Blake and David review what we know so far about QuickBooks Live, Intuit’s “assisted bookkeeping” service that the company was seemingly attempting to launch under the radar. A competing “Software Plus a Service”, inDinero, did not try to hide its acquisition of Indianapolis-based accounting firm mAccounting. Meanwhile, FreshBooks has released a new double entry accounting feature, and KPMG decided to give up on SMB accounting in the UK after trying for five years to make it work. Finally, Bill.com announced a partnership with American Express. All this on the latest episode of the Cloud Accounting Podcast.
David is tired of “social media influencers” who have no real experience acting as experts on social media, pumping the latest product or app that writes them a check. The gang also chats about Joe Woodard’s announcement on Twitter that Scaling New Heights Online will now include Xero as a sponsor. Other stories discussed: Right Networks acquires Propelware, Fintech startup Plaid raises $250 million at a $2.65 billion valuation, Intuit is (once again) relaunching the ProAdvisor program, Expensify releases a $5 per month personal plan. Finally, Blake shares Ryan Lazanis’ predictions for accounting firm trends through 2022 based on the World Economic Forum 2018 “Future of Jobs” report.