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Stripe Tests Rev Reporting Tool
Stripe is testing a revenue reporting tool that provides a snapshot of key financial metrics. It’s part of a growing number of accounting functions from the payments company as part of its finance and revenue automation suite
Read more...NASBA: 30 Months to Pass CPA Exam
The National Association of State Boards of Accountancy has recommended CPA exam candidates have up to 30 months to complete the test. The proposal would extend the time from 18 months to pass the remaining three exam section after a candidate's passing the first one.
Read more...CPA Fleeced Investors
A Bakersfield, Calif., CPA, Jeffrey Todd Stewart, has admitted stealing $355,000 from investors. Stewart faces up to 20 years in prison for his guilty plea to a charge of wire fraud.
Read more...Avalara Sets More Event Dates
Avalara has set the dates for four of its eight regional editions of its Crush Conference. The regional events are being held this year instead of one national event. Colo., One conference has already been held in Denver, Colo.
Read more...Xero to Cut 700 to 800 Jobs
Cloud accounting software company Xero intends to cut 700 to 800 jobs. The company says the total represents about 15 percent of its workforce.
Intuit Launches SMB Index
Intuit has launched QuickBooks Small Business Index, which builds models from government statistics for small businesses in each country.
Read more...Xero Drops WorkflowMax
Xero will retire its project management software WorkflowMax and sold the brand to BlueRock. The latter company will offer a new WorkflowMax by BlueRock, with similar functionality.
Read more...S.C. Comptroller Fried by $3.5B Error
South Carolina’s elected comptroller general, Richard Eckstrom, is resigning after the heat grew intense because of $3.5-billion error in state financial reporting. A CPA, Eckstrom, had held the job for 20 years.
Read more...Rippling Raises $500 Million
Rippling stumbled into a $500-million financing round this month. The company had originally sought the capital because $545 million of customers’ money was frozen by the collapse of Silicon Valley Bank.
Read more...SEC Whacks Blackbaud for $3 Million
The SEC’s finding Blackbaud made misleading statements about a 2020 ransomware attack has led to the company agreeing to a $3-million civil penalty. The company also agreed to cease and desist from violations of the Securities Act of 1933, the agency said this week.'s
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