Cloud Accounting Weekly #3

Here's a roundup of the best links I've clicked on recently.


Also, check out my coverage of ExpensiCon, Expensify's first invite-only summit, held last week in Maui. Some big news in there about Expensify's new partnerships with Xero, TSheets, and BDO.

The Profession

  • Accountex ReportThe Importance of Redefining Bookkeeper — Ingrid Edstrom outlines how the bookkeeping profession is changing rapidly. The old dictionary definition no longer applies, and we need a new word to describe the new role of the modern bookkeeper. Any ideas?

Software Updates

A preview of the updated Inbox

A preview of the updated Inbox

The Receipt Bank "While You Were Away" popup


Square's EMV and NFC card reader

Square's EMV and NFC card reader

  • CFOHow the Blockchain Will Disrupt Banking — In 3-5 years, private blockchains will begin to disrupt the consumer payments industry with significant benefits for participating banks and their customers.
  • SquareWhat is EMV? Everything You Need to Know About Chip-enabled Cards — Square gives the lowdown on this new technology, what it means for sellers, and the difference between EMV and NFC. If you have clients selling with Square, make sure they upgrade to the new chip card and NFC card reader so they aren't on the hook for fraud.


  • TaxJarHow to Register for a Sales Tax Permit in Every State — If you work with ecommerce clients who have nexus in many states (Amazon FBA retailers, for example), it can be a real challenge to get them registered. To help you out, TaxJar put together this handy guide.


Practice Management

New UpWork fees effective June 2016

  • UpWorkThe popular freelancing platform UpWork is changing their fee structure. Starting in June, the hiring client will choose to pay either a 2.75% fee per payment or a flat $25 per month (for eligible clients). The freelancer will now pay a sliding scale fee based on lifetime billings for each client. The fee starts at 20% for the first $500 per client, goes down to 10% for the next $9,500, and will be 5% thereafter.