Cloud Accounting Podcast

Cloud Accounting Podcast

www.cloudaccountingpodcast.com
The Cloud Accounting Podcast is the #1 accounting and bookkeeping podcast in the world.


What Intuit, Xero, and Sage Earnings Say about Cloud Accounting
May 26 • 58 min
We kick things off with an analysis of Intuit, Xero, and Sage earnings announcements, plus a roundup of new cloud accounting app features, and a new blockchain app from Grant Thornton. Then we return to the PPP with the latest guidance from the SBA. Plus:…
No “Mo” PPP Loan Forgiveness for Reality Star
May 18 • 57 min
A reality star has been charged with fraud for using his $2 million PPP loan to buy a Rolls Royce and bling! We’re back with more news about the latest PPP guidance, plus the impact of COVID-19 on accounting jobs, some follow-up on MyPayrollHR, and…
Demand for PPP Cools Due to Worries About Loan Forgiveness
May 11 • 47 min
Could the tax deadline get extended again? The White House is considering it! Also, demand for the Paycheck Protection Program among small businesses has suddenly cooled, in part due to worries about bad PR and potential issues with loan forgiveness.…
Let the PPP Blame Games Begin
May 3 • 41 min
Before it could even get started, round two of the Paycheck Protection Program (PPP) ran into problems with the SBA website failing to handle the deluge of applications from banks both big and small. The blame game intensifies, with private schools…
Controller’s Code: The Secret Formula to a Successful Career in Finance
Apr 29 • 47 min
Mike Whitmire of FloQast joins the show to preview his new book for accountants, “Controller’s Code: The Secret Formula to a Successful Career in Finance”. We discuss how accounting teams are holding up in quarantine, why so many first-time controllers…
PPP Round 2 May Be Over Before It Even Started
Apr 27 • 62 min
In this episode, we cover a survey that shows the impact of COVID-19 on the accounting profession, why the second installment of Paycheck Protection Program money may already be spoken for, how federal CARES Act unemployment benefits are ruining PPP, and…
The PPP is out of Money — Here’s What We Got for $349 billion
Apr 19 • 57 min
On Thursday the U.S. Treasury announced that the SBA’s Paycheck Protection Program had run out of money. Now Republicans and Democrats are squabbling about whether or not to add more money to the pot. But perhaps first we should ask, what did the first…
Is PPP Failing? We Get Answers from the AICPA
Apr 11 • 57 min
Erik Asgeirsson, CEO at CPA.com, and Mark Koziel, EVP of Firm Services at the AICPA, join the show for an episode all about the Small Business Administration’s Paycheck Protection Program (PPP), which was created by the CARES Act two weeks ago to help…
Heather Smith on the COVID-19 impact in Australia
Apr 7 • 5 min
Heather Smith, chartered accountant and host of the Cloud Stories podcast, “calls in” to the show and gives us an update on what’s going on with coronavirus / COVID-19 in Australia. We’d love to hear how you’re doing, too! Call our listener voicemail box…
Coronavirus is Faster Than the Stimulus
Apr 6 • 42 min
There’s nothing fast about the consumer, corporate, and small business protections that have been created to get us through the COVID-19 pandemic. We’re covering a lot, including problems with the SBA Paycheck Protection Program (PPP); how the IRS can…
Navigating the SBA Paycheck Protection Program
Apr 3 • 51 min
Michael Ly and Sabrina Parsons joined David and Blake to explain the Small Business Administration’s Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP). Michael Ly, is the founder of Reconciled, a remote bookkeeping firm that is…
Will $2T Stimulus Pay for Accountants’ Self Hair Cuts
Mar 30 • 55 min
We ask: When will things go back to normal? Blake has some ideas thanks to a spreadsheet and some polls of experts • The founder of Paychex worries that “keeping the economy closed as it is could be worse than losing a few more people.” • The AICPA has an…
Tax Deadline Extended, IRS Yet to Confirm
Mar 21 • 46 min
We’re joined by tax expert, tax attorney, author, and Forbes columnist Kelly Phillips Erb AKA @taxgirl. Kelly gives us the rundown of what’s been going on in Congress with tax deadline extensions, small business relief due to coronavirus, and more. We…
How Much Does a CPA Make?
Mar 17 • 47 min
Congratulations to Practice Ignition’s Top 50 Women in Accounting 2019! Also, the union representing IRS workers is concerned about the agency’s coronavirus response, the impact of Covid-19 on remote work, Icahn is shorting commercial office space, tech…
COVID-19 Impact on the Accounting Industry
Mar 14 • 38 min
BREAKING NEWS: David and Blake record a special episode to make sense of the rapidly changing coronavirus and COVID-19 news impacting the accounting industry.
Why Women Leave Accounting Firms
Mar 9 • 48 min
We cover a lot of ground in this episode, starting off with what companies are disclosing about coronavirus risks. Then, we touch on the Wells Fargo fake accounts scandal, how Shark Tank ‘Shark’ Barbara Corcoran got her $400,000 back from scammers, and…
Accounting for Coronavirus
Mar 3 • 54 min
We’ve got a lot of news to keep you occupied this week, including how Shark Tank host, Barbara Corcoran, lost $400K due to invoice scam; Intuit’s Q2 Earnings call & plans for Credit Karma; and how high housing costs contribute to the growth of remote…
Debit Intuit, Credit Karma
Feb 24 • 61 min
We kick things off with the breaking news that Intuit is expected to acquire Credit Karma for $7 billion. Meanwhile, the Nevada Democrats used spreadsheets to caucus without a hitch, Bloomberg and the Democratic Primary debate becomes an advertisement for…
Trump wants to kill the PCAOB
Feb 18 • 57 min
With Valentine’s Day 2020 on the books, we’re sharing the love with a wealth of news, including how the Trump Administration wants to kill the PCAOB — and we agree; how the ransomware industry is growing at startup pace; the latest trends in remote work;…
How Excel Helped Win (Steal?) the World Series
Feb 10 • 54 min
In this episode: How Intuit plans to recruit QuickBooks Live bookkeepers inside of QBO (could they be coming after your staff?); Chase’s WePay could turn into a general ledger app; the MyPayroll HR bank gets sued; AICPA CEO Melancon says CPA licensing is…
Tax Software Ranked & Summit Hosting Ransomwared
Feb 3 • 53 min
David traveled into the future to retrieve the earworm from the TurboTax Super Bowl commercial and subject us all to its terrors. Meanwhile, here in the now, we’re talking about how CCH tops tax software, the AICPA backs legislation to present report on…
We’ve Got No Goodwill for Goodwill & the Pentagon Sucks at Accounting
Jan 26 • 55 min
We’ve got as full agenda of stupid financial, accounting, and digital tricks on today’s episode, including how Google manipulates search results to trick you into clicking on ads, why goodwill is sparking division, KPMG’s unveiling of a…
Visa acquires Plaid & Intuit makes ChronoBooks exclusive to QBO Advanced
Jan 19 • 58 min
Grab a snack, there’s a lot to talk about in this episode! We talk about Visa’s acquisition of Plaid, how Intuit has made ChronoBooks exclusive to QuickBooks Online Advanced, and Expensify’s newest release - Karma Points. We’ll also dig into the reasons…
It’s tax season! (and the best time to steal your competitors’ clients)
Jan 15 • 59 min
It’s Tax Season! In this episode, we talk about how much tax cheaters really cost everyone else, some IRS Free File updates, dealing with 1099s and how tax season might actually be the best time to boost your firm’s business. We also examine a survey from…
The best and worst 2020 predictions (and some of our own)
Jan 12 • 55 min
It’s January and you know what that means… Everyone is making predictions! We cover the best and worst predictions for the profession, and make some of our own. In this episode: Accountex USA is no more, what’s next for blockchain, what’s next for…
How California’s new privacy and contractor laws could affect you
Jan 6 • 51 min
We dive deep into two laws that took effect January 1: 1) California’s Consumer Privacy Act and 2) AB-5, which reclassifies many independent contractors as employees. Even if you aren’t based in California, these laws could affect you or your firm,…
Reflecting on a Decade of Cloud Accounting
Jan 2 • 45 min
We look back from the end of 2019 all the way to 2009 — a decade in which technology changed our lives and the accounting profession. Listen for what worked, as well as the tech predictions from the 2010s that aged badly. QR codes, anyone? Also, hear the…
Should you buy Bill.com stock?
