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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>> - (
) Employee faces trial over theft of $30000
In other cases, amounts were recorded in the accounting software, but smaller amounts were actually deposited. Those include $6,343 in receipts from eight home basketball games, $4,500 from the junior Winter Ball, $3,022 from the Moonwalkers' Night at the Races, a $4,000 athletics cash advance and smaller amounts from sports physicals, candy sales, hoagie sales, T-shirt sales and other fundraisers.According to the affidavit, school officials contacted the DA's office in March, leading to the criminal investigation. Ms. Quel was arrested in July. She is free on her own recognizance.
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) IDOX FY08 pre-tax profit surges - Update
On segment-wise, the Software business doubled its revenue in the year, accounting for 80% of group revenues, compared to 64% in the last year. The Solutions business contributed 8% of group revenues, while revenues in the Recruitment business represented 13% of group revenues.
Moving ahead, IDOX stated that it continue to be vigilant on its cost base going into 2009 and expect to incur a small restructuring charge in 2009 as it finalise the integration of its acquisitions.
Additionally, IDOX said it has commenced the new financial year well, with sales visibility ahead of 2008, a leading position in its core market, an excellent suite of products, strong recurring revenues and a healthy balance sheet, and added that this is a good starting position from which to face a very challenging year for the UK economy. More>> - (
) UPDATE 2-Intuit cuts outlook, sees small business cautious
The company cut its fiscal 2009 forecasts for sales of QuickBooks accounting software and for revenue from payroll and bill payment processing services, as its small business customers get squeezed by the deepening recession.The software maker noticed there hasn't been an inflow of new QuickBook users, which normally occurs during periods of economic downturn, and its payroll and bill payment processing service was hit by lower merchant transaction volume, said Intuit CEO Brad Smith.
"Today's environment is certainly different than what we anticipated," Smith said on a conference call with analysts.
For the fiscal second quarter, which ends on Jan. 31, Intuit forecast earnings per share, excluding some tax items, of 40 cents to 42 cents, below Wall Street expectations of 46 cents, according to Reuters Estimates. More>>