News (1630)

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QBO Accountant Gets Performance Center

Intuit has made the Business Performance Center available in QuickBooks Online Accountant. Previously available only in QBO Advanced, the center enables users to manage key performance indicators, charts, and reports in a central place.


Xero Increases Starter Plan Limits

Xero has extended existing functions to new users, along with upgrading its Starter plan. The cloud software company made the information available on Xero On Air, a series of webinars being held through Thursday September 17.


KPMG: M&A Investments Drop Dramatically

Merger and acquisitions have stalled, according to a study by KPMG International. The conclusion is from the bi-annual report on global financial technolgoy investment, the  Pulse of Fintech H1’20, release this month.


Incentive Drop Cuts Paychex Pay

Sharp declines in non-equity incentive compensation for Paychex’s named executives pushed salaries down for four of five leaders for the year ended May 31. Only Martin Mucci, CEO of the payroll services company, received an increase over fiscal 2019 and that was 1.7 percent.


AICPA Survey: Execs Still Glum on Economy

Sentiment has improved but business executives are still glum about the economy, according to the findings of the third-quarter AICPA Economic Outlook Survey. Although it was up from 20 percent last quarter only 24 percent of respondents were a optimistic about the economy for the next 12 months.


CPA Domain Name Launched

The domain name .cpa has begun rolling out. The restricted Internet domain from the American Institute of CPAs and entered what the sponsors termed an “early-phase’ debut.

Read more... Spending Increases Loss

An increase in operating expenses led to a fiscal 2020 loss that was four times the prior year's red ink. The payments software company lost $31.1 million for the most recently completed year, compared to a $7.3-million loss for fiscal 2019.



Xero Names Director for Hispanic Market

Jackeline Velez has been named as director for the U.S. Hispanic market by cloud software vendor Xero. Velez’s team will focus prove education materials to Hispanic accountants and bookkeepers and will offer product training, translated content and events.


Survey: Pandemic Pushes CFOs into Strategy

CFOs have increasingly functioned as strategists, and spend less time with traditional operations as a results of the COVID-19 pandemic. That was the finding of Grant Thornton’s The 2020 CFO Survey Report.


Accounting Firms Tops With NetSuite

Three accounting firms took home the top awards recently announced by Oracle NetSuite for 2020. RSM US kept its streak going, being named Worldwide Partner of the Year for the cloud software company for the eight straight Year.


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