Dec 21, 2019 • 36 min
In this episode, we cover a lot of accounting ground, including some reasons for and against investing in Bill.com now that it’s public on the New York Stock Exchange. We also examine the threat to California’s credit from the troubled $1B state…
CPA licensure evolves at an evolutionary pace
Dec 16, 2019 • 49 min
Blake is back from the AICPA’s Digital CPA Conference with news about the new proposed CPA licensure model announced at the conference. Meanwhile, David’s got an update on QuickBooks Live. Also, the four best technologies for CPAs, more woes surrounding…
The Coaches 🎙 Live at QuickBooks Connect
Dec 13, 2019 • 22 min
What better place than QuickBooks Connect 2019 to bring together three accounting coaching phenoms? We’re joined by Michael Palmer, CEO of Pure Bookkeeping, Heather Townsend, Founder of Accountants Millionaire Club, and Michelle Weinstein, Founder of the…
The Legends 🎙 Live at QuickBooks Connect
Dec 13, 2019 • 20 min
At QuickBooks Connect 2019, we got the chance to bring together three legends of the QuickBooks world. Michelle Long, owner of Long for Success, LLC, Clayton Oates, Founder of QA Business, and Laura Redmond, CEO of Redmond Accounting joined us for a…
Value pricing panel becomes value pricing consultation 🎙 Live at QuickBooks Connect
Dec 12, 2019 • 19 min
At QuickBooks Connect 2019, we originally planned a discussion with three thought leaders on the topic of value pricing, including Rhondalynn Korolak, author of the recently released, “Pricing Value.” However, life happens, and two panelists had to bow…
Next Level Women Leaders 🎙 Live at QuickBooks Connect
Dec 12, 2019 • 28 min
Three of the four women behind Next Level Women Leaders take a seat at our table during this year’s QuickBooks Connect. Co-founders Laura Tully, Nancy Buffington, and Stacy Ennis, along with Abbey Louie created a training/coaching/motivating platform to…
We interview a real-life QuickBooks Live bookkeeper 🎙 Live at QuickBooks Connect
Dec 11, 2019 • 14 min
Claudell was nowhere to be found at QuickBooks Connect 2019, but we discovered a real-life QuickBooks Live bookkeeper - Pam Bingham EA, founder of PB Tax and Accounting Services! We get the lowdown on the QuickBooks Live experience, from a bookkeeper’s…
The year ahead for accounting & why remote work works
Dec 10, 2019 • 35 min
We made the Accounting Today Top 100 Most Influential list! Also, we talk about some of the key takeaways from the Accounting Today annual firm survey, how Sage is attempting to capitalize on QuickBooks Live, Xero’s pricing changes, and bundling of…
What’s new for QBOA and ProAdvisors 🎙 Live at QuickBooks Connect
Dec 9, 2019 • 24 min
We spoke with Ariege Misherghi, Intuit’s Global Accountant Segment Leader, at QuickBooks Connect 2019 about what’s happening with QBOA, and ProAdvisors, including new features, like the Optimization Center, Bookkeeping Review, and Performance Overview. We…
Latest on QuickBooks Live Bookkeeping 🎙 Live at QuickBooks Connect
Dec 9, 2019 • 22 min
During our visit to QuickBooks Connect 2019, we got the chance to sit down with Ted Callahan, Director of QuickBooks Live Offering for Intuit and talk about the latest goings on with QuickBooks Live Bookkeeping, including new feature developments, major…
The Canadians! 🎙 Live at QuickBooks Connect
Dec 8, 2019 • 23 min
Good day, eh? At QuickBooks Connect 2019, we got the chance to connect with our northern neighbors, Intuit’s Scott Zandbergen, and Cheryl Monmohan, and CA Brad Celmainis, to get the latest news on QuickBooks in Canada.
HIPAA, privacy, and accountants 🎙 Live at Sage Intacct Advantage
Dec 6, 2019 • 20 min
Our great time at Sage Intacct Advantage 2019 continues, as we take some time to talk with Mariana Antcheva, VP Legal for Sage Intacct. We dive into all things HIPAA, privacy, security, compliance, and some of the newest regulations that may impact…
Why ethics and culture matter 🎙 Live at Sage Intacct Advantage
Dec 5, 2019 • 30 min
While at Sage Intacct Advantage 2019, we had the privilege of speaking with Kelly Richmond Pope, Ph.D, CPA about the importance of ethics and culture in accounting, and how she uses her passions for film, fraud, and learning to disrupt the world of…
Is the billable hour making a comeback?
Dec 4, 2019 • 50 min
Blake and David dig into the news over Thanksgiving weekend, including how Gusto and Zenefits have abruptly ended key integrations, what accounting firms can learn from Amazon’s strategy, and how to know when fixed fee pricing isn’t working. We’ve also…
Let’s talk subscription revenue models 🎙 Live at Sage Intacct Advantage
Dec 3, 2019 • 21 min
During Sage Intacct Advantage 2019, we took some time to speak with David Appel, Head of Software and Saas Vertical at Sage Intacct about how maximizing value creation for clients takes precedence over billable hours, or recurring revenue. David discusses…
Career path: CPA ➡ CFO ➡ CEO 🎙 Live at Sage Intacct Advantage
Dec 3, 2019 • 17 min
At Sage Intacct Advantage 2019, we had the privilege of speaking with Laura Wiler, Vice President, Finance and Business Operations at Sage Intacct, about her career trajectory, how she landed at Sage Intacct, the difference between accounting and finance,…
Family offices: How the ultra-wealthy manage their money 🎙 Live at Sage Intacct Advantage
Dec 3, 2019 • 21 min
How do the ultra-ultra-ultra-ULTRA-wealthy manage all that money? Some utilize what is known as a family office. We sat down with Angelo Robles, Founder and CEO of Family Office Association, at Sage Intacct Advantage 2019, to talk about what exactly a…
Is bookkeeping a $10 billion market opportunity? Intuit thinks so
Nov 26, 2019 • 53 min
All the news that’s fit to account for, including: Bill.com files for $100M IPO; Sage releases their full year 2019 results; Intuit releases Q1 earnings; Bench partners with Taxfyle for monthly, fixed-fee books-to-tax service; BlueVine raises $102.5M;…
Eliminating the financial close with AI 🎙 Live at Sage Intacct Advantage
Nov 25, 2019 • 16 min
“AI changes everything” — that was one of the themes of the Sage Intacct Advantage conference this fall. To discuss what that means for the Intacct product, we’re joined by Aaron Harris, CTO of Sage (and one of the founders of Intacct), Brendan Woods,…
How DonorsChoose scaled to $100M+ on cloud ERP 🎙 Live at Sage Intacct Advantage
Nov 21, 2019 • 11 min
Not-for-profits aren’t always thought of as the most innovative companies, but the accounting team at DonorsChoose shatters that stereotype. Learn how they’ve grown to $175 million in annual revenue in six years while at the same time only adding one…
What is mid-market and why should accountants care? 🎙 Live at Sage Intacct Advantage 2019
Nov 20, 2019 • 19 min
Founded in 1999, Sage Intacct was one of the earliest cloud accounting applications on the market — and now one of the most successful. That’s why David and Blake were eager to sit down at Sage Intacct Advantage with Rob Reid, Chairman Mid-Market…
Intuit acquires ChronoBooks & news from Xerocon London
Nov 18, 2019 • 60 min
David and Blake are back from weeks on the road and ready to dig into the news, including: Intuit has acquired ChronoBooks to bundle with QBO Advanced; Xero released their half year 2020 results, partnered with TransferWise for electronic bill payments…
A rundown of QuickBooks Online news from #QBConnect
Nov 13, 2019 • 33 min
We’re recording at QuickBooks Connect 2019 in San Jose with David DiNardo, owner of ENVOLTA Inc (one of the fastest-growing cloud accounting firms in Canada), and Valerie Heckman of Intuit. Join us for an episode jam-packed with the latest QuickBooks…
Getting to know Acuity LIVE from AcuityCon in Atlanta
Nov 8, 2019 • 40 min
When Kenji Kuramoto and Matthew May founded Acuity, an innovative, cloud-based financial services firm, could they have possibly imagined that they would someday be hosting The Cloud Accounting Podcast for a live recording session with 80 staff as our…
#AccountexUSA: Meet Cash Flow Mike
Nov 4, 2019 • 20 min
Mike Milan AKA “Cash Flow Mike” is one of the highest-rated instructors at the nation’s most prestigious banking schools on the topic of financial management for small business owners. He sat down with us at Accountex USA this summer to talk about why…
#AccountexUSA: Getting to know the Latino market
Nov 3, 2019 • 31 min
Blake and David sat down with Jose Zavala and Tony Martinez at Accountex USA in Boston this past summer to learn about the quickly expanding Latinx market for accounting and bookkeeping services, the challenges and opportunities for both professionals and…
Want to be a co-host at QuickBooks Connect?
