News (1882)
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Canopy Adds Productivity Dashboard
Canopy, which makes tax resolution software, has added a productivity dashboard to its practice management application. The new tool displays display time budgets on all tasks and subtasks.
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 CPA.com entered what the sponsors termed an “early-phase’ debut.
Bill.com Spending Increases Loss
An increase in operating expenses led Bill.com 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.
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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.
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