The Progressive Accountant

Xero Getting Foothold in Top Firms

Rod Drury, XeroXero, which makes Internet-based accounting applications, says it is making significant progress at top accounting firms in the United States. In a slide in presentation about its results for the year ended March 31, the company said it that "Over 10 of top 100 accounting firms in process of moving clients to Xero." However, the company has not provided details.

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BANK INTEGRATION ADDED TO SAGE ONE

Sage One

Bank integration has been added to Sage One, the low-cost, Internet-based accounting system from Sage. The integration works with more than 10,000 banks and financial institutions. Users link as many bank accounts and credit cards with Sage One as they wish.

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California CPA Gets 18-Month PCAOB Ban

Rehan Saeed, CPAA California CPA who is also a lawyer has been barred from associating with any registered accounting firm for 18 months by the Public Company Accounting Oversight Board. The PCAOB also censured Rehan Saeed for backdating concurring partner review documents for two clients after they had filed financial statements with the SEC. Read more...

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