There’s plenty of talk about the difficulty of hiring and retaining good CPAs, but it appears this trend isn’t limited to the accounting profession. CFO.com reported recently on a looming global talent shortage, which according to economic modeling, will reach about 85 million people by 2030.
Blake is skeptical about KPMG Australia's move to get into the ERP developer game with Microsoft, and David shares PayPal's acquisition of iZettle and what that means for point of sale options for small businesses.
It's the second episode of the Cloud Accounting Podcast 2.0 with my new co-host, David Leary! We chat about Warren Buffet's "Accounting Nightmare” and the net worth composition of wealthy individuals.
David Leary joins the podcast for the first time as my new co-host. We discuss the IRS' ancient computer systems that caused the crash on tax day, a case study of a CPA who got hacked by a malicious "keylogger" program, news from Blake's visit to NetSuite's SuiteWorld 2018, and a robot that can assemble an IKEA chair.
Tom Gabbert joins the podcast to talk about the "m" in mAccounting (it stands for "mobile"), why he's looking to hire "people people" (not just number crunchers), his efforts to "turn accounting from a necessary evil to a strategic advantage," the benefits of his firm's shift to cloud accounting, where the profession is heading, the emergence of outsourced accounting services, what needs to change in accounting education, how Tom is creating the firm and life he wants, and more.
Chris Rose, VP of Business Development at Sage Intacct, joins the podcast to talk about why organizations need to move to the cloud for their ERP, the value of cloud APIs for enabling third party integrations, and the threats and opportunities automation is presenting to the accounting profession.
Dr. Sean Stein Smith, DBA and CPA, joins the Cloud Accounting Podcast to discuss five of the top accounting articles from the past few weeks, including stories about PwC, blockchain, KPMG's partnership with Watson, EY's use of RPA to automate internally and for clients, the evolution of the "one firm client" practice, and why artificial intelligence is the future of accounting.
In this episode of the Cloud Accounting Podcast, I'm joined by Jody Padar, CEO and Principal of the New Vision CPA Group, a public accounting firm based in the Chicago area. Jody is the author of "The Radical CPA," and has just published a follow-up called "From Success to Significance: The Radical CPA Guide."
On Episode 6 of the podcast, I'm joined by Jeff Phillips of Accountingfly, a site for accountants and finance professionals to apply easily to hundreds of great jobs. We discuss the latest cloud accounting news, including: The four drivers of workaholism, and how it doesn't make for more productive employees; why meetings are toxic; how Gusto hired more women engineers; and how to be part of a team, even when working remotely
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 was in San Francisco earlier this year and stopped by the Kruze Consulting offices to chat with Scott Orn on the Founders & Friends podcast. Take a listen!
Check out my interview in the May 2018 issue of California CPA Magazine. I share how I got into playing the cello, the relationship between music and accounting, and what I think symphony orchestras should be doing to stay relevant.
I joined John Garrett recently on the Green Apple Podcast to talk about how my background in classical music helps my accounting career, how automation is attracting more creative individuals to the accounting profession, and why being authentic at work is the key to developing relationships that will aid your career. Listen here.
Read my interview with Ed Kless on the Sage Advice Podcast. We talk about how my first career as a classical cellist was disrupted by automation, what drew me to accounting technology, and how teams in the accounting profession are increasingly becoming a mix of full-time employees, part-time employees, contractors, and outsourcing firms.
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.
Going Concern featured my list of places to work other than a coffee shop in their article on how to stay productive when working remotely. Check it out for more tips.
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."