The Accounting Podcast

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Wrong Metrics, Wrong Conclusions Dec 16, 2021

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Show Notes

00:52 – Blake’s got a new Mac!

02:27 – David’s Bank-Feed Debacle

05:58 – The Threshold of Hell – Watching National Lampoon’s Christmas Vacation?

06:57 – Blake's Takeaways from Almost Inside Digital CPA

08:46 – It’s Time to Get Rid of the IT Department

https://www.wsj.com/articles/get-rid-of-the-it-department-11637605133

15:33 – The AICPA's Melancon: ‘The profession that constantly reinvents itself’ | Accounting Today

https://www.accountingtoday.com/list/the-aicpas-melancon-the-profession-that-constantly-reinvents-itself

19:35 – Accounting 4.0: Don’t become Blockbuster Video

https://www.accountingtoday.com/opinion/accounting-industry-4-0-is-happening-dont-become-blockbuster-video

22:45 – Are You Under-Pricing Your Client Accounting Services? - CPA Trendlines

https://cpatrendlines.com/2021/10/21/are-you-under-pricing-your-client-accounting-services/

29:49 – Voices Art of Accounting: Timesheet dispute redux | Accounting Today

https://www.accountingtoday.com/opinion/art-of-accounting-timesheet-dispute-redux

30:35 – A Timesheet Debate & Why Work Takes So Long

https://podcast.earmarkcpe.com/episodes/the-great-timesheet-debate-with-ed-mendlowitz

33:05 – Blake’s Timesheet Use Case

35:35 – What Is a “Reasonable” Number of Work Hours? - CPA Trendlines

https://cpatrendlines.com/2021/10/11/what-is-a-reasonable-number-of-work-hours/

38:39 – New QuickBooks research reveals the impact of late payments on mid-sized businesses

https://quickbooks.intuit.com/r/growing-complex-businesses/midsize-payments-research/

44:08 – Majority of Mid-Sized Businesses Outgrow Technology or Overpay for Unused Features

https://investors.intuit.com/news/news-details/2021/Majority-of-Mid-Sized-Businesses-Outgrow-Technology-or-Overpay-for-Unused-Features/default.aspx

46:00 – Here’s How You Zoomed Over the Past Year - Zoom Blog

https://blog.zoom.us/how-you-zoomed-over-the-past-year-2021/

51:07 – H&R Block names Xero a preferred solution provider

https://www.accountingtoday.com/news/h-r-block-names-xero-a-preferred-solution-provider

51:22 – Twitter comment from Zachary Owen, re: H&R Block

https://twitter.com/ZachJOwen/status/1469429680348479491

52:37 – Canopy raises $35M in latest funding round | Accounting Today

https://www.accountingtoday.com/news/canopy-raises-35m-in-latest-funding-round

Canopy’s Accounting Practice Revolution Receives $35M Injection

https://aithority.com/it-and-devops/cloud/canopys-accounting-practice-revolution-receives-35m-injection/

53:51 – Intuit QuickBooks Canada and Dataswitcher join forces to automate conversion to a cloud-based accounting solution

http://www.canadian-accountant.com/content/partner-posts/intuit-quickbooks-canada-and-dataswitcher-join-forces

54:22 – Oracle Gains After Sales Top Estimates on Cloud Performance

https://news.yahoo.com/oracle-gains-sales-top-estimates-215221263.html

54:48 – FreshBooks, Sensibill Bolster Small Business Expense Management

https://www.pymnts.com/smbs/2021/freshbooks-sensibill-bolster-small-business-expense-management/

54:58 – Kabbage® from American Express Launches Kabbage Funding™ to Help Simplify Funding for U.S. Small Businesses

https://www.businesswire.com/news/home/20211208005617/en/Kabbage%C2%AE-from-American-Express-Launches-Kabbage-Funding%E2%84%A2-to-Help-Simplify-Funding-for-U.S.-Small-Businetransactions

55:16 – Accounts payable automation startup Tipalti raises $270M, quadruples valuation to $8.3B

https://techcrunch.com/2021/12/08/accounts-payable-automation-startup-tipalti-raises-270m-quadruples-valuation-to-8-3b/

55:35 – CPA funding portal expands with loan-financing option for small biz clients | Accounting Today

https://www.accountingtoday.com/news/cpa-funding-portal-expands-with-loan-financing-option-for-small-biz-clients

