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The Accounting Podcast

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Nov 1, 2019 • 2min

Want to be a co-host at QuickBooks Connect?

Show NotesHandles and Hashtags for ContestTwitter: @CloudAcctPodFacebook: @CloudAccountingPodcastLinkedIn: @CloudAccountingPodcastOfficial QuickBooks Connect hashtag: #QBConnectGet in TouchThanks 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. Meet Blake and David in person! November 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast  TranscriptHey there, Cloud Accounting Podcast listeners!Have you dreamed of being a guest on the Cloud Accounting Podcast? Are you going to QuickBooks Connect next week?If you answered YES to both these questions, you’ll want to turn up the volume so you don’t miss anything I’m about to say. [pause]We are running a contest so that one of our lucky listeners can co-host our news roundup episode that we record at QuickBooks Connect 2019.Here is how you can enter to win:-Between now and Wednesday, November 6th, 2019 at 12:00 pm Pacific time.-Tweet, post to Facebook or share on LinkedIn -Telling the world, WHY… YOU... want to be ...and ...should be... a co-host of the Cloud Accounting Podcast at QuickBooks Connect.Here’s the most important part:Be sure to properly tag the Cloud Accounting Podcast in your post… AND ...you must also use the hashtag #QBConnect. Hit the show notes if you are unsure of any handles or hashtags.We’ll announce the winner during the official QuickBooks Connect welcome reception on the evening of November 6th.Even though … the most Likes, Retweets, and Comments won’t guarantee that you’ll be the winner, it will most definitely keep your post at the top of those AI-based social algorithms.Good luck, and see you in a few days!P.S. If any of you try to have your automated BOTS game this contest, you’ll for sure be on the podcast, just not in the good way. smile face emoji
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Oct 31, 2019 • 28min

#AccountexUSA: What do accountants care about? We ask the editors

SponsorsRight Networks: https://cloudaccountingpodcast.promo/rncloudShow Notes00:13 – We managed to get three editors from the top competing accounting media properties together in one spot! 00:35 – We asked the panel  - what is top of mind in the accounting industry? 01:13 – For Accounting Today, Dan says tax and tech is at the top of readers' minds02:00 – Dan reveals a bit about AccountingWEB's approach to sharing relevant accounting news03:04 – Jess says tax law changes are what keep accountants employed03:48 – Dan says hyper-focusing too much on one specific topic, like tax, means you're missing out on the bigger and more important accounting-industry picture05:15 – Like it or not, Jess says advisory is in your future,06:39 – Dan says accountants need to realize that they're much more comfortable with change than they believe07:47 – Don't forget that small and mid-sized firm owners are entrepreneurs, combining that perceived conservatism with a huge amount of risk08:43 – Jess says the constant barrage of "Do Advisory" advice started with vendors10:53 – Seth notes that there's a dark tech and automated cloud looming over the billable hour 11:38 – The concept of killing the billable hour isn't a new one13:42 – Turn and face the change - The gentleman talk about the transformation from paper to digital in accounting media14:20 – If you want to stay on top, you've got to be willing to meet your clients where they are15:53 – Seth talks about the art of fine-tuning the accounting content to stay connected to readers17:08 – Who's gonna drive you home? The data is - in media, and the accounting industry18:35 – The guys talk "A" words - automation and advisory20:49 – As advisory services start to play a bigger role, the bigger firms are starting to be more selective about their client lists22:32 – Dan's theory - AI and advisory are going to position the smaller accounting firms for bigger success23:41 – Jess says there are three levels, when it comes to the evolution of accounting - Let's do it, Help Me do it, and Leave Me Alone!26:11 – Seth's conclusion - Automation enables greater profitability Connect with our guestsDan Hood, Editor-in-Chief of Accounting Today: https://www.linkedin.com/in/daniel-hood-3494ab49/Seth Fineberg, Managing Editor of AccountingWEB: https://www.linkedin.com/in/seth-fineberg-86aa8663/Jess Scheer, Executive Editor of Accountex Network:https://www.linkedin.com/in/jess-scheer-43038610/Get in TouchThanks 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. Meet Blake and David in person! November 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 29, 2019 • 44min

