Category Archives: Online Accounting

FullSpeed Provides Spreadsheet-like Macros in Cloud-based Accounting Apps: QuickBooks Online, Xero, and Others

Madison, Missouri, September 26, 2014 , Most people who have used word processing software know what a macro is: a group of commands you can put together quickly to do a repetitive job, like adding blank spaces at the beginnings of several lines, or changing underlined words to italics on an entire page. Wouldn’t it be great if someday macros could apply calculations to multiple lines of data in applications like QuickBooks Online, Xero, or other cloud-based accounting software?

That day is here! FullSpeed lets you set up simple formulas in its own internal spreadsheet and applies them to data in other programs at the press of hotkey. In fact you can have multiple macros defined, each with its own unique hotkey.

What kinds of things can FullSpeed do? …calculations involving multiple columns of an invoice, column subtotals and totals, calculate discounts or freight surcharges or special taxes, autonumber lines, provide customized messages like “A discount of $123.45 is available if paid by October 15, 2014”, and a lot more. FullSpeed supports a wide range of Excel-compatible spreadsheet features such as numeric and statistical functions, IF logic, date/time functions, text manipulation, and plenty of ways to format results: currency, numeric, date/time, etc.; even the ability to display decimal amounts as fractions.

FullSpeed works in invoices, estimates, purchase orders, sales orders, bills, checks, sales receipts, grids, etc.–almost anywhere you can enter accounting data. It is compatible with any Windows-based Web browser which supports Microsoft’s UI Automation technology, such as Google Chrome, Mozilla Firefox, or Microsoft Internet Explorer. FullSpeed is not limited to browser-based apps though: it also works in some native Windows applications like QuickBooks desktop editions. (Though FullSpeed can work with a variety of application types, it has mostly been certified to work with accounting applications in this first release of the product.)

Many cloud-based accounting applications have limited space available for data or calculated results. For example, neither QuickBooks Online nor Xero currently supports custom fields in the line items area of invoices. But FullSpeed overcomes this problem in two ways:

(1) It supports storing data in the Description field of sale or purchase items, and can extract it to use in calculations. For instance, users can store a per-unit shipping weight in each item’s Description, and FullSpeed can use it to calculate the total shipping weight for an invoice.

(2) FullSpeed’s Scratchpad feature allows macros to temporarily store results of intermediate calculations, so they don’t have to be written to the target application where no space may be available to hold them.

Maybe the most unique feature of FullSpeed is that it works directly on data in the target application. Users get to see the results of calculations immediately while working in an invoice, purchase order, or other form. There’s no need to export the form’s data to do calculations in Microsoft Excel or some other program, and no need to re-import or Copy and Paste results that were calculated elsewhere.

FullSpeed is priced at $119 for a single-user license, less for multi-user licensing. FullSpeed is compatible with Microsoft Windows XP (SP3) and all later versions including Windows 7 and Windows 8.

A downloadable 30-day free trial and step-by-step examplesare are available from FullSpeed’s main Web page: http://www.goflagship.com/products/fullspeed.htm

— End —

Contact Details:

Mark Wilsdorf
Flagship Technologies, Inc.
14976 Monroe Road 1039
Madison, MO, USA

info@goflagship.com
660-291-3000

FullSpeed home page: http://www.goflagship.com/products/fullspeed.htm

Via EPR Network
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FreeAgent Secures Place in GetApp Hitlist of Cloud Apps

FreeAgent has been listed among the UK’s top business apps by a leading industry reviewer.

Comparison website GetApp, which reviews and compares thousands of the world’s best cloud apps for small businesses, has included FreeAgent in the top five in its June list of the UK’s business apps.

In addition, the cloud accounting software provider was also listed in 19th place on GetApp’s worldwide June recommendations, making it one of the coveted top 25 apps that the website suggests small businesses should consider. It scored an impressive 9/10 rating from user reviews on the site.

Ed Molyneux, CEO and co-founder of FreeAgent, said: “GetApp is a trusted name for reviewing and comparing the best apps for small businesses, so we’re delighted have been named as one of their top apps for June. The fact that we appear on their worldwide list, as well as their UK top 5, is great news and a real testament to how FreeAgent is helping to make it easier and more intuitive for small businesses and freelancers to manage their finances.

“We’re also very happy to have achieved such a high score on their site from user reviews. I’m sure we will see even higher ratings following on from our recent redesign, which had been very warmly welcomed by our users.”

