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The article discusses Macy's accounting disaster, where $151 million was hidden due to software weaknesses in their accounting controls. The company admitted to a material weakness in their internal control over financial reporting, caused by a single employee making erroneous accounting entries. Experts highlighted the lack of safeguards in enterprise accounting systems, emphasizing the need for stronger controls and human oversight to prevent fraud and errors. The article warns CIOs and businesses against relying solely on software controls, advocating for robust accounting tactics and tools to minimize exposure to similar issues. [Extracted from the article]

The article evaluates the TAC Insight's Fast-Weigh software offered by TAC Insight.

Gmail for business Gmail labels can serve as your secret weapon againstinbox chaos. On the Gmail desktop website, all you've got to do is hitthe three-dot menu icon in the service's compose window andlook for the "Label" option in the list that appears -- thencreate a new label right then and there or select anyexisting label to apply it. [Extracted from the article]

Presents information on tips in installing accounting software systems and the role to be played by a software executive. Factors to consider when shopping for an accounting software; How to choose the right project manager in implementing the software; Steps for assessing business process. INSETS: Case studies in accounting systems implementation;Before you start: A checklist.

Presents various accounting software products available as of spring of 1996. Includes 1996 CD-ROM Tax Library from Lacerte Software; Nelco's Business Builders; BNA's Fixed Asset Management System; Features; Contact information.

Presents information on auditing and accounting software. Includes A-Plus-Tax; ABRAPay from Abra software; A-T-F Payroll from Advanced Micro Solutions Inc.; Accountant's Trial Balance for Windows from AICPA; Bass Payroll from Business and Accounting Software Systems Inc. and Abra Software; DATAIR Employee Benefit Systems' Modular Solutions; BizPlan Builder.

Focuses on accounting software packages for calculating corporate budgets, consolidation of spreadsheets and creation of financial models. Ability to reduce time and effort to do planning and budgeting; Integration of corporate strategic objectives with operational plans; Usability and product support. INSET: Should you, or shouldn't you, wait?.

Comments on the profitability of companies using computer software to account for the movement of inbound and outbound goods. Statistics on transportation costs spent by Fortune 500 companies; Details on how tracking software benefits a company's finances. INSETS: IT in logistics.;Transportation software: Who's driving..

The article focuses on the use of radio frequency identification systems (RFID) in several nuclear facilities in the U.S. It mentions that RFID can be used in tracking objects and maintaining an accurate inventory of materials in the facilities through the use of labels, which can be read from one inch to several hundreds of feet away. It also cites information to which RFID is used in a Nuclear Generating Station (NGS).

The article reviews several professional tax and accounting business software including Atlas/Intelliconnect from CCH, Financeworks from Intuit Inc. and GruntWorx Pro from Copanion Inc.

Discusses the opportunity open for accounting firms that package and sell their intellectual property. Observation that the best means an accounting firm can use to capture its intellectual property and commercialize it is software; Expertise of David Smith, former managing partner of PKF, in developing and selling software that enhanced Solution 6's range of products for accountants; Suggestion of entering joint ventures with other companies as an alternative way of meeting the capital costs of software development.

The article reports that EgyptAir has signed a contract with Lufthansa Systems to use its Sirax revenue accounting system. EygptAir the second carrier in the region to use the system after Royal Jordanian Airlines. Sirax controls accounting by checking ticket sales against specific flight data and allows paperless billing of code-share flights.

Features several computer software for accounting applications. A.Plus.Tax; Abrapay; A-T-F Payroll; Bass Payroll; BizPlanBuilder; BNA fixed asset management system; BNA income tax spreadsheet; International operations risk analysis; E-Form; CLASI; Flash 1040; LMS/Tax; MIP Fund Accounting.

Discusses the applications of computer software in accounting systems. Shift from outsourcing to insourcing; Companies capitalizing on the trend toward insourcing of software systems for financial applications; Comparisons between insourcing and outsourcing; Problems with outsourcing; Payroll, profit-sharing and pension plan applications. INSET: ADP responds to the insourcing threat, by Paul Pinella..

Presents a question-and-answer advisory on the use of accounting software in libraries in the U.S. Use of IBM-compatible personal computers for accounting; Maintenance of financial records for non-profit organizations; Restrictions on the heading materials of libraries.

Presents information on the `Boot Camp' accounting program from Results Accountants' Systems (RAS) of Brisbane, Queensland. Paul Dunn and his presentation style; Cost of the boot camps; Their success in the United States and Britain; Need to find presenters as good as Dunn and Ric Payne to grow; Software developed by the company. INSET: `Never go down the mine' turned out good advice..

Presents the final article in a series of three on small-practice accounting firms profitability. New technology enabling wider and better services for clients; Adding graphics to reports; Problems with accounting software and specific programs; Comments from accountants; Statistics on how bigger firms make money. INSETS: E-mail traps.;Working by clockwork..

