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CCH Acquires Accounting Software Company Best Practice Solutions

Research proves SMEs want their Accountants to provide them with more strategic business advice. The addition to the CCH iFirm suite of BPS accounting software solutions like ATO Paper Buster alone can free up around 1,000 annual hours of an Accountants time for providing that advice

SYDNEY, Australia (14 November 2013) CCH, a Wolters Kluwer business, today announced the acquisition of the business operated by Melbourne-based accounting software company, Best Practice Solutions (BPS). This acquisition will significantly expand CCHs ability to provide a holistic software-plus-content solution to accounting firms in Australia and New Zealand so that they can better serve their clients who operate Small- to Medium-sized Enterprises (SMEs).

Headlining 2013 research of over 1,000 SMEs commissioned by CCH shows that SMEs trust their accountant ahead of their financial planner, business partner or lawyer when it comes to which external adviser they trust most, yet only 37% of accountants are sufficiently freed up from transactional work to be able to provide them that strategic business advice.

A natural extension of the content and software already provided by CCH, the addition of BPS software solutions will better equip Accounting Firms with a single source of authoritative and practical information, software and services to become that keenly-sought trusted advisor to their SME clients.

Mr Russell Evans, President of Wolters Kluwer Tax and Accounting Asia Pacific and Chief Executive Officer of CCH Asia Pacific, said this is why clients of BPS and CCH will benefit significantly from the acquisition.

We welcome the addition of the BPS team and its fantastic accounting software products to Wolters Kluwer Tax and Accounting. Our CCH iFirm cloud software suite and BPS revolutionary ATO Paper Buster product is proven to save an accounting firm around 1,000 hours a year so we will make it even easier for accountants to be that trusted adviser to their SME clients, Mr Evans said. SMEs are often cited as the engine room of the Australian economy, but this should more accurately be described as successful SMEs.

Mr Ron Drost, founder and Director of BPS, said the BPS team is looking forward to working with its new CCH colleagues.

We are very excited about joining Wolters Kluwer Tax and Accounting, whose services set global standards. This acquisition demonstrates a clear commitment to investing in leading Australian Intellectual Property and builds on the strengths of both organisations, as well as enhancing our services to our clients and customers.

CCH will be retaining all BPS employees and BPS clients can expect to receive the same high levels of service and attention to detail that they have become accustomed to, as well as newly-available software and content solutions that can further improve their efficiency, productivity and profitability, Mr Drost continued.

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CCH Acquires Accounting Software Company Best Practice Solutions

LUGANO, Switzerland, Nov. 13, 2013 /PRNewswire/ -- The free version of the Banana Accounting Spreadsheet Software (Starter Edition) for Windows, Mac and Linux, now allows the user to view and print the contents of bank statement files in ISO 20022 format.

From January 1, 2014, all banks on the European continent will be required to provide electronic account statements with the international ISO 20022 standard. Those who want to view the contents of the ISO 20022 statements can simply download, install and start Banana Accounting and open (or drag and drop) the ISO 20022 file inside Banana.

The Banana Accounting Spreadsheet software reads the data of the bank statement and displays them in tabular form, with the Date, Description of the transaction, Amount income, Amount expenses and Balance. The data can be printed or transferred in Excel or in other programs with the copy/paste function.

Banana Accounting is a multilingual spreadsheet accounting software available in native versions for Windows, Mac and Linux.

The Starter Edition version is free, and freely downloadable from the site http://www.banana.ch.

With the paid version of Banana Accounting, you can save files that contain more than 70 transactions.

Banana.ch is a software company based in Lugano, Switzerland, founded in 1990 and market leader in the field of accounting for small businesses, associations (not for profit) and individuals.

Banana Accounting is a spreadsheet software for Cash management and Double-entry accounting. Just as in Excel, data can be easily added or edited. Banana Accounting is available in different languages and with native versions for Windows, Mac and Linux. The free version of Banana Accounting (Starter Edition) offers all the features of the full program, except for saving files that contain more than 70 transactions. Over 150'000 Banana Accounting licenses have already been sold worldwide.

PRLog ID: http://www.prlog.org/12241095

SOURCE Banana.ch SA

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Free software to display the contents of ISO 20022 electronic bank statements

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PRESS RELEASE: BAUER Aktiengesellschaft: BAUER AG reports third-quarter net loss due to one-off effects

DGAP-News: BAUER Aktiengesellschaft / Key word(s): Quarter Results/Interim Report BAUER Aktiengesellschaft: BAUER AG reports third-quarter net loss due to one-off effects

14.11.2013 / 07:00

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- Total Group revenues of EUR 1,109.5 million 4.4 percent up on previous year

- Orders in hand up 6.7 percent to EUR 836.7 million

- After-tax loss of EUR 21.4 million significantly lower than previous year profit of EUR 6.6 million

- Adjusted full-year forecast due to one-off effects: Total Group revenues unchanged at around EUR 1.5 billion, EBIT around EUR 25 million, and net loss of approximately EUR 20 million

Schrobenhausen - BAUER Aktiengesellschaft today published its third-quarter interim report. As already indicated by an ad-hoc release on October 28th, the global construction engineering and machinery manufacturing concern has had to adjust its 2013 forecast, and now predicts a net loss for the year. The reasons lie in a number of one-off effects, primarily relating to a well construction project in Jordan. Expected earnings from the Group's Equipment and Construction segments have additionally been reassessed, and the adjusted forecast now incorporates restructuring expenditure as part of a cost-cutting programme.

In the first nine months of this financial year, the total revenues of the BAUER Group increased by 4.4 percent against the previous year comparative period (EUR 1,063.2 million) to EUR 1,109.5 million. EBIT fell from EUR 45.7 million to EUR 13.4 million. The net loss for the period of EUR 21.4 million represents a EUR 28.0 million decline against the previous year's net profit of EUR 6.6 million. Orders in hand continued to develop healthily, rising by 7.9 percent against the previous year to EUR 836.7 million.

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PRESS RELEASE: BAUER Aktiengesellschaft: BAUER AG -2-