Tech (265)
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.
Top Firm Technology-Not the Latest
It's fairly easy to say accounting firms are usually not at the forefront of technology adoption. So social media and the cloud versions of business applications are not used by most firms and 48.4 percent of those responding to the Fourth Annual Accounting Firm Operations and Technology Survey do not use tablets.
Read more...Internet of Things Coming on Fast
At the Sapphire conference of software giant SAP in May, there was a demonstration of a sensor-equipped power tool being used to drill a hole in a thin panel of concrete. When the job was finished, the drill communicated with the company's financial software. It reported the cost of the job and application was ready to spit out an invoice.
Read more...Sage to Test Accountant Cloud
Sage plans to test its upcoming Accountant Cloud suite via an early adopter program. The software company intends to release that product in the United Kingdom in July and the United States in the fall. However, features are not completely fixed and will be shaped by the test.
Read more...WHAT CFOs NEED TO KNOW ABOUT Automating Accounts Payable
- Tuesday, 09 May 2017
- Tech
- Written by Kurt Martin
Today's CFO is tasked with ensuring that the finance team operates at peak performance, with an eye toward lowering costs, increasing speed, and reducing bottlenecks in the system. With competing priorities and busy teams, it's hard to know which initiatives will best move the needle. Because it is not necessarily viewed as strategic or innovative, the Accounts Payable department is often overlooked..
This eBook explores some of the key issues that CFOs need to consider when revamping the invoice-to-pay process.
o Identifying the current bottlenecks in the invoice-to-pay process
o Understanding best practices for invoice-to-pay automation
o Learning the benefits of moving AP spend onto corporate credit cards
o Build better relationships with vendors through better payment processes
Read more...Tax Season Stats Move Backward
- Monday, 24 April 2017
- Tech
- Written by The Progressive Accountant
Tax season 2017 took a step backward as it went into the last weekend. After a season marked by week-by-week improvement, most figures from the Internal Revenue Service for the season through April 14 fell behind the corresponding period ended April 15, 2016.
Read more...Xero Debuts Software That Learns
- Monday, 13 March 2017
- Tech
- Written by The Progressive Accountant
Xero has introduced machine learning automation into its cloud-based financial software. The company says that the new technology means that the software will learn to perform such tasks as recording invoices against the proper account without business owners having to worry about making a mistake.
Read more...Xero Creates Partner Leadership Spot
- Tuesday, 21 February 2017
- Tech
- Written by The Progressive Accountant
Xero has established the position of chief partner officer. The company recently named Anna Curzon to the new role. Curzon had served as managing director for New Zealand for the last year for the cloud software accounting company.
Read more...Former N.Y. Preparer Pleads to Fraud
- Monday, 30 January 2017
- Tech
- Written by The Progressive Accountant
A former Queens, N.Y., tax preparer has pleaded guilty to using a variety of bogus deductions to inflate client tax returns. Vanya Thompson, 39, who operated tax businesses under a variety of names, admitted falsifying items on returns, which the Depature of Justice said produced a tax loss of $250,000.
Read more...Long Way to Go In Audit Data Analytics
Data analytics and data visualization promise a new way of conducting audits. But there is a lot of work to be done to develop the technology and prove the validity of these techniques in replacing traditional audit methodology. That was the message of a panel discussing the Rutgers AICPA Data Analytics Research (RADAR) Initiative recently.
Read more...Sage One Struggles In the U.S.
Sage's low-end cloud accounting software, Sage One, has improved performance around the world. However, it continues to struggle in the market in the United States. Still in reporting its fiscal 206 results, the company expressed confidence that the product's reputation has been improving as measured by Net Promoter Scores.
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