Archive for the 'Accounting Software Articles' Category
Intacct Case Study for 3balls.com
As one of eBay’s largest and most established golf sellers, with statistically 100% customer satisfaction, 3balls.com reputation was at stake when their sales volumes exploded. Luckily, Intacct gave them a financial back-office system that could scale and adapt to their ever-changing businesses needs.
3balls.com chose Intacct’s comprehensive financial management and accounting applications, delivered over the Internet. Instead of buying and supporting an internal IT infrastructure, 3balls.com pays a low, monthly subscription fee for employees to access Intacct’s financial applications anywhere, anytime.
3balls.com used Intacct’s integration service to easily fuse financial back-end applications with its existing e-commerce, order lifecycle management and inventory management system from CORESense, a provider of on-demand retail management software for companies with multi-channel sales strategies.
Today, sales data from 3,000 channel partners and 100,000 customers placing up to 400 orders a day on 3balls.com,
eBay and Amazon flows directly into the Intacct system.
Because all financial transactions are available in real time, managers can run channel-by-channel revenue comparisons and control the latest orders, inventory levels, shipping schedules and financial transactions without wasting significant time and effort on manual processes or report customization.
Popularity: 3% [?]
No commentsTax Accounting Software By TaxWorks
RedGear Technologies, developer of TaxWorks professional tax software, has partnered with CYMA Accounting Software to create a software package that will prepare the most complex tax returns as well as provide solutions for a broad spectrum of accounting needs. The new TaxWorks package will be available for the 2011 tax filing season.
RedGear Accounting, powered by CYMA, will be included with the TaxWorks software at no additional charge. The accounting and tax filing software includes general ledger, cash disbursements, cash receipts, after the fact payroll, accounts receivable, accounts payable, bank reconciliation, purchase orders and more. Additional modules, or upgrades such as live payroll, are available for purchase.
Including RedGear Accounting at no charge with the purchase of TaxWorks allows tax preparers to meet their clients’ bookkeeping and financial reporting needs. Tax preparers can increase their revenues, and save money doing so because they will no longer need to purchase a separate accounting or write-up software package. We feel that by working with CYMA to deliver RedGear Accounting we are giving our customers the best value on a full featured tax and accounting suite available in the market today.
Popularity: 4% [?]
No commentsWatch out NetSuite! Intacct Launches its Accounting Project App
Intacct is taking aim at services-based businesses with a new product and partnership.
Intacct’s Project Accounting application, now generally available, will help services companies keep better track of employee project hours and expenses compared to ad-hoc approaches done with spreadsheets or paper documents, according to the vendor. It also generates invoices based on that data, and provides users with role-based dashboards that let them keep tabs on a project’s progress.
In addition, the software includes a library of reports and graphs tuned for services businesses, allowing them to monitor benchmarks like “project delivery costs against plan.” It is also possible to develop customized reports.
Intacct also announced a partnership with SaaS (software as a service) project management vendor Clarizen that will result in an integrated product, according to a statement.
Overall, Intacct is tapping into a broad economic trend, according to one observer.
“A key component of every product company will be growing services revenues,” said Altimeter Group analyst Ray Wang via e-mail. “Today products are excuses to sell services. Project accounting provides one core component. Intacct delivers this piece. Clarizen delivers the resource scheduling, project tracking and task management.”
Demand for such software is growing since companies are more eager than ever to closely track project expenses amid the economic downturn, according to 451 Group analyst China Martens.
Intacct’s move puts it in closer competition with NetSuite, which gained software similar to Clarizen’s through its acquisition of OpenAir. Appirio is another player, with its project management software built on Salesforce.com’s Force.com platform.
The SaaS delivery model works well for services businesses because teams are often distributed, licenses can be added easily and deployment is rapid, Wang said.
Still, many companies are still getting by with Excel or using on-premises applications like Microsoft’s Dynamics SL, Martens added.
Popularity: 5% [?]
No commentsIntacct, Top New Product of 2010
Accounting Today named Intacct as one of its Top New Products of 2010. The list was made up of the top products in 16 different categories, and Intacct was chosen as the winner of the Top Accounting/ERP Solution category.