About FreeAgent

Edinburgh-based independent FreeAgent has pioneered online accounting since the launch of its service in 2007. It has rapidly grown a loyal community of freelancers and small businesses, who pay either monthly or annually for access to its software offering many easy to use features.

Via EPR Network
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FreeAgent Launches iPhone App For Financial Record-Keeping

FreeAgent has launched a unique record keeping iPhone app designed to help self-employed people and very small businesses in the UK to stay on top of their finances and tax commitments.

FreeAgent, a leading online accounting software provider, has developed the app – called Earnest – after being tasked by HM Revenue & Customs to create a free resource allowing self-employed workers and very small businesses across the country to keep track of their income and expenses and estimate the amount of tax that they owe.

Under HMRC guidelines, many micro-business owners and self-employed people only have to file three-line accounts: recording income, expenditure and profit for the year. However, many of these people still find it difficult to manage their accounts – which prompted HMRC to request software companies to develop an app that would provide assistance.

FreeAgent has designed Earnest to be an easy-to-use, intuitive app that provides very small business owners with simple information and record-keeping functions that they require. Currently available to download in the iTunes App Store, Earnest enables users to easily track their income and expenses on their iPhone, and it is the only free app currently available under the HMRC initiative that also forecasts their tax commitments.

Ed Molyneux, CEO and co-founder of FreeAgent, said: “HMRC challenged the software industry to create an easy-to-use-app that would help self-employed people and very small businesses keep track of their finances, and we’ve designed Earnest to do exactly that. It’s a simple, intuitive app that lets them monitor their cash flow, input expenses and see how much tax is owed – and we think it’s going to be an invaluable tool for small business record-keeping.

“Our hope is that very small businesses will receive the support they require from Earnest – and as they grow and start to require more in-depth features for their finances, their experience with the app will encourage them to ‘trade up’ to use FreeAgent. We’re essentially trying to create a hassle-free journey that small and early-stage businesses can follow when it comes to managing their finances and bookkeeping.”

The Earnest app enables users to:
– Record income and expenses
– See their bottom line profit or loss
– Get estimates on how much tax they owe
– See upcoming tax deadlines and dates with a “Tax To-do” list
– Capture and store image receipts using their iPhone camera
– Create alerts to remind them of important tax dates and as they near the VAT Threshold
– Categorise transactions by payment method
– Record cash and non-cash transactions
– Add notes to entries
– Record CIS deductions made on income
– Back up their data by email

More information about Earnest can be found on the website www.earnestapp.com or by visiting the iTunes App Store.

Via EPR Network
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Attraction World Chooses Access Dimensions To Handle High Volume Business Transactions

Attraction World, the leading supplier of attraction tickets to travel agents in the UK, has chosen an accounts system and document management software from Access to help it manage its high volume transaction business. The ambitious company, which was established in 2006, will see a turnover of £63m this year and expects this to rise to £90m by 2014.

Deborah Spence, financial director for Birmingham-based Attraction World, commented, “We’re processing more than half a million transactions each year and we’re expecting this to grow significantly. The business needs a robust solution that can easily process such huge volumes and will integrate with our bespoke front-end travel system, incorporating the latest e-ticket technology. “Access Dimensions will provide us with an accurate, central reporting system to help automate processes and reduce the time taken to produce monthly Board packs. It will cut rekeying of information and duplication of effort, helping us to reconcile data between the finance and travel systems.”

Attraction World, which employs 45 staff, currently has a bespoke travel system which the in-house team will integrate with Access Dimensions. Longer term, the company will look to use Access’ Dashboard solution to manage and monitor KPI’s more effectively.

Attraction World is one of the world’s leading theme park and attraction ticket specialists. It supplies product to many of the world’s leading travel brands including Thomas Cook and Thomson Holidays. Since it started in 2006, Attraction World has enabled more than two million customers to pre-book attractions in more than 40 countries worldwide. This includes everything from Alton Towers and Warwick Castle to magical trips to Walt Disney World Resort in Florida and desert adventures in Dubai.

Via EPR Network
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ManagePLUS Gold™ lets QuickBooks Users Allocate Overhead Expense with Drag-and-Drop Ease…and Spreadsheet Accuracy

The new release of ManagePLUS Gold™ for QuickBooks, from Flagship Technologies, Inc. (www.goflagship.com) lets users allocate expense from cost- and support-center classes and accounts to profit center classes, using a visual drag-and-drop approach.

