I-Business Network, LLC
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 I-BN Hosting News . The Latest in Accounting Over the Internet 
December 2003 
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in this issue
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  • Year End Checklist
  • What Kinds of Revenue Opportunities Does E-business Create?
  • Batteries Not Included: The Hidden Costs of Accounting Software Systems
  • Best Software In the News
Year End Preparations
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Year end brings a flurry of activity for the accounting staff of all companies. Even if December is not the final month of your accounting year, W-2's, 1099s and other tax reporting can be a strain.

Year end brings a flurry of activity for the accounting staff of all companies. Even if December is not the final month of your accounting year, W-2's, 1099s and other tax reporting can be a strain. It also creates work for software companies, their support staff and resellers. I-Business Network has compiled a list of tips for year end processing that can help you through this busy time.

I-BN Year End Processing Tips and Checklists  

Batteries Not Included: The Hidden Costs of Accounting Software Systems
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A recent article by Scott H. Cytron explores the costs of accounting software. "While the company's cost of a software program beyond its purchase price may be obvious to some who work in the accounting software space or in the IT function, these costs could very well be missed by a procurement director, end user or even the head of an accounting firm who has far less knowledge and concentrates on other tasks."

This insightful article covers what companies should expect in total cost of operations. One aspect it does not cover is how using an ASP can take all of the costs of operation and reduce them to a single monthly payment that is less than what most small to medium sized businesses can achieve on their own. Our ASP services can reduce the costs sighted in the article by as much as 50%! Check out the article, and then call an I-BN representative to find out how we can save you money!

Read the complete article on AS411.com  

Best Software In the News
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Best Software reported record earnings and profits for the year ended September 30, 2003. Total revenue was $424.7 million, and operating income was $99.1 million, increases of four percent and 17 percent, respectively, over the same period of the prior year. "Even in a tough economy, our business continues to grow," said Best Software CEO Ron Verni. "We are continuing to deliver on our stated strategy of supporting our customers through the life of their business, providing solutions through a vertical industry focus, and pursuing an acquisition strategy."

The company also continued to pursue in 2003 its aggressive acquisition strategy. Its most recent U.S. acquisition was of Timberline Software Corporation, a leading supplier of integrated financial and operations software and services for small to mid-sized businesses in the construction and real estate industries.

And on December 23rd, Ron Verni got a big Christmas present when Best Software, Inc., announced that its UK-based parent company, The Sage Group plc, has agreed to acquire Pleasanton, California-based business management software vendor ACCPAC International, Inc

Go to the Best Newsroom for complete coverage

 

Happy New Year From I-BN

I-BN closed out the year with a flurry of activity and anticipates great things in 2004. Next month you will read press releases on our joining forces with one of the Southeast's premiere Best VARs and expansion of our practice with new product offerings. We wish all of you a happy, healthy and successful new year!

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