General Ledger Accounting Software

Posts Tagged ‘Small’

Tracking Inventory in WorkingPoint Small Business Accounting Software

September 12th, 2011 | Author: admin

l.workingpoint.com Check out this video to see how easy it is to start tracking inventory for items in WorkingPoint, the free online business management solution available at l.workingpoint.com Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a complete financial picture of your business. Generate invoices from your working point dashboard with our free invoice template, then generate a profit and loss statement. WorkingPoint is so …

Posted in General Ledger | Tags: Accounting, Business, inventory, Small, Software, Tracking, WorkingPoint | No Comments »

WorkingPoint Small Business Accounting Software Invoicing Made Easy Series – Receiving Payments

September 7th, 2011 | Author: admin

l.workingpoint.com In our Invoicing Made Easy series, we’ll show you how easy it is to use WorkingPoint to manage your orders. In this video, see how easy it is to receive a payment on an invoice, update the invoice status and add the payment to your bank account. Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a complete financial picture of your business. Generate invoices from your working point dashboard with our free invoice …

Posted in General Ledger | Tags: Accounting, Business, Easy, Invoicing, Made, payments, Receiving, Series, Small, Software, WorkingPoint | No Comments »

WorkingPoint Banking Integration Small Business Accounting Software

August 11th, 2011 | Author: admin

l.workingpoint.com Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a complete financial picture of your business. Generate invoices from your working point dashboard with our free invoice template, then generate a profit and loss statement. WorkingPoint is so much more than just a free invoice template! With WorkingPoint.com you can see how your invoices are impacting your profit and loss. Plug your data into our easy to use online …

Posted in Accounting Software | Tags: Accounting, banking, Business, Integration, Small, Software, WorkingPoint | No Comments »

Collecting invoice payments with PayPal in WorkingPoint Small Business Software

August 9th, 2011 | Author: admin

l.workingpoint.com See how easy it is to collect invoice payments with PayPal using WorkingPoint, the complete small business management solution. Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a complete financial picture of your business. Generate invoices from your working point dashboard with our free invoice template, then generate a profit and loss statement. WorkingPoint is so much more than just a free invoice template …

Posted in General Ledger | Tags: Business, Collecting, Invoice, payments, PayPal, Small, Software, WorkingPoint | No Comments »

Unlimited Invoices with WorkingPoint Small Business Software

July 30th, 2011 | Author: admin

l.workingpoint.com WorkingPoint makes invoicing fast, so you get paid faster. Theres no set up required, so you can start creating and sending invoices immediately. From customers to items, from tax rates to discounts everything you need is accessible on the invoice form. And unlike the typical online invoicing services, we dont limit the number of invoices you can send for free. Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a …

Posted in General Ledger | Tags: Business, Invoices, Small, Software, Unlimited, WorkingPoint | No Comments »

Record Expenses for Goods and Services in WorkingPoint Small Business Accounting Software

June 4th, 2011 | Author: admin

l.workingpoint.com See how easy it is to record expenses in WorkingPoint. WorkingPoint is the one place that has everything you need – software, content and community – to start, manage and grow your business. Accounting is soimportant for your business. You need a business accounting software, payroll, bookkeeping that will do more than just keep your accounts in order or be a general ledger. You need an accounting software that is designed especially for the way you run your small business. Enter WorkingPoint. What makes WorkingPoint so special? No other free invoice software gives you free invoices, profit loss statements and all the other features you need to run your business in such an easy to use package! Enter your information into our free profit and loss form to see a complete financial picture of your business in a few easy steps. Looking to start creating invoices or for an easy free invoice download, free printable invoice or free online invoice form? Create invoices for free with WorkingPoint. Looking for a sample profit and loss statement? We’ve got a profit loss form to get you started. Create a WorkingPoint login in a few easy steps and get started. WorkingPoint is more than just a free invoice. It’s more than just a free profit loss statement form. It integrates your invoice with a complete financial picture of your business. Generate invoices from your working point dashboard with our free invoice template, then generate a profit and loss statement …

Posted in General Ledger | Tags: Accounting, Business, expenses, Goods, record, Services, Small, Software, WorkingPoint | No Comments »

Accounting Softwares for Small Business

March 16th, 2011 | Author: admin

Accounting Softwares for Small Business

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Accounting Softwares for Small Business