Many businesses and nonprofit organizations use the classes feature of QuickBooks to track revenue and expense for the departments or activities of the organization—its cost centers, support centers, and profit centers, such as Office and Administration, Packing & Shipping, or Manufacturing. They set up classes to represent these, and apply those classes when entering transactions to identify income and expense with specific departments or activities.

This is all part of a cost accounting technique known as activity-based costing (ABC), the goal of which is to determine whether each income-producing area of the business—each profit center—is profitable. To get this done, the “overhead” expense accumulated for the organization’s cost centers must be allocated among profit centers on some reasonable basis.

Using QuickBooks by itself, allocation is anything but simple. It requires making journal entries or using “zero-dollar checks”, and there’s no way to automate the calculations involved. In fact, most users export transaction totals from QuickBooks to a spreadsheet, do the allocation calculations there, then manually enter the results as journal entries in QuickBooks. The entire process is difficult and offers plenty of opportunities for making errors.

ManagePLUS Gold overcomes all of these problems. With a couple mouse clicks, it retrieves transactions from QuickBooks and totals the amounts available for allocation from each class to other classes. Users then build allocation formulas visually by dragging a class onto the other classes to which it will be allocated. (The allocation formulas can be re-used in subsequent accounting periods, so the job is even faster and easier the next time.)

Because accuracy is just as important as ease of use, ManagePLUS Gold supports allocation based on “management quantities” the user has associated with individual classes, as well as on a percentage basis. Management quantities can be any physical or dollar amount related to the activity–things like labor hours, tons/gallons/bushels produced, miles driven, dollars of direct expense, etc. The result is spreadsheet-like allocation capability but without building spreadsheet formulas, exporting accounting data, or making journal entries.

Once allocations have been built, with a couple more mouse clicks the user can prepare a profit and loss report for any class, showing direct revenue and expense as well as the amounts that have been allocated to it.

But that’s not all. The new version 3.1 of ManagePLUS Gold adds the ability to send allocation transactions to QuickBooks, with a single click of the mouse. So now users can choose whether to get class profitability reports in ManagePLUS Gold or in QuickBooks, and have the option of doing anything with the allocation journal entries that they can do with other QuickBooks transactions—create customized reports, export them, include them in backups, etc.

Allocation capabilities are the “tip of the iceberg” with respect to ManagePLUS Gold’s features. Here’s a few of the other things it does:

    – Lets users associate “extra” data with accounts and classes, and manages that data separately for each accounting period.

    – Uses the “extra” data to automatically add management information and per-unit statistics to reports—things like average cost per unit of sales or per unit of production for each class.

    – Provides advanced quantity handling and storage in QuickBooks transactions by supporting entry of two quantities per transaction, such as the weight and count of items bought or sold.

    – Provides specialized reporting capabilities for the two-quantities feature, including automatic statistics like weight per each, count per weight, cost per weight (pound/ton/etc.), and cost per each.

    – Supports advanced, automatic unit of measure labeling on reports.

ManagePLUS Gold sells for $149 per single-user license and is compatible with Microsoft Windows versions of the Pro, Premier, and Enterprise editions of QuickBooks, 2004 and later, including U.S., UK, and Canadian releases. A 30-day free trial is available to download from the product’s Web page: http://www.goflagshipcom/products/mphome.htm.

Via EPR Network
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ManagePLUS Gold™ for QuickBooks Supports Farm and Ranch Enterprise Accounting

QuickBooks accounting software is popular with farmers and ranchers because it offers a lot of power and flexibility, while being easy to use and having wide support among CPAs, tax preparers, extension educators, and other professionals.

The classes feature of QuickBooks is popular in agriculture too, because it allows tagging income and expense transactions as belonging to specific departments or enterprises within the farm or ranch business: fertilizer for the Corn class, mineral supplement for the Beef Cow class, combine fuel for the Harvest Services class, feed mill repairs for the Feed Processing class, and so on–often referred to as cost centers and profit centers. Using classes in this way is part of a cost accounting technique known as activity-based costing (ABC), the main goal of which is to isolate the income and expenses associated with major activities of the business, to determine whether each income-producing activity—each profit center—is profitable.

