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: 94.19 ( -0.99 )
Apple mandates June 1 app IPv6 support
Apple has set the deadline for IPv6 support for App Store-supplied software. On June 1, apps thast use a custom networking stack and that are submitted to the app store must support IPv6-only networks. The rule, announced last year as coming soon, will only affect a small portion of submitted applications that do not use the NSURLSession and CFNetwork APIs. http://apple.co/24yBTIY
YouTube Unplugged OTT service coming 2017?
As part of the continuing YouTube evolution, the video streaming service is reportedly considering a paid subscription service that would provide users "over the top" cable TV service. According to sources familiar with the matter, the service has been in the works since 2012, has already made changes to accommodate the live video feeds, and could debut the offering as soon as 2017. http://bloom.bg/1rvx8BW
Kohls Apple Pay integration with loyalty program
Kohl's customers are now able to pay for their purchases with Kohl's Charge and simultaneously earn loyalty program Yes2You Rewards in conjunction with Apple Pay. The service is currently available in approximately 250 Kohl's stores and is expected to be in all Kohl's stores nationwide later this month, making Kohl's the first retailer to deliver a one-tap checkout that integrates both its private credit card as a form of payment and a loyalty program with Apple Pay. http://yhoo.it/21wEUI6
AirMap iOS app for drone operators
Provider of airspace information and services for unmanned aircraft AirMap announced today the release of the AirMap app for iOS and Apple Watch. Operators can now access low-altitude airspace advisories, create flights, file digital flight notices to over 80 airports, and manage unmanned aircraft. Building on the success of AirMap's Digital Notice and Awareness System (D-NAS), the AirMap app brings to iOS devices a fully integrated airspace management solution for recreational and commercial drone operators. The app is free. http://apple.co/21wCadD
BlackBerry video calling available on iOS
BlackBerry has made its video calling feature available to Android and iOS users. The company reports limited availability of the new cross-platform feature for now, citing "because this is the first time we're launching BBM Video calling, and we want to monitor performance, gather feedback, and iron out any kinks that may arise before we roll it out globally." http://blck.by/1ruu4pC
Apple loses iPhone brand exclusivity in China
Apple has lost its exclusive rights to the 'iPhone' brand in China, the Beijing Municipal High People's Court has ruled. According to Quartz, Chinese company Xintong Tiandi is now free to continue selling its non-smartphone "IPHONE" branded products, which include smartphone cases, among other leather goods. The Chinese court ruled that Xintong Tiandi, which registered the "IPHONE" trademark in 2007, could continue to use the trademark because Apple did not start selling the iPhone in China until 2009. Apple also could not prove that Xintong Tiandi's ongoing use of the trademark would cause Apple material harm. The latest ruling by the Chinese government follows its recent decision to shut down the iTunes Movies and iBooks Store. http://bit.ly/1SNhRmB
Bowers & Wilkins bought by EVA Automation
High-end UK audio equipment maker and fixture in Apple retail stores Bowers & Wilkins has been bought out by a California "smart home" tech firm, EVA Automation. Fomer Bowers & Wilkins owner Joe Atkins will continue as CEO of the joint venture, with EVA Automation founder Gordon Yu acting as executive chairman. The two companies said the merger will combine EVA's AV technologies and Bowers & Wilkins' acoustic engineering talents to grow the now-combined firm. Terms of the deal were not disclosed, and it is expected that the Bowers & Wilkins brand name will continue. http://yhoo.it/1SLt6zj