QuickBooks Launches Tool for Sole Proprietors
Intuit, the company behind QuickBooks, has introduced QuickBooks Solopreneur, a new tool specifically designed for one-person businesses. This tool provides users with transaction management tools that categorize business and personal transactions for easy review. Users can connect bank accounts, import spreadsheet data, track mileage, create customized invoices, and estimates. Additionally, users can access reports, dashboards, set trackable goals, view insights, and receive recommended actions. The tool also automates mileage tracking through the QuickBooks mobile app, categorizes business trips for tax deductions, and facilitates tax preparation and filing directly within QuickBooks.
Sovos Unveils Compliance Cloud for Tax and Regulatory Reporting
Sovos, an accounting solutions provider, has launched Sovos Compliance Cloud, a comprehensive platform that combines tax compliance and regulatory reporting software. This solution enables users to connect to internal and external data and systems, including government tax authorities, via the Sovos Compliance Network. It offers various features such as identity verification, tax determination, tax reporting, and data analysis to ensure accuracy and compliance.
Valid8 Introduces Stories Feature for Financial Insights
Valid8, a provider of forensic accounting and financial intelligence solutions, has added a new feature called Stories to its software. This feature allows users to group transactions into collections for better understanding of financial activities over time and across locations. Stories enhance Valid8’s AI capabilities, enabling users to identify questionable transactions, collaborate with other investigators, and develop case narratives for financial investigations and disputes.
KPMG Patents AI-Powered Transfer Pricing Tool
KPMG, a leading professional services firm, has patented an AI-powered transfer pricing tool to assist clients in optimizing tax strategies and reducing potential tax audits. The technology leverages artificial intelligence to automate data mining, identify comparable companies for transfer pricing applications, and provide strategic insights for tax planning. This tool aims to enhance tax compliance, planning, and value chain analysis for businesses.
ADP Marketplace Offers AI-Powered Solutions
ADP, a global provider of human resources solutions, has announced the availability of AI-enabled integrated partner solutions on ADP Marketplace. These solutions leverage machine learning to meet clients’ HR needs, ensuring compliance with AI principles regarding human oversight, monitoring, explainability, and bias mitigation. The initiative reflects ADP’s commitment to bringing AI innovations to HR practitioners, managers, and employees.
Docyt Launches Docyt University for AI Accounting Training
Docyt, an accounting automation solutions provider, has launched Docyt University, an online platform offering educational materials for training on advanced AI accounting tools. The curriculum includes self-paced video tutorials, live webinars, and step-by-step guides taught by industry experts. Upon completion, participants receive CPE credits, badges for LinkedIn, and networking opportunities within the accounting community.
Danielle S. Cheek Appointed Head of Analytics and AI at Caseware
Caseware International has appointed Danielle Supkis Cheek as Vice President, Head of Analytics and AI. With over 15 years of experience in public accounting and leadership roles, Cheek will drive Caseware’s analytics, data, and artificial intelligence strategies to deliver innovative solutions for global clients.
Partnerships and Integrations in the Accounting Tech Industry
- iDenfy partners with Bestshopping.com for KYC verification
- Xero collaborates with Sumday for carbon accounting
- Mylo selected by 1-800Accountant for business insurance solutions
- DocuPhase secures investment from Aquiline Capital Partners and Level Equity
- Patriot Software and Vestwell host webinar on tax benefits for small businesses
- Icertis achieves $250 million in annual recurring revenue through AI contract intelligence solutions
Stay tuned for more updates and insights from the tech world of accounting!