For ABC to yield useful management information, the expenses accumulated for cost centers (often referred to as “overhead”) must be allocated among profit centers on some reasonable basis. For example, expenses of the Harvest Services class would be allocated among the profit center classes in which Harvest Services get used: the farm’s crops, like Corn, Soybeans, and Wheat.

Using QuickBooks by itself, allocating expense to several classes is anything but simple. It requires making journal entries or using “zero-dollar checks”, and there’s no way to automate the calculations involved. In fact, most users export transaction totals from QuickBooks to a spreadsheet, do the allocation calculations there, then manually enter the results as journal entries in QuickBooks. The entire process is difficult and offers lots of opportunities for making errors.

ManagePLUS Gold, from Flagship Technologies, Inc. (www.goflagship.com) overcomes all of these problems. With a couple mouse clicks, it retrieves transactions from QuickBooks and totals the amounts available for allocation from each class to other classes. Users then build allocation formulas visually by dragging a class onto the other classes to which it will be allocated. (The allocation formulas can be re-used in subsequent accounting periods, so the job is even faster and easier the next time.)

Once allocations have been built, with a couple more mouse clicks the user can prepare a profit and loss report for any class, showing direct revenue and expense as well as allocated amounts. For example, a profit and loss report for the Corn class would include the amounts allocated to it from Harvest Services and from other cost centers.

But that’s not all. The new version 3.1 of ManagePLUS Gold adds the ability to send allocation transactions to QuickBooks with a single click of the mouse. So now users can choose whether to get class profitability reports in ManagePLUS Gold or in QuickBooks, and have the option of doing anything with the allocation journal entries that they can do with other QuickBooks transactions—create customized reports, export them, include them in backups, etc.

Allocation capabilities are the “tip of the iceberg” concerning ManagePLUS Gold features that are used in farm and ranch businesses. Here are some of the other things it does:

    – Provides advanced quantity handling for QuickBooks transactions, by supporting entry of two quantities per transaction, such as the weight and count of livestock bought or sold.

    – Provides specialized reporting capabilities for the two-quantities feature, including automatic statistics like average weight per head, average price per pound, average price per head, and so on.

    – Supports advanced, automatic unit of measure labeling on reports.

    – Lets users associate “extra” data with accounts and classes, such as crop acreage, bushels harvested, or the number of head of livestock involved, and manages that data separately for each accounting period.

    -Uses this “extra” data to automatically add management information and per-unit statistics to reports—things like average herbicide and fertilizer cost per acre, average feed cost per head of livestock, and other per-unit management factors.

ManagePLUS Gold for QuickBooks sells for $149 per single-user license and is compatible with Microsoft Windows versions of the Pro, Premier, and Enterprise editions of QuickBooks, 2004 and later, including U.S., UK, and Canadian releases.

Via EPR Network
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FormCalc Does Spreadsheet-like Calculations on QuickBooks Invoices, Estimates, Purchase Orders and More

For almost as long as QuickBooks has been on the market, QuickBooks users have wanted for the ability to have across-column calculations and column totals on Invoices, Estimates, Purchase Orders and other forms. FormCalc for QuickBooks, from Flagship Technologies, Inc. (www.goflagship.com), is now available to fill that need.

FormCalc lets users set up calculations which add, subtract, multiply, or divide numbers in two columns and put the result in a third column; or do math on two columns and multiply the result by another numeric value before writing it to a third column; or display a count of unique items in a column, in the Description field of any line; or provide column subtotals or totals.

The user controls where column subtotals and totals appear by identifying certain QuickBooks Items as “trigger items”. When FormCalc encounters a line containing a trigger item, it puts the column subtotal or total on that line.

Users can define any number of calculations to apply to various columns on a form, and apply all of them at once by pressing a hotkey. Also, users can define as many as ten sets of calculations. So if different calculations are needed on Invoices and on Purchase Orders, a separate set of calculations can be defined for each.

Maybe the most unique thing about FormCalc is that it works directly on the QuickBooks form, in real time, so users immediately get to see the results of calculations before saving or printing the form. There’s no need for a separate step of exporting the form’s data to do calculations outside of QuickBooks, then re-importing the data again.

What kinds of things are FormCalc users doing with it? They are calculating per-item and total shipping weights for Invoices, totaling estimated labor requirements on job Estimates, calculating board feet for lumber pricing on Invoices, showing prices in two different currencies, totaling invoiced alcohol sales quantities to meet requirements for liquor taxation record keeping, totaling the number of shirts of each size (S, M, L, XL) on an Invoice, and much more.

