Sponsor Xero: http://cloudaccountingpodcast.promo/joinxero Show Notes 01:21 -- We got some more reviews! Leave us a review on iTunes and we’ll read it on the air. 02:33 -- Scroll to the comments of this review on The College Investor for some pretty scathing reviews of Visor, the $99 tax prep service we covered in the last episode of the Cloud Accounting Podcast (they did not have a good busy season). 03:15 -- Ryan Lazanis says that the only way traditional accounting firms can compete with acco...
Apr 29, 2019•38 min•Ep. 71
Sponsor Xerocon: http://cloudaccountingpodcast.promo/xerocon Show Notes 00:52 -- Welcome to our first guest co-host, Rachel Fisch ! 01:36 -- We got another review! Leave us a review and we’ll read it on the air. 02:32 -- Visor , the $99 app-based online tax service, did NOT have a great busy season. David’s got all the sordid details in a detailed LinkedIn article . 20:16 -- …and after all that, David didn’t even get to chat with Claudell :( 23:30 -- Zoom raises IPO price and could begin trading...
Apr 23, 2019•50 min•Ep. 70
Sponsor Xerocon: http://cloudaccountingpodcast.promo/xerocon Show Notes 00:53 -- Thanks for the reviews! Give us a review on iTunes and we’ll read it on the air. 01:51 -- The house passed a bill permanently banning the IRS from creating its own free online tax preparation software. Here’s the coverage in Huffington Post , Business Insider , and ProPublica . For the history on IRS-assisted tax prep and the arguments for and against, listen to Planet Money #760: Tax Hero . 08:43 -- As cashless sto...
Apr 15, 2019•42 min•Ep. 69
Sponsor Xerocon: http://cloudaccountingpodcast.promo/xerocon Show Notes 03:32 -- We got another review! If you like what you hear, do us a favor and leave a review on iTunes . 04:00 -- Intuit is creating 200 to 500 jobs at a new “ prosperity center ” in the small city of Bluefield, West Virginia. 06:16 -- A new study says the top benefit employees want is unlimited paid time off (PTO), putting that benefit ahead of wellness plans, phased retirement programs, paid sabbaticals, and free or subsidi...
Apr 07, 2019•36 min•Ep. 68
Sponsor Xero: http://cloudaccountingpodcast.promo/joinxero Show Notes 00:52 -- We got some more iTunes reviews! Leave us a review and we might read it on the air. 02:09 -- New usage rules for Intuit's popular accounting software could mean some customers will need to move to a pricier plan. And some entrepreneurs say it's one tweak too many . 06:26 -- The next "QuickBooks With Live Bookkeeping" test is up and running. Say bye bye to Claudell... and meet David! He's a "bookkeeper 17 years." The p...
Apr 04, 2019•39 min•Ep. 67
Show Notes 00:08 -- We got more reviews. Thank you! Give us a review on iTunes and we’ll read it on one of our weekly shows. 01:43 -- A survey revealed that you’ll get the best results from a blog post if you spend six hours working on it. 03:57 -- QuickBooks Live is now official — details on Intuit’s official Firm of the Future blog include the fact that Intuit has already hired 10 Boise-based ProAdvisors as part of the QuickBooks Live Bookkeeping team. 09:07 -- A survey by the IMA suggests tha...
Mar 25, 2019•31 min•Ep. 66
Show Notes 00:08 -- We got some reviews! Please do us a favor and give us a review on iTunes . 02:08 -- Might tax season be extended to make up for the partial Federal government shutdown? Two house Democrats have introduced a bill to extend the tax-filing deadline by 5 weeks. 03:51 -- Now you can track your team’s labor costs in QuickBooks Projects. 05:08 -- New limits in QuickBooks Online are causing some angst for ProAdvisors. Research from APQC suggests that Intuit set the limit on accounts ...
Mar 17, 2019•39 min•Ep. 65
Show Notes 00:10 -- Top 50 Women In Accounting 2018 — Practice Ignition — The winners ranked among the highest on an “anonymised scoring system which took into account the communication of professional and community achievements.” Check out Madeline Pratt’s Facebook Live panel discussion with nine of the winners which is also available on the Finding Fearless podcast . 02:48 -- Intuit Expert Connections — Intuit ProConnect — Thanks to one of our listeners for sending over a link to this “still i...
Mar 10, 2019•37 min•Ep. 64
Show Notes In this episode, Blake and David discuss: Intuit catches 'credential stuffing' attack on TurboTax account — Accounting Today — The software provider recently alerted Vermont that a cybercriminal had gained access to a state resident's account. How did they do it? Because the customer had used the same password on another site that got hacked. The lesson: Use a different password on every site! How do you do that? With a password manager. Intuit Inc. (INTU) CEO Sasan Goodarzi on Q2 201...
