Reveals increases in R&D spending, iTunes revenue and profit
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.
Dunn, Beatty, Gollogly not guilty of financial misstatements
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.
Accounting app tracks sales, banking, customers
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.
Handles e-mail 'pay stubs,' employee info
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.
Improved interoperability, better navigation
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.
From check register to complete accounting tool
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.
Progress billing, retainer management onboard
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.
2010 version adds improved searching, auto-updates
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.
Corona 3 update
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.
Mac accounting coming
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.
AccountEdge NE updated
MYOB US has announced the latest update to AccountEdge Network Edition for Mac, which will enhance the speed of recording transactions in the small business accounting software's network version. The July 2008 product update is the first of two sets of major speed enhancements for the Network Edition. Benchmarking conducted by MYOB showed an average of 20x speed increases over six categories with the phase one changes. One transaction type reached 28x and the slowest of the six categories still reached 14x times faster than in Network Edition version 2008. The product update is free to all version 2008 customers.
Liquid Ledger 2.1.2
Modeless Software today unveiled Liquid Ledger Personal Finance 2.1.2, an update to its personal accounting package that brings with it over a dozen fixes and improvements. Details on the fixes were sparse, but the developer said that it has improved multiple currency support, check printing, generating reports, as well as general usability and workflow. The update is free for existing users, available through the Check for updates feature in Liquid Ledger, while new users can download a 60-day trial. The full version of Liquid Ledger is $60 for a downloadable copy, and $80 for a physical CD.
Cognito has released a new version of MoneyWorks Datacentre, the enterprise version of the MoneyWorks family of accounting products, which includes a plug-in for Mac OS X Leopard’s Quick Look feature and allows Apple's iPhone and iPod touch to communicate directly with MoneyWorks files. A Quick Look preview can be generated automatically whenever a MoneyWorks accounting file is saved, allowing the user to subsequently see a snapshot of the financials directly in the Finder in Mac OS X. As the preview is generated by a MoneyWorks report, the user can customize the information that is shown.
MYOB US today unveiled the latest version to its small business accounting software, AccountEdge 2008, introducing a new command center, better Mac OS X App integration, and more. The company says the redesigned command center is more than just a cosmetic fix, offering quick-access task drawers that store common functions. AccountEdge 2008 can now integrate with both iCal and .Mac services, allowing users to set reminders and to-dos, and to back up their accounting information to iDisk. A new enhanced search function allows users to search contacts, items, transactions, and other databases for information such as postal codes, item descriptions, and first name, among others. MYOB AccountEdge 2008 is available directly from the company's online store for $300, and requires a G3 with 128MB of RAM running Mac OS X 10.3.9 or later.