FormCalc for QuickBooks is priced at $99 for a single-user license, with lower per-license pricing for multi-user licenses. FormCalc is compatible with Microsoft Windows versions of all QuickBooks editions (Simple Start, Basic, Pro, Premier, Enterprise, etc.), and also with all international editions (U.S., UK, Canadian, and Australian).

Via EPR Network
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Awards Keep Rolling In As Access Wins Software Package Of The Year

Access, the mid-market consulting, software and solutions provider is celebrating today after winning ‘Software Package of the Year’ at the Accountancy Age Awards for the third year running. Access fought off stiff competition from IRIS, Mamut and Thomson Reuters to retain the crown at the glitzy awards ceremony, held at Battersea Park in London this week.

The judging panel, made up of some of the industry’s top figures, said “Access is definitely made of winning material and the figures back it up.” Another commented, “Access Dimensions represents excellent value for money, delivers a good range of functionality and is user-friendly.” On collecting the award Chris Bayne, managing director at Access said “I’m absolutely delighted that Dimensions has won this award three times in a row now. It’s a very competitive category and it just shows what a great product we offer the mid-market. We were surprised to win it twice in a row, three times is just phenomenal.”

The Software Package of the Year Award wasn’t Access’ only success on the night, with Access Finance Director, Ian Little picking up ‘FD of the Year – Growing Business’. The judges remarked “It’s clear that the last 12 months have been critical for the company and Ian has played a very influential role in its success and growth.” As he collected his trophy Ian said “To be recognised by the industry’s leading figures is a great honour. We’ve been working very hard at Access over the past 12 months to continue our growth and to develop the business further, to get an award for these achievements is really special”

It’s been a spectacular year for Access, who also won three awards at the Software Satisfaction Awards in October. “The fact we continue to win highlights the hard work of everyone at Access. This year we’ve picked up awards and nominations across our whole product portfolio, with individual awards going to some of the great staff we have here. This proves we have the best products and the best people” concluded Chris.

For more information on Access, and its consultancy and accounting software solutions contact Matt Newman on 0845 345 3300 or visit http://www.theaccessgroup.com.

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CPA Site Solutions Announces QuickBooks Online Backup Giveaway

CPA Site Solutions, a provider of websites for CPAs and accountants, has announced a one-day giveaway of its QuickBooks online backup solution on June 1, 2010. CPA Site Solutions will give away online backup service for QuickBooks files to the first 100 accounting firms and financial professionals to request it on June 1. The promotion kicks off a new service offered by CPA Site Solutions: The Protector, an online backup solution.

“Backing up your data online is critical for financial professionals,” comments Brian O’Connell, President of CPA Site Solutions. “Online backup is much more secure than traditional backup methods.”

The first 100 firms to respond not only get their QuickBooks files backed up, but they can also offer this same QuickBooks backup service to their clients. Both accountants and their clients can keep the service, without charge, for 3 years.

Additionally, CPA Site Solutions is giving away the QuickBooks backup service to each of its nearly 4,000 accounting clients.

O’Connell says, “We’re delighted to give away this service to help accountants and financial professionals.”

The Protector: Easy and Secure

CPA Site Solutions’s online backup solution, The Protector, installs with a few clicks in less than a minute. It’s fully automated – once installed, it runs on its own. Files are stored off-site, fully protected.

Data is encrypted with the same high-level security algorithm used by banks and government agencies. No one but the accountant has access to the files.

“Many small business owners aren’t backing up their files because it’s too complicated and time consuming. The Protector is a simple solution to that problem,” says O’Connell.

The first 100 accountants to respond on June 1, 2010 will receive the free service to back up their QuickBooks files. They can also choose anytime to buy The Protector, which will back up all their files, up to 50 GB, for $29.95/month. An additional 25 GB of space is available for $9.95/month.

Accountants and financial professionals who want to take advantage of this offer can visit http://www.cpasitesolutions.com/youget/cpa-website-tools/free-qb-backup-offer.php on June 1, 2010. Registration begins at 8:00 AM EST.

Via EPR Network
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Accession Technology Offers Custom Programming For Quickbooks Clients

Accession Technology is proud to announce that they now offer custom programming for Quickbooks clients. Intuit QuickBooks Software Development Kits (SDK’s) enable Quickbooks users to program custom features to their out-of-the-box software. The result is a highly affordable accounting software package with expanded functionality.