Nov 1, 2019 • 1 min
David and Blake want one of our listeners that are attending QuickBooks Connect to help us co-host an episode of the podcast. Give it a listen for the details.
#AccountexUSA: What do accountants care about? We ask the editors
Oct 31, 2019 • 27 min
What is top of mind for accountants these days? How do they view automation and the endless entreaties by influencers in the profession to dump compliance and shift to advisory services? To find out, we sat down at Accountex USA in Boston with editors of…
Why GAAP is outdated & news from Sage Intacct Advantage
Oct 29, 2019 • 43 min
David and Blake are recording live at Sage Intacct Advantage and ready to share the latest news about Sage — But first! — We dial up Ethan Rouen of the Harvard Business School for a lively discussion about the inadequacies of modern GAAP (Generally…
Square Books is here — is accounting next?
Oct 22, 2019 • 43 min
We’ve seen a photo of Michael Mann! Also, Square released Square Books, which Blake and David suspect could one day soon power a Square Accounting product — which could easily be the biggest threat to Intuit since Xero. We’ve got updates from Xero, Slack,…
#AccountexUSA: Making remote work… work!
Oct 21, 2019 • 19 min
We’re joined for a second time, at Accountex USA in Boston, by Roman H. Kepczyk, CPA, and Director of Firm Technology Strategy for Right Networks. This time we’re examining the benefits of remote work, and talking about some of collaboration tools and…
#AccountexUSA: Ransomware is rampant
Oct 20, 2019 • 17 min
Roman H. Kepczyk, CPA, Director of Firm Technology Strategy for Right Networks, joined the show at Accountex in Boston to talk security for accounting and bookkeeping firms. Listen to learn what you need to be doing as a firm owner to protect your firm…
Everyone wants to be a bank for small business
Oct 18, 2019 • 61 min
In this episode, there’s a ton of accounting and bookkeeping news! QuickBooks might now be bigger than Xero in the UK, Expensify launches a commercial card, Veem and Xero get integrated, an accounting matchmaking platform raises $10M in financing, Intuit…
#AccountexUSA: Fraud can be funny (and fun) when you’re Dawn Brolin
Oct 17, 2019 • 29 min
The insightful and hilarious accounting rockstar Dawn Brolin, CFE, CPA, joins Blake and David at Accountex in Boston to talk about everyone’s favorite topic, FRAUD! From the fraud triangle, to stupid fraudster tricks, to how you, too, with a few…
David & Blake get schooled!
Oct 6, 2019 • 50 min
We’re joined by Jennifer Johnson, CPA, and Sr. Lecturer in Accounting at the University of Texas at Dallas, along with her entire Accounting Information Systems class — our very first virtual studio audience! We take a break and let the students share…
The best job in America… is for accountants!
Sep 29, 2019 • 61 min
It’s a jam-packed episode of accounting and bookkeeping news, including: CPA Practice Advisor announces the 2019 “40 Under 40”; Sage acquires AutoEntry; a CPA exam in Canada that turned into the “Fyre Festival for accountants”; VLOOKUP is dead, long live…
#AccountexUSA: Your accounting firm might be subject to sales tax
Sep 26, 2019 • 42 min
The sales tax implications of the South Dakota v. Wayfair, Inc. United States Supreme Court decision are far reaching — perhaps even more than accountants and bookkeepers realize! Blake and David sat down with sales tax experts Dena Oberst and Diane…
Lawyer up! The MyPayrollHR fraud saga continues
Sep 25, 2019 • 54 min
Gusto’s Will Lopez joins us to give his take on the continuing MyPayrollHR fraud saga. This week, Cachet gets hit with multiple class-action suits; Michael Mann, CEO of MyPayrollHR, lawyers up with a defense attorney specializing in white-collar crime,…
Going deep on the MyPayrollHR fraud with Wendy Slavkin of Cachet Financial Services
Sep 19, 2019 • 37 min
SPECIAL BREAKING NEWS EPISODE: Wendy Slavkin, General Counsel for Cachet Financial Services, joins Blake and David to discuss the MyPayrollHR fraud story. Wendy, who possibly is the last person to have spoken with MyPayrollHR CEO Michael Mann before he…
#AccountingShowLA: The Insanity of Cannabis Accounting & Tax
Sep 18, 2019 • 31 min
At the 2019 Accounting & Finance Show L.A., we met up with cannabis accounting experts, Bruce and Thomas Andersen to learn some of the ins and outs of accounting for cannabis, and talk about the insanity that is California’s assorted layers of cannabis…
Everything we know about the $35 million MyPayrollHR payroll fraud
Sep 14, 2019 • 46 min
This week in accounting & bookkeeping news, we’ve got continuing coverage on the mind-boggling $35 million MyPayrollHR fraud. In other news, QuickBooks Live is trying out volume-based pricing, Gusto has a pretty sweet work environment, complete with…
Did Clio raise $250 million to build “Clio Live”?
Sep 12, 2019 • 33 min
In this episode, we cover Xerocon Brisbane announcements, a phenomenal $250 million VC raise by Clio, a niche law-firm app, and their plans to build a QuickBooks Live-type service offering. In other news, we look at some product offerings from SmartBooks,…
#AccountingShowLA: Things you need to know if you want to sell (or buy) an accounting firm!