Intacct is an established solution and its latest edition was praised as being extremely user-friendly and effective.
Intacct is so highly regarded that ten of the top 100 largest CPA firms use the software with their clientèle. More that 3,300 companies use Intacct accounting software, in a wide rage of ways; from automating financial processes to improving transparency.
The company stated that they are continually improving and developing on their software, and hope to continue to provide superior accounting solutions in the future.
Popularity: 10% [?]
No commentsSage Beefs Up Their Accounting Software
Sage North America, the Accounting Software Vendor, has announced the release of Peachtree 2011 and Peachtree Quantum 2011. The accounting software company is rolling out new features for service billing and job reporting at small businesses.
The accounting software updates in Peachtree 2011 include a new function that will help service businesses invoice customers for unbilled time and expenses. The unbilled items can also be filtered by date, customer name or job, and outstanding expenses can be directly transferred into an invoice. The accounting software also has a built-in dashboard that helps process large volumes of data about an item or service.
Peachtree 2011 accounting software also features customizable job status indicators in stoplight colors to help identify what is on or off track. Users can delete, rename, or change the stoplight buton colors as necessary.
The Peachtree Quantum 2011 accounting software has job management features for small business that give user s the information they need to take advantage of government stimulus opportunities. Peachtree Quantum is able to do so by enabling users to track the data required to comply with federal project parameters so that small businesses can take action.
The accounting software also includes a centralized dashboard that projects a list of jobs. Users can use job indicator stoplight buttons to sort the jobs by status. Peachtree Quantum also gives users the ability to build customized reports with real-time data on-the-fly. Another genius tool in the Quantum accounting software update is the job profitability module that compares estimated vs. committed jobs. The updated software can also create several user-defined reports that can be exported to Excel, PDF or e-mail.
The accounting software allows users to proactively manage projects with access to job info in one place. The Job navigation tab will help provide a customizable dashboard view. Peachtree 2011 and Peachtree Quantum 2011 have been updated to simplify accounting and make your life a little easier.
Popularity: 6% [?]
No commentsHow Small Business Accounting Software Can Improve Business Performance
It is no surprise that mega-corporations dominate the American business landscape. However small businesses are still relevant and can greatly benefit from business software usage. Small businesses often face a variety of problems because of their size, including undercapitalization leading to bankruptcy. It is extremely important for small businesses to carefully monitor their finances and establish a clear cut plan on what to do with their money. The impact of decisions made in small businesses is more severe than the impact of decisions made in larger companies. That being said, small businesses should focus on optimizing their business processes at the lowest possible cost. Small business accounting software can help alleviate some of your small business woes.
Step one in small business success is liquidity. Small businesses must have sufficient cash to trade and continue operations the next day; financial control is essential to small business management. One way small businesses can secure control over their finances is by using accounting software that specifically caters to your companies needs.
Small business accounting software is available to suit any and every type of business, therefore selecting the right option isn’t a difficult task. Implementing an accounting software solution will help business owners set and track sales goals, monitor gross margins, control expenses, and ensure all cash is accounted for. Accounting software is crucial for large businesses, but the benefits of using accounting software have been overlooked by many small businesses.
Another benefit of using small business accounting software is achieving sustained sales growth. Small businesses that record their sales can monitor performance and make decisions based on what works and what doesn’t and replicate actions that yielded higher sales. Without financial control, business owners would be making decisions based on hunches instead of financial facts.
Small business accounting software can help business owners decide what areas are underperforming and where action needs to be taken. By correcting underperformance early, small businesses will be able to maximize financial performance. It is critical for small businesses to figure out what is working and what isn’t because small businesses don’t have resources to waste. Using accounting software is crucial for small businesses to reach the highest levels of success.
For more information on selecting the best accounting software for your business, visit: www.Business-Software.com/Accounting
Popularity: 12% [?]