57:29 – Facebook Message from Cathy Volk – Thank you!
https://business.facebook.com/CloudAccountingPodcast/inbox/

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4,000-Year-Old Case of Tax Avoidance Dec 09, 2021

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Show Notes

01:50 – NASBA stops giving universities info on CPA Exam performance | Accounting Today

https://www.accountingtoday.com/news/nasba-stops-giving-universities-info-on-cpa-exam-performance

02:57 – How to Prepare Students Now for the CPA Evolution

https://www.accountingweb.com/technology/how-to-prepare-students-now-for-the-cpa-evolution

05:57 – I finished my accounting degree, but the entry level pay is too low.

https://www.reddit.com/r/Accounting/comments/r9fekz/i_finished_my_accounting_degree_but_the_entry/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

07:58 – Grant Thornton adds benefits to entice and retain employees

https://www.accountingtoday.com/news/grant-thornton-adds-benefits-to-entice-and-retain-employees

12:50 – A 4,000-year-old tale of trade and contraband I Curator's Corner – YouTube

https://www.youtube.com/watch?v=bQIBf7eeXG8

15:38 – TikToks on how to use Excel spreadsheets are getting billions of views and building one of the best communities on the platform

https://www.yahoo.com/news/tiktoks-excel-spreadsheets-getting-billions-170843117.html

19:29 – Disgruntled HR executive trashed personnel files and deleted 17,000 resumes after being fired — now faces up to 15 years in prison – MarketWatch

https://www.marketwatch.com/story/ex-hr-exec-convicted-of-trashing-companys-personnel-records-and-deleting-17-000-resumes-after-being-fired-11629230357

21:45 – New Data Finally Shows Why People Are Quitting Their Jobs. It's Definitely Not Because They're Lazy

https://www.inc.com/bill-murphy-jr/new-data-finally-shows-why-people-are-quitting-their-jobs-its-definitely-not-because-theyre-lazy.html

25:03 – Thomson Reuters makes plans for new products | Accounting Today

https://www.accountingtoday.com/news/thomson-reuters-makes-plans-for-new-products

29:14 –Square Inc. is Now Block; Brand to Remain

https://www.pymnts.com/news/merchant-innovation/2021/square-inc-is-now-block-brand-to-remain/

29:24 – SCOTT GALLOWAY: Jack Dorsey has finally stepped down — and a new era of 'superapps' is dawning

https://www.businessinsider.com/scott-galloway-jack-dorsey-resignation-new-era-superapps-dawning-2021-12

31:26 – Intuit updates tax prep tools | Accounting Today

https://www.accountingtoday.com/news/intuit-updates-tax-prep-tools

32:46 – Let a Tax Expert Do Your Taxes for You With TurboTax Live Full Service!

https://blog.turbotax.intuit.com/turbotax-news/let-a-tax-expert-do-your-taxes-for-you-with-turbotax-live-full-service-50467/

35:25 – NoCode Development

https://www.liveca.ca/nocode-development

37:50 – H&R Block Selects Xero as Cloud Accounting Solution Provider for Assisted Bookkeeping

https://www.crowdfundinsider.com/2021/12/183701-hr-block-selects-xero-as-cloud-accounting-solution-provider-for-assisted-bookkeeping/

39:00 – Latest product news – December 2021 | Xero Blog

https://www.xero.com/blog/2021/12/product-news-dec-2021/

43:08 – Microsoft Teams Essentials is a new standalone version for small businesses

https://www.theverge.com/2021/12/1/22811605/microsoft-teams-essentials-price-features-availability

44:03 – Apple Introduces Business Essentials

https://smallbiztrends.com/2021/11/apple-introduces-business-essentials.html

45:20 – Apple introduces device management solution aimed at small business

https://techcrunch.com/2021/11/10/apple-introduces-device-management-solution-aimed-at-small-business/

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Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

Need Accounting Conference In...

Transforming Hotel Accounting With Megan Walker Dec 03, 2021

Show notes

Meet Our Guest:

Megan Walker, CPA -Vice President of Accounting and Finance at Oxford Corporate
https://www.linkedin.com/in/megan-walker-cpa-39843973/

Learn more about Oxford Collection:

https://www.oxfordcollection.com/

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Feed The Pig Dec 01, 2021

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Show Notes

0:07 – Happy After Thanksgiving! We have so much to be thankful for!