Sep 9, 2019 • 29 min
Blake and David met up with two seasoned mergers & acquisitions experts, Dr. Curtis Cochran, and Shannon Hay, at the Accounting & Finance Show LA to ask them what accounting and bookkeeping firm owners need to know if they want to sell or buy a firm…
Sock Puppets: How many fake profiles are you connected to on LinkedIn?
Sep 7, 2019 • 53 min
In this episode, Blake and David explore the world of fake accounting news and LinkedIn’s sock-puppet infestation, and share some ways to scope out the faux connections in your list. In other news, Sage Intacct is taking root in the Land Down Under,…
Do bookkeepers have more to offer?
Aug 30, 2019 • 43 min
We’re joined by entrepreneur/accounting professional Meghan Blair-Valero for our weekly accounting and bookkeeping news update. There’s a lot of ground to cover, including Intuit’s latest earnings release, which includes a 33-percent increase in QBO…
#Xerocon San Diego: What the heck is advisory anyway?
Aug 27, 2019 • 24 min
If you’ve been to any conferences this year, you know that everyone is talking about how advisory services are the hot new thing that every accounting firm needs to be offering as compliance gets automated. But what does that mean, exactly? The Cloud…
#Xerocon San Diego: The Jamies of Hubdoc (acquired by Xero)
Aug 26, 2019 • 20 min
At Xerocon 2019 in San Diego, Blake and David met up with Jamie McDonald and Jamie Shulman - The Two Jamies - of Hubdoc, which was acquired by Xero last year for $70 million in cash and equity. This year, Jamie McDonald was appointed to the role of…
What price ethics? Auditors stand to lose earnings in exchange for integrity
Aug 19, 2019 • 41 min
Blake and David explore the high cost of integrity in the audit profession, a survey showing that accounting firms are hiring more non-accounting grads, and why it’s so hard for AI startups to be straightforward about the human component. Also: How Apple…
Dear AICPA! I Wrote Your Concession Letter
Aug 15, 2019 • 50 min
Ben Wann, CMA, MBA, CPA joins our weekly news update to read his “Dear AICPA” letter on the air and discuss the latest accounting happenings, including: notable industry exits by Jennifer Warawa from Sage, Matt Rissell from TSheets, and even our own Blake…
#Xerocon San Diego: LivePlan’s Sabrina Parsons, CEO, and Kathy Gregory, Director of Strategic Development
Aug 12, 2019 • 35 min
Blake and David chat with Sabrina Parsons, CEO of LivePlan, and Kathy Gregory, LivePlan’s Director of Strategic Development at Xerocon 2019 in San Diego. They cover a range of issues from advisory and strategic planning to leveraging AI to build a better…
Ransomware attacks continue!
Aug 10, 2019 • 43 min
A dentist (and former Survivor contestant) made the evening news in Orlando after his QuickBooks file was targeted by hackers. Plus: Blake and David get political, updates on TurboTax and QuickBooks Live, LinkedIn’s new features that should help…
#Xerocon San Diego: Shawn Kanungo, Disruption Strategist, Founder, and Keynote Speaker
Aug 6, 2019 • 39 min
Blake sits down with Shawn Kanungo, at Xerocon San Diego 2019 after his keynote, to discuss all things experimentation, disruption, innovation, storytelling, and where the accounting industry is headed, especially if firms can’t let go of their nostalgia…
Is your QuickBooks secure in the cloud? Four hosting companies ransomwared
Aug 1, 2019 • 54 min
Blake and David celebrate their 100th episode of The Cloud Accounting Podcast with guest Rachel Fisch by discussing the ongoing iNSYNQ ransomware debacle, the challenges of using AI to perform audits, where to find top accounting talent, how OnDeck aims…
SNH19: Mayumi Young, Social Innovator and Founder of CPA MOMS®
Jul 31, 2019 • 21 min
David meets up with Mayumi Young, Founder and CEO of CPA MOMS®, at Scaling New Heights 2019 to talk time, technology, and how Society 5.0 will take over where the Information Age left off. In addition to her extensive CPA career, Young is a social…
News Update with Marie Phillips, CPA and Jennie Taber, CPA at the Accounting & Finance Show LA
Jul 25, 2019 • 35 min
Los Angeles CPAs Marie and Jennie join the podcast at the #AccountingShowLA to discuss the iNSYNQ QuickBooks hosting ransomware attack, how Trump’s tax law threatened TurboTax’s profits (and how Intuit fought back), the sad statistic that only 60% of…
#Xerocon San Diego: Ben Richmond, VP of Business Growth at Xero
Jul 20, 2019 • 18 min
Ben Richmond joins Blake and David to talk advisory, compliance, and innovation in this interview recorded live at Xerocon in San Diego in June 2019.
Why Amazon — and accounting firms — have no choice but to retrain their workers
Jul 16, 2019 • 32 min
This week, Blake and David explore how the forces of low unemployment, outsourcing, and automation work to balance each other out in a time of rapid change. Amazon, a pioneer in automation, apparently thinks it will still need humans, at least in the near…
SNH19: Jina Etienne, CPA, CGMA, takes a holistic approach to diversity
Jul 15, 2019 • 18 min
David sits down at Scaling New Heights with Jina Etienne, CPA, CGMA, and Director of Diversity & Inclusion at Grant Thornton LLP. In her role, Jina is responsible for developing and implementing Grant Thornton’s firm-wide D&I strategy. She shares GT’s…
California requires bot disclosure, texting clients after hours, Walmart lays off hundreds of accountants, and more
Jul 13, 2019 • 30 min
Blake and David discuss the latest cloud accounting news, including a California law that means chatbots have to disclose they’re not human, a survey showing that 73% think it’s OK to text clients after business hours, Walmart’s recent layoffs of hundreds…
AICPA ENGAGE: Jason Deshayes, Accounting Advisory leader at Elliott Davis
Jul 9, 2019 • 15 min
Jason joins Blake at AICPA ENGAGE in Las Vegas to chat about niching in the dental industry (and now craft beer industry), whether or not it’s possible to train accountants to do advisory, working with remote clients, why Jason isn’t afraid of copycats,…
AICPA ENGAGE: Liz Mason, Byron Patrick, & Rachel Fisch
Jul 8, 2019 • 31 min
Blake sits down with Rachel, Byron, and Liz to discuss the top threats facing the accounting profession, the best opportunities for CPAs as robots take over lower level tasks, the SEC’s lawsuit against Kik, which is accused of conducting a $100 million…
SNH19: Desktop Accounting Podcast
Jul 7, 2019 • 10 min
David snagged an exclusive interview with Lori and Ollie, the co-hosts of the Desktop Accounting Podcast, the #1 podcast in the world for accountants and bookkeepers who are happy with their on-premises accounting solutions and have no interest in moving…
Accounting Salon Interviews: Nayo Carter-Gray of 1st Step Accounting
Jul 3, 2019 • 18 min
A lover of all things technology, Nayo lives by the motto “Dance like no one is watching”. This EA, MBA, mother, wife, and proud dog owner is a resident of Baltimore, Md. – a city she’s lived in for more than half her life. Nayo joined Blake and David for…
Your post spring conference season news roundup
Jul 1, 2019 • 58 min
Blake and David get caught up on all the news that slipped by during AICPA Engage, Scaling New Heights and Xerocon, plus David’s got some new intel on QuickBooks Live. Facebook announced a new cryptocurrency, B2B IPOs are triggering investor zeal, a…
#Xerocon: Tony Ward, President of the Americas at Xero
Jun 30, 2019 • 18 min
Tony Ward, just one month into his new gig running Xero for the United States and Canada, drops by the mobile podcast recording studio for an interview at Xerocon in San Diego. We ask Tony about Xero’s plans for San Francisco, how Xero plans to crack open…
SNH19: Rich Preece of Intuit talks QuickBooks Live and how customer demand is driving industry transformation
