News (1965)

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Rippling Expands EOR Program 2

 Rippling has expanded its Employer of Record program to eight new countries. The change is part of the latest monthly release of the office application.

With EOR, a user can establish a legal entity in a country outside the United States, giving the user the ability to hire and pay employees in other countries. The latest additions are Colombia, Costa Rica, Denmark, Israel, New Zealand, the Philippines, Switzerland and Turkey.

In addition, Rippling is providing hourly workers with a weekly break down of pay on paystubs so they can see hours worked, including overtime, for each of the weeks included in the pay period.

Users can now down payroll comparison data as a CSV file. Rippling says it has also provided more efficient time-entry CSV imports for Time an Attendance since users can automatically reconcile timestamps based on the employee’s timezone and

filter down to a specific set of imported entries and delete only those 

They can also import thousands of entries in seconds, versus 30 minutes.

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Xero Posts COVID-19 Resources

Resources, information and product offers for North American businesses coping with the global COVID-19 pandemic are being offered by Xero. The cloud software company has made them available  through a resource page​ that helps organizations understand what government support they can access.

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Vertex Plans Initial Public Offering

Sales tax software company Vertex ramped up spending this year, the company reported to the SEC. The figures are shown in the S-1 form filed as the company announced plans for an initial public offering.

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Intuit Names New Council Members

Eight new members have been named to the Intuit Accountant Council. The group meets virtually, as well as periodically at Intuit’s Silicon Valley headquarters for what the company says is “an inside look at the company’s strategy, product development, programs and services.”

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BDO: NFPs to increase Technology Spending

Nonprofits responding to the COVID-19 break are increasing spending on technology, according to a recent survey by BDO USA. The survey found 64 percent of 200 leaders polled in the firm’s Nonprofit Standards benchmarking service say they will invest in new products this year.

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Canopy Adds Time Tracker

Canopy has updated its time timer to separate time tracking from billing. The recent updates to the software also include the ability to enter new time entries with no start or end time. 

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AICPA Survey: Majority Sought PPP Money

Fifty-six percent business executives responding to the survey by the American Institute of CPAS reported their companies applied for funds through the Payrheck Protection Program. The results were result publishedin the AICPA Business and Industry Economic Outlook Survey, conducted from May 5-27 produced 1,198 qualified responses.

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Block Launches Wave Money

H&R Block’s Wave Financial unit has introduced Wave Money. The recently debuted product offers banking and bookkeeping features for small businesses.

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Bill.com Makes $535M Follow-on Offering

Bill.com’s follow-on public offering of 7 million shares at $74.53 per share will dwarf the amount the payments company raised via its initial public offering. The proceeds of $535 million top the December IPO which netted the company $225.5 million.

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Intuit Suspends Auto QBO Updates

Intuit has stopped automatically upgrading users of QuickBooks Online to the QBO Advanced edition. Alex Chriss, the EVP who manages Intuit’s small business and self-employed group, noted the move recently.

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Intuit Cancels QB Connect

Intuit has cancelled its annual conference, QuickBooks Connect. The conference website this week promises “something new and exciting is coming” but does not say anything about  the details of a likely virtual version.

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