A majority of public companies are unable to finalize their revenue numbers on time, according to a new survey.

The iLumen Financial Information Network hopes to enlighten those who work in the private sector.Created by iLumen Inc., a seven-year-old Atlanta-based financial information technology company, the network connects private companies, their peers and advisors in a secure online environment to information, resources and people, according to Robert H. Woosley, iLumen's chief executive.

SAGE DRILLS DOWN MASTER BUILDERSage Software has released Sage Master Builder V. 13, adding the ability to drill down multiple levels from reports. The feature is designed to give construction companies better visibility into their financial and operational details. The software also offers estimation, production, project management and analysis features. The latest version includes more than 1,000 pre-built reports from which users can drill down to see further details. The software is also compatible with Microsoft Windows Vista Business.

The preliminary results of the 2006 Boomer Survey are in, and the survey shows that firms broke the $100-an-hour barrier for the second time in the past five years (2002-2006). Most of you are wondering what that statement means. You probably thought you broke the $100-an-hour barrier years ago.But did you?

Each year, we ask candidates for our Top 100 Most Influential list who they feel are the most influential figures in accounting, and this year's results reinforced some long-term trends.First off, the top vote-getters are the same, with American Institute of CPAs' chief executive Barry Melancon once again at the top. We also once again had a record number of responses (98) and a record number of nominations (102 individuals), reflecting the wider net we have to cast to take in all the people who impact the profession.

Intuit introduced QuickBooks 2008 with more features that allow accountants to work with their clients' businesses.

Sage Software updated its PFW ERP business management software with new interface updates, efficiency enhancements, and performance optimization features.

Quest Software said it would record $143 million in accounting adjustments related to stock option issues from 1999 through March 31, 2006.

Salesforce.com is integrating its online customer relationship management software with financial systems from Coda and Intacct.

Browser-based business management application provider NetSuite has released new features for its Version 2007.0 suite for their Wholesale/Distribution and Services Company edition verticals.Designed for wholesale/distribution companies in the midmarket, new features for the 2007.0 versions include graphical tools such as a transaction form assistant that allows users to customize quotes, orders and invoices delivered via e-mail or self-service to customers; a matrix item assistant for inventory management; vendor return authorizations that aim to track approval and item return statuses; an extended real-time FedEx integration with Canada for e-commerce shoppers; a multi-location inventory that can help specify which locations may carry available items; and the ability to tailor records such as serialized inventory, lot numbers, item labels and item receipts.

You might think that five years after a bill was passed, figuring out how to comply with it would be pretty much cut-and-dried. That's simply not the case with the Sarbanes-Oxley Act of 2002.While there is a good understanding of the kinds of excesses and vulnerabilities that its major sections are supposed to prevent, exactly how to go about implementing compliance procedures - and to what extent different-sized companies are responsible for compliance - is still very much up in the air.

COUGAR MOUNTAIN UPDATES LINEUPCougar Mountain Software released Version 12 of its CMS Professional Accounting, Fund and Point of Sale products.

xTuple introduced Version 2.2 of its OpenMFG enterprise resource planning software and said the free, open source version, PostBooks, has been downloaded more than 12,000 times since it was introduced a month ago.

Busy season, long days, work on weekends, that’s all inevitable, right?

CCH said it would improve its ProSystem fx Scan software for capturing documents in accounting firms by using EMC's Captiva software as the scanning engine.

Journyx has upgraded its Web-based time-tracking and expense management software with new user interface features.

The phrase wasn’t intended to be delivered as an epitaph. But it may have been.

CCH's Small Firm Services unit introduced software that lets tax professionals scan W-2, 1099 and other information forms directly into clients' tax returns.

CCH introduced a CPE Podcast Center with downloadable audio files that accountants can listen to on their iPods to earn continuing professional education credits.

Sage Software has unveiled its latest versions (7.6 and 8.3) of Sage Abra HRMS, the company’s human resource management system for small and midsized businesses and organizations in North America, featuring Employer Information Report EEO-1 and compatibility with the Microsoft Windows Vista operating system.