In the News - August 19, 2022

Don't miss out on this week's information, news and updates about the products, programs, and services you use as a bookkeeper or accountant. Read on to find out more about QuickBooks, Sage, AvidXchange, Blackbaud, Keeper, Lockstep and Sovos.

QuickBooks has launched Trada by QuickBooks, a new platform for small businesses that sell wholesale goods. Trada by QuickBooks, which builds on QuickBooks' commitment to assisting product-based businesses to thrive, links small retailers with incredible brands and wholesalers in the US and Australia. Both buyers and sellers receive numerous benefits. Learn more about Trada here. 

Sage has announced plans to acquire Lockstep, developers of accounting workflow automation technology that is cloud native. Lockstep was founded in 2019 and has quickly grown quickly since that time; the company's 130 employees will be joining Sage. According to Sage CTO Aaron Harris, Lockstep's "complementary portfolio of products, resources, and know-how accelerates our ambition to be the trusted network for SMBs."

AvidXchange has launched an API for Blackbaud Financial Edge NXT®. The seamless integration on the AvidConnect platform allows for automatic syncing of GL codes, vendor lists, invoices and payments between AvidSuite and Blackbaud. Financial Edge NXT. Learn more about how AvidXchange and Blackbaud work together here. 

Keeper.app, the month-end close tool or bookkeepers, is expanding the capabilities of its Client Portal to include file requests and files management. Keeper's new embedded files system gives clients one place to securely upload and view files. Those files sit alongside Keeper’s existing tools for managing uncategorized transactions, management reporting, and 1099s. Powered by Keeper's two-way QuickBooks sync, this upgrade now gives accountants a true all-in-one solution for communicating with bookkeeping clients. 

The tax and regulatory reporting experts at Sovos will host a webinar on August 23 at 3:00 pm EDT to discuss the tax implications and compliance challenges arising from the significant shift in employment during the past few years. Sovos reports a 33% increase in 1099-K forms filed and a 17% increase in 1099-NEC tax forms. You can register for this valuable webinar here.