EY is out with a slick new corporate client portal for the Americas Tax practice; Mike Whitmire is my guest on the new episode the Cloud Accounting Podcast; Intuit launches its first corporate brand campaign with an animated short that's up to 16 million views on YouTube; Intel has developed smart glasses that don't make you look like a complete dork, Rod Drury on Xero's move from the New Zealand to Australian stock exchange; and more
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 coming, but don't think it will affect them in their own lifetimes, Bitcoin traders who have no idea they owe a lot of tax, and how the IRS is making things difficult by not being clear, and new smart glasses that don't make you look like a dork (anymore than you already do).
In this episode, I'm joined by Mike Whitmire, co-founder and CEO of FloQast. We discuss whether or not big firm CPAs are "insecure overachievers," how tax reform is accelerating the shift to automation in manufacturing, Sage's plans for international growth with Sage Intacct, why cloud accountants are embracing the business chat tool Slack, and why the War on Excel is a mistake.
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 recurring meetings, and how the IRS might soon have an API
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 beginning of the end for paper checks.
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 over remote vs. office work, the untold story of how Xero got its domain name, whether or not to move data when converting accounting systems, and JPMorgan's investment in Bill.com.
I had the pleasure of talking with Ed Kless of Sage on the Sage Advice Podcast about my background as a cellist-turned-accountant and the changing nature of accounting teams. You can tune in on Libysyn or iTunes.
There’s something that keeps me coming back to Xerocon year after year...
IRS guidance is silent on which section of the tax code cryptocurrency falls into. This has major implications for the tax treatment of transactions involving Bitcoin. Read Craig Smalley's analysis on CPA Practice Advisor.
Intuit announced a number of new features and improvements at the annual QuickBooks Connect user conference. Read about the updates on the QuickBooks Blog.
If you want to understand the value of blockchain and cryptocurrency, read this. It has nothing to do with the price of Bitcoin. That’s just a distraction. The true value is that it provides a distributed system for verifying claims of ownership — whatever they may be.
Xero Projects is a simple way for users to track time and expenses on projects or jobs within Xero. It’s designed for small businesses in service industries. Read my review of Xero Projects on Accountex Report.
Ethical problems arise in hourly billing due to the misalignment of interests created by the system. It’s hard to be a good citizen in a bad culture. Don't miss this Soul of Enterprise podcast episode with Ed Kless and Ron Baker. Listen now.
This update to QuickBooks Online Accountant allows users to specify that a project and it's related tasks should repeat on a weekly, monthly, or annual basis. Read Charlie Russell's full review on Accountex Report.
New designs are partly a backlash to wide-open floor plans and include a “palette of places,” meaning that people don’t sit in just one spot.
Want to instantly improve your productivity at work? It's easy. Just stop constantly checking your email. Research shows that workers who only check email 3 to 4 times per day have significantly lower stress levels than those who don't, and they feel more productive.
Starting in June, UpWork will start charging a processing fee to employers. Freelancers will now pay a fee on a sliding scale as opposed to the previous 10%.
As a freelancer or remote worker, eventually you get sick of working from home or cafes. Here's a list of other places where you can sit down, focus, and finally get some work done.
From the article on NYTimes.com: "Makers can’t live like Managers. They require ‘‘Maker hours’’ — long, unspoiled afternoons to muse, contemplate the verities, build digital things and play stress-relieving games of Carcassonne. They need rich, solitary, germinative time."
This year, the team at HPC switched to Zoom for our company video conferencing tool. I've added it to my list of Recommended Apps for Accountants and Bookkeepers.
Over the past two years of running a completely virtual, cloud accounting service business, I’ve learned a lot about what works and what doesn’t when it comes to project management (PM) applications. After spending hours on hours evaluating PM software, I’ve come up with a set of criteria that I hope will help you decide on your own solution.
Basecamp just released a big update to their iPhone app. The update includes some long-awaited key features for mobile, making Basecamp a much stronger option for mobile project management. The iPhone app also now supports cool new features in Yosemite and iOS 8 including the iOS sharing extension and Handoff.
Email newsletters have an insane ROI, but for some crazy reason, most accountants don't send one. I'm sharing what I've learned from sending 70+ issues of Cloud Accounting Weekly, including how to do it FAST
There are so many social media channels and there’s always something new coming. Check out this article by The Profitable Firm to figure out if your accounting firm needs to be on every social media channel.
Mark Wickersham’s rules for successful value pricing:
- You must have a face-to-face pricing conversation with your client
- You must offer certainty and choice
- You must offer a menu of options
Read the full story on the Accountex Report.
Read this article in Accounting Today about the importance of keeping the focus on the prospect, not yourself or your own firm. My key takeaway: "Try asking more and telling less. Asking great questions is the route to more engagements and one of the best ways to grow your practice and your firm’s revenues."
Here are some excellent tips for writing well from Help Scout, including my favorite, "Don't write words, write 'music'."
Since 2008, Expensify has acquired nearly 4 million users while spending next to nothing on promotion. Here's how.
Previously on Going Concern, I wrote a post called "Why Accountants Suck at Marketing." As a follow up, here are four simple ways accountants can do better.
From my first post on Going Concern:
"Valuing logic and reason above all else is an excellent trait for an accountant, but is terrible for understanding how and why people buy things. That’s because most people buy products and services according to how they feel, not how they think."