1:21 – Listener Mail – Are we really “anti-Desktop”? Thank you for your feedback, Peg!

1:48 – Defending Anti-Desktopness

5:35 – Is the Customer Really Always Right?

6:31 – Listener Mail – How the Feed the Pig campaign keeps the younger generation from becoming CPAs. Thanks, Eric!

7:27 – Tips for Promoting the Feed the Pig Savings Message

https://us.aicpa.org/volunteer/financialliteracyresourcecenter/ftp-tipsforpromoting

8:37 – The Subreddit – r/Accounting

https://www.reddit.com/r/Accounting/

9:44 – More on Theoretical v. Practical Training

13:15 – Listener Mail – A Professor's Take on Real-World Experience. Thank you, Jennifer!

13:49 – Tweet from Jennifer Johnson, CPA

https://twitter.com/JENJOHNSONCPA/status/1464604351985561617

15:20 – Why Not Work AT School?

17:51 – Director of Finance - Amulet Estate Winery

https://www.winebusiness.com/classifieds/winejobs/?go=listing&listingid=218327

18:38 – Assistant Controller - ODELL BREWING COMPANY

https://www.brewbound.com/jobs/57212-Assistant-Controller-Odell-Brewing-Company

21:05 – Accountants press IRS for faster refunds and responses | Accounting Today

https://www.accountingtoday.com/news/accountants-press-irs-for-faster-refunds-and-responses

24:06 – AmEx Pitched Business Customers a Tax Break That Doesn’t Add Up

https://www.wsj.com/articles/amex-pitched-business-customers-a-tax-break-that-doesnt-add-up-11637587980

29:32 – AmEx Fires Workers Over Payments Sales Pitches – CFO

https://www.cfo.com/tax/2021/11/amex-fires-workers-over-payments-sales-pitches/

30:19 – IRS plans to award $2.6B app development contract in Q1 of fiscal 2023

https://www.fedscoop.com/irs-plans-to-award-2-6b-app-development-contract-in-q1-of-fiscal-2023/

31:53 – Congress widens PPP fraud probe to more online financial companies

https://news.yahoo.com/congress-widens-ppp-fraud-probe-140022824.html

PPP companies Blueacorn, Womply added to congressional probe

https://www.usatoday.com/story/news/investigations/2021/11/23/ppp-companies-blueacorn-womply-added-congressional-probe/8730237002/

34:44 – B2B Spend Management Startup Payhawk Closes $112M Series B

https://www.pymnts.com/news/b2b-payments/2021/b2b-spend-management-startup-payhawk-closes-112m-series-b/

35:06 – Australian software firm simPRO raises $350 mln in new funding | Reuters

https://www.reuters.com/markets/deals/australian-software-firm-simpro-raises-350-mln-new-funding-2021-11-23/

36:11 – Story within the Story – simPRO Acquired ClockShark!

37:25 – 6 lessons from audit experts who adopted AI early

https://www.journalofaccountancy.com/news/2021/nov/6-lessons-audit-experts-adopted-ai-early.html

39:07 – Sage launches new platform to help launch and power up Accountants

https://www.enterprisetimes.co.uk/2021/11/24/sage-launches-new-platform-to-help-launch-and-power-up-accountants/

40:18 – How to Build Stronger Relationships With Colleagues in the Zoom Era

https://www.wsj.com/articles/build-stronger-relationships-on-zoom-11637608490

44:30 – David’s Big, Poofy, Sad Problem 😊

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CPA Evolution Is Missing The Weeds Nov 26, 2021

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Show Notes

3:57 – SPACs Headed for New Wave of Restatements for Accounting Errors

https://news.bloombergtax.com/financial-accounting/spacs-headed-for-new-wave-of-restatements-for-accounting-errors

5:57 – Senators Question Commissioner About Company Offering Fee-Based Access to IRS Phone Lines

https://procedurallytaxing.com/senators-question-company-offering-fee-based-access-to-irs-phone-lines/

11:55 – Opinion | IRS reform will generate a lot more revenue than the CBO thinks - The Washington Post

https://www.washingtonpost.com/opinions/2021/11/17/cbo-build-back-better-irs-revenue-too-low/

14:17 – AICPA, NASBA publish revised CPA Evolution Model Curriculum - Journal of Accountancy

https://www.journalofaccountancy.com/news/2021/nov/aicpa-nasba-revised-cpa-evolution-model-curriculum.html

17:20 – A closer look at the Model

20:55 – Practical v. Theoretical – which is better for accounting education?

