In this issue
May 25, 2016
2016 Tech Trends for Accounting Firms
Five IT Infrastructure and workstation trends for firms to consider as they evaluate system upgrades this summer.
May 24, 2016
The RIVIO Clearinghouse Is A Game Changer for the Accounting Profession
I've been reporting on the accounting profession since Andersen was in the Big Five, Sarbanes and Oxley were just drinking buddies in DC, Enron was a company where great careers were made, and the PCAOB wasn't even a figment of anyone's imagination.
May 24, 2016
The Push for a $15 Minimum Wage
As more politicians and union-affiliated groups push for higher minimum wages, employers need to prepare now for the significant financial, compliance, and regulatory challenges these changes bring.
May 24, 2016
2016 Overview of WASP AssetCloud
www.wasbarcode.com Ed. Note: AssetCloud is a new product and was not assigned star ratings in this review, due to it’s primary focus on asset inventory tracking. AssetCloud from WASP was just released in April of this year. AssetCloud is designed for users that wish to track assets on a variety of devices including iOS, Android,...…
May 24, 2016
2016 Review of Thomson Reuters Fixed Assets CS
CS.ThomsonReuters.com Best Fit: Fixed Assets CS works well with accounting and CPA firms that currently offer asset and depreciation management services to numerous clients. Fixed Assets CS can be used as a stand-alone fixed asset management program, but works best with other applications in the CS Professional Suite from Thomson Reuters. The product also works...…
May 24, 2016
2016 Review of Sage Fixed Assets
www.sage.com/us/sage-fixed-assets Best Fit: Corporations, nonprofit organizations, and government entities that need to manage a large amount of assets in-house. The product can also be used by accounting firms that current manage client asset and depreciation. Product Strengths: Product is available online or can be installed locally Offers excellent asset management capability Integrates with other Sage...…
May 24, 2016
2016 Review of Bloomberg BNA Fixed Assets
www.bnasoftware.com Best Fit: BNA Fixed Assets is well suited to accounting firms of just about any size. Scalable, the product can work well for accountants handling fixed asset reporting for multiple clients, to larger businesses wanting to manage fixed assets in-house. Product Strengths Scalable product is available as a desktop and SaaS product Contains numerous...…
May 24, 2016
2016 Review of CCH ProSystem fx Fixed Assets
CCH ProSystem fx Fixed Assets offers both asset and depreciation management functionality, and is well-suited for accountants handling asset management for multiple clients. The product can be used as a stand-alone product, or in conjunction with ...
May 24, 2016
2016 Review of Pro-Ware Asset Keeper
www.proware-cpa.com Best Fit: Pro-Ware Asset Keeper is a good fit for mid-sized accounting firms, as well as businesses of any type looking to effectively manage their Asset Keeper. As an added convenience, Pro-Ware Asset Keeper will operate on both Windows and Apple operating systems. Product Strengths Easy system navigation Product offers excellent reporting capability...…
May 24, 2016
2016 Review of Fixed Asset Management Programs
Fixed asset software provides accountants with the ability to manage all of their client’s fixed assets from where the machinery resides, the type of machinery located at each business location, to when that machinery needs to be serviced.
May 23, 2016
Are Your Clients Ready for Sweeping Changes in Overtime?
For businesses, this could be the next big compliance challenge following the Affordable Care Act. So it’s concerning that many employers are not fully prepared to navigate the new rules.
May 20, 2016
2016 Review of Intacct
Intacct (Internet Accounting) has the broadest and deepest feature set of all the programs reviewed. In addition to the core accounting applications, Intacct offers cash management, order management, inventory management, purchasing, project accounting, multi-entity and global consolidations, time and expense management and more. From the 2016 Reviews of Virtual CFO Accounting Systems. All of these...…
May 20, 2016
2016 Review of Xero and Xero Partner Program
Xero is a relatively new comer to the U.S. market, but is a market leader in New Zealand, Australia and the UK cloud accounting markets. Xero accounting is 100% web based software that is targeted towards small and mid-size businesses and competes directly with QuickBooks Online. Xero is marketed directly to businesses, however, Xero has...…
May 20, 2016
2016 Review of Intuit QuickBooks Online Accountant
QuickBooks for the desktop has been the undisputed market leader in small business accounting software for the past two decades. Intuit is working to replicate and exceed that success with QuickBooks Online (QBO.) QBO is a comprehensive accounting system that can be extended to meet the specific needs of industry niches through the expansive catalog...…
May 20, 2016
2016 Review of Thomson Reuters Accounting CS
Accounting CS from Thomson Reuters is part of a complete suite of accounting practice applications. The CS suite of applications is one of the market leaders in accounting firm software. The full suite includes: client accounting, payroll, tax preparation, client portal, engagement management, document management, workpaper, workflow management and more. From the 2016 Reviews of...…
May 20, 2016
2016 Review of Accounting Power by AccountantsWorld
Accounting Power from AccountantsWorld, Inc. was previously marketed as Accounting Relief for many years. They were one of the first to market in terms of providing accountants with a 100% cloud based client accounting solution. Of the five solutions we have reviewed, Accounting Power and Accounting CS from Thomson Reuters are the only two that...…
May 20, 2016
2016 Reviews of Virtual CFO Systems for Accounting Firms & Their Clients
We have reviewed five of the top selling cloud-based accounting solutions that offer a fully integrated small business accounting system, as well as the tools for an accounting practice to manage and monitor multiple clients.
May 20, 2016
Apps We Love – OMG! Apps that We Can’t (or Wouldn’t Want to) Live Without
We surveyed members of the 40 Under 40 class of 2015 to find out about the apps they swear by. Here are some of the responses we received. Kacee Johnson, founder of Blue Ocean Principles, relies on Time Buddy. “It’s a time zone converter and world clock that assists in scheduling meetings for people in...…
May 18, 2016
10 Signs Your SMB Clients Could Benefit From Sales Tax Automation
Here are 10 common “events” that could signal it’s time to make a change when it comes to how you or your clients manage sales taxes.
May 16, 2016
What Are Your Firm’s Microsoft Alternatives?
My earlier column on Microsoft strategies mentioned two other technology ecosystems to support our computing needs: Apple OS & iOS, and Linux & Android. While it is clear that the mainstream of the accounting profession in the U.S. market uses ...
May 13, 2016
Is It Easy To Do Business With Your Firm?
If your firm is like most, you are constantly looking for ways to fuel growth. The fastest and easiest way to grow is by leveraging your existing client base. And to do so you need to make sure that your base is full of happy clients.
May 2, 2016
Recognition After Tax Season: 6 Kudos Staff Will Love
Another tax season is over, and now you can catch your breath. As a manager for a public accounting firm, you may want to take off for a well-deserved vacation. But before you go, be sure to show your hardworking staff some recognition.
