Show Notes Join Blake and David at the Practice Ignition QBC Precon Party ! — It’s November 4th (the night before QuickBooks Connect) Register here: https://landing.practiceignition.com/qbc-precon From the mail bag: Heather Smith shares that Australia is introducing PAYID , an ID that allows people to direct payments independent of what bank you use. Should give Australians an amazing freedom to more easily change banks! Worldpay Finds Contactless Payments Surpass Chip, Pin Card Purchases — PYMN...
Oct 24, 2018•26 min•Ep. 41
Show Notes 53% of accountants’ clients ready for Making Tax Digital launch — Accountancy Daily — Significant numbers of accountants’ clients are still struggling to prepare for the advent of Making Tax Digital for VAT, which is now only six months away, according to the Association of Accounting Technicians (AAT) Outsource Everything but Accounting, Quality Control and Sales — Entrepreneur — Michael Houlihan & Bonnie Harvey argue that "It’s almost impossible to get... critical numbers in a t...
Oct 15, 2018•20 min•Ep. 40
Scott runs Operations at Kruze Consulting , a fast growing Startup CFO Consulting firm that works with over 160 startup clients. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. In addition to his Operations responsibilities, Scott runs the Venture Debt Consulting practice at Kruze. In his spare time, Scott publishes the Founders & Friends Podcast , which interviews Startup CEO's, Investors and Other Service Providers in the Startup Ecosystem. Connect w...
Oct 13, 2018•22 min•Ep. 39
Blake and David reconnect to talk about what's new in the worlds of QuickBooks and NetSuite. Intuit is discontinuing their QuickBooks Desktop Advanced ProAdvisor Certification — could this be the beginning of the end for desktop? Meanwhile, NetSuite is soaring according to the latest Oracle quarterly results. NetSuite also announced their new "Banking as a Service" or "BaaS" offering, which will allow banks to connect directly to NetSuite's ERP to process payments and reconcile transactions, jus...
Oct 06, 2018•26 min•Ep. 38
Learn more about intheBlk software at http://www.intheblksoftware.com . Subscribe: Listen on iTunes Listen on Google Play...
Oct 01, 2018•20 min•Ep. 37
Connect with Sean on LinkedIn and Twitter . Subscribe: Listen on iTunes Listen on Google Play...
Sep 25, 2018•24 min•Ep. 36
Show Notes New Bank Feeds using Tokens — Insightful Accountant — This overhaul provides a faster and more reliable method for connecting with your bank so that your account transactions stay up to date with fewer sync errors. Initially, three banks agreed to participate in the new connection type; Chase, Wells Fargo and Bank of America. China Tariffs Threaten Cloud Costs — Wall Street Journal — The Trump administration’s proposed tariffs on $200 billion of Chinese goods includes levies of up to ...
Sep 22, 2018•24 min•Ep. 35
Stories in this episode: Stephen Kelly ousted as Sage CEO after dismal results and faltering transformation — Diginomica Why Technology Won't Hurt Client Relationships — AccountingWeb Kevin Garnett Sues Accountant Over $77 Million Lost To Wealth Manager — CBS Boston Xero expands machine learning features for small businesses — ZDNet The Top 100 Most Influential People in Accounting — Accounting Today How Blockchain Is Disrupting Enterprise Finance And Accounting Departments — CMSWire The Account...
Sep 15, 2018•23 min•Ep. 34
Show Notes Buy Xero for Dummies on Amazon Watch Heather Smith’s popular YouTube channel Listen to the Cloud Stories podcast Subscribe to Heather Smith's email newsletter Subscribe Listen on iTunes Listen on Google Play...
Sep 07, 2018•29 min•Ep. 33
Stories in this episode: CPA Practice Advisor Announces the "40 Under 40" and "20 Under 40" for 2018 — CPA Practice Advisor Accounting Partners are just Franchisees — Medium The Story of a Remote CPA in Indonesia with No Internet Connection — Ryan Lazanis’ Blog FASB simplifies accounting for cloud computing service costs — Journal of Accountancy Bitcoin Accepted [Everyw]here: Square Wins Patent for Cryptocurrency Payment Network - CNN Subscribe: Listen on iTunes Listen on Google Play...