The article discusses changes to way Value-added tax (VAT) is submitted will affect businesses with turnover and mentions that HM Revenue & Custom (HMRC) has given details on who is eligible to opt out. Topics discussed include changes in business which will be having digital financial records, need of keeping an electronic record of all business transactions by farming businesses, and need of investment by farmers on specialist accounting software .

The article narrates how Australian small business accounting software provider MYOB is gearing up to take its systems to the computing cloud and the social media world despite the fact that most of Australia's businesses still do their accounting manually. It says that the company is implementing the shift in anticipation of a time when the technology will be adopted. It adds that MYOB considers this move as part of its commitment to support small businesses.

The article focuses on the use of the web-based accounting software as a service (SaaS) which is expected to change the delivery of accounting services and costs in the accounting industry in Australia. It mentions that the software offers the most cost-effective way to enhance the accounting services of small and micro businesses. It adds that the software can help improve the data security in the accounting industry like when transferring data from the customer to the accountant.

The article discusses the development of the Extensible Business Reporting Language (XBRL) in Australia. It cites that XBRL is a standard for defining and exchanging business information in extensible markup language (XML)-based format. It explores the standard's functions as wells as its impact on the accountancy profession and other businesses. Moreover, it is noted that the federal government would run a trial for XBRL in 2008 as a preparation of its adoption of the standard.

The article reports on the move of Fulton County, Pennsylvania, to change its accounting system. In July 2006, the county selected Sage MIP Fund Accounting software from Sage Software and contracted with NonProfit Technologies to install it. In January 2007, the system went live across most county departments.

Discusses how problems in running an accounting practice can often be solved by an outsider skilled in finding ways to use existing software better. Services offered by Best Practice Solutions; Advice from technology consultants Ron Drost and Janette Munday; Step-by-step plan prepared by Munday to overcome the technology problems experienced by a firm.

Focuses on the efforts of business intelligence (BI) and enterprise application vendors to offer services and products to improve financial accounting. Influence of BI platforms on accounting practices; Plan of Sagent to unveil an information integration offering; Benefits from BI financial solutions.

Evaluates the eCRM 5.0 accounting software from the company Accpac International. Views on the customization features of the eCRM graphic user interface; Costs; Criticism on the software. INSET: THE BOTTOM LINE.

Focuses on accounting-software firm MYOB's efforts to persuade accountants to stay with its products in Australia. Problems with MYOB Tax; Failure of accountants to get through to MYOB's customer support; Firm's struggle to find support staff with the right qualifications and experience.

Focuses on the problems with Peoplesoft Incorporated's procurement and inventory management system that municipal departments in Los Angeles, California use. Purpose for installing the system; Details on the memorandum issued by the city's Office of Administrative and Research Services on May 11, 2001; Cause of the problems.

Provides information on `The CTS Guide to Accounting Software for Construction,' a construction software from CTS. Savings from using the software which selects the best accounting package for a construction firm; Features of the software; How to use the software.

Focuses on SOP 98-1, `Accounting for the Costs of Computer Software Developed or Obtained for Internal Use,' Generally Accepted Accounting Principles written by the American Institute for Certified Public Accountants (AICPA). Impact of the principles on the way companies report profits and losses; Estimated percentage of companies that wrote off software purchase and development costs as expenses; Implication of the principles on information technology.

Focuses on the use of information technology as an accounting software package for businesses with personal computers. How accounting is done by some small businesses; Reference to the exercise grunt-master Treadwall and how the manufacturer of the product does accounting; Significance of the accounting software from Intuit personal computers and QuickBooks; Details on the connection between information technology and accounting software.

Focuses on personal computer-based consolidation and reporting software systems. IMRS Inc.'s Micro Control, a DOS-only program, and Hyperion, a Windows product; Comshare Inc.'s Commander FDC; Capabilities; Platinum Software Corp.'s local area networked version of Platinum; Comments of user companies; Forecasted growth. INSETS: Accounting for data consolidation.;The high road to consolidation..

Reports on computer software upgrades announced at the SoftEx accounting software show in Burlingame, California. Open Accounting System software from Coda Inc.; Release of Scala for Windows by Scala USA Inc.; CDI Purchasing module unveiled by Concepts Dynamics.

Presents information on the merger of accountancy software house Ceedata Systems Pty. Ltd. and the practice consultants Results Accountants Systems (RAS) in Australia. The companies to form a new organization, Xlon; How the merger is a smaller version of those occurring in the United States; Advantages of the merger; Comments from executives at RAS; Needless complexities involved in forming only an alliance; The market for accounting software.

Presents information on Australian accounting consultancy Perks & Associates and their software program Focus for Results. Comments from founder Greg Perks; Details on the structure of the firm; How the software output could create more referrals from lawyers since it makes the needs of clients explicit.

