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News (1882)

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.

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Iris Buys Doc Man Company Conarc

Iris Software Group has continued its advance into the United States with the purchase of document management software company, Conarc. It is the fourth company in the accounting firm market acquired by England-based Iris in the last two years.

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ADP Redesigns Run Payroll

Automatic Data Processing has redesigned its Run payroll. The payroll company says the changes make the system more user friendly and “offer a streamlined user interface and a personalized dashboard with actionable insights.”

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Intuit Buying Mailchimp for $12 Billion

Intuit has agreed to buy Mailchimp for about $12 billion in cash and shares. The deal for the email and marketing software company is expected to close by the end of Intuit’s second quarter on January 31.

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Crowe Acquires NetSuite Reseller

NetSuite reseller and Workday Adaptive Planning partner, Upaya-The Solution, has been acquired by accounting firm Crowe. The deal for Upaya, based in Palo Alto, Calif., is expected to be completed on October 1.

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QB Desktop Moving to All Subscription

Intuit is moving to subscription only for its QuickBooks Desktop lineup. The software company also said at the same time it is returning to U.S.-based accountant support and will have the available to a majority of accountants in this country within nine to 12 months.

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WK Debuts Audit Analytics Resources

Wolters Kluwer Tax & Accounting has introduced Audit Data Analytics Resources, a library of tools that will be regularly updated. The offering is free to existing clients and potential users.

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Vic.ai Snares $50 Million in Funding

Vic.ai, which markets an AI-based payments platform, has received $50 million in Series B. Funding.  The latested round for the company, launched in 2015, brings the total funding raised to $63 million.

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Baker Tilly Buying Intacct Reseller

Baker Tilly US is buying Houston, Texas-based VAR AcctTwo Shared Services, effective October 1. Terms were not announced.

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Firms Win Microsoft Honors

Three accounting firms have been selected for the Microsoft Inner Circle this year. Meanwhile, a fourth has received the software company’s Eagle Award for 2021/22.

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QBO Revs Rise 25 Percent in 2021

Intuit reported another booming year for QuickBooks Online, whose sales grow to just under $1.7 billion for the year ended July 30. That is an increase of 25.4 percent from $1.35 billion in fiscal 2020.

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