Jun 27, 2019 • 27 min
David caught up at the Scaling New Heights conference in Salt Lake City with Rich Preece, Senior VP and US Country GM for Intuit QuickBooks. Rich talks about the genesis of QuickBooks Live (which at the time of this interview was only two weeks old), how…
#Xerocon San Diego: Xero and Stripe Join Forces
Jun 21, 2019 • 22 min
Blake and David are reunited again in San Diego at the end of Day 1 of Xerocon! David wonders if accountants and bookkeepers are getting fed up with “fetching,” and Blake shares the biggest news stories from Xerocon so far, including Xero Tax Mapper as…
SNH19: Right Networks Challenges QuickBooks Online
Jun 19, 2019 • 15 min
David is on the ground in Salt Lake City reporting from the Scaling New Heights conference. He’s got the highlights from the QuickBooks Online keynote, as well as a new “Always On” capability developed by Right Networks, which claims to have made…
Is the CPA Worth it in 2019, 2020, 2021…? Also, H&R Block Acquires Wave and Xero Appoints Jamie McDonald to Lead Accounting & Global Services
Jun 16, 2019 • 48 min
Blake is back from the annual AICPA Engage conference with lots of questions about the future value of the CPA. Meanwhile, H&R Block announced that they are acquiring Wave Financial, a provider of accounting software to millions of small businesses. Looks…
Interview and Demo of CORE with BQE Software CEO Shafat Qazi on Facebook Live
Jun 15, 2019 • 59 min
This episode is sponsored by BQE Software and was recorded via Facebook Live on June 14th. David and Blake interview BQE Founder and CEO Shafat Qazi, who then gives us a demo of BQE Core, a cloud-based solution that offers integrated accounting, project…
AICPA ENGAGE: Megan Lewczyk, CPA & Ryan Lazanis, CPA, CA
Jun 13, 2019 • 36 min
At the annual ENGAGE conference in Las Vegas, Blake, Megan, and Ryan discuss the value of the CPA license in a rapidly shifting professional landscape, H&R Block’s acquisition of Wave Financial (the free invoicing and accounting software), QuickBooks Live…
Accounting Salon Interviews: Clint Bowers of Smart Business Concepts
Jun 13, 2019 • 14 min
In this interview recorded in May 2019 in New Orleans, Blake and David chat with Clint Bowers, CPA and founder of Smart Business Concepts (https://www.smartconcepts.co/) in Dallas, Texas. Before starting his own firm, Clint was a Vice President and…
It’s a Bot! Live Interview and Demo of Gappify Alan with Founder & CEO Jotham Ty
Jun 11, 2019 • 38 min
This bonus episode features an interview and demo with Jotham Ty, founder and CEO of Gappify (https://www.gappify.com/), which builds “Bots for Accountants, By Accountants.” Jotham shares what inspired him to build a bot for accountants, and in…
Another AI Startup Aims to Eliminate Accountants
Jun 10, 2019 • 40 min
Georges raises $11.2 million to automate accounting, Canopy releases tax prep software, IRS to stop faxing, Free File stripped from IRS bill, continuous testing is in the cards for the CPA exam, ATAX expands nationwide, sign-in with Apple ID is coming to…
Accounting Salon Interviews: Amanda Aguillard of Elefant Training
Jun 5, 2019 • 9 min
David and Blake catch up with Amanda Aguillard, founder of the Accounting Salon, a different sort of accounting-focused gathering in its second year in New Orleans. Amanda shares what inspired her to start her own conference, why it’s called a “salon,”…
QuickBooks Live Could be a Top 100 Firm by 2020, Fake Bots from Google, Roger Raises $7.35M to Automate Accounting with AI, and Why the NSA Might be to Blame for the CCH Malware Attack
Jun 3, 2019 • 40 min
Blake crunches the numbers and figures that if Intuit meets its publicly stated goals, QuickBooks Live will likely be a $60 million per year accounting firm by 2020, (depending on whether or not you’d call an on-demand bookkeeping service an accounting…
Accounting Salon Interviews: Kenji Kuramoto of Acuity
May 29, 2019 • 15 min
David and Blake catch up with Kenji Kuramoto, CPA, at the 2019 Accounting Salon in New Orleans. Kenji shares how his Atlanta-based firm Acuity is taking the reverse trajectory of many firms when it comes to services, getting into bookkeeping and then tax…
Over 6 Million Small Businesses Using Cloud Accounting: QuickBooks and Xero Numbers Compared
May 27, 2019 • 57 min
We dig into the latest Intuit and Xero earnings reports to figure out who is winning the battle to conquer the world of small business cloud accounting. Also, one controller used the IRS to steal $2.8M, TurboTax uses a “military discount” to trick troops…
Intuit Grows More Defensive, CCH Gets an IRS Extension, QuickBooks Live Quintuples, and Xero Has a New Americas President
May 20, 2019 • 48 min
This week, ProPublica got its hands on an internal video from Intuit CEO Sasan Goodarzi to his 9,000 employees defending the company’s actions before and after the Free File fiasco. Meanwhile, Wolters Kluwer negotiated on behalf of its customers with the…
Wolters Kluwer Cloud Tax Products Go Down for Almost a Week After Malware Attack
May 12, 2019 • 50 min
This past week, Wolters Kluwer’s CCH tax software division suffered a malware attack. In response, the company took offline a number of CCH products for 3 to 4 days, causing significant disruption to accounting firms, especially midsize and large ones. In…
How Intuit and H&R Block May Have Tricked Low-Income Americans into Paying to File Their Taxes
May 6, 2019 • 41 min
We go in-depth on ProPublica’s IRS Free File investigation that has implicated H&R Block and Intuit in misleading schemes to push taxpayers who could have gotten their taxes done for free into paid offerings. Also, follow-up on QuickBooks with Live…
Is Intuit marketing QuickBooks with Live Bookkeeping to clients of ProAdvisors?
Apr 29, 2019 • 37 min
David found some more Visor reviews (they aren’t so great); how personalized service is one way traditional accounting firms can compete against these new “accounting startups;” we mourn the passing ofHenry Bloch, the “H” in H&R Block; Blake recalls his…
Visor fails, Pilot raises, and the arrogance of the tech industry in accounting
Apr 23, 2019 • 49 min
Rachel Fisch joins the podcast as our special guest! We discuss David’s investigation of Visor, which did NOT have a great busy season. In other news, Zoom is about to go public, online tax filing is on the rise, Pilot (the AI accounting startup) raised…
Congress to ban IRS from creating online tax filing software, more CPA firms allowing work from home, update on QuickBooks Online Advanced, and how to brainwash your staff with an app
Apr 15, 2019 • 41 min
The house passed a bill permanently banning the IRS from creating its own free online tax preparation software; as cashless stores grow, so does the backlash; at least one educator is still teaching people how to use Quicken for business accounting;…
The top benefit employees want is unlimited PTO (but most CPA firms don’t offer it), how you can evolve to compete with platforms, and California spent $1B on accounting software that doesn’t work
Apr 7, 2019 • 36 min
Intuit is hiring in West Virginia; a new study says the top benefit employees want is unlimited paid time off, but not many CPA firms offer it; what accountants and bookkeepers can learn from taxi companies; NetSuite announces Brainyard, a free…
Small biz owners not happy with Intuit’s new rate limits, details on the latest QuickBooks Live test, how to start a virtual bookkeeping business, and more
Apr 4, 2019 • 39 min
Here’s your weekly accounting and bookkeeping news roundup (with a tech-focused twist). Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you feel like being super nice, give us a review on iTunes.
