Here's a roundup of the best links I clicked on this past week.
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.
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)
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)
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)
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
Bill.com (AR & AP) — Enhancements to Integrations — Bill.com has recently upgraded its integrations with Tallie, NetSuite, and Xero.
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.
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.