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Tech

Tech (265)

The Progressive Accountant is the leading online communit of public tax and accounting professionals focused on using technology to better manage and grow their practice.

Top Firm Technology-Not the Latest

Randy JohnstonIt's fairly easy to say accounting firms are usually not at the forefront of technology adoption. So social media and the cloud versions of business applications are not used by most firms and 48.4 percent of those responding to the Fourth Annual Accounting Firm Operations and Technology Survey do not use tablets.

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Internet of Things Coming on Fast

Steve Edginton, Epicor, with Photon sensorAt the Sapphire conference of software giant SAP in May, there was a demonstration of a sensor-equipped power tool being used to drill a hole in a thin panel of concrete. When the job was finished, the drill communicated with the company's financial software. It reported the cost of the job and application was ready to spit out an invoice.

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Sage to Test Accountant Cloud

Jairam Padmanabhan, SageSage plans to test its upcoming Accountant Cloud suite via an early adopter program. The software company intends to release that product in the United Kingdom in July and the United States in the fall. However, features are not completely fixed and will be shaped by the test.

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WHAT CFOs NEED TO KNOW ABOUT Automating Accounts Payable

MineralTree CFO Automating Accounts Payable CoverSponsored content: mineraltree logo ap and payment automation 2x

Today's CFO is tasked with ensuring that the finance team operates at peak performance, with an eye toward lowering costs, increasing speed, and reducing bottlenecks in the system. With competing priorities and busy teams, it's hard to know which initiatives will best move the needle. Because it is not necessarily viewed as strategic or innovative, the Accounts Payable department is often overlooked..

This eBook explores some of the key issues that CFOs need to consider when revamping the invoice-to-pay process.

o Identifying the current bottlenecks in the invoice-to-pay process

o Understanding best practices for invoice-to-pay automation

o Learning the benefits of moving AP spend onto corporate credit cards

o Build better relationships with vendors through better payment processes

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Tax Season Stats Move Backward

irsTax season 2017 took a step backward as it went into the last weekend. After a season marked by week-by-week improvement, most figures from the Internal Revenue Service for the season through April 14 fell behind the corresponding period ended April 15, 2016.

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Xero Debuts Software That Learns

Andrew Erkins, Digit BooksXero has introduced machine learning automation into its cloud-based financial software. The company says that the new technology means that the software will learn to perform such tasks as recording invoices against the proper account without business owners having to worry about making a mistake.

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Xero Creates Partner Leadership Spot

Xero has established the position of chief partner officer. The company recently named Anna Curzon to the new role. Curzon had served as managing director for New Zealand for the last year for the cloud software accounting company.

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Former N.Y. Preparer Pleads to Fraud

DOJA former Queens, N.Y., tax preparer has pleaded guilty to using a variety of bogus deductions to inflate client tax returns. Vanya Thompson, 39, who operated tax businesses under a variety of names, admitted falsifying items on returns, which the Depature of Justice said produced a tax loss of $250,000.

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Long Way to Go In Audit Data Analytics

Alan Anderson, RADAR InitiativeData analytics and data visualization promise a new way of conducting audits. But there is a lot of work to be done to develop the technology and prove the validity of these techniques in replacing traditional audit methodology. That was the message of a panel discussing the Rutgers AICPA Data Analytics Research (RADAR) Initiative recently.

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Sage One Struggles In the U.S.

Steve Hare, SageSage's low-end cloud accounting software, Sage One, has improved performance around the world. However, it continues to struggle in the market in the United States. Still in reporting its fiscal 206 results, the company expressed confidence that the product's reputation has been improving as measured by Net Promoter Scores.

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