QuickBooks Live, busy season Saturdays, the gender pay gap, bans on cashless stores, upcoming accounting conferences, and more
Mar 25, 2019 • 30 min
Here’s your weekly accounting and bookkeeping news roundup (with a tech-focused twist). Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you feel like being super nice, give us a review on iTunes.
Could the tax-filing deadline be extended? Also, why accountants should be worried about bots and fake AI startups, and Canopy lays off 40% of its staff
Mar 17, 2019 • 38 min
In this week’s accounting news roundup: how tax season could be extended by 5 weeks, the latest QuickBooks updates and problems with new usage limits, Louisiana gave out $26 million in extra tax refunds by accident, why you need to be concerned about tech…
Congrats to the Top 50 Women in Accounting! Also, details on Intuit’s “Expert Connections” test, how many accounts you should have in your CoA, and more
Mar 10, 2019 • 36 min
Shoutouts to some of our favorite people on the new Top 50 Women in Accounting list by Practice Ignition, details on “Intuit Expert Connections,” another test that Intuit is running to gauge interest in a marketplace to connect tax pros and tax firms, a…
QuickBooks Live on the Intuit earnings call, how GoDaddy’s “do it with me” program could be a harbinger for ProAdvisors, community feedback on QuickBooks Live, and why job switchers make more money
Mar 6, 2019 • 33 min
Can you believe it? A question about QuickBooks Live made it into the latest Intuit earnings call! In other Intuit news, the company recently caught and stopped a hack. Find out how you can protect yourself from similar attacks. Also, we take a look at…
Interview and demo with Botkeeper CEO Enrico Palmerino on Facebook Live
Mar 2, 2019 • 72 min
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…
It’s people! The Botkeeper investigation continues; Avalara buys AI tech; Intuit earnings; new limits in QuickBooks; and more
Feb 23, 2019 • 35 min
We dig into the Botkeeper website, press coverage about the firm, the CEO’s public statements, and review sites to try and figure out what exactly Botkeeper claims to be, and how significantly that differs from the reality, which includes a team of…
Is Botkeeper singing a different tune? Follow up on QuickBooks Live, IRS internal controls are a joke, a VERY expensive accounting textbook, and JP Morgan is getting into the blockchain game
Feb 19, 2019 • 35 min
In November 2018, Botkeeper raised $18 million to use AI and machine learning to automate bookkeeping. Following the round, founder and CEO Enrico Palmerino said that Botkeeper is “a full bookkeeper replacement; it’s a robo-bookkeeper.” Yet according to…
What we know so far about QuickBooks Live, Intuit’s “test” of assisted bookkeeping services; FreshBooks adds double entry accounting; KPMG UK gives up on SMB accounting; and more
Feb 13, 2019 • 35 min
Blake and David review what we know so far about QuickBooks Live, Intuit’s “assisted bookkeeping” service that the company was seemingly attempting to launch under the radar. A competing “Software Plus a Service”, inDinero, did not try to hide its…
The “hybrid” skills that tomorrow’s jobs will require, humans come out on top at the world’s first robot hotel, why leaders shouldn’t worry about absenteeism, and more
Feb 9, 2019 • 23 min
A bunch of app news, including Xero’s “improved” bank feeds sign up process, Dropbox acquiring HelloSign, a pet services app merger, and Stripe raising more money. Former SBA head Karen Mills’ thinks that small business banking is going to get a lot…
Is Intuit launching an Uber for Bookkeeping? Thoughts on “QuickBooks with Live Bookkeeping,” and more
Feb 7, 2019 • 35 min
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…
Xero wants to change the definition of “accountant,” Expensify drops the first rap video about expense reports, meanwhile EY’s own expense app is “hot garbage,” and more
Jan 31, 2019 • 37 min
For all the latest news about accounting technology, listen to the latest episode of the Cloud Accounting Podcast!
The Super Bowl meets expense reports, nurses beat accountants for honesty & ethics, tax season could get ugly given the shutdown, another new $99 tax service for the masses, and more
Jan 24, 2019 • 36 min
In this episode: David shares his experience at the AICPA Annual Executive Roundtable for software vendors, Super Bowl LII will feature an ad about expense reports, tax season could get really ugly as only 57% of IRS workers return (unpaid), (another) new…
Accounting salaries stagnate, KPMG is on ‘The Bachelor,’ Plaid buys Quovo, TaxJar raises $60M for sales tax automation, why the virtual office doesn’t work for CPAs, and more
Jan 17, 2019 • 25 min
Blake and David dig into the lack of growth in accounting salaries despite the tight job market, KPMG’s representative contestant on this season of “The Bachelor,” Plaid’s acquisition of Quovo, TaxJar’s $60 million round of fundraising, Craig Smalley’s…
What the government shutdown means for accountants, why perks no longer cut it for workers, and how 2019 is going to be the year of instant payments
Jan 9, 2019 • 23 min
The federal government may be shut down but the Cloud Accounting Podcast continues! Blake and David are back in 2019 with an episode all about what the shutdown means for tax season, employment verification, getting news from the IRS, and more. Also,…
2019 Predictions! Also, Isaac Asimov predicted the computer automation revolution, Mindbody to be sold, senators prod regulators on FinTech, and what’s new in QBO
Jan 8, 2019 • 39 min
Blake and David discuss all the trends continuing into 2019, their own predictions for the new year, what Isaac Asimov got right about the world in 2019 (it’s creepy how accurate he was), news about apps Mindbody and Robinhood, some cool new automation…
KPMG to fine staff for late time sheets, Square wants to be a bank, real-time payroll for workers, Flux raises 7.5M, and the case for a 6-hour workday
Dec 30, 2018 • 29 min
Despite bumper payouts to partners, the UK branch of KPMG announced it will be imposing penalties of £100 on staff who turn in their time sheets late. Meanwhile, the leader of the Labour party is calling the Big Four a “cartel” and is threatening to break…
David’s takedown of accounting social media “influencers,” Scaling New Heights adds Xero, Right Networks acquires Propelware, Plaid raises $250M, Expensify gets personal, & more
Dec 18, 2018 • 30 min
David is tired of “social media influencers” who have no real experience acting as experts on social media, pumping the latest product or app that writes them a check. The gang also chats about Joe Woodard’s announcement on Twitter that Scaling New…
KPMG and Deloitte are going after your small business clients, Danny DeVito is your new QuickBooks coach, and how automation could worsen the digital divide
Dec 14, 2018 • 21 min
Blake and David discuss KPMG’s new small business tax and accounting offering “KPMG Spark,” Deloitte’s similar venture into SMB accounting called “ctrl by Deloitte,” Intuit’s new “Backing You” marketing campaign starring Danny DeVito, the presidential…
The time has come for cloud ERP, where top US banks are betting on FinTech, America needs more accountants in Congress, and more
Dec 9, 2018 • 35 min
Blake and David share news and stories about the era of cloud ERP, blockchain, banking investments in FinTech, multi-factor authentication, why America needs more accountants in Congress, whether or not the Big Four have los their advantage in audit…
What Intuit’s quarterly results say about its battle against Xero, how high growth accounting firms are eating the world, why blockchain won’t eliminate accounting, and more
Dec 1, 2018 • 30 min
Intuit’s Small Business Online Ecosystem Revenue increases 42 percent in its latest quarterly results; takeaways from QuickBooks Connect from Matt Paff and Sholto Macpherson; a new survey shows that 38 percent of employees resent when IT dictates the tech…
Takeaways from the AICPA Controllers Conference, what’s new at Xerocon London, and how AI is catching expense report fraud
Nov 18, 2018 • 21 min
Blake chats with Amy Vetter at the AICPA Controllers Conference about how modern modern accounting departments are refocusing to become proactive service centers as opposed to reactive cost centers; David shares news about Xero from Xerocon London,…
Accountants feeling challenged to adapt to new tech, Intuit’s plans to win the mid-market, and Sage Group’s new CEO is no big surprise
Nov 14, 2018 • 16 min
Blake and David are back from QuickBooks Connect and ready to catch up on the news, including the results from two surveys of accounting firms published recently in Accounting Today. The gist: Accountants in public are feeling plenty of pressure to keep…
LIVE from QuickBooks Connect! [Day 2] #QBCONNECT
Nov 6, 2018 • 14 min
Blake and David are LIVE at QuickBooks Connect in San Jose discussing the new and upcoming QuickBooks features announced at Day 2 of the annual conference (Main Day).
