News (1872)
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Term Loans Added to Funding Portal
A business term loan option for CPA firms and their clients has been added to the CPA Business Funding Portal. Current portal users can immediately offer term loans while new subscribers can do so later this week.
Read more...Bookgel Debuts Pricing App
Bookgel has released a pricing and closing application for accountants. The company describes its product as providing “a structured process to secure new business and reprice existing clients."
Read more...Xero Enhances Banc Rec
Xero has introduced bank reconciliation predictions. These use machine learning to predict contact and account codes for transactions that cannot be matched to invoices or bills using an organization’s bank rules, Xero’s matching logic or memorizations.
Read more...CPA Firms Dominate Intacct Awards
Accounting firms took home most of the Sage Intacct channel awards this year. The top awards also went to repeat winners.
Read more...Somerset CPAs Expands Cloud Practice
Somerset CPAs and Advisors has merged in Dataquest Solution’s Acumatica practice an affiliated company. The new organization, Somerset Technology Solutions will be led by David Gelula and Debbie Mazzullo from Dataquest and Jason Leveson from Somerset.
Read more...QBO Advanced Goes Desktop
Intuit has rolled out a desktop version of its QuickBooks Online Advanced applications. QBO Advanced for Windows is a free add-on for cloud-based users.
Read more...FreshBooks Buys German Company
FreshBooks, which recently received $130 million in funding, has acquire FastBill, an accounting and invoicing package in Germany. Terms were not disclosed.
Read more...QBO Revs Jump 32 Percent
Revenue from QuickBooks Online jumped by 32.4 percent for Intuit’s first quarter ended October 31. That came as the impact of the software company’s purchase of Credit Karma pushed total revenue up 52 percent year-over-year.
Read more...Practice Ignition Snares $50 Million
Practice Ignition has raised $50 million in Series C Funding. The company says it will use proceeds to grow its business in in APAC, North America and EMEA.
Read more...Preparer Gets Prison in $2.3M PPP Fraud
A South Florida tax preparer has been sentenced this week to two years for his role in seeking more than $2.3 million in Payroll Protection Program Funds. Leonel Rivero, 35 submitted more than 118 fraudulent PPP loan applications.
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