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We can help you to repair damaged QuickBooks filesGilded Launches Crypto Tool For QuickBooksCould The Xero (ASX:XRO) Share Price Reach $165 By The End Of 2021?Intuit Inc.: Intuit Partners With Octopus Energy To Provide Renewable Options To UK QuickBooks Employees & Customers that can not be opened. Recover current data files by updating an old QuickBooks file or backup with current information from the transaction log.
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Call Now Gilded, a B2B blockchain payments and accounting software provider, has released Compass, a solution that enables advanced mapping capabilities between blockchain wallets and a business’s general ledger. Compass integrates with Intuit's QuickBooks Online. As a company, Gilded aims to unify the worlds of traditional finance and digital assets. With Gilded, QuickBooks Online users can reconcile cryptocurrency transactions alongside fiat transactions in QBO. The regulatory environment for cryptocurrency is dynamic, and rules vary country to country and even state to state. As the cryptocurrency ecosystem continues to mature, it becomes more important to report and account for crypto investments properly. Businesses and their stakeholders need an accurate, complete, and highly available way to analyze on-chain financial performance as transaction volume scales. studioEAST/Photographer: studioEAST/Getty I Gilded Compass is designed for accounting firms and crypto businesses with a large volume of transactions that need to define rules for how crypto transactions are synced. Compass works by simplifying transaction classifications, meant to make it easier to balance crypto wallets and revalue assets at the end of each reporting period. The same functionality will soon be available for Xero, NetSuite, and other popular accounting platforms, Gilded says. “Financial reporting is no longer an afterthought for companies building in the blockchain space,” said Gil Hildebrand, CEO of Gilded, in a statement. “The introduction of Compass marks the most advanced crypto accounting tool on the market to date. Gilded is perfectly positioned to help crypto-forward companies achieve accurate, complete, and unified financial reporting.” Compass is the Gilded team’s second major launch of the year, following the release of Mass Pay, the first DeFi-powered payroll tool, in April. Through Compass, Gilded users can access the following functions:● Crypto invoicing and payments;● Non-custodial crypto payroll; and,● Crypto accounting support for QuickBooks and Xero. Businesses interested in adding Compass functionality to their crypto accounting workflow can book a consultation directly on the Gilded website.The Xero Limited (ASX: XRO) share price has returned to form this week and has been charging higher. The cloud accounting platform provider’s shares are currently up almost 4% since last Friday’s close at $144.52. Could the Xero share price keep rising to $165.00 by the end of 2021? What happens between now and the end of 2021 for the Xero share price will depend a lot on its half year results next month, but one leading broker appears to see potential for its shares to reach $165.00 in the near future. According to a recent note out of Goldman Sachs, its analysts have a buy rating and $165.00 price target. Based on the current Xero share price, this implies potential upside of 14% for investors. Why is Goldman positive on Xero? Most recently the broker has been looking at an update from one of its key rivals and saw a number of positives. That rival is Intuit, which is the company behind the QuickBooks accounting platform. Goldman notes that QuickBooks grew its international subscribers by 11% or ~160k in FY 2021 and US subscribers by 18%. The former was notably slower than Xero’s growth, which the broker feels bodes well for its global expansion. It commented: “While we acknowledge the y/e timing impacts between Intuit/Xero, this subscriber performance was significantly below vs. Xero (+412k ex. NA). Therefore, we see this update as a strong positive for Xero in its global traction, noting a key pillar of our positive thesis is the ability to leverage its best in class product to expand in new geographies (NZ$18bn Cloud Accounting Expansion TAM).” Another positive was Intuit’s update on the QuickBooks ecosystem. Goldman has previously stated how it believes Xero has a massive opportunity to monetise its own app ecosystem, so takes comfort from Intuit’s update. It explained: “In FY21 40% of QBO customers use an ecosystem service or 3rd party app (vs. 36% in FY20) with the company generating a much higher share of platform revenues (i.E. Payroll, Time tracking etc., with Online Services c.38% of FY21 QBO revenues) vs. Xero (7% of FY21 revenues ex Hubdoc).” Overall, the broker was happy with what it