When Invitbox sold to Intuit in 2013 it was one of the earliest successes from the SMB app ecosystem. Brothers Roger and Chris Gregg had built up their hospitality focused accounts payable app by door knocking pubs and hotels across Australia. In those early years, when cloud accounting software was a relatively new concept, online […]
In a surprise move, Xero acquired the Canadian document fetching and processing app HubDoc this week. Xero said it would integrate its fetching technology into the accounting app and continue to operate HubDoc as a standalone product, much as it has done with project management tool WorkflowMax. It’s an interesting development because of where it […]
A quirky debate on banking data is happening on the sidelines – but with consequences that will radically change how you interact with your major suppliers and potentially your customers. It all started with the banks. Last year, the treasurer, Scott Morrison, commissioned the Open Banking Review, chaired by Scott Farrell, to find out the most […]
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 […]
Sholto Macpherson