No commentsWith Accounting and Financial Advice for All: HelloWallet Democratizes Access to Financial Information
In wake of their $3.6 million acquisition in Series A funding, we thought we’d highlight HelloWallet’s personal finance software. Grotech Ventures and AOL co-founder Steve Case and his wife Jean, have come together to back the accounting software that is currently in beta mode. The product has only been available to public for a little over 2 months, but has a reach of over 3.5 million people. HelloWallet’s goal is to bring professional financial advisors to the masses.
HelloWallet covers all of the personal accounting bases like tracking and managing personal finances, and then some. What sets HelloWallet apart from other personal accounting software is that it aims to be a full-service financial advisor for its users. The product also proactively uncovers savings opportunities and potential threats for its members.
Additionally, HelloWallet is unaffiliated with banks and doesn’t allow them to advertise or promote their products through the software. The company claims to be untouched by business interests, thereby providing users unbiased recommendations and insight. HelloWallet plans to use the funding money to further product development and build up a stellar business development team.
The HelloWallet team helps users achieve their specific short and long-term financial goals. Financial stability is within reach with HelloWallet; the personal accounting resource will assist with life milestones like buying a home, saving for retirement, reducing debt safely, and saving for college. HelloWallet does saving for college one better by storing tuition information for nearly every university and modeling the tuition out to a users expected enrollment date. Then the service can make recommendations on how to approach educational savings on a per-case basis.
The startup company already has famous fans like President Clinton who claimed “HelloWallet gives financial advice to [all] Americans”. Gavin Newsom, Mayor of San Francisco, has enlisted HelloWallet to provide the city with financial guidance to all of its residents. The company is revolutionizing the personal finance sector and helping to democratize access to financial information. HelloWallet has a rich repertoire of partners as well, including Ernst & Young, to help them provide their users and clients with the best financial advice in the industry. The service costs $5 a month, and the company has offered a free subscription to one needy family for every 5 paying members. Philanthropy and Financial stability, what more can we ask for?
HelloWallet is causing quite a stir in the personal accounting industry. The company has broken down the barrier between the haves and the have-nots by opening up access to formerly costly financial advice. For more information visit: www.hellowallet.com.
Popularity: 4% [?]
No commentsMint.com for the Android
Personal accounting site Mint.com has launched its Android application today. Mint.com users can now access their personal finances on-the-go with their Android phone. Mint.com was acquired by Intuit for $170 million last fall, roughly the same time that the company announced its development of the Android application.
The app has similar features as the Mint.com app for the iPhone, including the ability to view real-time account balances, monitor transactions, compare spending activity against a monthly budget, and edit transaction details. Unlike the iPhone, you can add a Mint widget that shows total cash and debt on the home screen of the Android. The widget also lets users jump to the full application with just a tap.
The app is extremely useful to check balances before making large purchases. You can also keep track of every penny spent and watch the performance of your 401 (k), brokerage and IRA accounts. Here is a screen shot of the app for Android:
In order to use the application, users must create a free account on Mint.com. The application is designed to let users take full control over their personal finances. The Mint.com app for Android is easy-to-use and an extremely valuable money management client application. The only qualm consumers have about the app is the potential danger of including all their financial information in one app, if the phone is lost or stolen. To quiet those fears, Mint.com has added password-protection and the option of disabling access to the app from the Mint.com website immediately.
Popularity: 22% [?]
No commentsTax Calculation Made Easy?
IT solutions provider, SunGard, has released a new online tax calculation service that caters most specifically to benefit administrators requiring federal and state tax withholding support.
SunGard’s Omni Tax Calculator offers a simple way to calculate withholding taxes on pension distributions with improved efficiency. SunGard’s software as a service (SaaS) is available on a “pay as you go” basis and helps facilitate the entire tax calculation process.
The SaaS ultimately reduces the headache associated with tax calculation, which is quite a remarkable feat. Users will avoid dealing with costly hardware, technical expertise needed to deal with hardware, and daunting manual processes.
My favorite features of the SaaS-based Tax calculator are the automatic changes to federal and state tax withholding tables every time the government updates them and the automatic software updates. Genius!
The Omni Tax Calculator provides a simple solution for benefit administrators with its highly intuitive infrastructure. SunGard has made tax calculation easier for its users, now if only they could make it fun as well.
Popularity: 1% [?]
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