Reports on the problems facing Pratt Industries group credit controller Peter Lloyd following Platinum Software Corp.'s decision to stop supporting the software chosen by Pratt for Lloyd's accounts-receivable system implementation project. Platinum's advertisements featuring Lloyd; Aim of the system; Problems with the old system; Statements from Lloyd.

Reports on the Accounting Systems International (ASI) World Group's creation of a network of resellers linked by a standard approach to implementing core client/server accounting applications and a uniform fee structure. Competition with the Big Six accounting firms and software vendors' own direct sales forces; Customer list; ASI's emphasis on accounting applications.

Features several new and upgraded client/server suites for accounting applications. Platinum Software's Platinum for Windows; Great Plains Software's Great Plains Accounting for DOS version 8; Avista Software Inc.'s Avista Financials.

Reports on accounting software developers' alliance with workflow technology developers. Edify Corp.'s linking of its Electronic Workforce with PeopleSoft Inc.'s client/server applications; Timeline Inc.'s plan to integrate its financial consolidation and reporting software with Centre-file's WinWork workflow software for Windows NT; Other accounting software providers that have integrated workflow into their offerings.

Reports on information systems' caution toward accounting software. Assessment of client/server financial applications; Experimentation with accounting packages at the departmental level; Reasons for cautious approach.

Reports on Cyma Systems Inc.'s unveiling of its first Windows product, Cyma IV/Accounting for Windows. Initial four-module composition; Features; Compatibility; Target market.

Reports on Platinum Software Corp.'s unveiling of the Windows version of its Platinum line of accounting software. Acropolis Software Inc.'s Acropolis Accounting for Windows; Local-area network-based accounting software.

Presents an overview of several accounting client-server software products which aim to bridge the gap between PC and Unix. Computer Associates International Inc.'s AccPac Plus for Windows; Great Plains Software's Corporate Dynamics and Dynamics C/S+; Coda Inc.'s Open Accounting System (OAS); Solomon Software's Solomon II for Btrieve; Systems Union Inc.'s SunSystem for Windows NT; Contact information.

Presents several accounting software packages for mining's financial managers. Platinum; Solomon IV; Mincom; J.D. Edwards; American Software; Response to widespread dissatisfaction among users of current mainframe- and client/server-based accounting systems; Survey of mining companies regarding their financial/accounting systems.

The article focuses on the VistaTrac software from Schoneman Inc. which provides monitoring and labeling services to growers to comply with the Produce Traceability Initiative (PTI). The software also facilitates inventory control and workflow process. Schoneman Inc.'s owner Steve Schoneman offers consultation services on how to go through with the technology to benefit from its usefulness. It also discusses how Vistrac conforms with majority of standard accounting software.

The article focuses on a project to update the accounting system of the government agency WorkForce Central known as the Tacoma-Pierce County Employment & Training Consortium based in Tacoma, Washington. WorkForce Central chief financial officer (CFO) Lance Mertz stated that the financial reporting system of the agency was previously problematic. The remotely hosted version of the Sage MIP Fund Accounting software from Sage North America was selected for the project. The new system allows the agency's accountants to generate reports in multiple ways.

The article offers news briefs related to the economy of Australia. Chartered accountant PKF International Ltd. warns smaller and private businesses to check their carbon dioxide exposures and advises them to comply with the National Greenhouse and Energy Reporting Act. Australian Taxation Office (ATO) recovers 313 million U.S. dollars from tax liabilities and penalties for 2008. The QuickBooks Online accounting software from Reckon Ltd. was already available in the market.

The article features MYOB, the fifth placer in "BRW" magazine's list of the top five listed Australian information technology companies. MYOB, which offers accounting software, earned $17.3 million in the year ended June 30, 2006 with a staff of 1,200. It was founded in 1991 by Craig Winkler and has grown to a firm that owns 65 percent of the small business accounting software in the Australian market.

The article reports that the accountancy software company MYOB has announced a $182.3 million revenue in 2006, which represents a 13 percent compared to 2005. Its competitor Reckon posted a nine percent increase in revenue to $45 million. However, Reckon was more profitable than MYOB in the year to December 31, 2006.

The article discusses the findings of a study revealing that many accounting firms in Australia are not planning to change accounting software providers despite having some problems. Out of 75 respondents, only 19% said they had changed software providers. Only 12% said they were planning a change. Companies said that changing software providers can be difficult.

The article introduces accounting and statistics software products developed by New Jersey-based Ideas International Inc. for energy industry applications. Some of the products are IDEAS International Oil and Gas Accounting System, IDEAS Supplier Relationship Management and IDEAS Partner Relationship Management. Included information are the software developer's address, contact numbers, email address and web site.