Here's a roundup of the best links I clicked on this past week. Do you have an item that would be a great fit for a future update? Click here to suggest a link.
Xero announces a partnership with Wells Fargo
Wells Fargo is planning to work with Xero to set up a direct connection between Xero’s accounting software and Wells Fargo’s online banking product. [press release] Gene Marks thinks this is "something huge" and Rod Drury says that this shows how "the financial web is igniting the world's largest economy."
For my take on the new partnership, read my post "Why Xero's Boring Wells Fargo Announcement Is Actually a Big Deal."
On Deck and Intuit run joint fund to back loans
CNBC reports that Intuit and On Deck Capital have formed a joint venture called Lancelot QBFOD to provide business loans to Intuit's customers using Intuit's customer data. Last year On Deck and Intuit announced a partnership to launch a $100 million small business lending fund. [read]
Founders sell LessAccounting and return to consulting roots
Co-founders Allan Branch and Steven Bristol have sold their multi-million-dollar SaaS business in order to focus on their web and mobile consulting service and video production/marketing company. [press release]
TSheets announces Account Executive Program
With the new TSheets Account Executive Program, TSheets PROs get their own dedicated rep who they can call or email for help. The rep will also help out with client demos and do personalized training and onboarding. [read]
Xerocon San Francisco is August 15 - 17
Don't miss out on Xerocon 2016, which is in San Francisco this year. If you're looking for a reason to attend, read Amy Vetter's post, "5 things I’m looking forward to at Xerocon this year." I'll be there for sure!
Just for Fun
xkcd: "Time Tracking Software"
Soul of Enterprise: Doug Sleeter talks blockchain
Ron and Ed interview Doug Sleeter, founder of the Sleeter Group (now Accountex USA) and self-professed blockchain-obsessed entrepreneur. [listen]
Wondering what the big deal about blockchain and Bitcoin is? Not sure what it even is? Check out this overview article from Smith + Crown, "What is a Blockchain?"
Pricing Power: Clayton Oates & the promise of technology
Steve Major interviews Clayton Oates, who was recently the first Australian to be included in the Top 25 Thought Leaders In the Accounting Profession by CPA Practice Advisor. [listen]
12 Best Cloud Accounting Blogs of 2016
Here are 12 of the best accounting technology blogs that I’ve come across in my time as a cloud accountant and technology consultant. [read]
Let the Data Speak: Accountants and Bookkeepers Should Focus on What’s Important to their Clients
Intuit Canada conducted a study of hundreds of small businesses across Canada. The results suggest that accountants should talk about how they can improve their prospects' quality of life rather than emphasizing expertise or compliance with the law. [read]
- Charlie Russell details the changes coming to QBO in June. One big switch is that an accountant no longer has to be the master admin on a client account to move the client onto the accountant's wholesale pricing plan. [read]
- Light Reading reports that Intuit is planning on moving 100% of its infrastructure from its own data centers to Amazon Web Services (AWS). Xero is migrating this year to AWS as well, so it appears that both Xero and QBO will be hosted in the same place. [read]
Xero: Now on the bank statements tab you can see a running balance. You can also search bank statements by payee, reference, description/particulars, code, the amount of the transaction, and between any key dates. [read]