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 […]
How fast can you categorise a list of 130 transactions? Could you do it in under an hour? Deloitte has built an app that can do just that, without human intervention. This week in a keynote at Sydney’s Oracle Open World conference, Deloitte’s chief data scientist, Gavin Whyte, showed a slide with the results of […]
Solon Angel, founder of AI auditing company MindBridge Ai, is on a mission to weed out corruption. And he sees accountants as key allies in this fight. “Accountants have a very high responsibility to preserve trust in business. It is the highest responsibility in capitalism,” Angel said in an interview in his first visit to […]
If email is the bane of an accountant’s life, is the chatbot the answer? Both internally and for talking to clients? I started thinking about this when I saw an infographic that claims chatbots are taking over the world. Clearly – from Facebook to online retail and even major banks – this is a trend […]
What do you think an SME should pay their accountant? $10,000 a year, $20,000 or $60,000? How about $100,000 a year? Lisa Kernes is co-founder of Ignite Alliance, a boutique advisory that is challenging the definition of what an accounting firm looks like. Yes, they do tax and bookkeeping, but Ignite’s goal is to fast […]
Sholto Macpherson
