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) New Businesses Can Reduce Risk With Web-Based Accounting Systems
Unlike other web-based accounting software, Xero has been designed specifically with non accountant business owners in mind.
“We set out to create an online bookkeeping system that would have all the advantages of software delivered over the internet, but which would be a pleasure to use," says Hamish Edwards, co-founder and UK MD of Xero. “Often, businesspeople and entrepreneurs see accounting as a bit of a headache, but by designing a web-based accounting system that looks great and is intuitive to use, we think they'll see it in a new light."
Xero is a great product for any company where workers or advisors (such as investors or accountants) are based in different locations. Everyone who needs to can view the company accounts online, making collaborative planning much easier. More>> - (
) PROPHIX to Showcase Corporate Performance Management Solutions at
Accountants attend to comparison shop for accounting software solutions with on-floor demos and consultations. Admission to the event is free to those who pre-register at www.financialtechnologyshow.com. Additional information on all events PROPHIX Software is attending can be found at www.prophix.com/news/events/.About PROPHIX Software
PROPHIX Software is a leader in delivering performance management solutions including budgeting, planning, forecasting, reporting, consolidation, personnel planning and other advanced financial functions. PROPHIX Software maintains an outstanding reputation with its customers by consistently delivering tangible value and exceptional ROI, with a lower total cost of ownership. For more information, visit www.prophix.com.###
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) Slash Your Accounting Costs By Converting To A Modern Accounting Model
Price comparisons show that small businesses can save up to 78p in every £1 spent on traditional accounting software packages - such as Sage, Quickbooks and IRIS – by converting to online accounting software (see end for price comparison table).
For many small businesses the saving associated with switching to online accounting is almost £600 in the first year. However, if total cost of ownership of the software is also included (i.e. the cost of a server to host the software, upgrades, back ups and maintenance) then savings could easily reach thousands of pounds per year. Then, in addition, there are further savings to be made from the increased efficiency gained from being able to work more closely with your accountant in an online system.
Mark Davies, managing director of e-conomic, commented: “Almost everyone has been affected either directly or indirectly by the credit crunch. More>> - (
) Tax Rebate Rewind: TurboTax Makes it Easy for Qualifying Taxpayers
1-rated tax preparation software from Intuit Inc. (Nasdaq: INTU), makes it easy for taxpayers to see if they're eligible for a recovery rebate credit, even if they received a rebate in 2008. It will also tell them exactly how much money they have coming.Taxpayers may be eligible for a rebate check when filing their 2008 tax returns if they:
Filed a 2007 tax return, but didn't qualify for a rebate, or qualified for less than the full amount due to their income, dependents or filing status. Had a financial or other life change in 2008, such as getting married, having a baby, or a significant change in income."Getting every dollar you deserve has never been easier, or more important," said Bob Meighan, CPA and vice president with TurboTax. "TurboTax automatically determines whether you qualify for a rebate and then tells you how much to expect based on your 2008 taxes."Eligible taxpayers will likely receive their rebate check in 2009 after filing their 2008 tax return. More>>
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) Novell Narrows Loss
Novell product revenue from Identity and Security Management was $37 million, with Identity and Access Management accounting for $35 million, up 11%.Product revenue from Systems and Resource Management was $45 million, up 15%.
Workgroup product revenue totaled $92 million, down 6%.
For the full fiscal year 2008, Novell lost $9 million, two cents a share, on revenue of $957 million with income from operations of $5 million. Last year it lost $56 million on $932 million.
This time it came in close to the mid-point of its guidance.
For the full year, product revenue increased 8% partially offset by a services revenue decline of 20%, attributed to a charge in focus to product revenues. It reported $129 million of product revenue from Open Platform Solutions, $120 million of which was from Linux, up 38%, better than the market. More>>