Accounting Firm FreshBooks Becomes A Unicorn
The Accounting Podcast
Is There a Difference Between Machine Learning and Algorithms?
Hundreds of predictive tools were developed, and none of them made a real difference. And some were even potentially harmfuls. A lot of the times they just the way they were trained or tested, it just set them up for failure. It reminds me of the automation in our own industry, and the struggle that we see in a rindustry with these tools.
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Show Notes
01:30 – Blake and David talk smart homes, Zoom, and router recommendations, Mnuchin and movies.
7:55 – Updates of PPP Forgiveness
10:02 – Survey: COVID relief, changing laws were last tax season’s headaches
12:20 – IRS Funding Surge Punted From Bipartisan Infrastructure Package
13:26 – Cryptocurrency brawl bogs down infrastructure bill, as Yellen and White House fight changes
https://www.washingtonpost.com/politics/2021/08/06/crypto-bitcoin-infrastructure-senate/
18:00 – Closing date set for new Shuttered Venue Operator Grant applications
21:04 – Former Dixon comptroller Rita Crundwell released from prison early
https://www.wifr.com/2021/08/05/former-dixon-comptroller-rita-crundwell-released-prison-early/?utm_source=pocket_mylist
22:25 – All the Queen’s Horses Documentary on YouTube – Free
https://www.youtube.com/watch?v=dpr2A3S3CNk
24:05 – Hundreds of AI tools have been built to catch covid. None of them helped.
https://www.technologyreview.com/2021/07/30/1030329/machine-learning-ai-failed-covid-hospital-diagnosis-pandemic/
31:06 – Reflecting on the evolution of bank reconciliation at Xero
https://www.xero.com/blog/2021/08/bank-reconciliation-evolution-at-xero/
33:36 – Taking business banking to the next level with Revolut
https://www.xero.com/blog/2021/08/revolut-next-level-business-banking/
More Reading on Xero:
Xero Upgrades Bank Reconciliation Feature
https://www.accountingweb.com/technology/accounting-software-news/xero-upgrades-bank-reconciliation-feature
Xero revamps bank recs, injects AI
https://www.accountingtoday.com/news/xero-revamps-bank-recs-injects-ai
36:43 – HR software company Gusto raises $175 million
https://www.axios.com/gusto-fundraising-175-million-f2bb33ba-fced-4343-8a7b-0aa6a5d6dbbe.html
Gusto Raises $175M in Series E Funding
https://www.finsmes.com/2021/08/gusto-raises-175m-in-series-e-funding.html
38:20 – Accounting firm FreshBooks hits unicorn status, plans global growth after raising US$130-million
43:56 – 'Connected accounting' startup closes $13M funding round
Lockstep Website
46:36 – New IRS tax collection notices offer QR code contact option
47:36 – ZenBusiness Democratizes Small Business Finance With New All-Inclusive Payments App ZenBusiness Money
https://www.businesswire.com/news/home/20210810005143/en/ZenBusiness-Democratizes-Small-Business-Finance-With-New-All-Inclusive-Payments-App-ZenBusiness-Money
50:29 – US Bank to Buy Bento Technologies
53:13 – Announcing Check + Quickbooks Online – Check
https://www.checkhq.com/post/announcing-check-quickbooks-online?utm_source=pocket_mylist
53:44 – The news from you! We’ve got reviews! Thank you, Cbordeaux, Amanda from NOLA, Rachael, and Eddie Valls!
55:35 – As if reviews weren’t enough, we got voicemail! Thank you, Scott Scarano!
Get in Touch
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
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