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Accounting

On the Books – October 2015

On the Books is a monthly roundup of news briefs and events that have an impact on accounting firms.

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Aplos Software (www.aplos.com), creator of online nonprofit accounting software, unveiled its new software dashboard aimed to help users quickly monitor the health of their organization. The dashboard includes dynamic graphs and alerts of important actions to take enabling users to see important metrics and financial trends.

Avalara (www.avalara.com), cloud state and local tax solutions provider, has launched a new automated sales tax rates and returns service for Xero (www.xero.com) customers. The integration provides tax rate data in real time, enabling quick and automatic access for inclusion in customer invoices

Bill.com (www.bill.com) a provider of web-based payment solutions, has announced the release of its QuickBooks Online Sync 2.0. The sync’s seamless, bidirectional workflow for both accounts payable and accounts receivable eliminates double data entry, ensures data integrity, and provides an accurate up-to-date forecasting of cash flow.

Intuit (www.intuit.com), creator of business and financial management solutions including QuickBooks, TurboTax, Min.com, ProSeries, and Lacerte, has announced its Dallas-area business campus is now being 100% fueled by wind power as part of the company’s ongoing commitment to reduce greenhouse gas emissions and improve energy efficiency.

Sage North America (www.sage.com), provider of business management software and services to small and medium businesses, has been awarded the 2015 K2 Quality Awards Prime Award, a new category for K2 annual software awards. The Prime Award recognizes one company that leads in the majority of the award categories and meets several key considerations.

SmartVault (www.smartvault.com), Software as a Service (SaaS) provider of online document management and secure client portal solutions, has announced the release of the new SmartVault for Accountants. This new release streamlines document collection, simplifies the process for adding new clients, prints and automatically routes files to the right folder from any app, provides bulk email and mail merge options, and introduces a new SmartVault Connected Desktop to handle workflow.

Thomson Reuters (www.tax.thomsonreuters.com), provider of comprehensive tax and accounting solutions has updated its Checkpoint Catalyst product to include New York’s recent corporate tax reforms, the most significant tax system overhaul in New York since the 1940s.

TSheets (www.tsheets.com), the cloud-based time tracking technology company, has announced a $15 million growth equity investment from Summit Partners. TSheets is on target to achieve 100 percent year-over-year growth for three years, with customers in 100 countries, 80+ employees, and a new satellite office in Sydney, Australia.

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Association News:

The Georgia Society of CPAs (www.gscpa.org) in conjunction with the Georgia Food Bank Association announced the results of the second annual Georgia Accounting Food Fight. During the friendly, two-week competition, accounting firms and industry accounting departments statewide raised 11,376 pounds of food and $100,006 in funds for Georgia’s eight regional food banks.

The New York State Society of Certified Public Accountants (www.nysscpa.org) has announced that they have opened a government affairs office in Albany as the 28,000-member association renews its focus on state legislation and regulations. The office will be used by the Society’s government affairs team for advocacy efforts with state lawmakers and regulators regarding the NYSSCPA’s legislative priorities.