Cloud Accounting Weekly #29

Here are the top links I clicked on this past week. Also, be sure to read my new blog post, QuickBooks Disconnect: How Intuit Could Crush the Nascent Cloud Accounting Ecosystem. Am I being paranoid? Let me know what you think in the comments.

Future of the Profession

QuickBooks Disconnect: How Intuit Could Crush the Nascent Cloud Accounting Ecosystem

By choosing to work exclusively with particular developers for deep integrations in QBO, Intuit could easily stifle competition in the cloud accounting ecosystem.

The Awkward Office Love Affair of Bots and Bookkeepers — Entrepreneur

Mathew Heggem, CEO of SUM Innovation, argues that while AI bots will speed data processing, businesses that let bots entirely replace humans will find it impossible to stay competitive.

Industry News

Therese Tucker of BlackLine

Therese Tucker of BlackLine

BlackLine's Therese Tucker made history and millions with her IPO — Business Insider

In the early years of her company, Therese Tucker thought she'd wind up bankrupt. She couldn't have been more wrong.

Highlights from Xero's latest report

Rocketing through $300m — Xero Blog

"For the six months ending September 30, 2016, Xero posted operating revenues of $137.2 million, a 48% year-on-year increase. Achieving a milestone of annualized committed monthly revenue of $303.2 million, Xero’s subscriber base reached a total of $1.7 billion of life-time value."

App Updates

Xero Contact Transactions report

Xero: Know your contacts with our new reports

Check out Xero's new Contact Reports! You can create a report that’s essentially a detailed Statement of Account showing a customer’s opening and closing balance, as well as a running balance that includes outstanding invoices, credit notes and even split payments.

Intacct Highlights Product Innovation at Intacct Advantage 2016

Intacct wrapped up Advantage, their annual customer and partner conference, with several important announcements.  These include an improved user interface and experience, project accounting enhancements and two new modules: Spend Management and Contract Management.

Jetpack Workflow: Turn any email into a job

Now you can forward (or simply email) anything into Jetpack. When you send something to, it will turn the email subject line into a job name and pull in the email content into the description. Whoever forwards the email is the default assignee.

Practice Management

Introducing Microsoft Teams—the chat-based workspace in Office 365 — Office Blogs

Microsoft's new Slack-like team collaboration tool is in preview as of this week with general availability expected in the first quarter of 2017.

Sales & Marketing

7 Terrific Tools to Refine Your Business Writing — Creator by WeWork

Even if your position doesn’t require you to compose lots of documents every day, you still have to write emails to colleagues and communicate with clients.


The Ultimate Guide To Finding Remote Accounting Jobs (Plus tips to help you get the interview) — The Lifestyle Accountant

Free chapter from the upcoming eBook, "The Lifestyle Accountant: How Millennial Accountants Can Ditch the Cubicle, Find Remote Accounting Jobs and Achieve Their Ideal Lifestyle," by Jeff Maddux


Roger Jacobi

Roger Jacobi

Episode 67: Becoming a Strategic Advisor with Roger P. Jacobi — Grow My Accounting Practice

Roger Jacobi shares the 3 major categories you can start looking at today to start giving proactive advice to your clients, including: mis-categorization, inventory, and margin leak.

Thanks for reading! Looking to catch up on the news? Check out our previous issue, Cloud Accounting Weekly #28.