accounting

Basis Raises $34 Million to Deploy AI Agents for Accountants
Basis Raises $34 Million to Deploy AI Agents for Accountants
December 17, 2024  |  artificial intelligence

Basis has raised $34 million in a Series A round to expand its deployment of artificial intelligence (AI) agents designed to help accountants. “We’ve raised...

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Intuit Debuts Tax Platform Tools for Consumers and Small Businesses
Intuit Debuts Tax Platform Tools for Consumers and Small Businesses
December 05, 2024  |  Taxes

Intuit has rolled out new tax platform offerings for personal and small business filers. The company behind services like TurboTax, Credit Karma and QuickBooks announced the new tools Thursday (Dec. 5), saying...

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Briefcase Raises $3 Million for AI Bookkeeping and Accounting Automation Platform
Briefcase Raises $3 Million for AI Bookkeeping and Accounting Automation Platform
December 04, 2024  |  Back-office

Briefcase has raised $3 million in a seed round to grow its artificial intelligence (AI) bookkeeping and accounting automation platform. The company will use the...

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Sage Debuts AI Tools for Small Business Accounting Teams
Sage Debuts AI Tools for Small Business Accounting Teams
December 03, 2024  |  B2B Payments

Accounting/payroll technology firm Sage is rolling out its AI tool, Sage Copilot. Announced Tuesday (Dec. 3) for early adopters in the U.S. and U.K., Copilot...

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Macy’s Employee Accused of Concealing $132 Million in Delivery Costs
Macy’s Employee Accused of Concealing $132 Million in Delivery Costs
November 25, 2024  |  Retail

Macy’s has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error. That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden...

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PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 
PwC Plans to Cut1,800 Jobs Citing Changing Market Demand 
September 11, 2024  |  Personnel

Accounting giant PricewaterhouseCoopers (PwC) is reportedly cutting around 1,800 jobs. The layoffs, its first in 15 years, will be accompanied by a restructuring of PwC’s...

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US Accounting Giants Ready Themselves for New Quality Control Standards
US Accounting Giants Ready Themselves for New Quality Control Standards
September 10, 2024  |  Regulation

Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business,...

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Revolut Business Adds Bill Pay Feature
Revolut Business Adds Bill Pay Feature
September 04, 2024  |  B2B Payments

Revolut Business has launched Revolut BillPay, a feature that automatically pulls bills in from the user’s accounting software or allows users to upload bills to...

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Rillet Raises $13.5 Million for Accounting Automation Platform
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024  |  Investments

Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built...

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