Cloud Accounting Weekly #9

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

CFO: Zenefits to Make Second Round of Job Cuts

Zenefits is laying off over 100 staff, which is about 9% of the total workforce. The HR and employee benefits startup is also closing its Arizona sales office. A few months ago Zenefits laid off 250 people. David Sacks, who took over from ousted founding CEO Peter Conrad, says this is part of his "version 2" plan for the company. (read)

David Barrett, CEO of Expensify

David Barrett, CEO of Expensify

Expensify: Expensify's comp review process

David Barrett, CEO of Expensify, lays out how Expensify determines compensation for its employees based on two assumptions:

  1. Everybody should be paid generously with respect to the market, and
  2. Everybody should be paid fairly with respect to their peers.

Oh, and he doesn't negotiate. (read)

Thriveal Blog: Deep Undercover at H&R Block (Part 1): The Mystery of the H&R Block Pricing Schedule

Last year Greg Kyte went to Liberty Tax. This year he went to H&R Block to see how they would do. (read)

Greg Kyte at H&R Block

CPA Practice Advisor: Nominations Being Accepted for 2016 40 Under 40 Awards

The "40 Under 40" program recognizes young professionals who are having an impact on the broader accounting and tax profession. CPA Practice Advisor is now accepting nominations for the 2016 awards. (read)

Intuit Accountants News Central: U.S. QuickBooks ProAdvisors Now Receive Exclusive Benefits to ICBUSA

Intuit has partnered up with The Institute of Certified Bookkeepers. QuickBooks ProAdvisors now receive a 50% discount on ICBUSA fees. Additionally, ProAdvisors who are QuickBooks Certified or Advanced QuickBooks Certified can "fast track" their memberships. (read)


Xero: Soak up some skills at Xero Summer Camp

Xero is partnering with Receipt Bank, Hubdoc,, and Fathom for a series of educational webinars for advisors from June 21 - 24. Learn how to transform your practice by figuring out the best solutions and how to use them to streamline processes. (learn more)

Accountant's Accelerator: Advanced Practice Management Boot Camp for Accountants and Bookkeepers

Michelle Long and Sandi Smith Leyva will use Michelle Long's "5P" formula in a workshop-formatted webinar series to go deep on five business essentials: Planning, Product, People, Processes, and Pricing. The price is $397 for early birds. (register)

Just for Fun

Asana: Corporate jargon cheat sheet

Since Asana wants to promote clarity around communication at work, they've collected the most common phrases heard around their office. The result is this handy cheat sheet. (read)


Matt Flanagan of BlueHub

Matt Flanagan of BlueHub

BizInk Podcast: What's happening in cloud accounting?

Matt Wilkinson of Bizink interviews Matt Flanagan of the U.K. cloud integrator firm BlueHub. Flanagan shares his insights into the latest developments in cloud accounting technology. (download on iTunes) (listen on the web)


Smith & Crown: A History of Bitcoin

Here's a brief history of Bitcoin, perfect for anyone who wants to learn more about this revolutionary technology. (read)


David Leary, Small Business Ecosystem Evangelist at Intuit

Subscribe to LearyTheory

Check out this cloud accounting newsletter curated by David Leary of Intuit. He has one of my favorite job titles: "Small Business Ecosystem Evangelist." If you're a developer and have questions about how to join the QBO ecosystem, David is the guy to talk to. (subscribe)


Karbon: Gain new clients with Facebook

20% of the world checks Facebook at least once a month, and the 50+ demographic is the fastest growing for the platform. Wayne Schmidt of Karbon shows how you can use Facebook to create highly targeted campaigns to prospective clients. (watch)


GetApp: Xero ranks #1 for Q2 of 2016

In GetApp's quarterly rankings of best vendor applications for the accounting and finance industry, Xero ranked #1 for Accounts Payable and Billing & Invoicing, and tied for first with NetSuite in the Accounting category. FreshBooks and QuickBooks Online were #3 and #4, respectively. (read)

CPA Practice Advisor: Reviews of Small Business Accounting Systems + Sales Tax and Use Systems

CPA Practice Advisor is out with reviews of the major small business accounting systems. Here are the individual reviews of the cloud-based solutions:

The publication also reviewed the following sales tax and use tax systems:

Software Updates

Accountex Report: Xero June Update

Greg Lam digs into the latest Xero updates, including:

  • More filters for the new reports
  • More options when copying an invoice
  • Migration to Amazon servers
  • Payroll in Arizona and Ohio
  • Braintree added as a payment service option
  • Android security improvements
  • Direct bank feeds with Wells Fargo
  • An improved bank statements page (read)

Square Invoices integrates with both QuickBooks Online and Xero.

Square: 3 New Invoicing Features to Help You Get Paid Faster

Now with Square Invoices you can:

  • Securely store customer credit card information,
  • Set up recurring invoices, and
  • Schedule your invoices. (read)

Use the new slider in Chrometa to quickly group time entries.

Chrometa: Instant Time Grouping

Chrometa, if you haven't heard of it, is a "passive time tracking app," meaning that it collects data automatically based on your computer activity to help you track your time. Now you can use a handy slider to group a set of time entries into a single entry. (read)


TSheets: Introducing TSheets + Qvinci. One place to do it all.

TSheets, the time sheets app, is running a promotion with Qvinci to give TSheets customers Qvinci for $99/file per year, down from the regular price of $149/year. Qvinci is a popular tool advisors can use to do industry benchmarking, consolidations, and custom reporting. (sign up)

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