Cloud Accounting Weekly #7

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.

Industry News

From left to right: Jef DeVoe, Director of Development at Hawkins Companies, Matt Rissell, Co-Founder and CEO of TSheets, Paul Stephens, Senior Development Partner at Hawkins Companies, Gary Hawkins, Owner of Hawkins Companies, Brandon Zehm, Co-Founder and CTO of TSheets, and Stan Ridegway, Mayor of Eagle, Idaho. 

TSheets: We’ve Got Groundbreaking News!

On June 1st, the TSheets team officially broke ground on a new, 65,000-square-foot headquarters building in Eagle, Idaho. (read)

Peter Horadan

Peter Horadan

Accounting Today: How Blockchain Will Change Business Transactions

Heard of Bitcoin? Bitcoin is built on blockchain technology. Peter Horadan explains the blockchain's shared ledger and how it has the potential to profoundly change the ways we track business transactions. (read)

CPA Practice Advisor: 2016 Tech Trends for Accounting Firms

Check out the results from this survey of primarily medium and larger firms by the CPA Firm Management Association. (read)

Going Concern: Why I'm Going for the CPA

Is the CPA license relevant anymore? As a cloud accountant serving small businesses, is it worth the trouble to obtain and maintain a license? I think so. Read my post on Going Concern for the four reasons I'm taking the time to sit for the CPA exams this year. (read)

Xero: How tech companies are innovating to help small businesses work smarter

James Maiocco shares how Xero's open platform pushed Receipt Bank from a limited UK market in 2011 onto the global stage. (read)

QuickBooks: June 2016 T-Shirt Giveaway

Post a comment on the QuickBooks blog between June 3 - 6 with your shirt size to enter to win one of 10 QuickBooks t-shirts. (enter)

If you're a solo CPA or partner in a small firm and haven't heard of Thriveal, you need to check them out. Speakers at this year's gathering in Greenville, South Carolina, include Blair Enns and JW Kim. (register)


Cloud Stories: Episode 45 — Wayne Schmidt

Heather Smith interviews Wayne Schmidt, "a trailblazer helping accounting and bookkeeping firms to grow, embrace change and drive profitability." (listen)

Xero Gravity: How a bad review might be good for business

90% of consumers look at review sites before making a final purchase decision. So you need to be soliciting positive reviews and responding properly to negative ones if you want to win more business. Bill Tancer, best-selling author, shares how to do it right. (listen)

Software Reviews

ProfitCents Thriveal Tech Review

ProfitCents is a tool for accountants and advisors to help them "empower clients to make better financial decisions." Ian Crook dives deep into the features and gives ProfitCents a 91/100. (read)

Practice Management

CPA Practice Advisor: How Accounting Firms Can Capitalize on the Outsourced CFO Trend

Outsourced CFOs give small business access to financial expertise on an as-needed basis. It's better for many small businesses, and presents a profitable opportunity for CPA firms. (read)

Use LastPass? Try LastPass Authenticator.

LastPass is one of my Recommended Apps for Accountants & Bookkeepers, and is essential to securely manage and share logins both internally and with clients. If you're using LastPass, it's important to turn on 2-factor authentication to protect against hacking. Now with LastPass Authenticator, it's even easier to authenticate with push notifications. (download)

A small San Diego company is growing fast and finding ways to work so efficiently that employees get every afternoon off. (read)

Marketing Resources

First Site Guide

Are you looking to get started with a website or upgrade your existing site? If so, check out this collection of free online resources put together by a collection of web geeks. They've created some excellent guides, including "How to Make a Website," "How to Start a Blog," and "How to Choose a Domain." (read)

Software Updates

To set up auto-add bank rules in QBO, go to Transactions > Banking > ▼ to the right of Update > Manage rules > New rule > Automatically add to my books.

To set up auto-add bank rules in QBO, go to Transactions > Banking > ▼ to the right of Update > Manage rules > New rule > Automatically add to my books.

QuickBooks: June 2016 Banking Update

Now you can create rules that automatically accept bank feed transactions into QuickBooks. And if you use the American Express OPEN app, you can now attach receipts up to 7 days after the transaction posts on the AMEX side. (read)

Xero: We are improving our infrastructure platform

Between June and the end of 2016, Xero is moving customer data over to Amazon Web Services. Customers are being moved in batches on weekends (early Sunday, New Zealand time). You'll receive a notification a few days prior to your organization being moved. (read)

Now in CrunchBoards, everywhere you see forecast data you can now pick how much actual data you want to include.

CrunchBoards: June 2016 Release

CrunchBoards has made a bunch of improvements, including more flexibility in selecting actual vs. forecast data in your reports. You can also reorder accounts and copy forecasts inside scenarios. (read)

Zoho Expense: Now Integrates with QuickBooks Online

Once expenses get approved in Zoho Expense, they are imported as bills in QuickBooks Online and the employee who submits them is saved as the associated vendor. (read)