Imagine this. Your firm starts receiving calls and emails from clients saying they've been the victim of tax refund identity theft. Sure, you've seen a few of these cases and have a process in place to assist clients, but this appears to be different. The volume of victims is far more than what you'd ever expect.

Bookkeepers have emerged as technology leaders and are adopting modern technologies quickly. That is one of the conclusions of the State of Bookkeeping Practices 2016 Survey, which was sponsored by Bill.com.

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If you’re like most manufacturing and distribution companies, you’ve started out with a hodge podge of manual and siloed systems to manage your business. Chances are, you use accounting software to record transactions, post them to the general ledger and generate income statements and balance sheets. A variety of spreadsheets, software and manual processes manage your sales, manufacturing, distribution and other operations.

Microsoft has previewed Project Madeira, which introduces accounting within Office 365. Madeira, a code name, targets businesses with roughly 10 to 99 employees. The company says the cloud-based product, which does not have a public release date, will not compete with its Dynamics software products.