News and Analysis

News and Analysis (15665)

FISHBOWL LINKS TO AVALARA

Marshal Kushniruk, AvalaraFishbowl has written a link for its manufacturing and inventory packages to AvaTax, the cloud-based sales tax engine from Avalara. The move came as Avalara initiated a thrust into smaller businesses—including those that can be best described as candidates for purchasing Intuit's QuickBooks Self-Employed.

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RANDOM THOUGHTS: MAINE'S GOVERNOR

Paul LePage, Governor of MaineThere's a new ad campaign that plays off the episode in which Olympic swimmer Ryan Lochte trashed a bathroom in Brazil: "If you are planning on being drunk and disorderly, don't go half the way with beer. Trash the place with a snout full of vodka." We can look forward to less likelihood of the same behavior at the Winter Olympics in two years. Get drunk and fall down there and you might end up as part of the ice rink

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QB ONLINE AND DESKTOP GROW

Brad Smith, IntuitI get the feeling that if Intuit started selling a line of hair spray labeled "QuickBooks" that it would quickly dominate the market. Everything appeared to be working well as the software company reported results for the year ended July 31. Net income hit $969 million, a 165-percent increase from $365 million the prior year. Revenue reached $4.69 billion fiscal 2016, up 12 percent from $4.2 million for 2015.

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XERO PRESENTS PARTNER AWARDS

Donna King, Beyond Balanced BooksXero has selected Kahuna Accounting was named Accounting Partner of Year for 2016 and Beyond Balanced Books was named Bookkeeping Partner of the Year. The awards were presented at the recent Xerocon, the cloud software vendor's annual conference, in San Francisco. Based in Bloomington, Ill., Kahuna provides accounting services to entrepreneurs and small law firms.

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COLUMBUS GROWS ON SERVICE REVS

Thomas Honoré, ColumbusDanish VAR and developer Columbus this week reported a 55-percent increase in its net result on an 8-percent rise in revenue for the first half ended June 30. Columbus attributed much of the growth to its services income with its acquisitions, including that of InterDyn BMI last year, playing a major role in growth.

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RECKON SALES UP, NET DOWN

Clive Rabie, ReckonAustralia-based Reckon—battling in the low-cost software market in Australia, New Zealand and the United Kingdom—reported a 33.9-percent drop in earnings on a 6.4-percent rise in revenue for the half ended June 30. Reckon, the former QuickBooks distributor in Australia, competes with MYOB and Xero in Australia and New Zealand and in May introduced its Reckon One in the U.K., where it battles against Xero and Sage.

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INTUIT STRESSES QB/TAX LINKS

Matt Rhodes, IntuitIntuit is stepping up its message that its QuickBooks and professional tax software operations are part of the same system. In this week's earnings webcast for the year ended July 31, CEO Brad Smith emphasized the company's decision to forego regular price increase for its Lacerte, ProSeries and ProConnect Tax Online products in favor of building the prices into the accounting software lines.

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CHANNEL VP LEAVING SAGE

Paige Erickson, SagePaige Erickson, who become VP of partner strategy and programs in October, is leaving Sage. Her move was announced internally by Nancy Harris, EVP of sales and partner programs. Harris will handle Erickson's duties until a successor is found. Her departure will be on September 2.

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COLUMBUSCARE VP CREATED

Marianne Woldbye-Tholin, ColumbusColumbus has named Marianne Woldbye-Tholin to the new position of VP of the company's global ColumbusCare organization. She was most recently VP for project management in KMD from June 2015 through July 2016, and was with TRYG from October 2012 through May 2015 and was director of business development from October 2012 through May 2015.

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SWK'S NUNES JOINS MICROACCOUNTING

Brian Nunes, MicroAccountingBrian Nunes, formerly head of marketing for SWK Technologies, has taken a job with MicroAccounting. Nunes' job change comes as Livingston, N.J.-based SWK is in a state of flux following the departure of CEO Jeff Roth in May. Nunes had served as SWKs VP of marketing, channel, and strategic alliances from June 2015.

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