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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Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
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