Sep 01, 2018•16 min•Ep. 32
Show Notes Learn more about Practice Ignition and connect with Guy Pearson on LinkedIn . Visit his accounting firm Interactive Accounting . Read The Global Talent Crunch report by Korn Ferry to learn how global talent shortages will constrict growth for organizations and economies in the future of work. Buy The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers by Ben Horowitz on Amazon. Subscribe: Listen on iTunes Listen on Google Play...
Aug 30, 2018•33 min•Ep. 31
Stories in this episode: Intuit CEO Brad Smith to Step Down — WSJ Brad Smith will step down as Intuit CEO at end of year — CNBC Sage Group shares plummet as Deutsche Bank downgrades software firm to 'sell' — Proactive Investors Thomson Reuters debuts cloud accounting app for small businesses — Accounting Today The one ASX company Bronte Capital thinks could be a $100b global tech giant — Australian Financial Review Best Practices for the Month-End Close: Interactive Panel Discussion with Account...
Aug 25, 2018•23 min•Ep. 30
Stories in this episode: Meet the 15-year-old who's the Microsoft Excel world champion (which is a real thing) — CNN Minding the expectation gap in a CAS engagement — Journal of Accountancy Subscribe: Listen on iTunes Listen on Google Play...
Aug 19, 2018•14 min•Ep. 29
Stories in this episode Xero acquires Hubdoc — Accounting Today Welcoming Hubdoc to the Xero family — Xero Blog Subscribe: Listen on iTunes Listen on Google Play...
Aug 08, 2018•14 min•Ep. 28
Learn more about Geni and what she’s up to at evenanerd.com and mentorplus.com (an organization that teaches accountants how to be better consultants to their clients). Subscribe: Listen on iTunes Listen on Google Play...
Aug 06, 2018•23 min•Ep. 27
Stories in this episode GAO: U2F Security Keys Could Protect Taxpayers — Tom's Hardware Gusto raises $140 million to go after small business payroll and benefits with more gusto — TechCrunch Xero acquires Hubdoc — Accounting Today Stampli raises $6.7M in Series A funding to streamline invoice management — TechCrunch Balancing “We” and “Me”: The Best Collaborative Spaces Also Support Solitude — Harvard Business Review Subscribe: Listen on iTunes Listen on Google Play...
Aug 04, 2018•21 min•Ep. 26
Stories in this episode: NetSuite Outage Idles Finance Departments — CFO Google: Security Keys Neutralized Employee Phishing — Krebs on Security Human Resources Firm ComplyRight Breached — Krebs on Security Subscribe: Listen on iTunes Listen on Google Play...
Jul 29, 2018•27 min•Ep. 25
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Jul 29, 2018•32 min•Ep. 24
Stories in this episode: What is the cloud? Inside a secret Microsoft site that’s securing your data — Today Accounting software biz Intuit flogging bit barn to throw its lot in with AWS — The Register Bringing full-service payroll to customers in all 50 states — Xero Blog Certify acquires Abacus — Accounting Today Subscribe: Listen on iTunes Listen on Google Play...
Jul 23, 2018•13 min•Ep. 23
Stories in this episode: Hey Mid-Market, Xero and Intuit are coming! — Digital First Subscribe: Listen on iTunes Listen on Google Play...
Jul 22, 2018•35 min•Ep. 22
Stories in this episode: Hey Mid-Market, Xero and Intuit are coming! - Digital First Labor Costs Will Skyrocket Over the Next Decade - CFO.com Global Business Payment Is Becoming Much Easier - Bill.com Subscribe: Listen on iTunes Listen on Google Play...
