Sections
accounting
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1.8KInvestmentsSEC Probes WeWork For Potential IPO Violations
The U.S. Securities and Exchange Commission (SEC) is reportedly looking into WeWork to determine whether the embattled company violated financial rules while...
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1.3KRetailUnder Armour Defends Reputation Amid Allegations Of Hiding Soft Sales
Under Armour CEO Kevin Plank has responded to allegations that he borrowed business from quarters in the future to mask slowing demand...
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3.0KB2B PaymentsCreDec Adds Real-Time Payments To Xero
Payment service provider CreDec is integrating real-time payments capabilities that will allow small and medium-sized businesses (SMBs) and their accountants to bypass...
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3.8KSecurity & FraudJustice Department, SEC Investigating Under Armour
Baltimore-based Under Armour is being probed over its accounting practices by the U.S. Securities and Exchange Commission (SEC) and the U.S. Department...
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2.4KB2B PaymentsRedCloud Launches OCR-Driven Payment Solution
RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. London-based RedCloud allows...
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2.1KB2B PaymentsBig Four Seek Guidance On Trade Finance
Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that...
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2.3KSecurity & FraudNews Of KPMG Audit Triggers Spike In Wirecard Shares
Shares in digital payment company Wirecard went up almost 7 percent on Monday (Oct. 21), following news of an independent audit by...
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3.2KB2B PaymentsOpen Banking Expands Its Horizons For Small Business Finserv
The evolution of financial services has opened the door for open banking to take place. While in the U.K., Europe and elsewhere,...
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3.2KSecurity & FraudAuthorities Demand Accounting Details From Germany’s Wirecard
After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about...
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2.2KB2B PaymentsCodat Pulls SMB Accounting Into The Open Banking Fold
Small business (SMB) accounting FinTech Codat is teaming up with five°degrees to join its Open Banking partnership, according to Verdict on Tuesday...
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2.2KB2B PaymentsUK Tightens Accounting Standards As Corporate Collapses Continue
More high-profile corporate collapses in the U.K. have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian...
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2.4KInvestmentsTipalti Raises $76M In Series D Led By Zeev Ventures
San Mateo accounts payable automation startup Tipalti won $76 million in a funding round led by Zeev Ventures. Also participating were Group...
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3.5KPayment MethodsStripe Expands European Presence
San Francisco-based Payments startup Stripe is rolling out its services in eight new European countries, the company said in a press release...
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2.4KB2B PaymentsXero Integrates BP Fuel Card eInvoices
Small business cloud accounting company Xero has announced BP as its latest – and largest – partner to join Xero Connect. Scoop...
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3.6KSecurity & FraudMadoff Whistleblower Has GE On The Defense
Boston-based General Electric (GE) is defending itself against accounting fraud alleged by the same whistleblower who called out Bernard Madoff’s Ponzi scheme,...
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3.4KB2B PaymentsRevolut Taps Xero For SMB Expense Offering
Challenger bank Revolut is launching a new product for its small business customers. The U.K. company announced in a blog post on...
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2.5KB2B PaymentsRoadSync Streamlines Logistics Payments With QuickBooks
Logistics payments platform RoadSync is syncing into QuickBooks to boost transaction efficiency for its users. A press release reported by AJOT this...
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2.4KB2B PaymentsBig Four Accountancies Fail UK Audit Test
All of the U.K.’s so-called Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have reportedly failed to reach audit...
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3.6KB2B PaymentsCambridge Global Payments Automates X-Border AP
FLEETCOR-owned Cambridge Global Payments has announced the launch of its Invoice Automation Solution. Cross-border commercial payments and FX management firm Cambridge Global...
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1.7KB2B PaymentsSMBs May Get More Time To Adopt New Accounting Standards
Financial regulators are considering allowing smaller businesses (SMBs) more time to comply with sweeping changes in lease accounting standards, which experts have...
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2.8KB2B PaymentsAmaiz Debuts Mobile Banking App For Startups
U.K. FinTech Amaiz is rolling out a mobile business banking app for entrepreneurs, announced in a blog post this week. The solution...
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3.0KB2B PaymentsBrex Integrates With Accounting Platforms
Commercial card startup Brex has announced the launch of a portal to connect cardholders to accountants. In a press release Thursday (June...
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3.3KB2B PaymentsPwC: Next Auditing Giant To Overhaul Business
PricewaterhouseCoopers is the next Big Four U.K. auditing giant to overhaul operations amid growing regulatory scrutiny on the industry. PwC is reportedly...
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1.9KB2B PaymentsSEC’s Top Accountant Role Left Vacant Ahead Of Standard Changes
As the Securities and Exchange Commission (SEC) readies to implement sweeping changes in accounting standards, the agency’s top accounting role has been...
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3.1KB2B PaymentsNew Details Emerge On Chinese Pharma’s $4.3B Fraud
New details have surfaced about how a Chinese pharmaceutical conglomerate overstated its cash position by about $4.3 billion. Bloomberg reported on Wednesday...
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2.2KB2B PaymentsUK Financial Watchdog Ramps Up Auditor Oversight
U.K. financial watchdogs have stepped up their oversight of the accounting and auditing industry amid a string of corporate accounting scandals, collapses...
