Displaying items by tag: Accounting

GUEST OPINION:  With increased regulation to mitigate the impacts of climate change amid a growing societal demand for companies to step up on sustainability practices, the Australian Accounting Standard Board (AASB) has laid out the reporting standards for companies to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows.  As of 1 January 2025, the AASB mandates carbon emissions reporting for Australian companies.

COMPANY NEWS:  Avalara, Inc., a leading provider of tax compliance automation software for businesses of all sizes, today announced it has been named to G2's 2025 Best Software Awards, earning an award for G2's Best Accounting and Finance Products 2025. This is Avalara's third inclusion in G2's Best Software Awards.

Coco Hou CPA is calling on professionals working in accounting and finance to consider taking on a side hustle in bookkeeping and accounting to meet the growing demand from businesses in need of accounting services and to help earn more money to help with household bills. 

Artificial Intelligence (AI) in finance and accounting will be a key focus at the congress of the accounting body Certified Practising Accountant (CPA) to be held in Canberra from 15-18 October.

This article explores 24 business online automation operations which make use of cutting-edge technologies and creative approaches to boost productivity while cutting costs, providing entrepreneurs with a roadmap to remain competitive in an ever-evolving marketplace.

COMPANY NEWS:  SAP Account Substantiation and Automation by BlackLine, financial review option, is the latest market-leading solution extension from BlackLine to be sold by SAP

COMPANY NEWS:  Bundled software and services offerings help companies get up and running and benefit quickly from market-leading financial close and invoice-to-cash solutions

COMPANY NEWS:  Errors due to manual processing of critical finance and accounting activities identified as key issue negatively impacting trust; as a result, majority automating via AI and other emerging tech

GUEST OPINION:  Phishing, payment, investment scams and other dangerous tricks are major threats during the holiday season

COMPANY NEWS:  The certification reinforces Clio’s credibility and commitment to compliance on the world’s largest legal operating system

GUEST RESEARCH: According to 97% of accountants and bookkeepers surveyed in a new report, unrecovered out of scope work is costing Australian firms on average over $100,000 each year. What’s more, by putting off awkward client conversations, 43% say their mental health has suffered.

Financial software vendor Trintech and reseller SatoriFP&A are working together to offer an integrated end-to-end solution for the financial and accounting process.

A growing number of Australian enterprises have made the switch and, for the rest, it’s only a matter of time.

GUEST OPINION by Claudia Pirko, ANZ Regional Vice President, BlackLine:  Has your business moved some or all of its core software applications to the cloud? For a growing number of local organisations, the answer is a resounding ‘yes’.

New Zealand online-only accounting firm Beany has launched in Australia.

Cloud accounting software provider Xero has opened the Xero App Store where users can find, buy and connect Xero-compatible apps.

Epson's new RapidReceipt RR-600W receipt and document scanner aims to make life easier for small businesses, micro businesses and home users.

Telstra and MYOB have partnered in "a bid to make it easier for Australian small and medium sized business (SMB) customers to access the digital solutions they need to survive and grow, with MYOB Essentials the first business management solution Telstra offers direct to its business customers."

The competition watchdog the ACCC has raised preliminary concerns over the “substantial lessening” of competition in the accounting software market from MYOB’s proposed acquisition of GreatSoft.

Among the latest updates from accounting software provider MYOB is a browser interface for MYOB AccountRight.

Embracing solutions which are compatible with the remote working model would boost productivity for accounting and finance departments which have been forced to decentralise

GUEST OPINION by Claudia Pirko, ANZ Regional Vice President, BlackLine:  It’s been a busy few months for Australian finance and accounting leaders.