22:14 – In the weeds – what’s missing from the revised CPA Evolution Model Curriculum?

26:21 – Can I get this in Excel? Faculty want the CPA Evolution Model Curriculum in Excel.

32:54 – The Sage Group plc (SGGEF) CEO Steve Hare on Q4 2021 Results - Earnings Call Transcript

https://seekingalpha.com/article/4470238-sage-group-plc-sggef-ceo-steve-hare-on-q4-2021-results-earnings-call-transcript

Sage posts 10% drop in operating profit after investing in cloud

https://finance.yahoo.com/news/sage-posts-10-drop-operating-072946722.html

Accelerating growth driven by continued strategic progress (PDF)

https://www.sage.com/investors/investor-downloads/press-releases/2021/11/full-year-2021-results-17-november-2021/

35:14 – Intuit inc (INTU) Q1 2022 Earnings Call Transcript

https://www.fool.com/earnings/call-transcripts/2021/11/18/intuit-inc-intu-q1-2022-earnings-call-transcript/

38:16 – Chimp Change – how QuickBooks Advanced is heading deeper into the midmark with MailChimp

Intuit: Monetizing Its Vast Data Treasure Trove by Creating Better Outcomes For Customers

https://seekingalpha.com/article/4470721-intuit-intu-stock-monetizing-vast-data-better-outcomes-for-customers

40:24 – What’s new in QuickBooks Online: November 2021 – QuickBooks

https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-november-2021/

44:53 – Practice Ignition raises $50M | Accounting Today

https://www.accountingtoday.com/news/practice-ignition-raises-50m

Practice Ignition lands $50M to scale globally

https://techcrunch.com/2021/11/17/practice-ignition-lands-50m-to-scale-globally/

46:29 – Formstack raises $425M for a no-code platform that helps businesses automate their customer and internal workflows

https://techcrunch.com/2021/11/18/formstack-raises-425m-for-a-no-code-platform-that-helps-businesses-automate-their-customer-and-internal-workflows/

47:22 – Paychex Adds Support for Vaccination Status Tracking to its COVID-19 Technology Solutions

https://www.wibw.com/prnewswire/2021/10/19/paychex-adds-support-vaccination-status-tracking-its-covid-19-technology-solutions/

47:52 – Pixie, the operating system for small accounting firms, pockets £2.25M to grow further

https://www.uktech.news/news/pixie-uk-startup-funding-20211118

48:36 – Accounting tech start-up to double headcount following funding boost

https://www.siliconrepublic.com/jobs-news/accounting-tech-start-up-double-headcount-funding-boost

49:24 – Scammers Clone Exec's Voice, Steal $35M From Bank

https://www.newser.com/story/312228/scammers-clone-execs-voice-steal-35m-from-bank.html

52:40 – Listener Voicemail. Thank you!

54:44 – We’ve Got a Review! Thank you!

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The Sage Advantage With CTO Aaron Harris Nov 22, 2021

Show notes

Meet Our Guest
Aaron Harris, Global CTO, Sage
https://www.linkedin.com/in/aaron-harris-7407b2/

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Check out our new website - accountingconferences.com

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Accounting Metaverse Nov 19, 2021

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Show Notes

2:43 – Our takeaways from Sage Transform, and news on upcoming CAP bonus interviews from the conference!

5:32 – Intacct and ADP Partner to Streamline Back-office Processes for Midsized Companies

https://www.sageintacct.com/press/intacct-and-adp-partner-streamline-back-office-processes-midsized-companies

8:02 – A little compare and contrast of NetSuite, and Sage Intacct

10:28 – Some thoughts on Sage’s global expansion, and their data mesh

12:17 – A few pros and cons on Sage, and Sage Transform — what’s wrong, what’s missing

18:38 – Sage highlights automation, mobile features | Accounting Today

https://www.accountingtoday.com/news/sage-highlights-automation-mobile-features

19:47 – We’ve got voicemail! Thanks, for the great feedback, Greg!

21:33 – We’re clarifying our point of view on crypto – its usefulness as a tool, and as an investment, and where the blockchain will take accounting in the future.

