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Tag - Accounting
Closer analysis of the financial reports Apple has filed with the SEC reveals that some accounting changes the company made to increase transparency in its reporting of some expenditures and revenue has also revealed increases in both investments and profits in various divisions. The company increased its investment in Research & Development (R&D) by a full 33 percent in the December quarter, about the same as it did the year before. The reclassifications show that iTunes as a business is about the size of Microsoft's Windows and Office businesses.
A Canadian court today acquitted three former executives from Nortel Networks on charges they had misstated Nortel's financial results from 2000 to 2004. Frank Dunn, Douglas Beatty, and Michael Gollogly -- Nortel's former chief executive, chief financial officer, and corporate controller -- were accused of misstating the company's earnings over the four year period and benefiting to the tune of 12.8 million Canadian dollars ($13 million) between them in bonuses. The men had faced up to 10 years in prison over the charges.
Acclivity has released AccountEdge Basic for Mac, a slimmed-down offering of its professional software, now simply called AccountEdge. The AccountEdge Basic app, geared towards small businesses, tracks sales with customizable quotes, orders, and invoices, providing an accounts receivable tracking system while managing both banking and customer contacts. It uses command centers to organize sales, banking and accounts, with a card-file system to track customers, employees and vendors. The command centers and card file form the primary menu bar for the app.
Intuit today released an iOS app companion to their Online Payroll service that allows employers or accounting professionals to handle computing hours and paying employees both hourly and salaried, from anywhere with an internet connection. Accountants can choose which clients they will run payroll for, and employers can enter hours, preview paychecks, look up employee info and pay employees through manual check printing or direct deposit, with e-mail notifications, electronic "pay stubs" and other record-keeping tasks automatically handled.
Cognito Software has given its flagship product an efficiency makeover with MoneyWorks 6, a cross-platform, internationally-friendly accounting and business management system that is sold in four different editions for different needs. Version 6 brings a number of general improvements, ranging from a new customizable dashboard for instant statistical analysis to greater interoperability with other programs like iWork and Daylite.
Like the restaurant business, software houses rarely last. While quite a few become household names, and others make a comfortable living, many more fail. Corona, the accounting software package from Designer's Domain, is celebrating its tenth anniversary by making the product available in two new ways: as a download from the Mac App Store, and as a printed CD-ROM with full manual.
Acclivity has released an update to its small business accounting software, launching AccountEdge 2011 today. The premier feature of the new update is integration with AccountEdge Mobile for iPad and iPhone, with the iOS apps launching alongside the update. The new iPad app is launching with the release of AccountEdge 2011 and the iPhone version will arrive shortly. The iOS apps will sync cards, items, jobs and activities, while creating quotes, orders, billing for services or time and record expenses. The iOS apps communicate with the desktop software via the online storage service Dropbox.
Acclivity has released an update to its small-business accounting software, AccountEdge 2010. The software handles purchasing, payrolls, inventory management, banking, business contacts and sales tracking. It features over 100 business templates, all of which can be edited to match specific needs of various businesses. It can import and export files and work out budgets spanning several years. The utility also allows users to print checks and make electronic payments.
Designers Domain has released an update to its general ledger and payroll accounting software, Corona 3. The company has integrated a new data engine that is claimed to offer performance improvements. The interface has also been updated, including a new sidebar for journal, descriptions, and queries. The auto-complete feature now works with the description, account and title fields, while users can also take advantage of a drag-and-drop function to carry data from the price list to invoices and purchases.
QuickBooks Online will soon be available for the Mac community and both Safari and Firefox support is expected, according to its development leader. In QuickBooks's community forum, Thai Bui, QuickBooks Online Product Development Leader, explains that development is progressing, as they work to port the small business online accounting service from Internet Explorer. "We are actively working on making our product compatible with other browsers (including Safari)." Internet Explorer's underpinnings differ from Safari and Firefox, Bui explained.
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Apple to open R&D center in India
A new report says that Apple will be opening a new technology center in Hyderabad, India, helping to boost the city's growing reputation as a tech center. The facility would operate within the WaveRock facility, and create 4,500 new jobs at a cost of around $25 million. In 2015, India surpassed the $1 billion in yearly sales milestone, and Apple has recently received permission to open retail stores in the country under its own control, an exception to rules that usually block foreign ownership. http://zd.net/1SMBVu4
Google killing Picasa starting May 1
Google Photos head Anil Sabharwal confirmed in a blog post today that the search engine giant will be shutting down acquisition Picasa. Support and downloads for the desktop application will terminate on March 15 with the application continuing to work for the time being. The transition to Google Photos truly commences on May 1, with deprecation of some Picasa API calls happening shortly thereafter. Users that have Google Photos access will find their photos already migrated. A mass-download tool for users not wishing to use Google Photos will be available sometime after May 1. http://bit.ly/1SmV2KH
Rogue Amoeba Piezo updated, departing App Store
In order to continue working on audio capture tool Piezo, developer Rogue Amoeba has simultaneously updated the app to version 1.5, and announced that it will pull version 1.2.6 from the Mac App Store. Customers who own the Mac App Store version have a one-time migration process to the Rogue Amoeba-served version. The company notes that the sandboxing restriction placed on Mac App Store versions "effectively stopped our ability to upgrade Piezo in any meaningful way." [8.80MB] http://bit.ly/1PIjz7l
FCC spectrum auction will happen without Google
After throwing its hat in earlier, Google (and associated companies) has declared that it is not participating in this year's FCC spectrum auction. A company spokeswoman said of the auction that "like all those interested in improved connectivity and equitable access, we'll be following the upcoming spectrum auction closely. That said, we have not filed to participate." http://on.recode.net/1oy5LWk
iPad Air 3, iPhone 5se sold Friday after launch?
Reverting the way products are actually released by Apple after an announcement to the way it was a decade ago, reports are circulating that new products revealed at a March announcement will go on sale the Friday immediately following the unveil. Slated to appear at a conjectural Tuesday, March 15 event are a new Apple four-inch phone with more up to date internals currently referred to as the iPhone 5se, and a new iPad Air 3 model with Smart Connector and other enhancements. http://bit.ly/1o7mqiY
Lexmark prevails in toner import appeal
Printer manufacturer Lexmark has won an appeal on the third-party US resale of its printer cartridges originally destined for markets outside North America. The appeals court ruled in a 10-2 vote in favor of Lexmark's demand to stop the sale and against Impression Products, both on the toner cartridge resale matter, as well as a related matter regarding overturning the reseller's refilling one-use cartridges and selling those in the US market. The ruling has ramifications in the tech industry, as well as the pharmaceutical and medical technology markets. Impression Products promises an appeal before the supreme court. http://reut.rs/1SLVmmG
AT&T expands BOGO promo to iPhone 6s
Beginning today, new and existing AT&T customers can purchase a new iPhone 6s and get another one free when adding a second line. Over the weekend, customers must purchase two phones through AT&T Next (one can be an existing number), and add both phones to a qualified plan. AT&T notes that "after three bill cycles or less" the account will start to receive up to $650 spread out over 30 monthly bill credits to offset the cost of the installment plan for the phone. Taxes are due at time of sale. http://soc.att.com/1SLUP4k