SponsorsHalon Tax: http://cloudaccountingpodcast.promo/halontaxTOA Global: http://cloudaccountingpodcast.promo/toaglobalLivePlan: http://cloudaccountingpodcast.promo/liveplanShow Notes00:58 - Welcome to the Cloud Accounting Podcast!01:40 - David observes folks are starting to get upset with “fetching” because it’s becoming an uncontrolled process … “it’s easier to build a stable process to get paper bank statements then manually scan them”04:25 - Blake fills in David on Day 1 of Xerocon06:18 - Xero announces smarter tools to help accountants and bookkeepers manage their digital practice — Including Tax Mapper, which removes the workarounds at tax time08:45 - Global Software Leaders Xero and Stripe Join Forces to Bring Seamless Payments to Millions of Small Businesses — The first two innovations announced today that are being developed under the new partnership include: 1) A new Stripe feed, designed to bring comprehensive transaction data for all Stripe payments into Xero for easy reconciliation and greater insights, whether a small business invoices from the Xero platform or an ecommerce site, and 2) Auto pay, allowing small businesses to set up and receive recurring payments for repeat billing customers directly through Xero17:05 - PwC and Xero Extend Global Collaboration to Help Small Business SucceedGet in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorsHalon Tax: http://cloudaccountingpodcast.promo/halontaxTOA Global: http://cloudaccountingpodcast.promo/toaglobalLivePlan: http://cloudaccountingpodcast.promo/liveplanShow Notes00:58 - Welcome to the Cloud Accounting Podcast!02:08 - Woodard Network is rebranded to Woodard Alliance02:55 - Right Networks turns QuickBooks Desktop to 'Always On' | Accounting Today06:45 - David's observation at SNH19: The vast majority of accountants/bookkeepers are turning away business08:18 - David's observation at SNH19: Many ProAdvisors have not yet heard about QuickBooks Live09:24 - QBO keynote highlights: Bank statements will now download into QBO along with transactions from bank feeds10:23 - QBO keynote highlights: QBOA will show an alert inside of QBOA when a SmallBiz reaches out to you on the Find a ProAdvisor website11:17 - QBO keynote highlights: QBOA is adding KPIs, dashboards, and industry comparisons... to help folks do advisory workGet in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorXero: http://cloudaccountingpodcast.promo/joinxeroShow Notes3:36 — AICPA to Oversee New Internet Domain for CPAs | AICPA7:36 — Given the change in the profession, what's the value of the CPA license in 2019 and beyond?8:42 — A listener asks if the CPA is worth it. Blake responds.11:36 — CPA numbers have stagnated according to NASBA data12:56 — How much is the CPA Exam worth in 2019? | Accounting Today — The CPA Exam, it seems, is not seen as a necessity by a significant percentage of young professionals. A roundtable hosted by CPA Exam prep course company Surgent, "Is the CPA License Losing Its Luster?" explored this question earlier this month.16:12 — Trust begets opportunity for accountants in assurance | Accounting Today — Susan Coffey, executive vice president of the Association of International Certified Professional Accountants, says that analytics have the capacity to one day eliminate the need for human-verified audits.19:44 — NASBA and AICPA seek input on evolving licensure model | Journal of Accountancy — The National Association of State Boards of Accountancy (NASBA) and the AICPA are seeking feedback from the profession and its stakeholders as they consider ways to evolve the model for initial CPA licensure to support a growing need for new skills amid rapid technological advancement. Provide your feedback at evolutionofcpa.org.25:46 — Over the last 8 years CPA firm hires have increased over 4% but non-CPA firm hires have increased over 10% | Twitter26:51 — Tax law changes join staffing as a top issue for CPA firms | Journal of Accountancy — “Finding qualified staff” is the top concern of every firm with two or more professionals — the same result as in the 2017 survey.29:07 — H&R Block to acquire Wave Financial for $405M | Accounting Today — The acquisition is expected to expand H&R Block’s presence in the small business market. The Kansas City, Missouri-based tax prep giant is mostly known for its tax services and technology, but it has periodically made moves to provide accounting and bookkeeping services as well.41:17 — Xero appoints Hubdoc co-founder Jamie McDonald to lead Accounting and Global Services | Insightful Accountant — McDonald’s expanded role will see him lead the continued improvement of Xero’s core accounting products for small businesses, including Xero Mobile. Tune