Expensify takes on Freshbooks with invoicing & billing features

Popular expense report startup Expensify has added the ability to invoice and bill clients from inside its cloud-based dashboard.

Tax-dodging tech companies escape $225B as Senate calls for reform

Fifty tech companies, including Microsoft, Apple, and Google, are avoiding paying $225 billion in taxes by sheltering their assets overseas, according to a new report in the Bay Citizen. Is this "capitalism" in the words of Google's Eric Schmidt, or does it hurt ordinary Americans?

Britain’s accounting watchdog to investigate Autonomy

Today, Autonomy is being investigated for misrepresenting its sales and accounting prior to the acquisition by Britain's accounting watchdog, the Financial Reporting Council.

Accounting software company Xero zeros in on QuickBooks with $67M

Online accounting software company Xero raises $67 million from venture capitalists, shareholders to take on QuickBooks' US dominance.

Autonomy founder lashes out at HP over failed acquisition

Autonomy founder Michael Lynch and HP, which acquired the company last year, are trading public statements over alleged financial improprieties at Autonomy that led HP to write off $8.8 billion recently.

Former HP CEO Apotheker ‘stunned’ by Autonomy fiasco, but defends the deal

HP's former CEO cleanly avoids blame over missing Autonomy's accounting issues.

HP takes whopping $8.8B charge over Autonomy accounting issues

HP's Autonomy purchase is the gift that keeps on giving...

Xero brings its smart & slick accounting software to Android

Accounting software businesses Xero has launched a new Android app to make accounting more mobile and real-time than ever in our increasingly fast-paced business exchanges.

Funding daily: go shopping for vintage clothes and Russian furniture

We’ve got a lot of stories this Wednesday for you. Click each link below to learn more about the day’s funding news.

If you’re hankering for more funding news throughout the day, you can subscribe to our Deals Channel RSS …

Wave Accounting gets funding to easily keep your company’s books in check

Small business startup Wave Accounting has raised $12 million in its second round of funding, the company announced today.

Wave, which offers free accounting software for small companies,  feels that managing “the books” is a complicated and dreaded task that …

Finovera is making your offline bank accounts cloud-ready

Bills, invoices, and bank statements are straddling the online and paper worlds, making organizing finances a messy task. Finovera is launching today in an attempt to collect these bills and make people trust accounting in the cloud.

Consumers receive more …

With stock price tumbling, shareholder lawyers see Groupon as juicy target

UPDATE: Groupon’s share price is now down more than 15 percent for the day.

Groupon’s stock has been falling since it revealed on Friday that it was revising its first quarter earnings to reflect a larger than expected loss. With …

ZenCash thanks your customers who pay, nags those who don’t

Small business payment management service ZenCash launches Monday, hoping to help startups and freelancers get paid on time.

“ZenCash helps you manage your payment plan of attack and manages the plan for you,” said ZenCash founder Brandon Cotter in an …

Small business accounting service Xero raises $16.6M

Xero, an online-accounting service for small businesses, announced today it has received $16.6 million in its latest round of funding. PayPal co-founder and early Facebook investor Peter Thiel participated in the round.

“Xero was started by a few entrepreneurs who …

Groupon to amend its IPO filing to remove unusual accounting metric

Deals site Groupon will be updating its S-1 filing yet again to remove an unusual accounting measurement, according to an article by AllThingsD.

ACSOI, or adjusted consolidated segment operating income, is a metric Groupon used to show income while excluding …