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accounting posts

Filed under: Hardware, Software, Apple Financial, Apple, iPod touch

iPod touch fee could go bye-bye

Chris Foresman over at Ars Technica has an interesting pronouncement: A rule governed by the Financial Accounting Standards Board, that's been heavily lobbied for by Apple and other electronics companies, may be enough to lift the charge that iPod touch owners have had to pay for updates of significant features to their devices. It's complicated, but it all has to do with "subscription accounting" -- devices that gain "significant new functionality" after their sale, like the iPhone, have to be reported over a series of years rather than all at the same time (presumably because the revenues associated with the product were the result of a series of updates, not just one lump sum).

For the iPhone, it's fine -- they have subscription charges associated with them over two years anyway. But the iPod touch is different -- because Apple doesn't want to report the sales of those devices over a period of time, they've had to charge minimum fees for updates -- the $10 (and more recently, $5) that iPod touch owners have paid for the firmware updates. But if the new rule goes in (it still requires FASB approval), then Apple would be able to report sales of the iPod touch all together without having to worry about charging for updates, as well as the dual GAAP and non-GAAP reporting we've heard on their conference calls.

Plus, as Foresman says, it would help Apple's stock price (seeing all of the iPhone's sales at once would boost investor confidence), and it would help developers who are asking all users of both the iPhone and iPod touch to update right away -- they wouldn't have to wait for iPod touch owners to find a few bucks in their couch. With the weight of Apple behind this one, we can probably expect to see the rule approved (even if they have to make some concessions). And so while iPod touch owners will probably have to still keep waiting for a camera, they at least won't have to pay for more software updates.

Filed under: Software, Deals, MobileMe

iBank provides yet another reason to dump Quicken for Mac

If there's one software company and product line that can raise the ire of even the most mellow Mac user, it's Intuit and the Quicken line of accounting software. While the company rightfully owns the market for home and business accounting software in the Windows world, their Mac products are beset with bugs, delays, and incompatibility issues.

IGG Software has announced a "Why wait another day?" rebate program to persuade frustrated Quicken Mac 2007 owners to switch to iBank 3.5 (US$59.99). If you're a Canadian or U.S. owner who purchased iBank after July 10th, 2009, and have proof of ownership (installation disc or receipt) for either the Mac or Windows versions of Quicken or Microsoft Money, sending in a mail-in rebate form will get you a $20 incentive to switch to iBank.

iBank 3.5 requires Leopard, and has a number of features that take advantage of Apple technologies. For example, you can take a picture of a receipt using your iSight camera and include that with a transaction record. MobileMe users get the advantage of automatic backups of their financial data, as well as a way to enter transactions "on the road" with the companion iBank Mobile iPhone app (US$4.99, purchased separately).

All in all, the rebate is a great way to start saving money and begin working with an accounting application that was designed from the ground up to work on Macs.

Filed under: Retail, Software

Checkout - point of sale for Mac (beta)


Jasper Hauser and company have been busy, as Disco isn't the only thing pot on their oven. Behold: Checkout, a point of sale app (in beta) for store owners running Mac OS X. Boasting a 15 minute learning curve, Checkout has an impressive lineup of features, like:
  • Interoperability - "export anything you want"
  • Easy Backups - the database is just one file, with a .Mac Backup QuickPick included (hint hint to other devs)
  • Bookkeeping super powers for maximum accountant happiness
  • Address Book syncing
  • "Extensive" reporting
  • High-Speed input for more better schmoozing with customers
Checkout's site offers a number of screencast Quicktours to help you get an idea of everything it can do. I personally don't run a retail store, but from looking at Checkout, I'm starting to wish I did. While Checkout is in beta, pricing and an official release date are still TBD.

Filed under: Software, Universal Binary

Quickbooks 2007 v9.0, now with native Intel support

Well Adobe may not care enough to release Universal Binary updates, but Intuit seems to care, at least a little. Today they released Quickbook 2007 v9.0. Quickbooks, as you probably already know is a popular accounting app aimed at small businesses. Things of note in this upgrade include:
  • Track payments, sales tax and inventory IMPROVED
  • Create and print deposit slips NEW
  • Customize forms using the Layout Designer NEW
  • Customize toolbar IMPROVED
  • Universal binary version for Intel- and PowerPC-based Macs NEW
  • Share data between Mac and Windows IMPROVED
  • Comprehensive in-product help IMPROVED
  • Interactive Tutorial Center NEW
Although Quickbooks users themselves don't seem all that impressed with the program, every step toward native Intel support for Macs for all is a good thing.

Despite being a small business owner, I've never had any use for Quickbooks. Always seemed like overkill for my needs. But if it suits you and you've been wondering whether or not to upgrade, you might wait until the dust settles as there are already several nasty bug reports showing up on sites like MacFixit.

Tip of the Day

Use Spotlight as a reference tool. Type any word in the Spotlight box and one of the top entries will be a definition. Click on it, and it will bring up the dictionary application to check the word in either the dictionary, thesaurus, Apple database, or Wikipedia.


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