Why GAAP is outdated & news from Sage Intacct Advantage

SponsorsOnPay: http://cloudaccountingpodcast.promo/onpayOnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer! Show Notes00:12 – Meet our guest, Ethan Rouen, Assistant Professor of Accounting at Harvard Business School01:27 – The gentleman dissect Ethan’s article, “The Problem with Accounting for Employees as Costs Instead of Assets”01:50 – Blake found a lot of similarities to Baruch Lev’s “The End of Accounting” in Ethan’s article | WSJ02:30 – Using GAAP today is like fixing a Tesla with a Model T manual04:12 – Why the lack of reporting human capital is a huge problem05:32 – Will disclosures on human capital get political? 06:48 – Reporting human capital tells a more compelling story to investors08:21 – Offering high-quality employee development programs is one way to ride out the economic storms | WSJ10:28 – There needs to be a broader range of rules in GAAP for telling the stories of these companies12:04 – The more things change, the more they stay the same, especially where GAAP is concerned13:58 – Nap time for David? Ethan talks about Boeing’s use of program accounting | The CPA Journal15:30 – David finally weighs in – Given the emotional climate of investing, what exactly is GAAP used for? 17:06 – Regardless of investors’ evaluation tactics, Ethan still thinks GAAP is relevant19:10 – Is Ethan a social-media anomaly? 23:04 – More insightful Cloud Accounting Podcast content is on the way! Subscribe now, so you don’t miss out!  23:28 – Innovation is the theme of Sage Intacct Advantage 2019 | GlobeNewswire24:36 – Finance 3.0, Intelligent GL (AI), product announcements, and more key takeaways from the conference28:43 – Sage’s goal is to “eliminate the close …” stay tuned for more insight on this aspiration from Sage CTO Aaron Harris in a future interview30:13 – Some hints about what will become of the AutoEntry acquisition? 32:50 – Mark your calendars! Intacct Advantage 2020 hits sunny Florida!34:15 – Update on the QuickBooks Desktop Payroll discontinuation – So far, it’s only in the UK version! | Intuit QuickBooks35:24 – Billtrust is the latest target for ransomware-ers | Krebs on Security37:16 – Want Higher Profits? Hire a Female CEO, CFO | Korn Ferry39:14 – The opposite of woke … E&Y instructs its female counterparts on the art of dressing and behaving appropriately? | The Huffington Post40:44 – Nuke launches have gone digital … We feel so much safer now | EngadgetConnect with Ethan RouenLinkedIn: https://www.linkedin.com/in/ethan-rouen-16a9551/Website: http://www.ethanrouen.com/Get in TouchThanks 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. Meet Blake and David in person! October 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 22, 2019 • 43min

Square Books is here — is accounting next?

SponsorsOnPay: http://cloudaccountingpodcast.promo/onpayOnPay is offering an exclusive promo code only for the listeners of The Cloud Accounting Podcast to get three free months of OnPay payroll service for any of your clients that you set up by February of 2020! Visit the sponsor link, and use code "CAP3FREE" to take advantage of this offer! Show Notes 00:16 – Putting a face to fraud - Michael Mann finally appears, at least in pictorial form | Daily Mail UK01:18 – Practicing for his big act? The Daily Mail article includes a video clip from what seems to be some form of corporate roleplaying/training. Enjoy. 03:02 – Come rain, sleet, snow, or fire alarm, some Big Four firms file returns no matter what! 03:44 – More automation from Square with Square Assistant for AI-powered scheduling and messaging | Square 04:12 – Square’s hitting the Books … The GL kind | Square07:03 – Square - reinventing the accounting wheel one double entry at a time08:04 – Is this all part of Square's plan to become a bank? 11:38 – Square deals meals - Square for Restaurants brings management tools to the table | Square12:53 – Meals on wheels? Along with the management toolset, Square for Restaurants integrates with Caviar, their meal-delivery service14:55 – Outside looking in? How do accountants and bookkeepers stay relevant in the face of the ever-increasing automation and DIY accounting tools? 16:39 – Who's really in charge? With Big Tech firms  controlling the software on your PC, how much control do you have left? | Yahoo!20:13 – There is no such thing as free! Reckon cuts off customers until they buy new licenses | The Sydney Morning Herald21:36 – QB Desktop Payroll gone come 2020 | Intuit QuickBooks23:36 – Hubdoc Xeros in on better functionality with new permissions features | Xero Blog24:33 – Can a Xero change its Stripe? Xero adds several new functions to its Stripe integration 25:39 – Bill.com's moving on up to the midmarket with their latest round of features | Finextra 28:00 – Veem and Zapier have joined forces to add even more functionality to Veem's payment service | Veem31:57 – Need to learn how to use Zapier? Find a trainer, like Heather Satterly to help you out | Nerd Enterprises32:06 – Gusto adds to their FreshBooks integration | FreshBooks33:01 – No more slacking off, with new custom workflows in Slack | Slack Blog35:06 – ScaleFactor unleashes a small-biz credit card | BusinessWire36:08 – Small banks-tech company collabs aren't just a fad, but how much is too much when it comes to growth? | Bank Innovation36:45 – Chime broke the bank, literally, when their app completely shut down | CNBC38:14 – Well, actually, Galileo, the company powering Chime, was the true source of the outage 38:49 – Galileo didn't seem to have time to worry about the Chime outage. They were too busy touting their latest $77 million raise41:16 – Leave your hubris at the door, please - these bank-tech firms might want to start focusing more on their 'users' and less on their egos42:47 – Shirts, and stickers, and merch, oh my! Get your official and limited edition Cloud Accounting Podcast stuffs now! Get in TouchThanks 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. Meet Blake and David in person! October 22-25: Sage Intacct Advantage in Las VegasOctober 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 21, 2019 • 20min

