Accounting news stories - Page 2

BlackLine has made a number of its services complimentary as it looks at ways it can help accounting teams operate during the COVID-10 pandemic. 

Invoices can be paid instantly with Square and are automatically recorded in Xero, reducing admin time for businesses.

Accounts payable automation streamlines the invoice processing workflows in an organisation, Upstream Solutions says.

Most businesses across Asia Pacific will spend much of 2020 trying to work towards full compliance with the IFRS 16 lease accounting standards, as organisations tackle major challenges.

HR leaders are now under more pressure than ever to effectively manage and develop their people as they encounter a new world where technology is reshaping every job.

“More businesses are opting to take the guesswork out of provisional tax in favour of the greater certainty that AIM provides."

New Zealand’s accounting industry is ‘dying’ – and it’s a case of innovate or fade away before automation displaces traditional business accounting entirely.

MYOB awards high-performing accounting practices, partners and individuals across Australia and New Zealand.

The program is designed to provide an even greater level of expertise and service to enterprise and mid-market customers undergoing digital financial transformations.

In the accounting department, robotic process automation sees automation software running on a workstation perform many of the tasks formerly carried out by accountants.

"Money management and cash flow are always one of the biggest concerns for small business owners. When you're working up to seven days a week managing sales, people, marketing and regulations, then fast, simple access to finance is crucial."

"The quantification of cyber risk is not easy, but this is an area where financial professionals must take the lead given cyber attacks are a constant and success almost a given."

The cloud-based finance and accounting solution provider is aiming to expand its local presence with the appointment of a dedicated NZ executive.

Users are invited to trial the new program, that promises to halve the amount of time spent on the compliance process.

“Our growth is an indication of the strength of the small business economy across Australia and New Zealand,” says Xero’s managing director of Australia and Asia, Trent Innes.

MYOB claims that it is now the fastest growing cloud accounting business across Australia and New Zealand, after taking on 205,000 new subscriptions in just 12 months.

Chartered Accountants Australia and New Zealand (CA ANZ) has called on some of Australasia’s notable innovation communities to help future-proof the accounting industry.

Version 5 enhances system security and gives customers the ability to electronically file GST returns.

Four students from the University of Auckland scooped the top award at MYOB’s IT Challenge finals for their simple and intuitive cashflow calendar designed for small- and medium-sized businesses.

The Awards were held last night on the eve of Xerocon Brisbane, and this year they were even bigger than ever.

Xero will pay US$70 million (NZ$ 103 million) to acquire Canadian-based cloud bookkeeping firm Hubdoc.

CEO Clive Rabie will step down as CEO, to be replaced by current MD Sam Allert.

Making the most of cloud solutions is about more than a lift-and-shift of your processes.

“At the heart of Xero’s automation vision is to augment humans, not replace them.”