Accounting

Sage North America has introduced its new Sage Exchange Payment Management System, which is designed to help small and midsized businesses (SMBs) by consolidating all of their payment activity onto one platform. SMBs can also use Sage Exchange to easily monitor and manage the payments from all their sales environments: on the web, over the phone, through mobile devices, or at their storefront.

When Intuit introduced a new design for its products, it was aiming for a harmonic look and feel across its solutions that made it easier for users to use. But, it didn’t just stop there. The maker of financial management solution decided they wanted to make business easier for small business owners.

Xero is a micro-business SaaS accounting platform which is well established in Australia and New Zealand, and was launched in the U.S. in 2012. The company has made significant investments in personnel to compete with other small business accounting software providers in the U.S. market, and has hired a long list of industry veterans to manage its U.S. operations, including Peter Karpas (U.S. CEO), Jamie Sutherland (U.S. President), Ian Vaicin (U.S. VP- Marketing and Product) and many more.

Wave Accounting is part of Wave Apps, which is a suite of free or low-cost apps for self-employed individuals and micro-businesses to accomplish traditional accounting tasks like billing customers, recording payments, writing checks, and downloading transactions from financial institutions.

Intuit QuickBooks Online was one of the first online small business financial management applications when it was launched in 2000. The application has expanded to include many new features over the years, and it is now available in more than 10 languages and 100 countries.

Two prominent accounting firms on New York's Long Island will join together beginning June 2, 2014. Combined, the two have more than fifty years of experience and the newly formed firm of CondeBoyce, LLP will unite the small business startup expertise of Mario Conde, CPA, formerly partner in the accounting firm of Ambrico Conde CPA, LLC, with Joseph Boyce, CPA, whose consulting practice specialized in outsourced CFO services for hedge funds. CondeBoyce, LLP is slated to become one of the leading full-service accounting firms in the New York metropolitan area. The company offices are located in Jericho, Long Island and New York City.

It all has to do with the current tax rules for business entertainment. To be deductible as entertainment that is “associated with” your business, the activity must take place immediately before or after a substantial business discussion. Usually, this means the discussion has to be on the same day as the entertainment, but it could occur either the preceding or following day if the clients are from out of town.

Increases in the total compensation that financial executives receive, including salaries, incentives and benefits, may foretell a turning point in the country’s economic recovery, according to the results of a new survey by Grant Thornton LLP and the Financial Executives Research Foundation (FERF).