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What to Look For in an Outsourced Accounting Firm

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A business should be looking for a mix of strong experience, technology, and reputation when enlisting the services of an accounting firm. . Read on for recommendations and tips regarding outsourcing the best accounting firm for the job. Billing functionality (revenue recognition, sales and use tax, spend management).

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MYOB Acquires Half Of SMB Accounting Firm Reckon

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Reckon , an Australia-based small business (SMB) accounting company, has reportedly sold off key assets to industry peer MYOB. 16), Reckon Chief Executive Clive Rabie described the company’s sale of its accounting practice software unit to MYOB as losing the “jewel in the crown” of the company.

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How Accountants' AR Builds A Better Client Experience

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Not only do legacy AR processes create inefficiencies for accountants and their organizations, but according to Anduin Co-founders Justin Adams and Pat Morrell , they are also adding pain to the experience of accountants' own clients. But this environment doesn't just mean that accounting firms' AR operations are facing friction.

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Xero Partners With Square For Faster B2B Payments

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Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Xero also summarizes point-of-sale Square sales, including tips, surcharges and taxes. and Ireland.

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Report: EY Whistleblower Called Out Wirecard For Fraud Years Before It Went Bankrupt

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An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud and one had tried to bribe an auditor, the Financial Times (FT) reported. Wirecard paid the Emerging Market Investment Fund 1A 340 million euros ($399 million).

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Wirecard Administrator Sees Strong Interest From Potential Buyers

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Jaffe said sale processes are underway for other international holdings as well as Wirecard’s core business, the news service reported. The administrator said most of the firm’s customers were “being constructive” and interested in a speedy sale process. billion never made it into two Philippines banks.

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Wirecard Seeks Forensic Investigation Into Its Collapse

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Wirecard AG, the German payments company fighting for survival, has hired a forensic team to investigate the accounting scandal that led to its insolvency, sources told Reuters. The news service reported that sources said a dozen Wirecard subsidiaries in Singapore, Indonesia, South Africa and Turkey are for sale.