Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.

YouTuber, podcaster and advisor Jason Staats discussed the practical issues in AI implementation for accountants during Xerocon this week.

Speakers at Xero's annual conference this week urged accountants to think more deeply about promoting mental health and wellbeing for both clients and staff.

Sage Intaact touts enhanced features for global market; Certinia's Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.

Diya Jolly, chief product and technology officer with Xero, previewed its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.

Three-quarters of business leaders expect increased return on investment for generative AI will increase in the next three years, according to a new KPMG survey.

Diya Jolly, Xero's chief product and technology officer, announced several new products and enhancements for bank reconciliations, payments, compliance and more.

CEO Sukhinder Singh Cassidy outlined her "Win On Purpose" strategy, which involves a focus on accounting, payments and payroll in the U.S., U.K. and Australian markets.

Advent International, a global private equity investment firm, has acquired a majority stake in Syspro, a provider of ERP systems.

A new template for a 'Written Information Security Plan' is available for practitioners to meet their mandate.

The Treasury Inspector General for Tax Administration said the IRS lacks concrete plans for retiring and replacing legacy IT systems.

Accountants are generally pessimistic about the economy as a whole, but feel much more confident when it comes to their own firm and clients.

Financial Cents, which makes practice management software for accountants, announced a new $9 a month plan for solo practitioners.

The proposal, under the Financial Data and Transparency Act of 2022, will make financial data more accessible, uniform and useful to the public.

Eligible professionals can now earn revenue share with QuickBooks Payments.

Accounting tech space sees major acquisitions this week; Bitwave releases Data Fusion tool for digital assets; TaxValet gains B-corp status; and other accounting tech news.

Many payroll systems claim to be cloud-native, yet fail to deliver the true benefits.

TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.

Tax technology company Vertex announced its acquisition of European e-invoicing company Ecosio