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.
Now AAPL Stock: 93.59 ( + 1.55 )
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE
French show carries on with iPhones
Following a prolonged power loss in a French TV studio, the crew was able to use a combination of limited studio lighting and a number of iPhones to continue taping the Saturday episode of talk show On n'est pas couché ("We're Still Awake"), using the resulting footage in the first edited episode. The Plus-model iPhones used for the impromptu shoot completion were either iPhone 6 Plusses (which shoot in 1080p) or 6s Plus models (which can shoot in 4K). The decision to use the iPhones to complete the show was made after a power outage at France 2's studio stretched to more than three hours. http://bit.ly/299wqDt
Scrivener for iOS to arrive in late July
For some long-time Scrivener users, to quote Paul Simon, "these are the days of miracle and wonders." As it marks its 10th anniversary in business, developer Keith Blount has announced that the long-awaited iOS version of his creative-writing tool Scrivener is to be submitted to the App Store, following strong praise from beta-testers. The program, expected in late July, will sell for $20 and work with both the iPad and iPhone. When we interviewed Blount last January, he added that Scrivener 3 for Mac would follow along shorty afterwards. http://bit.ly/2901XLE
WhatsApp now handles over 100M calls daily
WhatsApp is celebrating that it is being used for over 100 million calls every day. In a brief notice, the Facebook-owned messaging platform advises the voice-calling feature it rolled out to its users last year now deals with an average of over 1,100 calls initiated per second. Earlier this year, it increased the security of its calls and other messages, by introducing end-to-end encryption on all platforms. http://bit.ly/292HqCX
Adele's '25' album now streaming
Recording artist Adele has "pulled a Kanye" after saying that her current album "25" would not be available for streaming. The seven-month-old record, which has yielded a number of hit singles, is now available for streaming on all the major streaming services, such as Apple Music and Spotify, as of today in most major markets, with worldwide distribution to come. Reportedly, the singer had demanded streaming be limited to paid subscribers -- a condition that has hurt some streamers with artists, who aren't paid royalties for free or trial listens . Apple pays performers its normal royalty rates during its free trial, avoiding the issue -- and having repeated success in both signing up exclusives and placing those exclusives into the top of the charts. http://ti.me/28U7NOu
SanDisk iXpand case has battery, storage
A new iPhone 6 and iPhone 6s case from SanDisk appears to be the "holy grail" of accessories: a stylish and protective case that offers both extra storage as well as the option of extra battery power as well. The iXpand Memory case offers either 32GB, 64GB, or 128GB of additional storage incorporated into the case, and an optional add-on battery pack (sold separately) adds up to an extra day or more of charge. Through the associated iXpand app, camera photos and videos can be automatically stored on the extra storage, optionally password-protected, The cost for the case is (in order of storage capacity) $60, $100, and $130. The battery pack's release data has not yet been announced, but the add-on should retail for an additional $30. http://bit.ly/291epHu