heard and remains very positive on the Xero share price. It concluded: “We re-iterate our Buy on Xero (12m TP of A$165), noting Xero has closed its premium vs. The ASX InfoTech index to 140% vs. 2 year average 179% (12mf EV/Sales), and is -27% cheaper on 12mf EV/Sales vs. Key peer WTC. We expect revenue acceleration into FY22 to drive outperformance (+4% vs. VA Consensus) with significant LT opportunities to unlock further value (NZ$76bn TAM).”Intuit Inc. (Nasdaq:INTU), a global technology platform that helps its customers and communities overcome their most important financial challenges, has announced its first partnership to empower its employees and QuickBooks Online (QBO) customers in the UK to transition to renewable energy as part of its 2030 climate positive goal. Intuit has teamed up with the UK's largest renewable energy provider, Octopus Energy, to provide alternative energy solutions, including solar, wind and water to its employees and customers. A first of its kind for Intuit, the program engages key stakeholder groups in a concerted step toward reducing global greenhouse gas emissions by 50 times the company's overall 2018 output by 2030. This climate positive pursuit follows the completion of Intuit's goal of being 100% powered by renewable energy in 2020, 10 years ahead of its 2030 target. This is an important step in the company's efforts to further improve its footprint, moving beyond its direct impact and promoting sustainability outside of its four walls. The company is measuring the impact of this climate-positive goal for employees, customers, communities and partners, working with each group to find ways to collectively act on climate change. If just 1% of UK QBO customers switch to 100% renewable electricity with Octopus Energy, it will reduce carbon emissions by 30,000 metric tonnes per year, larger than Intuit's current carbon footprint for its global operations. "At Intuit, we know we need to look beyond at our own operations to achieve the global reduction target of 1.5°C, working together across our entire value chain," said Sean Kinghorn, global sustainability leader at Intuit. "Through this partnership with Octopus Energy, we're making it easy for our employees and customers to choose sustainable alternatives in their daily lives, helping move the needle to save our planet." Connected by Intuit's platform, employees and QuickBooks customers in the UK may sign up through Octopus Energy's affiliate links to receive energy credits toward their utility bills. Employees will receive £25 ($34 USD) per fuel type as credit and customers will receive £100 ($136 USD) credit, whether they are a single or dual fuel customer. Those who take advantage of the opportunity can receive additional energy credits through Octopus' referral program, multiplying their impact. "Our investment in renewable energy technology is demonstrating that a collective, consumer-driven energy revolution is the cheapest, quickest way to go green and reduce global emissions at scale," said Octopus Energy for Business CEO, Zoisa Walton. "It's partnerships with brands like Intuit that enable sustainable alternatives to become an everyday solution for businesses and households alike." Since launching in 2016, Octopus has been on a mission to make the green energy revolution affordable whilst transforming customer experience. By establishing similar partnerships, it has been able to reach and serve over 1.8 million customers across the UK with cheaper, greener power. This partnership is part of Intuit's climate positive commitment to empower its broader ecosystem to collectively work toward creating a more sustainable future. To learn more about Intuit's sustainability efforts, visit Intuit.Com. About Intuit Intuit's mission is to power prosperity around the world. We are a mission-driven, global financial platform company with products including TurboTax, QuickBooks, and Mint, designed to empower consumers, self-employed and small businesses to improve their financial lives. Our platform and products help customers get more money with the least amount of work, while giving them complete confidence in their actions and decisions. Our innovative ecosystem of financial management solutions serves more than 50 million customers worldwide. Please visit us for the latest news and in-depth information about Intuit and its brands and find us on social. About Octopus Energy Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Its domestic energy arm already serves 1.8 million customers with cheaper greener power. Octopus Energy for Business manages over 20,000 business customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. View source version on businesswire.Com: https://www.Businesswire.Com/news/home/20210202005172/en/ Contacts: Kylie GraderKylie_grader@intuit.Com
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