Tuesday, January 25, 2022

Bloomberg - Are you a robot?

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LeaseQuery Identified as the Market Leader in the G2 Winter Lease Accounting Grid Report |

The overall satisfaction score was 25% greater than competitors, with LeaseQuery scoring highest in the following categories:

Regarding implementation, LeaseQuery scored highest in cloud deployment (86%). The solution also scored 86% in average user adoption, as well as the quickest implementation timeframe.

Publisher: Valdosta Daily Times
Twitter: @TheVDT
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Accounting and audit tech update: Sage, Moore Kingston Smith and more - Accountancy Age

On January 13, Manchester-based fintech tech start-up Hydr announced that it had integrated its invoice finance system into Sage and QuickBooks . The development will allow companies to get invoices paid "almost immediately", Hydr claims, going on to call the move a "product milestone".

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Publisher: Accountancy Age
Date: 2022-01-25T10:57:58 00:00
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Former Shreveport city employee alleges major problems within the accounting department |

SHREVEPORT, La. (KTAL/KMSS) – The former controller for the City of Shreveport is now a whistleblower, alleging multiple grievances and problems with the City’s accounting department.

Former City of Shreveport Controller Ben Hebert and attorney Allison Jones held a press conference Monday afternoon to address these issues, and to stop the permanent appointment of the current Chief Financial Officer, Kasey Brown.

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Publisher: ArkLaTexHomepage
Date: 2022-01-25T04:15:26 00:00
Author: Alexandra Meachum
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Expensify Debuts Card for CPAs, Accounting Firms | PYMNTS.com

Expense management software company Expensify launched its Expensify CPA Card on Monday (Jan. 24), featuring quick client setups and a high monthly revolving credit limit with no credit check or personal guarantees, according to a company announcement .

The Expensify CPA Card uses continuous reconciliation between Expensify and integrated accounting systems, giving administrators a real-time picture of a company's financial statements.

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Date: 2022-01-24T17:53:18-05:00
Twitter: @PYMNTS.com
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Accounting Seed Announces New CEO and Expands Leadership Team

Leading SaaS Accounting and ERP Platform announces appointment of former Insureon executive as CEO, announces new leadership positions to focus on company growth

COLUMBIA, Md. , Jan. 25, 2022 /PRNewswire/ -- Accounting Seed, the leading SaaS and ERP accounting platform built on Salesforce, has appointed a new CEO and created new positions on its senior leadership team. The move highlights the company's investment in accelerating growth.

Twitter: @Yahoo
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Insurers face major change to accounting rules | Investment Executive

The global insurance industry is facing the most significant change to its accounting rules in 20 years, says DBRS Morningstar in a new report.

The firm said the implementation of a new accounting standard for insurance contracts, known as IFRS 17, starting on Jan. 1, 2023, represents a major shift in accounting practices, creating added challenges for insurers.

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Publisher: Investment Executive
Date: 2022-01-24T19:44:34-05:00
Twitter: @IE_Canada
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Accounting data shows how much the pandemic squeezed Texas athletics

Only now can one grasp the problems facing UT athletic director Chris Del Conte as he patched gaping financial holes in the battleship.

Even now, Del Conte admits there were some tense moments as UT officials examined scrambled financial models, unsure how the pandemic would play out. The school dipped into its reserves to cover the loss, Del Conte said, and still gave the university $6.8 million.

Author: Brian Davis
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