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HostBooks Enters The SMB Accounting Arena

PYMNTS

San Francisco-based HostBooks is stepping into the small business (SMB) accounting software industry, announcing Thursday (Jan. In its announcement , HostBooks aimed to differentiate itself from industry leaders, including QuickBooks and Xero , by emphasizing its focus on automation.

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Paper Financial Records Raises Corporate Security Risks, Clutch Warns

PYMNTS

One-quarter of small businesses continue to record financial data on paper instead of keeping digital records, according to a new survey by Clutch, a B2B ratings and reviews firm, and the tactic is exposing these companies to security risks. Of those companies, 74 percent say they use Quickbooks.

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Accountants Reveal Small Businesses’ Biggest Financial Mistakes

PYMNTS

In a survey of more than 500 small and medium-sized business (SMBs) accountants and bookkeepers, business and financial software company Intuit found a few factors that frustrate the profession. It surpassed a lack of use of accounting software and not keeping on top of bills, cited by 60 percent and 57 percent, respectively.

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4 Steps to Choosing an Accounts Payable Software that is Compatible with QuickBooks

MineralTree

Thankfully, the right accounts payable software can help businesses streamline their payment processes, reduce manual errors, and improve efficiency. QuickBooks is a popular accounting software for small and mid-sized businesses. However, the standard format of QuickBooks AP can be quite manual and time-consuming.

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How SME Accountants Can Compete With Software

PYMNTS

Like an aftereffect of a sci-fi film, the rise in automation within corporate financial teams has led to fears and anxiety: Will humans no longer be needed in the accounting department? Automation and accounting software may be to blame, the publication said. Could accounting Software-as-a-Service lead to the same?

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Breaking Down Stripe Fees: A Quick Guide to Stripe Fees For E-commerce Businesses

Snyder

So today, Stripe can help various companies process their financial transactions, including e-commerce, online/offline retail, B2B/B2C platforms and marketplaces, SaaS, non-profits, etc. Stripe fees are, by nature, expenses, and they can be tax deductible, so it’s critical to correctly categorize them in accounting.