Countingup , the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures.
Its initial ‘attack vector’ is to combine a business bank account with bookkeeping features to help automate the filing of accounts — a major time sink and pain-point for sole traders and small businesses.
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Sage Updates Boost SMB Accounting Visibility | PYMNTS.com
Cloud business management firm Sage has announced new updates to its small business cloud accounting solution to help customers gain more insight into their accounting, payroll and HR data.
Sage has seen the uptick in people working from home and wanted to work on a way to make dealings in payroll and accounting more precise, as "providing the right information at the right time has never been so important," the announcement noted.
Our profession has changed forever | Accounting Today
I have a 42-year history in public accounting. I founded and ran one of the largest CPA firms in the country for three decades. I've consulted with dozens of firms currently and throughout my career, and through my new programming, the Managing Partner Bootcamp, I am currently working with 100 firms from around the world. My varied industry experience lends me a unique perspective into where we are heading.
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Three elements of our practice have changed forever: the unprecedented move to a virtual practice, the client experience and our relationships with traditional office real estate.
Steamship Authority accounting proves elusive - The Martha's Vineyard Times
Malkin told the commissioners the absence of audited financials "makes it very difficult to look at a business model going forward. I've asked for them, will continue to ask for them. I've asked for an update for where they are with the auditor, but I have not yet seen those things."
Asked for greater detail by The Times, Malkin said, "If the authority is losing money, $1 million, $1.5 million, and I've heard both, $5 million in the month of April, you're going to run out of pockets … If despite all our efforts to encourage people to come here, all our efforts to socially distance, all our efforts to stay safe, all our efforts to serve my friends in Oak Bluffs who own restaurants and hotels, et cetera, despite all that, if we don't get traffic, and if Mr.
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Verady Unveils Ledgible Accounting Partnerships with Blockchain.com and Algorand
Blockchain.com, who has over 48 million wallet users and an exchange providing best-in-class trading capabilities, will benefit from the integration by incorporating Ledgible's institutional grade reporting internally.
Algorand, a next-generation blockchain platform that enables the frictionless exchange of value, will leverage Ledgible for internal accounting and auditing. In addition, Ledgible will be integrating ALGO into its software, so that all holders of the native token of the Algorand platform (managed by the Algorand Foundation) will have integrated accounting. This expands the growing suite of digital financial products and services that are available to Algorand users.
The crisis should not delay stricter accounting rules | Chicago Booth Review
This is both sides of the Atlantic. The International Accounting Standards Board and the Financial Accounting Standards Board in the US both changed the way that banks recognize losses. These rules were debated for a long period of time, and finally, these rules were put in place in 2016.
Then they kept getting delayed and delayed. And finally, in 2018, all banks—all companies for that matter—outside the United States were required to recognize the expected-loss model, while for the US banks, these new standards came into force at the beginning of this year, 2020.
Management accountants are creating value out of uncertainty | Accounting Today
The evolution of the management accountant from bean counter to business partner has been well-publicized. Accountants and finance professionals have become accustomed to the greater role management accountants have assumed within their organizations as they have led in formulating strategy, anticipating risk and determining the best course of action to move forward.
Their responsibilities have grown both in volume and in importance, but perhaps there is no better encapsulation of the value management accountants provide to their organizations than their role in enterprise risk management. During these uncertain times, having an effective and impactful ERM plan is as important as it has ever been.
Emily Sturgeon-Turso of Piscataway Inducted into Accounting Honor Society at Scranton | TAPinto
SCRANTON, PA — Emily Sturgeon-Turso of Piscataway was among the 36 University of Scranton students inducted into the Institute of Management Accountants (IMA) Honor Society.
Sturgeon-Turso is a junior marketing major at the Jesuit university located in Northeastern Pennsylvania.
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NEW JERSEY — One day before the federal government's scheduled release of April unemployment figures, state officials detailed their own analysis of unemployment during the pandemic.
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