What Intuit’s quarterly results say about its battle against Xero, how high growth accounting firms are eating the world, why blockchain won’t eliminate accounting, and more

Show Notes

Intuit Reports First Quarter Revenue Increased 12 Percent Led by 42 Percent Growth in Small Business Online Ecosystem Revenue — Intuit Investor Relations — The company announced financial results for the first quarter of fiscal 2019, which ended Oct. 31.

Charts from Intuit’s investor deck:

QBConnect 2018 - the review no-one else will write — Matt Paff on LinkedIn — Intuit’s theme for QuickBooks Connect was “Anything is Possible” but Matt thinks it should have been “Legacy.”

Blink and it’s a Bank: Intuit Blurs Boundaries of Accounting Software — Digital First — Sholto Macpherson highlights Intuit’s not-so-secret plan to disrupt traditional lending with its new releases announced at QuickBooks Connect.

38 Percent of Employees Don’t Want Management Dictating the Tech They Use for Work — SmallBizTrends — According to a new report from NexPlane, 38% of employees don’t want management dictating the tech they use for work. And more than half have pushed back on IT or management when they tried to dictate the technology they use.

Will Waiting For Pay Day Soon Be A Thing Of The Past? — PYMNTS — According to a CareerBuilder report, 75 percent of consumers reported living paycheck to paycheck in 2017. That’s why an increasing number of firms embracing instant payments as an option for workers, and as a tool to both recruit and retain employees.

The Best Day For Payday — NPR — Most Americans get paid biweekly. One of The Indicator's listeners wanted to know why. So they looked into it.

2018 High Growth Study - Hinge Marketing - Check out this survey of over 1,000 professional services firms from across the globe. 

Hinge Marketing’s 2018 High Growth Study: Accounting & Financial Services Edition

Blockchain Promise to Revolutionize Accounting Hits Reality Wall — Bloomberg Tax — Blockchain a year ago seemed poised to revolutionize accounting. Now, it doesn’t quite seem so hot.

A leaky database of SMS text messages exposed password resets and two-factor codes — Tech Crunch — A security lapse has exposed a massive database containing tens of millions of text messages, including password reset links, two-factor codes, shipping notifications and more.

Microsoft details the causes of its recent multi-factor authentication meltdown — ZDNet — Microsoft has posted a root cause analysis of the multifactor authentication issue which hit a number of its customers worldwide last week. Here's what happened.

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Blake Oliver

Los Angeles, California, United States