In the News - March 18, 2022

Read news about Intuit news (including a new technology partner), an announcement from Botkeeper, and more news about the companies leaving - and refusing to leave - Russia.

Intuit has selected a new professional services technology partner to support QuickBooks Time. The collaboration between Intuit and Dapt Tech provides simplified and accurate job costing capabilities and seamless data flow for clients in industries such as construction, professional services, healthcare, solar installation, field service and technology. Jim Keeney, President of Dapt Tech, says, "Our mission at Dapt is to help clients with complex pay rates, such as completed installs, complex overtime rules, on-call rates, shift differentials, multiple roles, or multijurisdictional taxation."

This week Intuit announced their support of the people of Ukraine. In the company's blog, Intuit pledged $1 million to the United Nations Refugee Agency (UNHCR) to help support the people of Ukraine as well as a 2:1 match for employee donations supporting relief efforts through Intuit’s We Care & Give Back program. 

Although the company has no material business in Russia and Ukraine from a revenue or supply chain perspective, Intuit announced the suspension of all customer accounts in Russia and the waiving of all charges for current customers in Ukraine until further notice.

Finally, although Intuit doesn't have offices in Ukraine and bordering countries that are being affected, they are making their Employee Assistance Program and additional resources available to employees with friends and family in the region.

QuickBooks Checking customers can now connect their QuickBooks debit cards to both Apple Pay and Google Pay.

Botkeeper has announced an upcoming iteration of the automated bookkeeping revolution - the Botkeeper Operating System (BOS). The company's four-month Beta test is complete and the company will begin rolling out BOS through the end of the year. Although many original features continue to power Botkeeper, BOS includes new and improved features in a cleaner and simpler user experience, including: 

• more visibility into a centralized and consistent source of truth on transaction categorizations
• deeper visibility into firm-wide operations on client work
• more control over user access and permissions
• powerful reporting – purpose-built for accounting firms

You can learn more about the upgraded Botkeeper Operating System as well as gain early access by signing up here. In addition, if you meet with Botkeeper for a free evaluation before March 31st, you will be eligible to be the firm that wins a free year of Botkeeper. 

Over 400 companies have withdrawn from Russia, according to the Yale School of Management's list that is updated daily. The list is broken into these four categories: 

1) Withdrawal - Clean Break: companies completely halting Russian engagements;

2) Suspension - Keeping Options Open for Return: companies temporarily curtailing operations while keeping return options open;

3) Scaling back - Reducing Activities: companies scaling back some but not all operations, or delaying investments;

4) Digging in - Defying Demands for Exit: companies defying demands for exit/reduction of activities.