#AccountexUSA: Making remote work... work!

SponsorsRight Networks: https://cloudaccountingpodcast.promo/rncloudShow Notes00:35 – If you're moving to remote work, here are some key things to consider01:35 – Let's get digital, digital ... When going remote, all your company's data ,  and processes need to be digitized02:31 -- Having the right software and tools in place, along with digitized date ensures that you and your employees can work any place, any time03:01 – As we discussed in Ep. 121, security is a crucial component of setting up your remote workforce 06:03 – Roman says most accountants favor Microsoft's collection of collaboration tools, especially for remote work06:42 – Team chat or collab tools make it very easy to see who's available when11:19 – Removing the guesswork - collaboration tools, such as Teams, keep all the information  from every conversation in one place, eliminating the wasted time of searching email threads for just one thing | Microsoft.com12:46 – First things first - what's the first thing firm owners should consider about going remote? 13:32 – The key ingredient for a successful remote-work situation  is to use the right systems and tools for the situation! 13:41 – The best candidates for remote opportunities  are those with experience, and who need very little supervision14:34 – It pays dividends to keep your top employees engaged, and happy, even if that means letting them go remote16:25 – Letting employees work when and where they want means more productivity and less wasted time18:09 – You can accomplish more, and still have those watercooler convos, all from the comfort of home Connect with Roman H. Kepczyk, CPA.CITP, CGMAWebsite: https://www.rightnetworks.com/roman-kepczyk/Right Networks Blog: https://www.rightnetworks.com/blog/Twitter: https://twitter.com/romancitpLinkedIn: https://www.linkedin.com/in/romankepczyk/Get in TouchThanks 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. Meet Blake and David in person! October 22-25: Sage Intacct Advantage in Las VegasOctober 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 20, 2019 • 17min

#AccountexUSA: Ransomware is rampant

SponsorsRight Networks: https://cloudaccountingpodcast.promo/rncloudShow Notes01:39 – With the rise in ransomware rampages, it's more crucial than ever to protect your company's data 02:07 – Roman explains the Right Networks disk-to-disk-to-offsite backup process 03:14 – Don't get caught with your cloud down ... Just because your data is in the cloud, doesn't remove your responsibility to make regular backups here on earth 04:05 – You can't tune a phish - Training employees to recognize phishing emails is an important step in safeguarding company  data 05:31 – It's trickier to spot phishers on smartphones, since you can't see the full URL07:27 – Stop being so predictable! Using the same password for all your websites is just an open invitation to hackers 11:12 – Roman suggests checking your online bank accounts daily, in the morning, especially if you travel and swipe cards frequently in numerous locations 12:27 – Target practice? With digital threats constantly changing and evolving, small businesses need experienced, well-trained IT security providers to help protect systems15:46 – Roman shares some more details about services that provide phish-attack testing for employees, and the process Right Networks uses for its own people Connect with Roman H. Kepczyk, CPA.CITP, CGMAWebsite: https://www.rightnetworks.com/roman-kepczykRight Networks Blog: https://www.rightnetworks.com/blog/Twitter: https://twitter.com/romancitpLinkedIn: https://www.linkedin.com/in/romankepczyk/Get in TouchThanks 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. Meet Blake and David in person! October 22-25: Sage Intacct Advantage in Las VegasOctober 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 18, 2019 • 1h 2min