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Posted: Oct 06, 2010 |Comments: 0
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Small businesses house owners, particularly throughout the present economic downturn, have been pressured to make their businesses function on limited assets and shrinking numbers of employees. An increasing number of often, managers and homeowners must take private duty for the accounting functions of their enterprise and ERP software program solutions. These features could embody stock, billing, budgeting, payroll, management of expenditures, and tax administration, or they may include some mixture of the above. For those who’re an accountant, you want your small enterprise clients to trust you with all of the branches of their monetary management. And in case you’re a small business owner, you need an integrated accounting software program that may deal with all of those functions on a seamless platform. For those who trust your accounting software, you may turn the focus of your consideration to managing your staff and developing strategies that may help your corporation grow.

As you explore built-in accounting programs, look at ERP software packages provided by providers like Oracle and Microsoft. Accounting software program ought to be scaled to suit the needs of your business, and should be flexible enough to grow and incorporate new purposes as your online business expands. Some forms of Microsoft accounting software will help you unify an present assortment of disparate information, which you may be dealing with when you use one sort of program to handle banking spreadsheets and another program, like phrase processing software, for report keeping.

Oracle or Microsoft Accounting Software applications may seem costly in the course of the implementation process, but they’ll enhance efficiency, help avoid accounting errors, and increase revenues by the next means. These programs might:

• Reduce manual data entry by routinely unifying information collected from multiple sources
• Provide a single snapshot overview of the financial health of a business
• Provide instantaneous access to all account information related to a particular buyer, together with a history of earlier customer support contacts.

When you’re a small business owner with restricted resources and a limited historical past of experience with built-in accounting software program packages, it’s possible you’ll be on the lookout for a system with low price, minimal hardware necessities and the power to combine shortly and easily along with your current ERP software programs which may not be accounting-specific. You need a program that can have you up and operating rapidly, and can ideally mean you can transfer your present information from your present systems with out having to divert employee assets for a handbook transfer.

You might want to begin your search by investigating the next built-in accounting software applications:

• Intuit Quickbooks
• Microsoft Office Small Business Accounting Software
• Sage Peachtree

Before you finalize the collection of your new built-in accounting software, contemplate not solely cost and ease of implementation, but the specific problems you face along with your present accounting programs. Ideally, your new software will provide every little thing you you need assistance your corporation survive and grow.

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Getting more information about microsoft accounting software or other custom software Just visit online directory

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Differentiating between a Small Business Bookkeeping Computer software and an Accounting Software

March 13th, 2011 | Author: admin

Differentiating between a Small Business Bookkeeping Computer software and an Accounting Software

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Home Page > Business > Corporate > Differentiating between a Small Business Bookkeeping Computer software and an Accounting Software

Differentiating between a Small Business Bookkeeping Computer software and an Accounting Software

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Posted: Mar 13, 2011 |Comments: 0
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Having set the difference between the two, the next question is whether there’s also a difference with the computer software that they apply. The answer is yes – in terms of functions. Small business bookkeeping software are very simple to employ as they simply focus on 3 things – the Cash Receipt Journal where they log cash that is supplied in, the Cash Disbursement Journal that’s used to record cash that comes out, and the General Ledger, that is used to register the total monthly cash flow of the enterprise.

Accounting programs are ahead of bookkeeping software applications in terms of complexity. Because accounting does yearly calculations and analyses, there are far more features to study. Besides, the General Ledger that bookkeepers employ needs to be transferred to an accounting software program for audit and analysis. That adds further work for the accounting computer software.

More often than not, small business bookkeeping options are already integrated in small business accounting software. Nonetheless, there’s no need to purchase an accounting software if all you need to do is track your monthly cash flow – there are a lot of free bookkeeping applications online.

Small business billing software is one of those things where the overall influence it has primarily rests on other considerations.

Like so many other things, you have to evaluate what you are working with and weigh them against each other. It is not hard to learn more about this, and you can potentially save yourself some headaches by doing so. It is only soon after looking at all that is on the table will you be in a strong position to make your move.

We know you would like to choose what is right and ideal, and to that end we happily give you some excellent guidelines concerning small business bookeeping software. One thing about small business bookeeping software that is pretty incredible is how far-reaching it has shown itself to be among the population.

We see so many examples in our every day lives, and it can serve as an important reminder. However, there is far more to consider and seriously weigh in your mind.

