Automation in small business accounting can certainly be beneficial, but when a cloud-based accounting platform remains within the confines of its own interface, there can be unexpected friction that prevents business owners from gaining real-time financial insights.
That’s because the more software solutions a business implements, the more platforms there are for accountants, payroll professionals, financial executives and others in the enterprise to toggle between, opening up the opportunity for manual data entry, recording errors and wasted time.
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Gravity Software adds multi-currency and enhanced multi-entity accounting | Accounting Today
Gravity Software, which makes a cloud accounting solution built on the Microsoft Dynamics 365 platform, has introduced multi-currency and multi-entity accounting.
The new features, and Gravity Software's platform as a whole, are aimed at businesses that manage multiple companies, each with its own separate database.
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"80 percent of our clients came from QuickBooks and the remaining from legacy accounting apps," said John Silvani, president and CEO of Gravity, in a statement."This software update release provides better efficiencies for businesses that are managing multiple entities and need to transact in different currencies. Gravity helps companies that truly want a robust cloud-based accounting solution at an affordable price."
Embracing digital disruption to drive growth | Accounting Today
The accounting services industry is at the forefront of sweeping digital disruption. Momentous technology change, coupled with shifting consumer trends, has prompted a new methodology for how the industry creates value for clients.
In this era of unprecedented transformation, those who understand the pace of change and its ensuing challenges will best reap the benefits. Below are four major trends that are revolutionizing accounting services, along with essential steps to readily embrace the most pressing digital business technology disruptions.
Global accounting body wants to force companies to spell out takeover motives | News | 1450 99.7
LONDON (Reuters) - A global accounting standard setter said it wants to force companies to spell out their thinking behind acquisitions to break new ground in making boards more answerable to shareholders.
"This is very much blue sky thinking," said Sue Lloyd, vice chair of the IASB, which sets accounting rules that are mandatory in over 140 countries, including the European Union and Britain, but not the United States, which has its own standards.
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JMU Limited Announced Appointment of New Independent Registered Public Accounting Firm
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Mnuchin backs $1K per adult, $500 per child in payments | Accounting Today
U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.
"The president is determined that we are going to support" those affected, Mnuchin (pictured) said in a Fox Business interview Thursday morning.
"We're really focused on providing liquidity to American businesses and American workers," Mnuchin said. "This is an unprecedented situation where for good reason the government has instructed parts of the" country to shut down.
Yooz, Inc. Named Top 10 Accounting Solution Provider for Third Consecutive Year
DALLAS, March 19, 2020 (GLOBE NEWSWIRE) -- Yooz, Inc., a leading cloud-based AP automation solution provider, announced today that it is recognized as a 2020 Top 10 Accounting Solution Provider by CFO Tech Outlook. The publication's editors conducted a comprehensive study of leading vendor firms globally that have carved a niche by delivering innovative solutions. The Top 10 Accounting Solution special issue features Yooz COO and Chief Innovation Officer, Laurent Charpentier.
Accounting For The Human Reaction - Texas A&M Today
“These predictions can significantly overestimate in the presence of a simple social distancing,” Eksin said. “That is why you may hear huge numbers from officials, with a footnote saying, ‘If we do not act now.’ We showed that if individuals in the population tend to react strongly to observed cases, then the predictions that do not account for behavior change may overestimate by 250 percent.”
Eksin’s research has shown that behavior change-related parameters can be added to simple models as an epidemic is ongoing, given that there are accurate case counts. The research, which was conducted with team members from UC Santa Barbara and the Georgia Institute of Technology, concluded that final size predictions should not be predicated solely on the estimates of initial speed of spread.
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