Accession Technology Offers Custom Programming For Quickbooks Clients

QuickBooks accounting software system is an easy and economical way to automate small and growing businesses. But as companies mature, they can outgrow their entry-level business solution. Accession Technology offers SDK’s as a cost-effective means to improve your software’s functionality without incurring the time and expense of a system conversion or upgrade.

SDK’s enable QuickBooks users to program custom features in their standard software, building tight integrations between QuickBooks and other software. Now QuickBooks users do not have to import files or even open QuickBooks to exchange data with these other applications. Companies that want to keep their existing infrastructure (e.g. CRM, point of sale, warehouse inventory management, etc.) can build a custom link between QuickBooks and their other software, which increases the longevity of the company’s accounting system. As a result, data retrieval is simplified and custom reports can be tailored for a specific business operation or segment.

About Accession Technology
Accession Technology, is a single source for business software expertise, offering software solutions, needs analysis, implementation, custom reports, training and support services to a wide list of clients throughout the United States. Accession Technology has more than 16 years of experience in customizing and implementing accounting and CRM software systems for small to mid-size companies in need of automation services. More information is available at www.accessiontechnology.com or for accounting softwareCRM software and QuickBooks Enterprise Solutions.

Via EPR Network
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Quicker Accounting Software Integration

Accession Technology, now offers the Applianz System Reducing the Cost and Time of Implementing Accounting software systems.

Quicker Accounting Software Integration

The Applianz System for Sage MAS 90, Sage MAS 200, Sage MAS 500 and Intuit QuickBooks Enterprise Solutions accounting software is an all-inclusive total solution preinstalled on a highly reliable network server for both existing customer upgrades and new prospects. You will have all the power and flexibility installed and running in minutes instead of days. The system arrives preinstalled with the correct operating system, user licenses, and MAS 90 Sage MAS 200, MAS 500, and QuickBooks Enterprise Solutions. The systems plug-and-play technology removes any potential complexities of integrating MAS 90 MAS 200, MAS 500, and QuickBooks Enterprise Solutions into other servers or desktop PC’s. The Applianz also gives the ability to add securely connected remote users at any time, from any location.

“By using the Applianz technology it will reduce the startup costs and provide more flexibility for our clients.” said Aric Shelko, president of Accession Technology.

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Accession Technology Has Been Selected As An Official Intuit Solution Provider

Accession Technology offers a full range of value-added consulting services for QuickBooks Enterprise Solutions®. QuickBooks Enterprise Solutions is developed by Intuit Inc., a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals.

Accession Technology Has Been Selected As An Official Intuit Solution Provider

The Intuit Solution Provider Program will enable Accession Technology to better serve regional clients and build their business through the sale, implementation and service of integrated solutions. The program’s lead offering, QuickBooks Enterprise Solutions, is a flexible and affordable business management solution designed specifically for growing businesses. The software helps businesses efficiently input, organize and access the information they need to manage finances, inventory, sales, purchasing and employees and make to key decisions for growth.

“We are very excited to have Accession Technology as an Intuit Solution Provider,” said Jim Gregg, director of Intuit’s solution provider program. “Their expertise in re-selling and supporting mid-market business software solutions and their track record for customer satisfaction make them a valuable addition to our Solution Provider network.”

About Accession Technology
Accession Technology, is a single source for business software expertise, offering software solutions, needs analysis, implementation, custom reports, training and support services to a wide list of clients throughout the United States. Accession Technology has more than 16 years of experience in customizing and implementing accounting and CRM software systems for small to mid-size companies in need of automation services. More information is available at www.accessiontechnology.com or for accounting softwareCRM software and QuickBooks Enterprise Solutions. Or if you prefer, you can call us @ 1-888-808-1117.

Via EPR Network
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BT Business Has Launched A New Web-Based Accounting Application, To Replace The Complex Software Blighting Smaller Firms

BT Business has launched a new web-based accounting application, to replace the complex software blighting smaller firms, forcing their employees to work longer hours.

xero-online-accounting

The launch of Xero, a new online tool designed for firms and their advisors, is supported by new research by BT Business which finds that almost 50 per cent of smaller business staff work extra hours to clear their current workloads, with 41 per cent admitting that they actually waste work time because of poor technology and systems.

