Cloud Accounting Weekly #13

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

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Top Stories

TSheets β€” Introducing TSheets + Xero

TSheets and Xero lovers rejoice! TSheets now allows you to export invoices and time sheets from TSheets to Xero. TSheets can also pull your customers and inventory items from Xero to TSheets, making it easy to keep your lists in sync. (read)

Expensify β€” Expensify's Firing Strategy

Previously, David Barrett laid bare Expensify's compensation review process. Now he shares the challenges of and lessons learned from hiring 100+ people (and firing a good number of them along the way). (read)

Sales & Marketing

Moz β€” How to Choose a Domain Name

Here are some excellent guidelines for choosing a great domain name for your firm. If you haven't yet settled on a domain name, or are looking for a new one,  I highly recommend you read this article or watch the video before you make a decision. I violated rule #3 (keep it short) when choosing the domain for my bookkeeping startup, Cloudsourced Accounting, and while it wasn't horrible, it was something I regretted and would do differently. (read)


Conscious Millionaire β€” Mike McDerment: From Basement Startup to #1 Workplace in Canada

With 5 million users, FreshBooks is one of the top time tracking and invoicing apps around. The company has also won six Stevie Awards for excellent customer service β€” which could be a big reason it is second only to QuickBooks Online in paid subscribers in North America. (iTunes) (Stitcher)


Digital First β€” Microsoft Power BI and Xero

Sonia Cuff digs deep into the new integration between Xero and Microsoft Power BI, concluding that for a free product, the features are impressive. (read)

Aito Consulting β€” The Latest Big Noise from Scotland. (And It’s Not Nicola Sturgeon on the Bagpipes.)

UK-based Aito Consulting reviews FreeAgent, an accounting application targeted to freelancers and the micro end of small businesses. (read)

Software Updates

  • CrunchBoards (dashboards) β€” The July update brings us Live Boards, which lets you share access to a Board and then push updates to all your users without having to share anew. 
  • Expensify (expense reports) β€” Expensify has partnered with Uber, HotelTonight, Revel Systems, Fujitsu ScanSnap, and SaneBox to automatically import receipts into Expensify. Now you can skip snapping a pic or forwarding an email for receipts from these vendors once you connect them to Expensify.
  • FreeAgent (accounting package) β€” Now you can create mobile time entries from the new Timeslips section of the mobile application.
  • QuickBooks Online (accounting package) β€” Intuit has just released a new version of the mobile card reader so you can now accept EMV (chip card) payments. You can order an EMV reader here for $30, or if you are already a QuickBooks Payments subscriber, you should inquire if you are eligible for a free EMV reader.
  • Xero (accounting package) β€” Here's an explanation from the developers at Xero about how they're working to improve the underlying platform of the application by structuring it into "cells." The goal is to run groups of 100,000 subscriptions on their own dedicated infrastructure, allowing for growth without compromising performance.