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App partner of the month: EzzyBills

Xero

EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. Extracting the data. EzzyBills eliminates the need for manual data entry as well as the human error that goes with it.

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Understanding ASC 606 Revenue Recognition?

Billing Platform

When: In May 2014, the FASB and IASB jointly issued Accounting Standards Update (ASU) 2014-09, which introduced ASC 606. Seamless integration: By integrating your billing, revenue recognition, customer relationship management (CRM), enterprise resource planning (ERP), general ledger, etc.

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Accounting Technologies: The 2023 Annual Guide

Future Firm

Take all of your accounting functions into the cloud, not just your general ledger. Overall, this process reduces manual data entry, which translates to less human error and better efficiency. So in 2014, I wrote an article titled, “ How the Technology Behind Bitcoin Could Transform Accounting as we Know It “.