The best and worst 2020 predictions (and some of our own)

Jan 12, 2020

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Jirav: www.jirav.com

Hi, this is Blake, and I just wanted to let you know that this episode of the Cloud Accounting Podcast is sponsored by Jirav, my employer. “Jirav” sounds a lot like “giraffe” — and that’s no accident. Giraffes are the tallest animal in the world. That gives them a great view. Our goal at Jirav is to give you a similarly great view of what’s going on with your business.

We do that by helping you understand where your business has been, and most importantly, predict where it’s going. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans and budgets in real-time. If you’re using Excel for reporting and forecasting, you’ll save hours every month with Jirav.

Learn how accounting firms are using Jirav to deliver connected insight, strategize growth, and help their clients make more profitable decisions. Visit jirav.com and start your 30 day free trial. That’s J-I-R-A-V dot com. See farther with Jirav.

Show Notes

00:38 – Looking back - how many 2019 predictions came true?
03:17 – Blake's first prediction for 2020 comes true less than a minute later ... Well, sort of ...
03:38 – Culling All Accounting Conferences – less definitely may start to be more! | Accounting Today
05:33 – Is there any value in free?
09:01 – Duh ... Overstating the obvious isn't really making a prediction | E27
09:31 – Dynamic pricing is just not a thing, at least not for the smaller players
11:09 – Hmm - is "used" the new "new"?
11:28 – What's going to have the biggest short-term impact on accounting? One hint: it's not humans | Journal of Accountancy
13:25 – Blockchain in 2020 - boom or bust? | Enterprise Times
14:50 – Armanino releases blockchain-powered app for instant attestation | Accounting Today
16:49 – Government still says no to crypto | Real Daily
19:58 – Everybody’s losing their minds over 5G! But, why? | The Verge
21:14 – Blake takes issue with 2020 being the breakout year for 5G – lack of speed isn’t the problem; lack of use is
23:25 – 2020 just might be the year of foldy, rolly, hidey devices ... Maybe
25:12 – 2020 sees the hiring of non-accounting grads at CPA firms continue | Journal of Accountancy
26:25 – Blake says it's going to take a good decade to create and implement the changes needed in the CPA exam and curriculum
27:49 – Want to stay relevant, and innovate? Pull your head out of last year! | LinkedIn
29:33 – Millennials might be so 2019, but they still have some decent asks when it comes to employment | Boomer.com
31:31 – Open banking in the US? Maybe in 2030 ... | Accountancy Today
33:19 – What's the most important issue facing the accounting industry? Here are at least 100 | Accounting Today
35:30 – Things are different all over - 2020 Accounting Changes from Down Under | Accountants Daily
37:42 – Automation - great for those with actual skills; not great for the not-so-great ...
37:55 – What do accounting regulators actually DO? | CFO Dive
40:17 – For your reading pleasure - 120 AI Predictions For 2020 | Forbes
42:17 – Speaking of Voice AI – 46 industry pros share their 2020 Voice AI predictions | Voicebot.ai
45:01 – VR will continue to make people nauseous in 2020
45:08 – Four (just four?) Creepy Applications That Will Change Your Business In 2020 | Inc.com
47:36 – Is Netflix going to be your next bank? | Banking Innovation
49:24 – The moment we've all be waiting for - David and Blake offer up their 2020 predictions! 🎉
49:30 – Nobody's staying in their lane! David says watch out for blurred, crossed, and muddied lines more than ever.
50:59 – According to Blake, 2020 is the year that one of the GL players - think QuickBooks, Xero, et cetera - becomes a bank.
52:28 – David's no-brainer prediction - Xero and Sage will have to launch their own version of Live product to compete with QuickBooks Live. Mark his word! (For the record, Blake disagrees)
54:24 – Podunk is not the proper nomenclature, David ... 😁

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