Given that, people have seen more than enough so they do have a handle on it even if they do not understand all of it. Still the desire to learn more about it is understandable because knowledge can empower you.

The rest of this article will increase your understanding of small business billing software. It is more widespread than you think for some people to experience disappointment with small business bookeeping software and locating excellent information. There have been plenty of times when I have needed to find out more, but I was not all that sure where to check. There is so much information online, and honestly it can be very difficult finding and knowing what you can trust.

We do understand those feelings very well in our own exploration on the net. The following information and facts concerning small business billing software is well known and easily referenced.

If you are at all like us, it can be nerve-wracking when you need accurate details concerning small business bookeeping software, and it seems nearly out of the question to find. Most do not take the time to look deeper in the search results, and they often miss out on what they need.

But you’re not alone, not by any means, due to the fact we think this is a common experience for many people. What we have done is put together some solid investigation about small business billing software and put it in one place. You can take this information and expand on it in your own research efforts.

If you have been reading up on small business bookeeping software, then you could have a good understanding of what is out there on the net. But we have observed that not all of it can be useful, it just depends on your specific needs.

The thing about it is that you have to think about linked topics that may have a direct bearing on you. So it can sometimes feel like you are not making progress because you may not find specifically what you need.

To be sure, even the best online researchers sometimes get stumped when searching for special kinds of information. Here are a few things we have found out about small business billing software, and ideally it will be a few more pieces of the puzzle for you.

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Accounting and bookkeeping are sometimes used interchangeably. At first glance, they may appear similar, but the two have unique meanings. Small business bookkeeping software helps the bookeepers make sense of the receipts. On the other hand, small business billing software is used for billing customers and clients.

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XBRL – A Small Cap Advantage

March 12th, 2011 | Author: admin

XBRL – A Small Cap Advantage

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XBRL – A Small Cap Advantage

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Posted: Sep 10, 2005 |Comments: 0
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INTRODUCTION

Recent revelations of shady accounting practices have fueled
investor demand for more transparency in corporate reporting.
New regulatory rules such as Sarbanes-Oxley are also driving the
need for faster and more accurate reporting of financial results
to investors and other stakeholders. Unfortunately, preparation
and distribution of financial information to multiple audiences
can be time consuming for reporting companies since different
stakeholders require different levels of detail or format. Even
the recipients of these financial reports spend considerable
time retyping information into a spreadsheet or other database
for aggregation or analysis.

An electronic language for financial reporting called Extensible
Business Reporting Language (XBRL) has been in development for a
number of years and is being utilized by several major
corporations around the world to report financial results. With
XBRL, financial data from internal systems can be expressed in a
single specification, which can produce multiple outputs with no
retyping required. XBRL is a relatively easy to use standardized
format that is easily accessible and analyzed. While XBRL could
benefit all companies that publish their financial results, we
believe this technology is especially advantageous for small
capitalization companies.

WHAT IS XBRL?

XBRL is a freely licensable electronic language for financial
reporting which provides a standards-based method to prepare,
publish and exchange financial statements of publicly traded
companies. It can be used across any platform, software format
or technology. It is important to note that use of the XBRL
language in financial reporting will not result in additional
disclosure from a company to its external constituents and will
not require a company to change the way financial results are
reported under current accounting standards.

In order to understand how XBRL works and its benefits to the
companies and end-users, it would be helpful to describe how the
current corporate reporting process works. In the pre-XBRL
world, typical steps involved in corporate reporting include: 1)
processing financial transactions and collecting data in
operational data stores; 2) posting transactions to a general
ledger system via a chart of accounts; 3) consolidating general
ledgers from different units at a corporate level; 4) creating
and distributing management reports to support management
decisions; and 5) formatting consolidated financial information
into various formats required by different external stakeholders
such as the SEC, IRS, industry-specific regulatory
organizations, printed annual reports and financial statements,
PDF or HTML for publishing via the web, and credit applications
to lenders. (1)

Obviously, preparing financial information for various external
audiences can be very time consuming for the company as well as
for the investor who needs to retype information for analysis
and aggregation into a database, not to mention the typing
errors that may get introduced during the process. Small-cap
investors may have an especially difficult time obtaining full
and accurate information for smaller companies due to the
limited resources dedicated to small cap companies by third
party data providers.