LIVE from QuickBooks Connect! [Day 1] #QBCONNECT
Nov 5, 2018 • 14 min
Blake and David are LIVE at QuickBooks Connect in San Jose discussing the new and upcoming features announced at Day 1 of the annual conference (Accountant Day).
Takeaways from Intacct Advantage, David joins AutoEntry, results from Intuit’s annual rate survey, and more
Nov 4, 2018 • 17 min
What’s new with Sage Intacct from the Intacct Advantage conference in Nashville; David has joined the AutoEntry team as their Principal Technology Evangelist; results from the 2018 Intuit Average Billing Rate Survey; three key steps that accounting teams…
Contactless payments on the rise, the case for a 4-day workweek, 12 signs your firm is outdated, and more
Oct 23, 2018 • 25 min
Contactless and electronic payments are on the rise with consumers; the case for a 4-day workweek (and why it’s not so crazy); Microsoft debuts an expense app; how email scammers stole $100M from nine public companies; and 12 signs your firm is outdated
These two entrepreneurs say “don’t outsource accounting,” RDP risks, and remote accountant policies
Oct 15, 2018 • 20 min
Only 53% of accountants’ clients are ready for the UK’s “Making Tax Digital” launch in 6 months; two entrepreneur speakers advise other entrepreneurs never to outsource accounting (and why); the FBI warns that hackers are targeting Remote Desktop Protocol…
How Kruze Consulting is specializing and automating, leading the way in accounting & finance for startups
Oct 13, 2018 • 22 min
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…
The beginning of the end for QuickBooks Desktop, NetSuite soars, and Walmart deploys blockchain in the real world
Oct 6, 2018 • 25 min
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…
ASC 606 is wreaking rev rec in biotech. Here’s how one tech-savvy accountant aims to fix it.
Oct 1, 2018 • 20 min
Paul Giese is an accounting manager in the biotechnology industry and the founder of intheBlk software, a collection of web-based tools for biotech accountants. Paul joins the podcast to talk about the massive change ASC 606 is having on revenue…
How blockchain will change accounting with Dr. Sean Stein Smith
Sep 25, 2018 • 23 min
Dr. Sean Stein Smith, DBA, CPA, is an Assistant Professor at Lehman College in New York. He is a member of the 2017 AICPA Leadership Academy and was named a “40 Under 40” in the accounting profession for 2017 by CPA Practice Advisor.
Two future career paths for accountants, how billable hours drive away Millennials, and more
Sep 22, 2018 • 24 min
Levi Morehouse of Ceterus outlines how technology is shaping two future career paths for accountants; Jeff Bezos shares how he structures his day to be most effective; PwC launches a “Digital Accelerators” program to future-proof staff; Garrett Wagner…
Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation
Sep 15, 2018 • 23 min
David is back from his well-deserved vacation and ready to discuss with Blake Sage’s sudden move to oust Stephen Kelly as chief executive. Chairman Donald Brydon reportedly said, “We need to get a CEO that has SaaS in their veins.” Kelly joined Sage four…
Heather Smith on going from management accounting to cloud accounting, to one million views on YouTube
Sep 7, 2018 • 28 min
Heather Smith is a chartered accountant, business and technology writer, author of eight books (including Xero for Dummies). Her educational YouTube channel has been viewed one million times and her Cloud Stories podcast is one of the top five accounting…
Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream
Sep 1, 2018 • 16 min
CPA Practice Advisor has announced their annual “40 Under 40” in the accounting profession for 2018. Congrats to our friend and interview victim Dr. Sean Stein Smith for making the list! His Cloud Accounting Podcast episode will drop in the coming weeks.…
Guy Pearson of Practice Ignition on building an accounting firm from scratch that could scale up without him
Aug 30, 2018 • 33 min
Guy Pearson, founder of Practice Ignition, turned down an offer of partnership in an accounting firm at age 24 to travel around the world for a year. After running out of money, Guy returned to Australia and started an accounting firm out of his house. He…
Intuit’s CEO steps down, Sage downgraded by Deutsche Bank, Thomson Reuters shows up to the dance, and Xero’s big mistake
Aug 25, 2018 • 22 min
David shares the big news that Brad Smith is stepping down from the CEO role at Intuit after 11 years guiding the transformation of Intuit from a U.S.-centric desktop-based software company to a global cloud platform. David is also himself departing…
Excel’s got a new World Champion and how CAS can cause lots of liability
Aug 19, 2018 • 13 min
Blake and David chat about three things this week: 1) A 15-year-old is the new Microsoft Excel world champion, 2) How businesses are failing to help employees keep up-to-date with their digital skills, and 3) the risk of performing Client Accounting…
Jamie Shulman on Xero acquiring Hubdoc and the generational accounting shift
Aug 8, 2018 • 13 min
Jamie Shulman, Co-Founder, Co-CEO at Hubdoc, joins the podcast to talk about Xero’s acquisition of Hubdoc, how that came about, what it means for non-Xero users, and what’s next for the company.
