Bob Scott, Executive Editor, The Progressive Accountant and Suzanne Corbo, QVinci Software discuss the company’s financial reporting platform. The platform which takes in and consolidates files from multiple versions of QuickBooks, including QuickBooks Online, allows large franchises and multiple client accounting firms to view records side by side, conduct vertical analysis and where multiple groups are present, benchmark, all in a single application. Corbo also shares insight on the company’s cloud based reporting capabilities and the File Heath Check, a program searches for common accounting errors.

Those who have been around long enough probably remember it took tax and accounting firms a long time to move from DOS to Windows. After all, DOS-based products worked well for their businesses.  The situation is similar with the move from desktop software to web-based applications—those well-used on-premise products are working very well. But clients are increasingly moving to the cloud and so are professionals. And while that transition is not as rapid as many would have anticipated, and software publishers would have liked, there is no doubt the direction is  toward the cloud.

Sponsored By:

The National Society of Accountants has issued a "Tax Practitioners Bill of Rights" in response to the proposed $838 million cut in funding for the Internal Revenue Service. This initiative was developed in the last few months and the NSA hopes the Bill of Rights will establish a timely enactment of tax laws and regulations.