Many corporations spend an exorbitant amount of time creating
financial statements with desktop publishing tools, web design
tools, word processors, spreadsheets, and templates that check
their Edgar filings. Companies generally need to use a
combination of automated and manual systems to consolidate data
for analysis and reporting. Changes in reporting requirements or
the need to report in a second jurisdiction have been constant
sources of frustration for public companies. Even as there has
been increasing pressure to complete financial reports faster
than before, corporations continue to use a multiple
incompatible programs to create and edit financial exhibits for
its various audiences. (2)

HOW DOES XBRL WORK?

XBRL is the financial and operational business reporting
offshoot of the Extensible Markup Language (XML) that uses tags
based on standardized accounting industry definitions called
taxonomies to describe and identify each item of information in
financial statements. Some compare “XBRL tags” to the bar codes
used to track inventory and pricing information. Once XBRL tags
are applied to the data within financial reports, that data can
be quickly distributed in various formats without the need to
retype. A single XBRL document can be converted to printed
material, fed into an SEC database, published on the Internet,
or sent to a creditor for analysis. Users can leverage those
tags with XBRL-enhanced tools to automatically search for
specific historical data in company financial reports.

XBRL COMPONENTS

XBRL is a relatively complex technology and a number of
components are required to be in place in order for it to work.
Once these various components are in place, financial
information and supporting text from internal systems can be
expressed in a single specification.

Taxonomy – A dictionary of data elements provides corporations
reporting according to U.S. GAAP with the ability to produce
financial statements marked up in XBRL. A series of taxonomies
that represent an electronic description and classification
system for the contents of financial statements and other
business reporting documents are required. Data Tagging and
Document Preparation Software – This facilitates the tagging of
raw data. An Instance Document – This is the term used for an
XBRL-tagged document. Schemas – Schemas are used to validate
XBRL-tagged document that follows the tagging rules for that
document’s taxonomy. Stylesheet – This allows the XBRL-tagged
document to be read or viewed in human-readable format.
Linkbases – There are five different linkbases including:
Calculation linkbase, Presentation linkbase, Definition
linkbase, Label linkbase, and Reference linkbase. These
linkbases for each taxonomy file contain rules that define the
manner in which tagged elements relate to each other and how
calculations or presentation elements should be handled.
Application Software – This should be able to load multiple data
sources created using various tools and provides quick
comparisons of that data to the user.

Source: XBRL.org

BENEFITS OF XBRL

As a result of the XBRL rollout, the efficiency and
effectiveness of all business reporting processes are likely to
increase substantially. Forrester Research estimates that $402
billion is spent each year in retyping financial information. In
the investment community there are many constituents that will
benefit from eliminating those costs through the adoption of the
XBRL technology, including the reporting companies, investors,
analysts, regulators and the media.

For reporting companies, reports that previously took weeks to
prepare can be completed at a fraction of the time and cost
using XBRL. Since XBRL is a consistent language across all
software formats, compiling a report is much easier. The right
information goes to the decision makers more quickly and
frequently with less effort. XBRL eliminates the need for data
to be retyped and reformatted, thereby reducing the cycle time
to prepare, read and distribute the reports. Decision makers
receive reports early enough to impact operations positively.
The timeliness of the data distribution helps with competitive
benchmarking strategic decision-making, and efficiency. We
believe the benefits for investors and analysts are significant.
XBRL technology could more efficiently generate timely financial
information and allow investors to more easily access and
compare data. Rather than retyping financial information into a
spreadsheet or financial database from printed documents or PDF
files, investors could reduce analysis preparation time and cost
by using XBRL tagged data to download information directly from
the Internet or database into a spreadsheet. XBRL has particular
interest for the small cap arena. Small, publicly held companies
often have difficulty getting analysts to track them as a
potential investment opportunity. Reporting in XBRL format may
increase the small company’s chance of appearing in financial
databases thereby reaching more investors. Having information
readily available in a standard industry format that is easily
distributed, analyzed, and evaluated may increase the likelihood
of the stock being included in financial databases and then
tracked by analysts. Financial reporting in the XBRL format may
even potentially increase the number of investment firms and
analysts focusing on small cap stocks if information on small
cap companies is readily available in a reliable and cost
effective format.