Geni Whitehouse on niching for the wine industry & building confidence as a public speaker
Aug 6, 2018 • 23 min
Geni Whitehouse shares how her CPA firm carved out a niche serving the wine industry — not just with marketing mumbo jumbo but with a proprietary industry scorecard that created real value for her clients. We discuss what’s holding firms back from…
Gusto raises $140M, Xero acquires Hubdoc, why the IRS should allow taxpayers to use U2F keys, and the open office under attack
Aug 4, 2018 • 20 min
The Government Accountability Office (GAO) has recommended the use of phishing-proof FIDO security keys to prevent tax scams. Also this week: payroll and HR provider Gusto raised a $140 million Series C at a $2 billion valuation; cloud accounting software…
All the ways the cloud can fail you: NetSuite goes down, why you need multifactor authentication, ComplyRight breached, and YouTube bans Hector Garcia
Jul 29, 2018 • 26 min
Blake shares his thoughts on the first year of the Accounting & Finance Show LA under new management, then David & Blake discuss the latest accounting news, including: NetSuite’s outage this week that prevented many businesses from accessing their ERP for…
Ed Kless on thriving as a business iconoclast, his Libertarian politics, and the lie of timesheets
Jul 29, 2018 • 32 min
Ed Kless joins the podcast to talk about how he’s managed to thrive as a “business iconoclast” in a corporate environment, why he is a Libertarian, why timesheets are a total scam, and how his musical theater background has helped him succeed both on and…
Intuit sells its data center, Xero selects Gusto for U.S. payroll, & Certify acquires Abacus
Jul 22, 2018 • 12 min
The Today Show asks “What is ‘The Cloud?’”, Intuit sells its data center and plans to move everything to Amazon Web Services, Xero dumps its own U.S. payroll product in favor of a strategic partnership and deep integration with Gusto, and Certify adds…
Matt Paff on how Xero & Intuit are coming for the mid-market and that the future of accounting technology is platforms
Jul 22, 2018 • 35 min
Matt Paff joins the podcast to discuss what he means by his article “Hey Mid-Market, Xero and Intuit are coming!” on Digital First. We learn about the vary definitions of the term “mid-market” between the United States and Australia, why mid-market…
Midmarket vendors: Watch your back! Also, how labor costs will skyrocket over the next decade, and Bill.com goes global
Jul 18, 2018 • 25 min
David & Blake discuss Matt Paff’s article, “Hey Mid-Market, Xero and Intuit are coming!” a study predicting that highly skilled labor costs will skyrocket over the next decade, and Bill.com’s big announcement that it will soon support international…
The new 1040, California does its own GDPR, and better education for accountants
Jul 12, 2018 • 19 min
Donny Shimamoto joins the podcast to chat about the IRS’s new “postcard sized” 1040 form, the potential consequences of California’s new privacy law for businesses, and the Houston CPA Society’s efforts to improve education and outreach to accounting…
Online sales tax SCOTUS ruling ramifications for accountants & business owners
Jul 1, 2018 • 23 min
Mike Fleming, CEO of Sales Tax and More, joins Blake & David on the podcast to discuss in detail the ramifications of the U.S. Supreme Court decision allowing states to collect sales taxes from online sellers who have no physical presence in the state.…
Supreme Court sales tax ruling is a windfall for Avalara
Jun 22, 2018 • 18 min
Blake and David discuss the implications of Thursday’s Supreme Court ruling that states can require out of state retailers to collect taxes on sales to residents, even if those retailers don’t have a physical presence in the state.
Cloud accounting survey results, IRS budgets upgrades, & lawyers dropping the billable hour
Jun 19, 2018 • 18 min
David reports on IRS plans to spend $291 million on technology upgrades and why some lawyers are dropping the billable hour. Blake shares takeaways from FloQast’s 2018 Cloud Accounting Survey and the recent Cloud Accounting Roundtable in Culver City.
Cloud M&A, get paid to move to Vermont to work remotely, & app updates galore
Jun 13, 2018 • 15 min
David shares some exciting news that the firm that bought Blake’s cloud bookkeeping startup (HPC) is itself getting acquired — by a Top 100 CPA firm (Aprio). HPC is a 100% online accounting firm. Speaking of remote work, Blake shares news that Vermont is…
Time bandits, Slack actions, Intuit grows, and more
Jun 2, 2018 • 20 min
David shares how time tracking software has entered the world of “wage theft” lawsuits, Blake is impressed by Slack’s new and improved third-party integrations, then we discuss the crazy fast growth of QuickBooks Online, the dismal trust Millennials place…
AutoEntry and the importance of document processing granularity
May 31, 2018 • 27 min
Brendan Woods, Founder and CEO at AutoEntry, joins the podcast to chat about his OCR and document processing solution for accountants and bookkeepers. AutoEntry is headquartered in Dublin, Ireland, and the company’s first major market was the UK. This…
KPMG teams up with Microsoft to sell ERP software & PayPal buys iZettle
May 20, 2018 • 18 min
Blake is skeptical about KPMG Australia’s move to get into the ERP developer game with Microsoft, and David shares PayPal’s acquisition of iZettle and what that means for point of sale options for small businesses.
The Net Worth Episode: Warren Buffet’s GAAP Troubles & Building Wealth by Owning a Business
May 17, 2018 • 11 min
It’s the second episode of the podcast 2.0 with my new co-host, David Leary! We chat about Warren Buffet’s “Accounting Nightmare.” New accounting rules changes for 2018 require investments to be reported at fair value, resulting in an unusual net loss for…
Ancient IRS Computer Systems, How to Get Hacked as a CPA, & News from SuiteWorld 2018
May 13, 2018 • 24 min
David Leary joins the podcast for the first time as my new co-host. We discuss the IRS’ ancient computer systems that caused the crash on tax day, a case study of a CPA who got hacked by a malicious “keylogger” program, news from Blake’s visit to…
How mAccounting is turning accounting from a necessary evil to a strategic advantage
May 3, 2018 • 13 min
Tom Gabbert joins the podcast to talk about the “m” in mAccounting (it stands for “mobile”), why he’s looking to hire “people people” (not just number crunchers), his efforts to “turn accounting from a necessary evil to a strategic advantage,” the…
Sage Intacct connects and automates the accounting profession
Apr 21, 2018 • 16 min
Chris Rose, VP of Business Development at Sage Intacct, joins the podcast to talk about why organizations need to move to the cloud for their ERP, the value of cloud APIs for enabling third party integrations, and the threats and opportunities automation…
Big Four blockchain, AI, and RPA
Apr 14, 2018 • 25 min
Dr. Sean Stein Smith, DBA and CPA, joins the Cloud Accounting Podcast to discuss five of the top accounting articles from the past few weeks, including stories about PwC, blockchain, KPMG’s partnership with Watson, EY’s use of RPA to automate internally…
Making innovation organic to our firms with The Radical CPA
Mar 26, 2018 • 24 min
In this episode of the Cloud Accounting Podcast, I’m joined by Jody Padar, CEO and Principal of the New Vision CPA Group, a public accounting firm based in the Chicago area. Jody is the author of “The Radical CPA,” and has just published a follow-up…
Workaholism, toxic meetings, and remote work
Mar 7, 2018 • 43 min
On Episode 6 of the podcast, I’m joined by Jeff Phillips of Accountingfly, a site for accountants and finance professionals to apply easily to hundreds of great jobs. We discuss the latest cloud accounting news, including: The four drivers of workaholism,…
5-hour workday for accountants, American views of automation, & Bitcoin taxes
Feb 17, 2018 • 23 min
I’m joined by Amanda Aguillard, David Emmerman, Ryan Watson, and Jay Kimelman of Bluewire Strategy Group. We discuss how an accounting firm in Australia successfully moved to a 5-hour workday, a new survey that shows most Americans see automation is…
Are CPAs “insecure overachievers,” tax reform accelerates automation, and the War on Excel
Feb 7, 2018 • 19 min
In this episode, I’m joined by Mike Whitmire, co-founder and CEO of FloQast (http://www.floqast.com). We discuss whether or not big firm CPAs are “insecure overachievers,” how tax reform is accelerating the shift to automation in manufacturing, Sage’s…
Predictions for 2018, Intuit acquires TSheets, & an API at the IRS
Jan 10, 2018 • 28 min
I’m joined by David Leary, Global Small Business Ecosystem Evangelist at Intuit. We discuss the insanity around the latest cryptocurrency (KodakCoin), our predictions for accounting in 2018, Intuit’s acquisition of TSheets, the wasteful nature of…
Blockchain, AI, and why you need to move to the cloud, now!
Dec 4, 2017 • 26 min
In this episode, I’m joined by Will Lopez, Founder and CEO of Advisorfi. We discuss the potential impact of blockchain and artificial intelligence on the accounting profession, new features announced at QuickBooks Connect, and how 9/11 resulted in the…
What accountants should learn from the Deloitte Hack
Nov 3, 2017 • 26 min
Welcome to the first episode of Cloud Accounting Weekly, the Podcast Edition! Phil Gross joins the podcast to discuss top stories in accounting technology from the past few weeks. Topics in this episode: The hack of Deloitte’s email server, the debate…