The Accounting Podcast

Show Notes @davidleary @BlakeTOliver another case for unlimited PTO: female retention. I use 1/3 of my PTO on vacation, 1/3 on my sick kids 😷, 1/3 I hoard so I have paid maternity leave. Women have different PTO needs then men, when can we recognize that and come up with a solution?— Kelly Mann (@TheCPAMann)  January 24, 2019 Why we are calling for the definition of the word ‘accountant’ to be ch...

Show Notes Females underrepresented at the AICPA Annual Executive Roundtable — Twitter — Dan Hood, editor of Accounting Today, shares Barry Melancon’s complaint that only 22 percent of accounting firm partners are women — and that we need to do better. Meanwhile, only 5 to 10 percent of attendees at the roundtable were women this year.  Super Bowl LII Will Feature An Ad About Expense Reports — AdA...

Show Notes Accounting salaries remain high in 2019 — Accounting Today — Accounting professionals in the public accounting space should feel good entering the New Year, as average salaries have once again increased due to stiff hiring competition among firms.  KPMG IT Advisory Associate Looking for Love on ‘The Bachelor’ — Going Concern — Onyeka Ehie will be trying to make the House of Klynveld pro...

Show Notes E-Verify AND E-Verify SERVICES ARE UNAVAILABLE — e-verify.gov — E-Verify and E-Verify services are currently unavailable due to a lapse in government appropriations.  What the federal shutdown could mean for tax season — CNBC — Accountants are worrying about the prospect of an extended federal shutdown as tax season approaches. That means there's a possibility that tax refunds may be de...

Show Notes 2019 Hiring and Compensation Trends for Accounting Firms — CPA Practice Advisor — Check out these six trends hiring managers in public accounting need to know, as identified by research for the 2019 Robert Half Salary Guide for Accounting and Finance Professionals.  35 years ago, Isaac Asimov was asked by the Star to predict the world of 2019. Here is what he wrote — The Star — The fame...

Show Notes KPMG to fine staff £100 for late time sheets — The Guardian — The accounting company said it would impose the penalties if staff were late to file their time sheets, which record how long employees spend on tasks.  British politician pledges to break up 'cartel' of big four accounting firms in radical overhaul — Business Insider — Leader of the Labour Party, John McDonnell, told the Fin...

Show Notes David Leary on Twitter : "Sometimes I feel like the entire accounting and bookkeeping industry is getting flooded by "social media influencers” that have no real legs to stand on…"  Joe Woodard on Twitter : "We thank @Xero for their sponsorship of Scaling New Heights Online…” Right Networks Eyes SMB App Connectivity With Propelware Acquisition — PYMNTS — Small business (SMB) cloud accou...

Show Notes KPMG Moves into Small Business Tax and Accounting Services with Spark — Accounting Today — Big 4 accounting and business consulting firm KPMG LLP, is making a play for the small business tax and accounting services market with the launch of a new online system called KPMG Spark. The service is the result of the acquisition by KPMG of the cloud bookkeeping system then known as Bookly.  D...

Show Notes Cloud ERP: The Time Has Come - CFO Magazine - Low up-front costs, hands-off maintenance, and automatic updates make cloud systems deserving of a serious look Why Blockchain May Never Benefit Corporations (Podcast) - Bloomberg - The Odd Lots podcast chats with Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultima...

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.  QBConnect 2018 - the review no-one else will write — Matt Paff on LinkedIn — Intuit’s theme for QuickBooks Connect was “Anything is P...

Show Notes VIDEO: Blake chats with Amy Vetter at the AICPA Controllers Conference — LinkedIn — I caught up at the FloQast booth with award-winning executive, author, and keynote speaker Amy Vetter at the AICPA Controller's Conference to chat about how modern accounting departments are refocusing to become proactive service centers as opposed to reactive cost centers . Xero’s half year 2019 financi...

Show Notes Accounting firms challenged in adapting to technology changes — Accounting Today — Only 25 percent of accounting firms feel extremely confident about their ability to keep pace in the current environment of technology changes, according to a report  Accountants in small and midsized practices embracing more technology, but feeling pressures — Accounting Today — Accountants who work in s...

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Show Notes Sage Intacct delivers quadruple win for Finance teams — Enterprise Times — Sage Intacct announced new features at its annual conference, including Sage Intacct Budgeting and Planning, an Interactive Custom Report Writer, and General Ledger Allocations.  David Leary joins AutoEntry — Intuitive Accountant — David Leary has joined AutoEntry and will be serving as their principal technology...

  Show Notes Join Blake and David at the Practice Ignition QBC Precon Party ! — It’s November 4th (the night before QuickBooks Connect) Register here: https://landing.practiceignition.com/qbc-precon From the mail bag: Heather Smith shares that Australia is introducing PAYID , an ID that allows people to direct payments independent of what bank you use. Should give Australians an amazing freedom to...

Show Notes 53% of accountants’ clients ready for Making Tax Digital launch — Accountancy Daily — Significant numbers of accountants’ clients are still struggling to prepare for the advent of Making Tax Digital for VAT, which is now only six months away, according to the Association of Accounting Technicians (AAT)  Outsource Everything but Accounting, Quality Control and Sales — Entrepreneur — Mich...

Scott runs Operations at Kruze Consulting , a fast growing Startup CFO Consulting firm that works with over 160 startup clients. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. In addition to his Operations responsibilities, Scott runs the Venture Debt Consulting practice at Kruze.  In his spare time, Scott publishes the Founders & Friends Podcast , whic...

Blake and David reconnect to talk about what's new in the worlds of QuickBooks and NetSuite. Intuit is discontinuing their QuickBooks Desktop Advanced ProAdvisor Certification — could this be the beginning of the end for desktop?  Meanwhile, NetSuite is soaring according to the latest Oracle quarterly results. NetSuite also announced their new "Banking as a Service" or "BaaS" offering, which will...

Learn more about intheBlk software at http://www.intheblksoftware.com .   Subscribe:  Listen on iTunes Listen on Google Play

Connect with Sean on LinkedIn and Twitter . Subscribe:  Listen on iTunes Listen on Google Play

Show Notes New Bank Feeds using Tokens — Insightful Accountant — This overhaul provides a faster and more reliable method for connecting with your bank so that your account transactions stay up to date with fewer sync errors. Initially, three banks agreed to participate in the new connection type; Chase, Wells Fargo and Bank of America.  China Tariffs Threaten Cloud Costs — Wall Street Journal — T...

Stories in this episode: Stephen Kelly ousted as Sage CEO after dismal results and faltering transformation — Diginomica Why Technology Won't Hurt Client Relationships — AccountingWeb Kevin Garnett Sues Accountant Over $77 Million Lost To Wealth Manager — CBS Boston Xero expands machine learning features for small businesses — ZDNet The Top 100 Most Influential People in Accounting — Accounting To...

Show Notes Buy Xero for Dummies on Amazon Watch Heather Smith’s popular YouTube channel Listen to the Cloud Stories podcast Subscribe to Heather Smith's email newsletter Subscribe Listen on iTunes Listen on Google Play

Stories in this episode: CPA Practice Advisor Announces the "40 Under 40" and "20 Under 40" for 2018 — CPA Practice Advisor Accounting Partners are just Franchisees — Medium The Story of a Remote CPA in Indonesia with No Internet Connection — Ryan Lazanis’ Blog FASB simplifies accounting for cloud computing service costs — Journal of Accountancy Bitcoin Accepted [Everyw]here: Square Wins Patent fo...