Mar 06, 2019•34 min•Ep. 63
Show Notes This episode is sponsored by Veem , the easiest way to send money internationally. Sign up today and earn 10,000 VeemBack points on your first transaction.* *Restrictions apply. Visit the Veem website for details. This bonus episode of the Cloud Accounting Podcast features an extended interview with Enrico Palmerino, CEO of Botkeeper, and his technical director Justin DoBosh. The interview was recorded via Facebook Live on Friday, March 1. It was organized by Cloud Accounting Podcast ...
Mar 03, 2019•1 hr 12 min•Ep. 62
Show Notes This episode is sponsored by Veem , the easiest way to send money internationally. Sign up today and earn 10,000 VeemBack points on your first transaction.* *Restrictions apply. Visit the Veem website for details. Recap of Botkeeper coverage and fallout, new questions, and the ethics of disclosing offshoring (00:53) In the previous episode , Blake and David discussed an email from Botkeeper CEO Enrico Palmerino to the firm’s accountant & CPA partners. In the email, Enrico revealed...
Feb 24, 2019•35 min•Ep. 61
Show Notes This episode is sponsored by Veem , the easiest way to send money internationally. Sign up today and earn 10,000 VeemBack points on your first transaction.* *Restrictions apply. Visit the Veem website for details. Is Botkeeper singing a different tune? In November 2018, Botkeeper raised $18 million from Greycroft and Gradient Ventures to use AI and machine learning to automate bookkeeping. Following the VC round, founder and CEO Enrico Palmerino told Accounting Today in December 2018 ...
Feb 19, 2019•35 min•Ep. 60
Show Notes This episode is sponsored by Veem , the easiest way to send money internationally. Sign up today and earn 10,000 VeemBack points on your first* transaction. *Restrictions apply. Visit the Veem website for details. Offer limited to one reward per account. Offer only applies to international payments, and only on standard exchange rates. USD to USD cross border payments are excluded. Qualifying payments must be $1000 USD or more. VeemBack Points will be added to qualifying accounts by A...
Feb 13, 2019•36 min•Ep. 59
Show Notes A new bank feeds process – simpler, faster, and more secure — Xero Blog — Now, to connect a new bank feed you can download a pre-populated application form in Xero with information about your organisation and bank account details. Simply sign and date the form, scan and upload it back into Xero and they'll take care of the rest. Dropbox Buys HelloSign To Improve Document Workflow — PYMNTS — Dropbox, the cloud storage company, announced Monday (Jan. 28) that it has acquired HelloSign, ...
Feb 09, 2019•23 min•Ep. 58
Show Notes According to a new pricing page on the QuickBooks website, Intuit is now offering QuickBooks software plus access to “real bookkeepers to help you manage your business” for between $210 and $350 per month. Now QuickBooks customers can “Get valuable insights from unlimited one-on-one conversations with an experienced bookkeeper that knows your business.” How does it work? "A QuickBooks Bookkeeper sets up your books via live video chat and is available for you all year long.” Blake and ...
Feb 07, 2019•36 min•Ep. 57
Show Notes @davidleary @BlakeTOliver another case for unlimited PTO: female retention. I use 1/3 of my PTO on vacation, 1/3 on my sick kids 😷, 1/3 I hoard so I have paid maternity leave. Women have different PTO needs then men, when can we recognize that and come up with a solution?— Kelly Mann (@TheCPAMann) January 24, 2019 Why we are calling for the definition of the word ‘accountant’ to be changed — Xero — Xero is calling for The Oxford English Dictionary to "change its out of date definitio...
Jan 31, 2019•38 min•Ep. 56
Show Notes Females underrepresented at the AICPA Annual Executive Roundtable — Twitter — Dan Hood, editor of Accounting Today, shares Barry Melancon’s complaint that only 22 percent of accounting firm partners are women — and that we need to do better. Meanwhile, only 5 to 10 percent of attendees at the roundtable were women this year. Super Bowl LII Will Feature An Ad About Expense Reports — AdAge — The Super Bowl marks Expensify's first ever TV ad. Tax season could still be ‘ugly’ as 57% of IR...
Jan 24, 2019•36 min•Ep. 55
Show Notes Accounting salaries remain high in 2019 — Accounting Today — Accounting professionals in the public accounting space should feel good entering the New Year, as average salaries have once again increased due to stiff hiring competition among firms. KPMG IT Advisory Associate Looking for Love on ‘The Bachelor’ — Going Concern — Onyeka Ehie will be trying to make the House of Klynveld proud as she tries to woo the heart of Colton Underwood in the new season of "The Bachelor." Plaid Buys ...
Jan 17, 2019•25 min•Ep. 54
Show Notes E-Verify AND E-Verify SERVICES ARE UNAVAILABLE — e-verify.gov — E-Verify and E-Verify services are currently unavailable due to a lapse in government appropriations. What the federal shutdown could mean for tax season — CNBC — Accountants are worrying about the prospect of an extended federal shutdown as tax season approaches. That means there's a possibility that tax refunds may be delayed and it could be difficult to get your questions answered by the IRS. What you should know. @IRS...