30:13 – Expensify Shares Pop 52% in Market Debut – CFO

https://www.cfo.com/the-cloud/2021/11/expensify-shares-pop-52-in-market-debut/

31:45 - Expensify is the Slack of Accounting

https://www.blakeoliver.com/blog/expensify-is-the-slack-of-accounting

32:04 – Expensify’s $263 million IPO breaks Oregon tech’s 17-year drought

https://www.oregonlive.com/silicon-forest/2021/11/expensifys-263-million-ipo-breaks-oregons-17-year-losing-streak.html

34:58 – Expensify IPO Could Make Nearly All 140 Employees Paper Millionaires, but There is a Catch, Insiders Say

https://www.businessinsider.com/expensify-ipo-employees-become-paper-millionaires-stock-grant-2021-11

We become a public company today [11/10/21]

https://community.expensify.com/discussion/8596/we-become-a-public-company-today-11-10-21

39:50 – Xero Acquires Inventory Management Company LOCATE Inventory

https://www.cpapracticeadvisor.com/accounting-audit/news/21246049/xero-acquires-inventory-management-company-locate-inventory

41:11 – Xero’s half year 2022 financial results | Xero Blog

https://www.xero.com/blog/2021/11/half-year-2022-financial-results/

How we’re enhancing inventory management in Xero | Xero Blog

https://www.xero.com/blog/2021/11/enhancing-inventory-management/

43: 51 – Sage adds Zapier to marketplace | Accounting Today

https://www.accountingtoday.com/news/sage-adds-zapier-to-marketplace

44:39 – Toast, Inc. (TOST) Q3 2021 Earnings Call Transcript

https://www.fool.com/earnings/call-transcripts/2021/11/10/toast-inc-tost-q3-2021-earnings-call-transcript/

45:37 – Bill.com Introduces New Product Features at Sage Transform, Continuing Innovation that Makes it Simple for Small and Midsize Companies and Accountants to Do Business

https://www.bill.com/about-us/press-release/billcom-introduces-new-product-features-sage-transforms

46:27 – Melio releases three new features

46:45 – Relay Financial releases a new set of features

47:56 – MyCase Announces Product Enhancements, Acquisitions to Enable Law Firm Success

https://www.prnewswire.com/news-releases/mycase-announces-product-enhancements-acquisitions-to-enable-law-firm-success-301419371.html

48:38 – LegalZoom Acquires Leading Virtual Mailbox Provider, Earth Class Mail

https://www.globenewswire.com/news-release/2021/11/10/2331550/0/en/LegalZoom-Acquires-Leading-Virtual-Mailbox-Provider-Earth-Class-Mail.html

50:44 – Payroll Software Startup Wrapbook Gets Unicorn Status After Latest Funding Round – Bloomberg

https://www.bloomberg.com/news/articles/2021-11-10/tiger-global-bets-on-wrapbook-vaulting-it-to-unicorn-status

51:58 – Zenwork raises $163M | Accounting Today

https://www.accountingtoday.com/news/zenwork-raises-163m

52:49 – Knowify secures $5.45M in Series A financing led by MassMutual Ventures and Companyon Ventures

https://www.prnewswire.com/news-releases/knowify-secures-5-45m-in-series-a-financing-led-by-massmutual-ventures-and-companyon-ventures-301422267.html

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Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and...

The Biggest Accounting Firm (And Top NetSuite Partner) You've Probably Never Heard Of Nov 17, 2021

Show notes

Meet Our Guest
Anurag Pal, CEO @ Escalon
https://www.linkedin.com/in/anurag-ap-pal/

Learn More About Escalon
https://escalon.services/

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Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.com
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Check out our new website - accountingconferences.com

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The NetSuite Data Warehouse Kicks Excel To The Curb Nov 17, 2021

Show notes

Meet Our Guests
Joav Bally: https://www.linkedin.com/in/joavbally/
Marc Holliday: https://www.linkedin.com/in/marc-holliday-42634558/

Learn More About NetSuite Data Warehouse
https://www.netsuite.com/portal/products/analytics/data-warehouse.shtml

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March of Dimes CFO Dave Damond Gives His Two Cents Nov 15, 2021

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Our Guest
Dave Damond, Sr VP/CFO at March of Dimes
https://www.linkedin.com/in/dave-damond-73853bb/

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