Everyone wants to be a bank for small business

SponsorsOnPay: https://cloudaccountingpodcast.promo/onpayShow Notes00:56 – How much pain has the Tax Cuts and Jobs Act caused? | WSJ01:29 – Blake left his heart in San Francisco , with Jirav,  where he's now director of marketing03:17 – Blake's excited to get back to his old stomping ground, helping educate CPAs, and small-biz accountants and bookkeepers04:24 – Veem and Xero team up to offer a kinder, gentler, less-clunky invoicing system | CPA Practice Advisor07:37 – While it's not the perfect AR/AP payment solution, David talks about some of the benefits of using a service like Checkbook.io09:14 – Cruisin' on down the highway - QBO now offers mileage tracking | Insightful Accountant 09:57 – BQE Core is also offering mileage tracking | BQE 11:07 – David’s #1 prediction of 2019 comes true! 11:20 – Intuit and Visa are on the small-biz track, joining forces to offer instant deposits | Business Insider12:16 – We’re not quite sure what we’re selling, but it’s in the TOS! | Intuit QuickBooks 12:25 – Thanks to Nina Casey for sending in this story, and offering her insights!13:56 – Has Rich Preece left the Intuit building? 15:08 – Paro, a high-end accounting temp agency raises $10m in their latest round of funding | Accounting Today17:58 – EasierAccounting.com, yet another new kid on the same ol’ AI-Accounting block? | Yahoo! 20:02 – Short story long, Expensify has launched “the world’s smartest corporate card! | CPA Practice Advisor21:48 – Blake’s take on Expensify’s grassroots-y approach to marketing 25:50 – Brex teams up with Radius Bank to target those well-funded startups | PYMNTS.com28:49 – Bank of America targets small business but misses the mark | Bank Innovation31:02 – Mark your calendars!  September 18th is now Bill.com Day in Houston! | CPA Practice Advisor 31:42 – Robinhood tightens their tights for another shot at banking | Bank Innovation32:54 – Is Intuit overtaking Xero in the UK race? | Scoop Independent News34:41 – Revolut is on the fast track to becoming Europe’s MVP in the fintech space | City A.M.36:34 – The MyPayrollHR fallout continues | Albany Business Review38:38 – Pioneer Bank, Michael Mann’s bank of choice, seems to be at a loss for useful words | Times Union39:53 – New York State Department of Financial Services starts to gather intel in the search for missing payroll regulations | WSJ42:13 – Bigger isn’t always smarter – More on California’s fiscal project fiasco | Government Technology46:45 – The One-Percent crowd pays less taxes than the rest of us | Washington Post47:32 – The rich keep getting richer, and the poor keeping being cheaper to audit | ProPublica50:33 – The kiddos are raking in the allowance, with little to no savings to show for it | AICPA55:42 – It’s time for reviews! Thanks to all our excellent listeners! 57:12 – Should Blake compose and perform the new Cloud Accounting Podcast theme song on his cello? Let us know what you think! Get in TouchThanks 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. Meet Blake and David in person! October 22-25: Sage Intacct Advantage in Las VegasOctober 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play:
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Oct 17, 2019 • 29min

#AccountexUSA: Fraud can be funny (and fun) when you're Dawn Brolin

SponsorsRight Networks: https://cloudaccountingpodcast.promo/rncloudShow Notes00:48 – How can being a Bills fan ever be a bad choice? 01:40 – Fraudster Tip: If you're gonna steal the cash, stash it in your backyard!  02:36 – Dawn explains the geometry of fraud | ACFE 03:01 – The three steps leading to fraud - pressures, opportunity, and rationalization 04:55 – In the age of payroll automation, why do small-biz owners still insist on paying with paper checks?  05:26 – Time really is money, especially if your employees steal it 06:38 – Hook, line, and sinker, as a small-biz owner, you're fully liable for all tax obligations, regardless of whether you've been defrauded.  07:37 – Dawn says advisors are missing the mark when it comes to using the cloud and accounting apps 09:24 – Accountants and bookkeepers, assessing your clients' financial risk and providing suggestions for better internal controls should be a priority when it comes to adding value 12:48 – Table for two? Especially in smaller businesses, two or more employees make teamwork out of fraud 14:15 – The downside to all this super-efficient tech? It can make it super-easy to commit fraud 15:15 – Never take candy for your passwords!  21:29 – Why finding fraud is fun 23:05 – Forensic accounting - kicking ass and taking names is just part of the job description 25:46 – How to become a certified fraud examiner | ACFE 28:42 – Swearex 2019 Connect with DawnLinkedIn https://www.linkedin.com/in/dawnbrolin/Website https://powerfulaccounting.com/Twitter https://twitter.com/dawnbrolinGet in TouchThanks 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. Meet Blake and David in person! October 22-25: Sage Intacct Advantage in Las VegasOctober 29-30: AcuityCon in AtlantaNovember 5-8: QuickBooks Connect in San JoseNovember 5: Practice Ignition PreCon Party in San JoseNovember 6: VIPartners Party with Gusto, Routable & Jirav in San JoseDecember 9-11: Digital CPA Conference in SeattleLimited edition shirts, stickers, and other necessities.TeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast
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Oct 6, 2019 • 50min