Accessible f r o m any internet or mobile connection, Xero is aimed at helping businesses access, update, review and control their finances in the downturn anywhere, f r o m any device. The simple, software-as-a-service (SaaS) package will provide customers with 24/7 secure online access to bank transactions, invoices, reports, VAT returns and management reporting.

Chris Lindsay, general manager at BT Business applications, said: “Customer feedback is that traditional accounting packages are complicated to use, and can only be accessed while in the office. As a result, managers put book keeping off and spend too many late evenings or weekends in the office. Owner managers tend not to be finance experts, and dread having to file their accounts with these systems. The research shows that employees are working harder and longer during the downturn anyway, so we hope that Xero users will instantly be more productive and redress an often dire work/life balance.”

Xero is available as a free 30 day BT Business trial. Features include a real time dashboard of a firm’s transactions, online accrual to keep book-keeping up to date, daily bank reconciliation function, web-based accounting f r o m anywhere with an internet connection, expense claim processing and reporting for financial advisors.

Andrew Sandiford, head of Business Advisory and Assurance at Target feels that Xero eliminates all the problems of not feeling ‘part of the client’s business’ for his accountants: “With Xero, you can access a client’s accounts at any time. More importantly, you know you are looking at the same ‘version’ of the accounts as the client because there is only one ledger. Xero is fantastic for us, as it means we can offer ‘real-time’ advice, basing our recommendations on the up-to-date financial data we can see.”

Delivered as SaaS, Xero can also be implemented quickly without the upfront licence fees, maintenance or upgrade costs associated with on-premise software. Cloud computing applications like Xero reside online and are accessed by a simple web browser. Businesses only pay for the resources they use.

BT Business provides everything f r o m hands e t s to applications to help smaller firms work, share and manage common operational processes including Ribbit for Salesforce which is designed to improve sales team productivity, eSignature and CRM systems salesforce.com, Netsuite and SugarCRM.

About BT
BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2009, BT Group’s revenue was £21,390 million.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and a s s e t s of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

Via EPR Network
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Cpasitesolutions Announces A New Exchange Server Hosting For Accountants

CPASiteSolutions (www.cpasitesolutions.com) today announced the addition of a new Microsoft Exchange Server hosting service. This new service provides the advantage of the leading enterprise-level email solution to accountants at a fraction of the cost of a locally-managed Exchange Server.

According to Brian O’Connell, President of CPASiteSolutions, “email is becoming the number one communication tool for accountants and Microsoft Exchange is the number one email management systems for business.That’s why we are providing a low-cost, hosted solution for our clients.” To this end, CPASiteSolutions’ Exchange Hosting includes redundant email backups, full-featured spam and virus protection and complete access to mail through web browsers, desktops and mobile devices.

Along with email, CPASiteSolutions Exchange Hosting also provides full access to calendar and contact sharing, which allows users to exchange schedules and contact lists across their entire firm easily.

This new service starts at just $9.95 a month per mailbox and is available through CPASiteSolutions at any of their three service levels. Each service level also includes a professionally designed site, over 3,000 pages of content, secure, encrypted file transfer, and a full suite of online marketing services for CPA and Accounting Firms.

Via EPR Network
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Welcome to EPR Accounting News

EPR Accounting News is a new blog, part of EPR Network, that is going to be focused on and will be covering the accounting news and stories from press releases published on EPR Network.

EPR Network (EPR stands for express press release) is one of the nation’s largest press release distribution networks on Web. The EPR’s nationwide network includes 12 State based PR sites, one major PR forum and a number of industry specific PR blogs and what started as a hobby on Internet years ago turned out to be a rapidly growing business today. EPR Network is also known as one of the most trusted (human optimized, published, edited and monitored, spam/scam/low quality PR content free) PR sites on the web with more than 10,000 company and individual press releases distributed per month. EPR Network is putting your press releases on top of all major search engines’ results and is reaching thousands of individuals, companies, PR specialists, media professionals, bloggers and journalists every day.

EPR Network has thousands of clients around the world including global 500 corporations like Hilton Hotels, Barclays Bank, AXA Insurance, Tesco UK, eBay/Skype, Emirates, just to name a few. The network’s PR web sites are currently reaching from 150,000 to sometimes 500,000 unique visitors per month while our viral reach could possibly go to as much as 1M people per month through our presence across various social media sites. EPR Network was established in 2004 and as of May 2008 it had more than 800,000 press releases (pages) published on its network.

If you have a press release to be distributed, you can do it over here: press release distribution