AI

QuickBooks Live could be a Top 100 firm by 2020, fake bots from Google, Roger raises $7.35M to automate accounting with AI, and why the NSA might be to blame for the CCH malware attack

QuickBooks Live could be a Top 100 firm by 2020, fake bots from Google, Roger raises $7.35M to automate accounting with AI, and why the NSA might be to blame for the CCH malware attack

Blake crunches the numbers and figures that if Intuit meets its publicly stated goals, QuickBooks Live will likely be a $60 million per year accounting firm by 2020, (depending on whether or not you’d call an on-demand bookkeeping service an accounting firm, of course). Also, Roger, the accounting automation tool, has raised a $7.35M Series A. Guess who is one of the investors? Dan Wernikoff, the former GM of QuickBooks and TurboTax. Google admitted that its AI still needs human help, but you’ve got to listen to a recording of a call from Google Duplex (a bot) to a restaurant to book a dinner reservation. Next, the New York Times details how a leaked N.S.A. hacking tool might be responsible for the recent malware attacks on CCH, Centrom (a provider of cloud hosting to CPA firms) and the City of Baltimore. Speaking about security, did you know that a surprising percentage of people will apparently give out their passwords in exchange for… chocolate? All this and more insanity in this episode of the Cloud Accounting Podcast with Blake Oliver and David Leary.

Could the tax-filing deadline be extended? Also, why accountants should be worried about bots and fake AI startups, and Canopy lays off 40% of its staff

Could the tax-filing deadline be extended? Also, why accountants should be worried about bots and fake AI startups, and Canopy lays off 40% of its staff

In this week’s accounting news roundup: how tax season could be extended by 5 weeks, the latest QuickBooks updates and problems with new usage limits, Louisiana gave out $26 million in extra tax refunds by accident, why you need to be concerned about tech companies offshoring your client data, Canopy laid off 40% of its workforce, and more

Takeaways from the AICPA Controllers Conference, what’s new at Xerocon London, and how AI is catching expense report fraud

Takeaways from the AICPA Controllers Conference, what’s new at Xerocon London, and how AI is catching expense report fraud

Blake chats with Amy Vetter at the AICPA Controllers Conference about how modern modern accounting departments are refocusing to become proactive service centers as opposed to reactive cost centers; David shares news about Xero from Xerocon London, including Xero’s half year results; Gusto releases simple time tracking; ACH continues to grow; and how AI is helping companies reduce rampant employee fraud on expense reports using automation.

Two future career paths for accountants, how billable hours drive away Millennials, and more

Two future career paths for accountants, how billable hours drive away Millennials, and more

Levi Morehouse of Ceterus outlines how technology is shaping two future career paths for accountants; Jeff Bezos shares how he structures his day to be most effective; PwC launches a “Digital Accelerators” program to future-proof staff; Garrett Wagner explains how a focus on billable hours drives Millennials away from your firm; Sage Intacct reveals acquisition and integration of Budgeta for FP&A into the Intacct product; the Trump Administration’s proposed tariffs on China could increase costs for cloud computing services; and Intuit now supports tokens for bank feed authentication.

Cloud accounting survey results, IRS budgets upgrades, & lawyers dropping the billable hour

Cloud accounting survey results, IRS budgets upgrades, & lawyers dropping the billable hour

David reports on IRS plans to spend $291 million on technology upgrades and why some lawyers are dropping the billable hour. Blake shares takeaways from FloQast's 2018 Cloud Accounting Survey and the recent Cloud Accounting Roundtable in Culver City.