In a sign of the times, CCH iFirm is adding connections to other vendors’ accounting software in a bid to improve efficiency for accounting firms. While accounting software for SMEs has long used API connections to integrate with hundreds of other business apps, practice software has tended to stay within its walled garden. Xero […]
Xero has long had a “soft” limit of 1,000 transactions a month. In the past, when a business exceeded this number, Xero could become slow to respond and take a long time to generate reports. But how strict is that 1,000-transaction limit today? Has the shift to Amazon’s elastic cloud given Xero a longer life […]
It’s time the mid-market accounting software companies woke up and realised it is 2018 – and that there is a once-in-a-lifetime opportunity lying right in front of them. In Australia, MYOB has decided not to add the government-mandated Single Touch Payroll service to MYOB Premier, the accounting software which holds as much as half the […]
Auditing as it is currently practised is already on the way out. Algorithm based tools such as MindBridge and in-house algorithms developed by the largest firms are turning reconciliation, error checking and flagging suspicious transactions into a push-button affair. Auditors will still be around – but they could look and sound a lot more like […]
Above (L to R): Robin Sands, Simon Foster, Sam Hassan E-invoicing app Link4 and receipts processing app Squirrel Street have merged into an all-in-one accounts payable app under the Link4 name. It’s an interesting development for accounts payable processing in a space that is quite crowded. Receipt Bank is the largest app globally in the […]
First, its global licensor took back QuickBooks, the household brand name. Then the dream deal with MYOB evaporated. Now shares have fallen from blue chip to nearly penny stock. And yet Reckon’s managing director, Sam Allert, puts out an impenetrable air of cheerfulness. “I’m keen to give the other side of the story because it’s […]
An unstoppable trend is pushing accountants into the job of setting up and managing apps that connect to cloud accounting software. Rich Preece, VP and leader of Intuit’s accountant segment, made the call at Australia’s QuickBooks Connect, which swept into Sydney last week. Here’s the rationale: To automate the legwork in accounting, accountants need businesses […]
Correction: An earlier version of this story wrongly reported that Reckon had reduced its support staff. There was no detectable trace of disappointment in MYOB CEO Tim Reed just four hours after announcing the deal to buy Reckon APS was off. A very upbeat Reed talked about spending the acquisition funds on speeding up delivery […]
Thinking seriously about adding a lucrative consulting arm to your accounting firm? One of the biggest challenges is making sure you have enough work to fill your billable hours and that each job is consistently profitable. Capacity management is a bugbear for firms managing compliance work. Even the most sophisticated cloud accounting firms tend to […]
Another week, another new entrant in the accounting software market. Wiise is, however, a little different. It is backed by three of the largest and best-known companies in Australia with an enormous customer base among them. KPMG Australia, Microsoft and the Commonwealth Bank of Australia all have their names right at the top of the […]
Security is an enormous issue for SMEs including accounting firms, from ransomware to data breaches and employee theft. Where there is a risk of financial and reputational loss, “silver bullets” and hype merchants quickly follow. The only way to work out the best plan of action for your firm is to talk to as many […]
Sholto Macpherson
