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Over 6 million small businesses using cloud accounting: QuickBooks and Xero numbers compared

Over 6 million small businesses using cloud accounting: QuickBooks and Xero numbers compared

We dig into the latest Intuit and Xero earnings reports to figure out who is winning the battle to conquer the world of small business cloud accounting. Also, one controller used the IRS to steal $2.8M, TurboTax uses a “military discount” to trick troops into filing their taxes, Senator Warren is on the attack against Intuit, QuickBooks Live plans to scale rapidly to 500 ProAdvisors, Baltimore is held hostage by ransomware, and why blockchain is all talk in accounting (at this point, anyway).

QuickBooks Live on the Intuit earnings call, how GoDaddy’s “do it with me” program could be a harbinger for ProAdvisors, community feedback on QuickBooks Live, and why job switchers make more money

QuickBooks Live on the Intuit earnings call, how GoDaddy’s “do it with me” program could be a harbinger for ProAdvisors, community feedback on QuickBooks Live, and why job switchers make more money

Can you believe it? A question about QuickBooks Live made it into the latest Intuit earnings call! In other Intuit news, the company recently caught and stopped a hack. Find out how you can protect yourself from similar attacks. Also, we take a look at ProAdvisor feedback from the Joe Woodard online town halls. In non-Intuit news, Jamie Dimon is jealous of Square’s innovations, Abacus adds travel booking to its expense management app, and a new study suggests switching jobs is the easiest way to make more money.


Xero wants to change the definition of “accountant,” Expensify drops the first rap video about expense reports, meanwhile EY’s own expense app is “hot garbage,” and more

Xero wants to change the definition of “accountant,” Expensify drops the first rap video about expense reports, meanwhile EY’s own expense app is “hot garbage,” and more

For all the latest news about accounting technology, listen to the latest episode of the Cloud Accounting Podcast!

KPMG to fine staff for late time sheets, Square wants to be a bank, real-time payroll for workers, Flux raises 7.5M, and the case for a 6-hour workday

KPMG to fine staff for late time sheets, Square wants to be a bank, real-time payroll for workers, Flux raises 7.5M, and the case for a 6-hour workday

Despite bumper payouts to partners, the UK branch of KPMG announced it will be imposing penalties of £100 on staff who turn in their time sheets late. Meanwhile, the leader of the Labour party is calling the Big Four a “cartel” and is threatening to break them up. Meanwhile in the US, Square has revived its request to start a bank, which would primarily offer loans, deposit accounts, and prepaid cards to small businesses. Blake and David also discuss a couple of apps: 1) Earnin raised $125M to enable same-day payrolls for workers, and 2) Flux raised $7.5 in the UK to bring digital receipts to bank feeds via POS systems. Finally, Blake shares why it’s time to consider a 6-hour workday for knowledge workers.

Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream

Are accounting firm partners just franchisees? Also, how Square could make cryptocurrency go mainstream

CPA Practice Advisor has announced their annual “40 Under 40” in the accounting profession for 2018, Jason Andrew makes the argument that accounting firm partners are essentially franchisees, Ryan Lazanis blogs about a guy who is probably the most remote cloud accountant in the world, FASB has simplified GAAP for cloud computing, and how Square could be the disruptor that makes cryptocurrency payments go mainstream.