Cloud Accounting Weekly #5

Here's a roundup of the best links I clicked on this past week.

Industry News

60 Minutes: Fintech: Shaking up the Financial Industry — Watch the founders of Stripe and the CEO of TransferWise in this segment on the disruption financial technology is causing in the banking industry.

Patrick and John Collison / CBS NEWS

Patrick and John Collison / CBS NEWS

Bill.comSurvey Reveals Traits of Growth-Oriented Bookkeepers — Some interesting data in Bill.com's State of Bookkeeping Practices 2016 Survey. Check out the blog post for more info, or you can download the full results here (email required).

Infographic from Bill.com's State of Bookkeeping Practices 2016 Survey

Infographic from Bill.com's State of Bookkeeping Practices 2016 Survey

Going ConcernAccounting Firms and the New Overtime Rules — How will accounting firms adjust to the new DOL rules extending overtime to salaried workers making up to $47,476 per year?

NYTimes: New Crowdfunding Rules Let the Small Fry Swim with Sharks — New rules let unaccredited investors put up $2,000 a year or more in exchange for equity. But Gene Marks doesn't think it will help much.

App Reviews

CPA Practice Advisor2016 Reviews of Virtual CFO Systems for Accounting Firms & Their Clients — Reviews of AccountantsWorld Accounting Power, Intacct, QuickBooks Online Accountant, Thomson Reuters Accounting CS, and the Xero Partner Platform.

Accountex ReportUsing Dash Debit Cards for Purchases — Dash is a prepaid MasterCard program for businesses looking for an easier way to manage purchases by employees. Donny Shimamoto concludes that "Dash isn't ready for prime time."

Podcasts

Xero GravityEpisode 48: How technology maximizes business productivity — Elizabeth Ü interviews Nick Pasquarosa, who founded Bookkeeper360, an online bookkeeping company and Xero Platinum Partner, when he was just 19.

Resources

SageworksConsidering Value Pricing to Effectively Price Your Services [video] — Jason Blumer shares his knowledge about what value pricing is and how to use it effectively in your practice.

From Jason Blumer's webinar "Considering Value Pricing to Effectively Price Your Services"

TaxJarShould You Charge Sales Tax on Digital Products? — An excellent guide for your firm and/or your clients regarding the taxability of digital goods in the United States.

Software Updates

Bill.com: Bill.com has revamped their Salesforce integration to convert opportunities in Salesforce to invoices in Bill.com. Also some minor changes to sync with accounting platforms and import/export options.

QuickBooks Online: Here are the latest apps to integrate with QBO:

  • CollBox — Simplify collections management with an integrated platform that connects QuickBooks Online with a network of certified and vetted collections agencies.
  • Map My Customers — Effortlessly visualize spreadsheets, optimize driving routes, and segment leads across your team on iOS, Android, and Windows.
  • Postal Delivery — Remotely print and mail your QuickBooks documents from anywhere and from any device. 

XeroOur newest release lets you create more from a copied invoice — Now you can create new Quotes, Bills, and Purchase Orders using the details you've already saved on an Invoice, in addition to other improvements to the copy invoice feature.

Animated GIF showing the new copy invoice workflow in Xero

Have a great week!

Blake Oliver

Los Angeles, California, United States