David & Blake get schooled!

SponsorsBQE Core - http://cloudaccountingpodcast.promo/core Show Notes01:01 – Jennifer is bringing more than debits and credits to her accounting courses at UT01:50 – Aspiring cloud accountants, get yourselves acquainted with high-quality video-conferencing software, such as Zoom! 02:56 – New new reviews! 04:44 – News from beyond the Cloud Accounting Podcast Studios! 05:09 – Are smart speakers recording your every word? | Consumer Reports 07:15 – Have we sacrificed our privacy for the sake of technological convenience? 11:21 – Caroline’s article relates back to our Sock-puppet discussion11:48 – Does connection equal increased creativity? | Knowledge12:54 – It's the newness of the person, their new information and new perspectives that inspires creativity. 13:36 – A substantial piece of David's work over the past decade is due to meeting new people on social media, however, he has yet to find the best way to balance digital distractions and real-world productivity14:51 – Despite the negative aspects of social, it has opened up a wealth of possibilities for people to share, create, serve, and advance their professions15:54 – David continually boosts his creative powers by accepting every LinkedIn invitation that comes his way! 17:17 – Be smart about building your personal brand, in order to make the best connections possible 17:44 – David highly recommends reading The Cluetrain Manifesto, and the 95 Theses, to learn more about the human connection to marketing, and social media18:30 – Wanna boost your career? Stop lurking, start talking! 20:41 – Miguel's articles focus on job searches and hiring practices, such as background checks, as they pertain to social media:                 - When your social media presence affects your ability to land a job | PR Newswire                 - Social-media screening is the new norm for employers | Business News Daily                 - Social doesn’t tell a candidate’s entire story | Workforce                 - How useful is social-media screening? | Backgroundchecks.com22:26 – Saving face - If you wouldn't want the entire planet to see it, don't post it on social media, period. 23:51 – We're no longer able to lead separate work and personal lives anymore with the advent of social media.27:33 – Think your private social channel is private forever? Think again, and then think about what you say there! 29:08 – Don't be afraid to talk about the things you do - hobbies, interests, activities - on social media. It gives potential employers a more well-rounded view of who you are and what you can do for them30:01 – Accounting firms are looking for more than just accounting majors to build diversity within their firms | AccountingWEB 31:15 – Not to worry, though, up and coming accountants! As we discussed last week, there are still many accounting-related jobs available that offer top compensation and career opportunities! 32:36 – Are CPAs losing faith in the US economy? | AICPA34:18 – Check out Sean Stein Smith's take on blockchain and accounting in episode 36] 35:05 – Cause for celebration? WeWork's failed IPO is proof that the free market system work |AIER 35:18 – Numbers don't really lie ... WeWork's S-1 filing | CNBC36:35 – Since the trends are heading towards automation, aspiring accountants and bookkeepers should focus on the value-added services they can provide to clients38:37 – Make learning the technology and the tools your side gig, if you want to get ahead of the game! 40:02 – Learn all the tech tools, not just accounting-related ... Calendars, social media automation, website design to build up basic skill levels employers are seeking41:14 – Carpe Diem! It's never been easier to start your own accounting or bookkeeping business, with very little upfront expense! 42:14 – Get the itch for a niche ... There are countless opportunities for specializing in the accounting and bookkeeping realm43:38 – Blake doesn't think regulation will hit the advisory specialty in the near future. 44:32 – When in Texas, don't bother calling yourself an accountant, unless you've got the CPA designation to prove it.  44:43 – In Cali, however, anything goes ... Anyone can call themselves an accountant, no degree required. 46:11 – Traditional accounting will stand the test of time, even though some may venture into more 'futuristic' areas. It's really a matter of personal choice48:09 – No more snooze-fest - Accounting and bookkeeping can be as exciting and fun as you make it Connect with JenniferEmail: jennifer.johnson@utdallas.eduLinkedIn: https://www.linkedin.com/in/jennifergjohnsonTwitter: https://twitter.com/JENJOHNSONCPAGet in TouchThanks 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. Subscribe
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Sep 29, 2019 • 1h 2min

The best job in America... is for accountants!

SponsorsBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes01:44 – Another five-star review! 02:52 – Some familiar faces made CPA Practice Advisor's 2019 40 Under 40 list | CPA Practice Advisor04:10 – AICPA held a not-so-time-zone-inclusive webinar on diversity and inclusion | Accounting Today04:59 – David's Home Away from Podcast, AutoEntry,  just got acquired by Sage! | Sage07:18 – Better late than never - Blake finally files is taxes! 10:15 – Fyre Festival - Accounting Version | Financial Post11:17 – Testing, testing … Is this thing on? CPA Canada failed to test its test-taking software before unleashing it on test-takers | Going Concern14:45 – Wanna play with numbers AND carry a gun? | Journal of Accountancy14:56 – AICPA has released new standards for forensic accountants | AICPA 15:21 – Tipalti raises $76 million in a recent D funding round | CPA Practice Advisor15:46 – Fundbox packs a bigger punch now with $176 million in Series-C funding | 17:23 – Speaking of Intuit, QuickBooks Online is now offering mileage tracking, and if adding some other performance-enhancing elements in its September round of updates | QuickBooks19:31 – Not-so-thrifty glitch in TurboTax results in a $216 million tax bill for one probably very unsuspecting thrift-store employee | Forbes21:53 – Out with the V, in with the X ... Microsoft ushers in a newer, shinier function for Excel | Microsoft 24:35 – Wells Fargo and Plaid's new data-sharing agreement gives customers even more data control | Bank Innovation26:00 – BBVA wants to be a lover, not a fighter, using its Open Platform, and further innovation to help fintech startups | Bank Innovation 28:45 – Sharing the love, fintechs are pairing up with smaller banks to overcome the no-charter hurdle | L.A. Times31:54 – It’s a numbers game – accounting-related positions are the best jobs to have in America! | MarketWatch 35:57 -  A position that allows you to learn and move upward leads to the highest amount of job satisfaction37:57 – Tech is top priority … Really, it is! | Deloitte Controllership Digest 40:11 -- Make sure you come back next week for more important survey results, like the third-quarter AICPA Economic Outlook Survey! 40:36 – The moment you've been waiting for! More news and insight on the MyPayroll fiasco! 41:32 – Meet two of the frontline reporters in the MyPayrollHR situation - Chelsea Diana, and Michael Williams47:44 – It's important to note that there is no indication that the employees of MyPayrollHR  knew what was going on. 49:16 – It's still not clear where all that money went, or if parties, like Cachet, who eventually covered the missing payroll, will be reimbursed49:40 – Just how big of a tangled web did Michael Mann weave? 50:22 – At least three banks claim a combined loss of $36 million due to fraud, but did not name Mann, or MyPayrollHR in their disclosures50:58 – This Michael actually laid eyes on that elusive Michael, and can confirm he is human, sort of ... 51:40 – The Big Chill - Mann's check-kiting antics resulted in frozen accounts at both Bank of America, and Pioneer Bank52:55 – Mann, and MyPayrollHR's parent company, Valuewise, had their hands in a variety of business, ranging from staffing to healthcare, and beyond57:22 – Though Mann has admitted to $70 million worth of fraud, it's up in the air what will happen next59:27 – No matter Mann's motive for committing this fraud, the key takeaway for accountants and bookkeepers recommending payroll services to clients is to know exactly who you're dealing with! Connect with Our Guests!Michael WilliamsWebsite: https://www.timesunion.com/author/michael-williams/Twitter: https://twitter.com/michaeldamianw?lang=enChelsea DianaWebsite: https://www.bizjournals.com/albany/bio/25841/Chelsea+DianaLinkedIn: https://www.linkedin.com/in/chelsea-diana/Twitter: https://twitter.com/AlbBizChelseaGet in TouchThanks 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. SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.l...

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