Jul 18, 2018•25 min•Ep. 21
Stories in this episode: Here's How The New Postcard-Sized 1040 Differs From Your Current Tax Return The New Tax Form Is Postcard-Size, but More Complicated Than Ever California Unanimously Passes Historic Privacy Bill California Passes Groundbreaking Consumer Data Privacy Law With Fines for Violations Analysis: The California Consumer Privacy Act of 2018 Subscribe: Listen on iTunes Listen on Google Play...
Jul 12, 2018•19 min•Ep. 20
Questions asked in this episode: Does the decision affect sales of services online across state borders in addition to goods? Are there any strategies businesses can use to avoid sales or quantity thresholds for collecting sales tax? Will we see an increase in states taxing services? What process or technology should we look at for tracking sales by jurisdiction? Is it even worth it to comply? Will Amazon help out Amazon Marketplace sellers by doing more to track and collect sales tax? Are there...
Jul 01, 2018•24 min•Ep. 19
Stories in this episode: Last week’s IPO, Avalara, is today’s big winner in internet tax rally — Accounting Today — Shares in the sales tax management firm rose as much as 32 percent after Wednesday’s ruling, extending gains to more than double since its public debut last week. Supreme Court rules that internet businesses must collect all state and local sales taxes — Los Angeles Times — Check out this article for a chart showing states that will benefit most from the Supreme Court decision, inc...
Jun 23, 2018•19 min•Ep. 18
Stories in this episode: IRS budgets $291M on technology for tax reform — Accounting Today — The Internal Revenue Service plans to spend close to $300 million to implement the new tax law, including approximately $20 million for an estimated 450 new forms, instructions and publications. Cloud Technology Advances the Accounting Profession: A Survey of Accounting and Finance Professionals — FloQast — 85% of accounting organizations face challenges hiring and retaining their talent. What are more t...
Jun 19, 2018•19 min•Ep. 17
Stories in this episode: Aprio to acquire HPC — Accounting Today — Aprio LLP, a Top 100 Firm, has signed an agreement to acquire HPC , a cloud-based accounting firm that services its clients online. Top 10 Accounting Firm IT Survey Surprises — CPA Practice Advisor — An IT survey reports that more than half of midsize and large accounting firms (51%) have outsourced their entire IT infrastructure to the cloud. This is a noticeable increase from 2016, when only 23% had made the jump. Vermont will ...
Jun 13, 2018•16 min•Ep. 16
Stories in this episode: The Indicator - Time Bandits [Podcast] - Take a listen to Planet Money’s new daily podcast. This episode features time tracking software and how some employers’ policies are potentially causing “wage theft” by shorting employees on their paid breaks and rounding down to the quarter hour increment. Business Insider - Slack's latest product update proves that vendor lock-in is over, but you may never want to leave Slack again - A new feature in Slack allows developers to b...
Jun 02, 2018•20 min•Ep. 15
AutoEntry began life as OCREX, a tool for extracting transactions from paper bank statements. Not long after, the company expanded to extracting information from other types of documents, including receipts, purchase orders, and invoices. One thing that makes AutoEntry different than other document processing solutions is that it can extract full line item detail from documents, making it very powerful for businesses that need to get granularity out of their bills. The pricing is also different ...
Jun 01, 2018•28 min•Ep. 14
Stories in this episode: Microsoft, Commonwealth Bank, KPMG partner for Wiise joint venture — ZDNet Wiise Guys: KPMG Teams Up with CBA Bank to Sell Microsoft Accounting Software — Digital First PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal — TechCrunch Become EXCEL-lent: Excel Tips & Tricks for Accountants — FloQast Subscribe: Listen on iTunes/Apple Podcasts Listen on Google Play...
May 20, 2018•18 min•Ep. 13
Mentioned in this episode: Buffett’s Berkshire Braces for ‘Wild’ Swings From New Accounting — Bloomberg Net Worth Composition By Levels Of Wealth: Build A Business Already — Financial Samurai The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers — Bloomberg Episode 823: Planet Monet — Planet Money Subscribe: Listen on iTunes/Apple Podcasts Listen on Google Play...
May 17, 2018•12 min•Ep. 12
