Accountant pleads guilty in Roslyn schools theft scandal
ROSLYN, N.Y. — Andrew Miller, 56, the outside accountant hired for bookkeeping at the super-affluent Roslyn, Long Island, school district, has admitted to sneaking into the district’s office to help cover up the alleged theft by administrators of $11.2 million in public money, and pleaded guilty to a felony charge of tampering with public records. The case led to a statewide overhaul of school-district financial reporting rules. Miller will get no more than 6 months in prison and 5 years of probation when he is sentenced Jan. 11.
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Major upgrade with over 100 advanced feature enhancements
Pleasanton, Calif. (News Release) – Sage Software announced today that the new U.S. version of its award-winning business management solution for growing small businesses, Sage BusinessVision 7.0, is now available. This release includes over 100 enhancements to the application, such as expanded database tables and fields, a new user interface for improved ease-of-use, a new database for faster performance, better data management capabilities, and easier third-party application integration, plus extensive new reporting features. READ MORE →
NCR and FedComp Now Offer the PayCycle Online Payroll Service
PALO ALTO, Calif. — PayCycle, a leader in on-demand payroll, today announced two new partnerships designed to further extend its reach to small businesses via financial institutions.
Through PayCycle’s partnership with NCR Corporation’s eCommerce organization, NCR’s community bank customers will be able to provide their small business users access to the PayCycle payroll service directly from their Web sites. FedComp, the largest provider of data processing and credit union accounting systems, will offer PayCycle within its market-leading credit union software which serves over 2,500 credit unions nationwide.
Earlier this year, PayCycle announced similar partnerships with Digital Insight, the leading consumer and business online banking provider for banks and credit unions, and BancSource, a provider of banking services throughout 8 western states.
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Washington, D.C. – Scott Taub, who has served as the SEC’s deputy chief accountant since September 2002, has been named Acting Chief Accountant for the SEC, succeeding Donald Nicolaisen.
SEC chief Christopher Cox still needs to fill several key posts, including that of PCAOB chairman.
Before joining the SEC, Taub was a partner in the Professional Standards Group of Arthur Andersen in Chicago. He also served as a professional accounting fellow with the SEC’s Office of Chief Accountant from June 1999 through June 2001, and is a 1990 graduate of the University of Michigan in Ann Arbor. READ MORE →
Overwhelming Majority Favors Separate Compliance Standards for Small Businesses Versus Large Enterprises
NEWTOWN SQUARE, Penn. (from SAP) — Nearly half of all small companies feel that Sarbanes-Oxley (SOX) regulation has made it harder for them to successfully conduct business, according to a recent study commissioned by SAP America, Inc., a subsidiary of SAP AG (NYSE: SAP). The study, which comes on the heels of a decision by the U.S. Securities and Exchange Commission (SEC) to delay compliance requirements for small businesses by one year, brings to light the opinions and difficulties faced by small-business decision-makers managing SOX-related processes at public and private small businesses nationwide. More than two-thirds of all small businesses favor differing sets of compliance standards for small and large companies, while others are outsourcing or cutting back in areas such as marketing, research and personnel to meet compliance demands. READ MORE →
With financial executives off-loading finance work to accounting firms, both sides may be profiting.
by Rick Telberg
At Large
You’d better watch out. Companies are looking for you? big companies. And they want to hit you with some money? big money. Why you? Because you’re an accountant. You know money. Finance. Numbers. Technology. You can be trusted with somebody else’s payroll. Their accounts receivable. Their payables. Their purchasing, revenue accounting, general accounting. These are the activities that big companies most often outsource, and lately they’ve been outsourcing like never before. READ MORE →
Softrax Contrax 2.4 Delivers Capabilities for Efficiently Managing Subscription-Based Business Models
Press Release: Softrax Corporation
CANTON, Mass. — Softrax Corporation, a leading provider of revenue management solutions, announced the release of a major upgrade to its Contrax solution. Softrax Contrax 2.4 automates all the billing and revenue recognition accounting for companies with periodically recurring contracts, subscriptions and complex services.
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