in for our upcoming Xerocon interview with Jamie!Get in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorBQE Software: http://cloudaccountingpodcast.promo/coreShow NotesClick here to download the slides from the Facebook Live event.00:58 - Welcome to the Cloud Accounting Podcast!02:04 - Background on Shafat Qazi and BQE Software13:11 - Background on BQE Core25:25 - Live demo of BQE Core34:31 - Demo of BQE Business Intelligence44:23 - Demo of Core Intelligence56:21 - Visit BQE and see Core Intelligence in action at Booth 64 at Scaling New Heights57:48 - Learn more about BQE Core at bqe.comConnect with ShafatTwitter: https://twitter.com/ShafatGet in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorFloQast: http://cloudaccountingpodcast.promo/floqastShow NotesThis episode is sponsored by FloQast. Closing the books is a manual, error-prone, and time-consuming process. There has to be a better way than Outlook emails, Excel checklists, and endless status update meetings. FloQast was built by accountants for accountants to help them close faster and more accurately. The bottom line: Teams relying on FloQast on average close three days faster. Learn more.01:56 - What's the value of the CPA these days?17:46 - H&R Block to acquire Canadian fintech startup Wave | ZDNet21:52 - QuickBooks Live and the rise of remote work in accounting27:46 - 3 Reasons Why EY's Free Software Release is Super Smart | FutureFirm.co31:43 - Subscribe to Ryan's email newsletter "Future Firm"32:16 - Megan shares what she’s up to at Yaeger CPA Review, including their new Instructor Hotline34:41 - How to connect with Ryan and Megan on social mediaGet in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorElefant: http://cloudaccountingpodcast.promo/elefantShow Notes00:24 - About Clint's firm Smart Business Concepts01:50 - What's your tech stack?04:16 - On premises versus cloud for manufacturing05:45 - What were you doing before owning your own firm?06:20 - Do your employees work remotely?07:35 - Clint is hiring!08:23 - What was your big takeaway from last year's Accounting Salon?10:53 - What is something our listeners can only learn from Clint?11:19 - What does "advisory" mean to you?13:31 - Follow Clint on Twitter @clintbowers25Get in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorCPA.com: http://cloudaccountingpodcast.promo/cpaShow Notes00:16 - Welcome to the Cloud Accounting Podcast!01:02 - Correction: Gappify is true automation (not fake bots)03:09 - Jotham's background in the Big Four and then SOX compliance consulting04:06 - What is Gappify Alan and what does it do?07:13 - How does Alan work behind the scenes?11:00 - The value proposition of Gappify for a midsize company13:16 - About Gappify, including their participation in the AICPA startup accelerator16:48 - Live demo of Gappify Alan24:07 - Who is a good fit for Gappify as a customer?25:29 - What does Gappify cost?26:14 - Do you find challenges with customization?28:41 - Are you still building a bot to pass the CPA exam?32:36 - Do you think companies will stop customizing so much?36:16 - How to get in touch with Jotham Ty and learn about Gappify (https://www.gappify.com/)Get in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorXero: http://cloudaccountingpodcast.promo/joinxeroShow Notes00:34 -- Welcome to the Cloud Accounting Podcast, and our guest, Lorilyn Wilson, CPA!02:29 -- We got another review! Click here to leave a review on iTunes.03:25 -- Canopy releases professional tax prep software | Accounting Today — Practice management software developer Canopy announced general availability Tuesday of Tax Prep, its professional tax preparation software.08:10 -- Poll: What Percentage of your Firm’s Revenue Comes From Advisory Services? | Tax Pro Center | Intuit ProConnect10:37 -- @TheBig4Accountant: "I still have no idea what advisory does" | Twitter 😂13:54 -- Lawmakers expected to offer new version of IRS bill without 'Free File' provision | TheHill — The Free File program was stripped from the legislation moving through Congress, putting the future of the Free File program in doubt.14:52 -- Changes coming to tax transcript availability | Journal of Accountancy — The IRS said Tuesday that on June 28 it will stop faxing tax transcripts to taxpayers, tax professionals, and third parties to protect against identity theft.16:09 -- The Worst-Kept Secret About QuickBooks Online | Forbes — David says that Gene Marks nailed the key point about cloud accounting price increases way back in 2015.19:47 -- Hey CPA Exam Candidates, Y'all Ready For Continuous Testing? It's Coming | Going Concern — According to the revised rule, when system changes have eliminated the need for test window limitations “a Candidate can retake a Test Section once their grade for any previous attempt of the same Test Section has been released.”22:20 -- Georges raises $11.2 million for its accounting automation tool | TechCrunch — On the latest app that has raised VC money to automate accountants out of a job: “It’s not perfect so you still have to manually categorize some transactions. But it’s still much faster than entering each transaction in an accounting application. Once everything is tagged properly, Georges generates paperwork and sends it to tax authorities.”25:41 -- Here’s what creatives think of the new Mac Pro | The Verge — What do you think of the “Cheese Grater”?27:03 -- Updates to the App Store Review Guidelines | Apple Developer — Apple buried a new requirement that all apps on the app store use a “sign in with Apple ID” option in the future. Does this mean we’ll see an Apple ID sign in option in the QuickBooks and Xero iOS apps?29:32 -- In a rare advisory, NSA urges users to patch BlueKeep flaw | TechCrunch — If you’re running Windows 7 or earlier, patch your computers ASAP!31:50 -- ATAX Franchise and Loyalty Brands Join Forces to Expand Nationwide and to Serve the $2.13 Trillion US Latino Market | PR News Wire — There’s a reason ATAX is growing so quickly: “In the last decade, U.S. Latinos launched 86% of all new businesses in the U.S.”34:06 -- @LorilynWilson: “Bookkeeping Firms: Do you allow your client to dictate the accounting software?” | Twitter — According to a totally non-scientific poll on Twitter, the majority of respondents don’t allow their clients to dictate what accounting software to use.37:28 -- Thanks for joining us, Lorilyn! Follow Lorilyn Wilson on Twitter.Get in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorElefant: http://cloudaccountingpodcast.promo/elefantShow Notes00:48 - Why start your own accounting conference?01:47 - What is an "Accounting Salon"?02:47 - What makes the Accounting Salon different04:08 - Agenda for 201906:04 - How to nominate yourself (or another) to be invited next year07:01 - Thank you to this year's sponsors!07:38 - Visit AccountingSalon.com for more informationGet in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast

SponsorXero: http://cloudaccountingpodcast.promo/joinxeroShow Notes02:34 -- 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, putting it at 73 on Accounting Today’s Top 100 Accounting Firms list. 06:56 -- Sholto Macpherson asks, is QuickBooks Live a "Watershed moment or BAU?" — Twitter10:02 -- Google’s Duplex Uses A.I. to Mimic Humans (Sometimes) — The New York Times — Google admitted that it’s AI still needs human help, but you’ve got to listen to a recording of a call from Google Duplex (a bot) to a restaurant to book a dinner reservation.17:13 -- Roger, the accounting automation tool, raises $7.35M Series A — TechCrunch (Guess who is one of the investors? Dan Wernikoff, the former GM of QuickBooks and TurboTax.)20:02 -- Firms lose cloud access after Cetrom systems breach — Journal of Accountancy — Centrom, a provider of cloud hosting to CPA firms, fell victim to an attack using similar malware to the one that caused the CCH outage.21:23 -- In Baltimore and Beyond, a Stolen N.S.A. Tool Wreaks Havoc — The New York Times — The New York Times details how a leaked N.S.A. hacking tool might be responsible for the recent malware attacks on CCH, Centrom (a provider of cloud hosting to CPA firms) and the City of Baltimore.25:53 -- Social engineering: Password in exchange for chocolate — ScienceDaily — A disturbing percentage of people will give out their password to strangers in exchange for little value.29:38 -- Hands On: The Twin-Screen Asus ZenBook Pro Duo Is a Laptop From the 2020s — PC Magazine — With two built-in screens, David predicts this laptop could be the ideal computer for accountants and bookkeepers on the go.32:04 -- When You Raise Prices More Than a Smidge ... They At Least Look At Another Vendor — SaaStr — The author cautions software companies that rase prices to dramatically. Meanwhile, David was hit by a 100%+ price increase on his QuickBooks subscription!Get in TouchThanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? We have some open sponsorship dates available for the summer season. We also have some “conference special” sponsorship opportunities available, for example, the week of June 16 we’ll be doing 4 daily “conference crossover” episodes covering Scaling New Heights and Xerocon. For details and pricing, read the prospectus.SubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsSpotify: http://cloudacctpod.link/SpotifyGoogle Play: http://cloudacctpod.link/GooglePlayStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Overcast