Australian Share Market Positive Start to 2012

Posted by Shoebooks Team in Thursday, January 5, 2012

The Australian share market has seen a rise on the first day of trading in 2012, with more than one per cent rise on the back of positive leads in the local bourse, boosted by the European stock markets and the rallying in commodity prices during the long weekend in Australia.

For the first time in a week, the Australian shares have risen as the materials sector led broad-based gains after the official positive manufacturing PMI data out of China for December beat market expectations, helping boost risk appetite, helping resources, and energy stocks.

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Common Mistakes to Avoid When Buying Accounting Software

Posted by Shoebooks Team in Wednesday, December 28, 2011

It is not anymore uncommon for business owners to adopt the use of accounting software to make the business’s transactions easier, more free-flowing, and hassle-free. Its benefits are insurmountable. However, they are also being warned to not commit common accounting software mistakes.

Of the many accounting mistakes that owners commit, there is one that stands out among others. According to the Executive Vice-President of K2e.com, Randolph Johnston, this mistake is the decision of business owners to skip training their staff fully on the use of the software for accounting.

"This is an item that should be budgeted and not cut. Even though technology vendors will portray software as being easy to use, set up and integrate - it rarely is," said Mr. Johnston.

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Mobile Cloud Computing Market to Grow by 2016

Posted by Shoebooks Team in Tuesday, December 27, 2011

Cloud computing is off on a good start and it does not end there. And in the coming years, it will increase and get larger even more as it penetrates the mobile world.

Mobile cloud computing, is expected to generate an income of $45 billion by 2016. This is according to the prediction of Visiongain, an independent information provider. This will be made possible with the enormous popularity of smartphones.

A “rapid growth stage” is being predicted for mobile cloud computing as invoicing software.

The development of cloud-based mobile applications will be encouraged by BONDI, OneAPI, and HTML5, which are all technology enhancements. This is seen to happen in 2014.

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Accounting Software Inflates Profits and Close Loopholes

Posted by Shoebooks Team in Thursday, December 22, 2011

Now, more than ever, there is a need to adopt accounting software by every business. This is after reports revealed that banks are actually making use of loopholes in accounting regulations to their advantage where they could alter results like profit levels and staff bonuses.

The Adam Smith Institute says banks utilize complex financial products that may conclude a profit value that is different from the actual one.

The blame can be put on the International Financial Reporting Standards (IFRS) according to Gordon Kerr, a former banker who authored the report. The IFRS allows banks to include in their current profits certain expected future income.

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Australian Stocks Hits two-week Low over Europe Recession Fears

Posted by Shoebooks Team in Monday, December 19, 2011

As poor data out of Asia and the bad news of the growing outlook of a recession in Europe are sending investors running for cover, the Australian stocks dropped to a two-week low.

Stocks have been closing lower for the fifth day out of six after more dismal news comes from Europe overnight which saw an increase of Italian bond to a euro-era record, which then has triggered a sharp selloff in commodities as investors were rushing to the perceived safe haven of the dollar.

Data revealed that China's manufacturing sector has continued to contract in December as exports slowed compounded fears that the euro zone debt crisis is already slowing growth in Asia.

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Why Cloud Computing is a Must for Businesses?

Posted by Shoebooks Team in Wednesday, December 14, 2011

Cloud computing is increasingly becoming popular among business owners when it comes to their accounting software for business. In fact, Phil Wainewright, the vice president of Eurocloud, is saying that the norm now for businesses is cloud computing.

Therefore, it is necessary to adopt accounting software for small businesses in order to get the best and maximize every company’s earnings.

Bill Claybrook who is the principal analyst of New River Marketing Research in Massachusetts says that cloud computing must be a technology that companies must explore. So why is this so?

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Cloud Computing Will Take Over by 2016

Posted by Shoebooks Team in Monday, December 12, 2011

It has been seen that cloud computing will continue taking the limelight even in the next 5 years. The conclusion was drawn after this said accounting software made it to the top 10 predictions for the IT industry. This was performed by the research body, Gartner.

By the end of 2016, more than 50 percent of Global 1000 companies will be storing their data and information in the cloud. This is a huge increase from the more than twenty percent who are already using the technology today.

However, there have been mixed reactions on this subject. According to Jignesh Shah, Vice President for Business Infrastructure Solutions of Software AG:

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