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Stripe Tests Rev Reporting Tool

Revenue PresentationStripe 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

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NASBA: 30 Months to Pass CPA Exam

Exam hands pencilThe 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.

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CPA Fleeced Investors

Gavel swingingA 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.

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Avalara Sets More Event Dates

Avalara crushAvalara 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.

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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.

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Intuit Launches SMB Index

 Intuit has launched QuickBooks Small Business Index, which builds models from government statistics for small businesses in each country.

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Xero Drops WorkflowMax

Deadline 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.

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S.C. Comptroller Fried by $3.5B Error

Mistake mathSouth 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.

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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.

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SEC Whacks Blackbaud for $3 Million

Ransomware lock 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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