XBRL could also benefit the media. The media receives a deluge
of information from hundreds of companies, often at the same
time. With XBRL, the media will be able to immediately and
automatically extract data from financial statements and
earnings releases into spreadsheets allowing the media to easily
report on new developments in a company while being able to
focus on the big picture contained in the Management Discussion
and Analysis section of SEC filings.

It is likely that XBRL will reduce data gathering costs for
third-party information aggregators such as Edgar Online and
Yahoo Finance. Currently, given the costs and limited resources,
there may be more emphasis placed on getting information for
larger cap companies than for smaller caps since information on
large caps may be more in demand. More efficient data collection
should lower operating costs associated with custom data feeds
and reduce errors while allowing these institutions to
concentrate on adding value to the data.

THE STATUS OF THE XBRL IMPLEMENTATION

Based on the U.S. Securities and Exchange Commission’s recent
proposal, SEC registrants would be allowed to file their
financial information using XBRL. On November 2, 2004, the XBRL
International Steering Committee approved the release of the
Financial Reporting Taxonomy Architecture (FRTA) guidelines
which became an official recommendation of XBRL International.
XBRL International is a non-profit consortium whose members
include 250 of the world’s leading accounting, technology,
financial services, and government agencies concerned with
business reporting. The FRTA guideline is a set of requirements
and best practices for the production of taxonomies that are
used in financial reporting. Currently, the U.S. chapter of XBRL
International is developing specific taxonomies for financial
reporting purposes for broker-dealers, investment management,
banking, oil and gas, and commercial and industrial users among
others.

It noteworthy, that strong support for the XBRL standard appears
to come from vendors of financial reporting software. XBRL is an
open standard with no proprietary interfaces or hidden costs
that might otherwise impede adoption. Thus we see software
vendors moving to the XBRL standard in developing and upgrading
software packages. Systems integrators are beginning to work
with their various suppliers to enable a smooth transition to
the standard, including discussion of XBRL in promotional
material and white papers. Thus it would appear that some
vendors believe they can make an adequate cost-benefit argument
in favor of adopting an XBRL-based reporting solution.

CONCLUSION

XBRL is gaining momentum and popularity in the financial
community and could someday be the electronic standard for
financial reporting on a global basis. Today, approximately 250
member organizations, including the FDIC, Fidelity Investments,
Dow Jones, Reuters, and other participants from both in and
outside the United States are involved in the XBRL initiative.
As evidenced by their involvement in the XBRL adoption, there
appears to be a growing level of interest in the financial
community, especially by information aggregators like Standard &
Poors, Reuters, EDGAR Online, and Moody’s, largely due to the
expectation that XBRL will facilitate collection, aggregation
and publication of financial data of publicly held companies.
While the XBRL initiative currently enjoys the support of a
large number of major organizations, it is unclear just how
extensive XBRL’s use and adoption will be. We believe wide
spread XBRL adoption is worthwhile, especially for small-cap
companies. While there are many constituents that will benefit
from the adoption of the XBRL format, we believe small-cap
companies and their investors are likely to be the biggest
winners. Even smaller companies would likely experience a
reduction erroneous data entry and the elimination of some costs
for composing and processing internal and external financial
reports. Yet for companies that may have been neglected by
third-party aggregators of financial information, the increased
visibility in the capital markets is even more valuable. The
availability of easily digested financial data on the small-cap
company should help in raising investment capital and gaining
research coverage. Such “small-cap” advantage would be an ironic
twist in an environment where regulatory and policy reforms are
often implemented with little consideration for the adverse
affects on smaller public companies.

ENDNOTES

(1) “XBRL: Enabling Faster, More Transparent Financial
Reporting”, John O’Rourke and Michael J. Malwitz, Hyperion 2003.
(2) “How XBRL Will Change Your Practice”, Eric E. Cohen and Neal
Hannon, The CPA Journal 2000.

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Hillary Cacanando, Cpa -
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Hillary Cacanando is a free-lance, buy-side analyst with
extensive experience in the capital markets from small-cap to
large-cap segments. Most recently she served as Investment
Banking Senior Valuation Analyst for Goldman Sachs. Previously
she had been Equity Research Analyst for both UBS Investment
Bank and Credit Suisse First Boston. Ms. Cacanando received a
Bachelor degree in accounting from Baruch College and a Master
of Business Administ

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