Post about "Business"

What to Look For in Government Accounting Software

Managing a local or county government is a big job that requires strict public accountability, organization, teamwork, and efficiency. Along with hiring the best people to fill positions of responsibility, selecting a reliable software system to help manage government accounting is of the utmost importance. If you are in a position of choosing the very best in software to help handle your government’s daily duties, here are some qualities to look for in government accounting software.– General FinancialTaxpayers and citizens are rightfully concerned with the proper use of their taxes and other funds that are channeled into their local governments. When purchasing a software suite, make sure that the financial end of the program is comprehensive enough to be able to handle virtually aspects of money management. For example, it should be flexible enough to be able to generate custom financial reports, take care of billings and payments, and contain an internal auditing system that double checks transactions on an ongoing basis. Individual data bases for every facet of the financial side of government ensure that actions are updated properly and everything runs as smoothly as possible with little room for error.– Human ResourcesIn addition to assisting with general financial matters, the software suite should help a government to manage its employees easily and efficiently. It should be able to organize and take care of payroll, payroll direct deposit, timekeeping, benefits, and every other aspect of human resource financial management.– Facilities managementA good software system will streamline a government’s utilities billing process, making the care of facilities expenses easier and more efficient. You should be able to prorate services, automate meter reading, and even use a billing module to pay bills automatically and directly from the government’s accounts.The government accounting software suite should be user-friendly and intuitive with simple menus that can be easily understood and used by employees with a wide range of computer skills. It should be able to interface with other areas within the accounting department to maximize communication and share data when needed. Of course, there should be security checks in place that restrict access and provide an additional safety net to ensure that all financial transactions are being performed by the proper persons at the right times. People in charge should be able to know what information was changed, when it was changed, and who changed it at the touch of a button.Running a government is difficult enough without having to constantly struggle with the management of its computer systems. Make sure to choose software from a company with a healthy track record of providing incredible products along with excellent service.

S&P 500 Rallies As U.S. Dollar Pulls Back Towards Weekly Lows

Key Insights
The strong pullback in the U.S. dollar provided significant support to stocks.
Treasury yields have pulled back after touching new highs, which served as an additional positive catalyst for S&P 500.
A move above 3730 will push S&P 500 towards the resistance level at 3760.

Pfizer Rallies After Announcing A Huge Price Hike For Its COVID-19 Vaccines
S&P 500 is currently trying to settle above 3730 as traders’ appetite for risk is growing. The U.S. dollar has recently gained strong downside momentum as the BoJ intervened to stop the rally in USD/JPY. Weaker U.S. dollar is bullish for stocks as it increases profits of multinational companies and makes U.S. equities cheaper for foreign investors.

The leading oil services company Schlumberger is up by 9% after beating analyst estimates on both earnings and revenue. Schlumberger’s peers Baker Hughes and Halliburton have also enjoyed strong support today.

Vaccine makers Pfizer and Moderna gained strong upside momentum after Pfizer announced that it will raise the price of its coronavirus vaccine to $110 – $130 per shot.

Biggest losers today include Verizon and Twitter. Verizon is down by 5% despite beating analyst estimates on both earnings and revenue. Subscriber numbers missed estimates, and traders pushed the stock to multi-year lows.

Twitter stock moved towards the $50 level as the U.S. may conduct a security review of Musk’s purchase of the company.

From a big picture point of view, today’s rebound is broad, and most market segments are moving higher. Treasury yields have started to move lower after testing new highs, providing additional support to S&P 500. It looks that some traders are ready to bet that Fed will be less hawkish than previously expected.

S&P 500 Tests Resistance At 3730

S&P 500 has recently managed to get above the 20 EMA and is trying to settle above the resistance at 3730. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum in case the right catalysts emerge.

If S&P 500 manages to settle above 3730, it will head towards the next resistance level at 3760. A successful test of this level will push S&P 500 towards the next resistance at October highs at 3805. The 50 EMA is located in the nearby, so S&P 500 will likely face strong resistance above the 3800 level.

On the support side, the previous resistance at 3700 will likely serve as the first support level for S&P 500. In case S&P 500 declines below this level, it will move towards the next support level at 3675. A move below 3675 will push S&P 500 towards the support at 3640.