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2.6KB2B PaymentsAccountants Sound Off On Wolters Kluwer Cyberattack
A cyberattack at accounting firm Wolters Kluwer that left its accountant clients unable to access a portal necessary to do their jobs...
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3.2KB2B PaymentsKPMG Won’t Split Accounting, Auditing Units
Despite recommendations from a U.K. authority, KPMG revealed it would not split up its accounting and auditing units. However, starting on June...
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2.2KB2B PaymentsChinese Firms Missing $6B In Cash
Regulators are taking action after more than $6 billion in cash has disappeared from the books of two Chinese companies, according to...
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2.7KB2B PaymentsDespite FY19 Losses, Xero Shares Surge
Small business accounting firm Xero saw its financial losses widen for the 2019 fiscal year, yet shares surged for the company as...
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3.1KB2B PaymentsWhy The Back Office Should Pay Attention To The POS
The journey of digitizing the enterprise created a whole new set of unique challenges in business operations. One of the largest was...
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5.0KB2B PaymentsWolters Kluwer Cyberattack Spreads ‘Quiet Panic’ Through Industry
A malware attack at accounting software company Wolters Kluwer wreaked havoc on the firm this week, as reports stated the cyber event...
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2.9KB2B PaymentsShould Auditors Be Responsible For Catching Corporate Fraud?
Tensions are running high in the U.K. corporate auditing arena. Amid calls to break up the so-called Big Four auditors – PricewaterhouseCoopers,...
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4.1KB2B PaymentsIntuit, ADP Strengthen Cross-Platform Integration
Human capital management solution provider ADP is deepening its integration with Intuit’s small business accounting platform, QuickBooks, to streamline data connectivity between...
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3.2KB2B PaymentsFreight Firm Celadon Settles Accounting Fraud Claims
Indianapolis-based freight trucking company Celadon Group has agreed to pay its investors $42.2 million after filing false financial statements and lying to...
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4.2KB2B PaymentsClickBank Teams Up With Fully Accountable On eCommerce Accounting Services
Global digital marketplace ClickBank has announced a partnership with Fully Accountable to offer a full suite of specialized accounting services for small and...
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5.4KStartupsBookkeeping Startup Pilot Lands $40M From Stripe, Index Ventures
Bookkeeping startup Pilot announced it has closed on a $40 million Series B round led by Index Ventures with participation from Stripe. The...
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3.7KB2B PaymentsPilot’s Human/Tech Combo Takes On SMB Back-Office Frictions
Multinational conglomerates, mom-and-pops, sole traders — businesses of all sizes across all industries must manage the books. More often than not, accounting...
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7.9KB2B PaymentsWhy Small Business Owners Should Always Have An Exit Strategy
Hundreds of thousands of new small businesses (SMBs) open their doors every year in the U.S., be them physical or digital. The latest...
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4.4KB2B PaymentsUK Study: Businesses See Fraudsters As ‘Ahead Of Industry’
In the UK, might the fraudsters be getting ahead of the firms they are bilking? A recent study from Vocalink points to...
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3.3KB2B PaymentsWhy Corporate Lease Management Is Headed For An Overhaul
Along with regulatory action from tax reform and tougher Know Your Customer (KYC) rules adding the pressure of complex red tape, public...
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4.5KB2B PaymentsAccounting’s Evolution Leads Xero To Petition For Oxford Definition Change
Xero has started an online petition to convince The Oxford English Dictionary to change its “archaic” definition of the word “accountant.” The...
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4.1KB2B PaymentsCrowe Launches Cash Management Solution For Hospitals
Accounting, consultancy and technology firm Crowe is rolling out a new solution designed for hospitals to automate daily bank reconciliation processes and...
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6.7KB2B PaymentsB2B eCommerce A Favorite Among Investors
With more than $65 million placed with B2B FinTech firms this week, it wasn’t the most lucrative roundup for the industry. Yet,...
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4.6KB2B PaymentsCountingup Rounds Out SMB Services With Invoicing
U.K. challenger bank Countingup is adding invoicing services to its suite of offerings for small and medium-sized businesses (SMBs), the company announced...
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4.5KB2B PaymentsSmall Businesses At The Center Of Bots Vs Accountants
Behind many shifting trends in small business (SMB) financial services — the rise of FinTech service providers, the emergence of artificial intelligence...
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5.2KAmazonSEC Eyes Amazon Prime Data
Amazon has reportedly refused to disclose information about Prime memberships to the U.S. Securities and Exchange Commission (SEC) after it was asked...
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5.1KB2B PaymentsPatisserie Valerie Fallout Continues With Late Supplier Payments
The fallout from the alleged accounting scandal at U.K. café chain Patisserie Valerie continues, with the firm’s delayed payments to suppliers causing...
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3.9KB2B PaymentsNo Breakup For UK’s Big Four Accountancy Firms
The U.K.’s Big Four accountancy firms — KPMG, PwC, EY and Deloitte — have escaped a forced breakup from the Competition and Markets Authority (CMA),...
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5.1KB2B PaymentsYoung SMB Owners: Bigger Goals, But Less Clarity On Finances
When considering the differences across age groups of entrepreneurs, digitization and technology adoption often come to mind first, with younger small business...