Jan 10, 2019•24 min•Ep. 53
Show Notes 2019 Hiring and Compensation Trends for Accounting Firms — CPA Practice Advisor — Check out these six trends hiring managers in public accounting need to know, as identified by research for the 2019 Robert Half Salary Guide for Accounting and Finance Professionals. 35 years ago, Isaac Asimov was asked by the Star to predict the world of 2019. Here is what he wrote — The Star — The famed science fiction writer was wrong about a world government, but pretty close on robots. On computers...
Jan 08, 2019•40 min•Ep. 52
Show Notes KPMG to fine staff £100 for late time sheets — The Guardian — The accounting company said it would impose the penalties if staff were late to file their time sheets, which record how long employees spend on tasks. British politician pledges to break up 'cartel' of big four accounting firms in radical overhaul — Business Insider — Leader of the Labour Party, John McDonnell, told the Financial Times that the big four firms which include EY, KPMG, Deloitte and PwC form a "cartel" that ne...
Dec 30, 2018•29 min•Ep. 51
Show Notes David Leary on Twitter : "Sometimes I feel like the entire accounting and bookkeeping industry is getting flooded by "social media influencers” that have no real legs to stand on…" Joe Woodard on Twitter : "We thank @Xero for their sponsorship of Scaling New Heights Online…” Right Networks Eyes SMB App Connectivity With Propelware Acquisition — PYMNTS — Small business (SMB) cloud accounting firm Right Networks has announced the acquisition of Propelware in an effort to connect its acc...
Dec 19, 2018•30 min•Ep. 50
Show Notes KPMG Moves into Small Business Tax and Accounting Services with Spark — Accounting Today — Big 4 accounting and business consulting firm KPMG LLP, is making a play for the small business tax and accounting services market with the launch of a new online system called KPMG Spark. The service is the result of the acquisition by KPMG of the cloud bookkeeping system then known as Bookly. Deloitte Joins Forces with Legacy Advantage to Grow Services in Western Canada — Legacy Advantage — De...
Dec 15, 2018•21 min•Ep. 49
Show Notes Cloud ERP: The Time Has Come - CFO Magazine - Low up-front costs, hands-off maintenance, and automatic updates make cloud systems deserving of a serious look Why Blockchain May Never Benefit Corporations (Podcast) - Bloomberg - The Odd Lots podcast chats with Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultimately it won’t get them anywhere. He explains the limitations of the technology, and where he sees ac...
Dec 10, 2018•36 min•Ep. 48
Show Notes Intuit Reports First Quarter Revenue Increased 12 Percent Led by 42 Percent Growth in Small Business Online Ecosystem Revenue — Intuit Investor Relations — The company announced financial results for the first quarter of fiscal 2019, which ended Oct. 31. QBConnect 2018 - the review no-one else will write — Matt Paff on LinkedIn — Intuit’s theme for QuickBooks Connect was “Anything is Possible” but Matt thinks it should have been “Legacy.” Blink and it’s a Bank: Intuit Blurs Boundaries...
Dec 01, 2018•31 min•Ep. 47
Show Notes VIDEO: Blake chats with Amy Vetter at the AICPA Controllers Conference — LinkedIn — I caught up at the FloQast booth with award-winning executive, author, and keynote speaker Amy Vetter at the AICPA Controller's Conference to chat about how modern accounting departments are refocusing to become proactive service centers as opposed to reactive cost centers . Xero’s half year 2019 financial & operating results — Xero Blog — Xero is up to 1.6 million subscribers, with 380,000 added i...
Nov 18, 2018•22 min•Ep. 46
Show Notes Accounting firms challenged in adapting to technology changes — Accounting Today — Only 25 percent of accounting firms feel extremely confident about their ability to keep pace in the current environment of technology changes, according to a report Accountants in small and midsized practices embracing more technology, but feeling pressures — Accounting Today — Accountants who work in small and midsized practices are using more technology to serve their clients better, as well as attra...
Nov 15, 2018•16 min•Ep. 45
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Nov 07, 2018•14 min•Ep. 44
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Nov 06, 2018•15 min•Ep. 43
Show Notes Sage Intacct delivers quadruple win for Finance teams — Enterprise Times — Sage Intacct announced new features at its annual conference, including Sage Intacct Budgeting and Planning, an Interactive Custom Report Writer, and General Ledger Allocations. David Leary joins AutoEntry — Intuitive Accountant — David Leary has joined AutoEntry and will be serving as their principal technology evangelist moving forward. Are you getting paid what you are worth? Results of the 2018 Intuit Avera...
Nov 04, 2018•18 min•Ep. 42
