Cloud Accounting Weekly #15

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

Also, I'm excited to be teaming up with Xero as one of their new "Xero Ambassadors" in the United States! I'm joined by my esteemed colleagues Jay KimelmanAmanda Aguillard, and David Emmerman.

We'll be spending 50% of our time continuing to grow our own practices and the other 50% helping other accountants and bookkeepers succeed.

Along those lines, be on the lookout for a Xero meet-up group starting soon in the Los Angeles area. And if you're part of an accounting or bookkeeping association and are looking for a speaker or other educational content for your members, let me know


Top Stories

Now in Xero you can add Budget columns to the Profit and Loss (Income Statement).

Xero — Change the way you work with reports

Xero has made a major improvement to reports with the release of a new layout editor. Now you can customize columns to your heart's desire. For example, you can add budgets to the income statement. Or you can add columns containing custom calculations. (read)

Larry Ellison, co-founder of Oracle and a major shareholder in NetSuite

Forbes — Why NetSuite Is Coming Home To Oracle In $9.3 Billion Acquisition

NetSuite CEO Zach Nelson left Oracle to strike out for the cloud. Now he's going back to benefit from Oracle's global scale. (read)

Tallinn, capital city of Estonia

MIT Technology Review — This Tiny Country Thinks Virtual Citizens Will Make It Rich

Want to run a business in the EU? Estonia's e-residency program lets you set up Estonian bank accounts and legal entities that you can administer remotely without having to set foot in the country. (read)


Remote Work

The Wall Street Journal — This Beach Cabana Has Lousy Wi-Fi

"For most people, a cabana on the beach is the ultimate refuge from their office. For others, it is the office." (read)


Events

Hubdoc — The Ultimate Guide to Xerocon San Francisco

Hubdoc and Practice Ignition are partnering up for a webinar where they'll share tips for how you can get the most out of Xerocon (including the most important part: where to eat and drink near the venue). (register)


Just for Fun

The Accountant has a new trailer out

"Christian Wolff (Ben Affleck) is a math savant with more affinity for numbers than people. Behind the cover of a small-town CPA office, he works as a freelance accountant for some of the world’s most dangerous criminal organizations."


Sales & Marketing

Intercom — How people buy your product

If you want to be successful at marketing, you need to align your product or service with your customer's description of their problem. Because not all customers think the same way, you often need more than one way to do this. (read)


Reviews

PC Magazine — Xero Review & Rating

PC Magazine reviews Xero and rewards it with a rating of "excellent." The author also notes that Xero has been improving at a faster pace than its competitors, and may soon challenge QuickBooks Online and Zoho Books for their Editor's Choice honors. (read)


Software Updates

Bill.com (AR & AP) — Enhancements to Integrations — Bill.com has recently upgraded its integrations with Tallie, NetSuite, and Xero.

Now you can use Square to process credit card transactions in your WooCommerce online store.

Now you can use Square to process credit card transactions in your WooCommerce online store.

Square (payments) — Square Now Integrates with WooCommerce — Use the Square plugin to accept all major credit cards on your WooCommerce online store. You can also sync your product library from WooCommerce to your Square point-of-sale. Sales in your Square POS will also update inventory levels in WooCommerce. Finally, the Square Dashboard will show both your online and in-store sales in one place. 

Here's an example of the new form-fillable PDF report you can export from Xero and send to clients so they can help categorize transactions.

Xero (GL) — Uncoded statement lines — Now you can generate a PDF or CSV report of all unreconciled bank account transactions in Xero for a particular period. This is a great report to send to clients for their input on transactions you don't know how to code. The best part is that the PDF report is form-fillable, making it super easy for your clients to complete and send back to you. To use this new report, go to Accounts >> Bank Accounts. Then click on the Uncoded Statement Lines button. Click here to go directly to the new report in Xero.

Blake Oliver

Los Angeles, California, United States