Cloud Accounting Weekly #20

Wall Street Journal — Wal-Mart to Cut 7,000 Back-Office Store Jobs

The world’s largest company by revenue is eliminating approximately 7,000 store accounting and invoicing positions over the next few months. The individuals in these jobs perform functions such as managing their individual store’s accounts payable and cash flow. Much of this work will be handled by a central office. Cash will be counted by new “cash recycler” machines in each store. (read)

CPA Practice Advisor — Is the Future Supply of CPAs Threatened?

3 out of 4 current CPAs are projected to retire in the next 15 years. Will there be enough new CPAs to replace them? Even though a record number of college students are majoring in accounting, a new study by the Illinois CPA Society says that only about a third of them will go on to become CPAs. (read)


Copyblogger — Use This Step-by-Step Guide to Feel Confident and Connected at a Conference

This post is targeted at the blogging community, but the advice applies to anyone who attends conferences and tends to the introverted end of the social spectrum. Here are some great tips for making the most out of your conference experience. (read)


Accountex Report — 7 Fatal Marketing Mistakes Bookkeepers Make

Gabrielle Fontaine shares her top reasons why accountants and bookkeepers fail at marketing. My favorite: #5 — “Accepting Any Client Who Comes Your Way”. Big mistake. (read)


MIT Media Lab Digital Currency Initiative — What is bitcoin and the blockchain?

Here’s a helpful list of articles, blog posts, videos, books and courses to get you started on understanding this revolutionary technology. (read)


Abacus — A Career Change From Math Teacher to Accountant + Comedy CPE

Following up on his hilarious return as Xerocon MC for 2016, Greg Kyte talks to Bob the CPA about how he started his career as a math teacher, found out he hated it, and eventually ended up as a financial controller. Also, learn how humor can make CPE more effective. (listen)

Tips & Tricks

Growthwise — Xero Tip - Lock Periods

Steph Hinds explains why it’s super important to lock down your Xero file. Just do it! Lock it down! (read)

Software Updates — Updates to Mobile App (Accountex Report) — Judie McCarthy gives an overview of improvements to the mobile app since late spring. These include push notifications, viewing customers and vendors, viewing invoices, adding bills from the mobile app, and inviting vendors to get paid electronically.

Deputy — Deputy’s new Schedule Templates will save you a ton of time— Now you can save and load templates for your employee schedules. This allows you to build or save a schedule for a day or week as a template for future use.

Square — Square Teams Up with TouchBistro and Vend Point-of-Sale Systems — Now you can use Vend or TouchBistro for your point of sale integrated with Square as the merchant processor.