The Accounting Podcast

Sponsor

• Accounting & Finance Show: http://cloudaccountingpodcast.promo/accountingshowla 

Show Notes

• 00:32 -- Greetings from sunny L.A. and the Accounting and Finance Show!  
• 01:33 -- Podcasting - Blake's gift to the world! 
• 01:49 -- Meet Shannon Hay, VP at Live Oak Bank 
• 02:44 -- Meet Dr. Curtis Cochran,  President/CEO of Cochran Consulting 
• 03:42 -- Why Cochran gives every new client a thorough exam  
• 05:45 -- What are the key considerations for selling your accounting firm?  
• 06:44 -- Are you worth less if you don't have your head, or your book of business in the cloud?  
• 07:09 -- Shannon talks valuation and the many variables involved  
• 09:27 -- Evaluating an accounting or bookkeeping firm's worth is an art, not a science 
• 10:37 -- It's a numbers game. The gentlemen discuss multiples 
• 11:55 -- Curtis argues that annual cash flow is a better determinant of value than gross revenue 
• 13:26 -- Why sell? Shannon talks about the various reasons firm owners want out  
• 15:59 -- One-stop shopping is not just for Amazon. Accounting and bookkeeping clients want more than just the basics 
• 17:37 -- Want to start your own accounting firm? Odds are stacked in your favor, if you have the right combination of knowledge, tech, and exceptional customer service 
• 18:25 -- Buyer's market or seller's market? Our guests have differing points of view 
• 19:33 -- Shannon believes many boomer firm owners still haven't decided to take their leave yet 
• 20:26 -- The young guns aren't buying up accounting  firms. A growing consensus of younger accountants thinks it's easier to just steal clients away 
• 22:25 -- Don't wait til it's too late. Even if you didn't start your firm with the finish line in mind, now is the time to get that exit plan in place!  
• 24:21 -- Buyers need to see the potential, not the past 
• 27:01 -- If you are sans exit plan, you're not alone. A fair number of large and small companies don't have one either

Connect with Our Panelists

• Dr. Curtis Cochran (President/CEO of Cochran Consulting): https://www.linkedin.com/in/ccochranconsulting/
• Shannon Hay (Vice President, Accounting and Tax at Live Oak Bank): https://www.linkedin.com/in/shannon-hay-1b6bb88/

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• BQE Core: http://cloudaccountingpodcast.promo/core
• Rewind: http://cloudaccountingpodcast.promo/rewind

Show Notes

• 01:25 – Why enjoy a nice relaxing Labor Day weekend, when you can go camping instead?
• 03:30 – Why are sock puppets writing accounting articles? 
• 05:23 -- Blake talks about how to suss out sock puppets on LinkedIn, and teaches us how to do a Google Image Search
• 08:35 -- Time to clean house on your LinkedIn profile? | LinkedIn
• 12:30 -- Something’s rotten in the state of accounting content | Leary Theory on Revue
• 13:13 -- According to a NY Times article, China is using LinkedIn for less altruistic purposes | New York Times  
• 14:06 -- Why do human work, when you can pretend to be a robot? | WSJ
• 16:45 -- Walmart one-ups UPS and sends their accounting jobs, some 600 of them, to India | Breitbart 
• 18:51 -- Get your Sage accounting advice Down Under -  Intacct opens in Australia | Accounting Today
• 20:04 -- The subscription economy grows again – Chargebee raise $14M in Series D round | Chargebee
• 20:30 -- AvidXchange is cozying up to banks with their acquisition of BankTEL | Verdict 
• 21:43 -- Going with the flow, Tesorio (think “Mint for Business”) raises $10M in a Series A round | TechCrunch
• 23:46 -- Intuit’s TSheets is losing the Race to Zero with increased user fees later this month | TSheets
• 26:32 -- Might be time to think outside the Box … | WSJ
• 29:18 -- Listeners – Are you using cloud storage, specifically Box, or Dropbox? Inquiring hosts want to know!  
• 30:57 --  Vanguard Active Funds Struggle to Beat the Market | Money
• 33:32 -- What to do when your cloud breaks | Journal of Accountancy
• 35:52 -- ABC – Always Backup your Cloud! Just because it’s in the cloud, doesn’t necessarily mean your data is backed up!  
• 36:40 -- Not even your teeth are safe from ransomware attacks! | Krebs on Security 
• 37:55 -- Is your cyber insurance making you vulnerable to ransomware attacks? | ProPublica
• 39:18 -- A deeper dive into the ransomware/insurance connection | ProPublica 
• 40:01 --  It’s not what you do, it’s why you do it | CPA Trendlines
• 43:43 -- Survey says: so long soft skills, bring on the tech! |  Accounting Today
• 45:51 -- News of the Weird: Liberty Tax, Sears Hometown, and Vitamin Shoppe make strange bedfellows! 
• 48:43 -- Sock-puppet-free, REAL awesome reviews! 
• 51:56 -- Blake and David are Boston-bound for Accountex 2019! 

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

BQE CORE: http://cloudaccountingpodcast.promo/core

Sign up for Inclusion Without Assimilation, an event for for finance, accounting, and fintech, in Boston, on Friday, September 6 from 9 AM to 11:30 AM EDT at the WeWork at 501 Boylston Street.

Show Notes

• 00:22 – Can you charge premium fees if you call yourself a bookkeeper? 
• 01:11 – What are the odds that David will escape federal grand jury duty and get to attend Accountex 2019? 
• 02:56 – Meghan shares the inspiration behind the  Inclusion Without Assimilation - Encouraging Diversity and Inclusion within the Accounting, Finance and Fintech world event, featuring some of The Cloud Accounting Podcast’s former guests – Jina Etienne, and Nayo Carter-Gray
• 07:57 – The reviews are in! David and Blake run down some more reviews of the show from iTunes and Podchaser
• 10:37 – Intuit’s ecosystem, and revenue continue to grow, according to their latest earnings report | Intuit
• 13:20 – Well, they do say imitation is the sincerest form of flattery .. QuickBooks’ latest addition, employee benefits options, looks a lot like Gusto’s product offering | Intuit QuickBooks 
• 15:07 – The Xero-OnPay partnership - in search of a bountiful harvest from the ag industry | Xero Blog
• 15:32 – In light of Expensify’s recent CPE-credit offering, Blake explains why this might be a no-brainer when it comes to increasing engagement | Business Wire
• 18:07 – Cash – more than $6 billion of it - is still king in some of Uber’s global locations | MarketWatch
• 21:31 – Strategic move or smokescreen? UPS eliminates 60+ accounting jobs in Texas | The Dallas Morning News
• 24:13 – Tax preparers who don’t raise their rates are leaving a load of money on the table | Accounting Today
• 26:15 --  Meghan talks about changing the scope of services along with raising rates, and why bookkeepers are typically the first to try out new strategies, like perpetual accounting  | CPA Practice Advisor
• 27:55 – 34.3 billion reasons the IRS needs a bigger budget | Indiana University 
• 29:07 -- Why Matt Paff (another former CAP guest) is showing MYOB the door | LinkedIn
• 30:53 – In the aftermath of last week’s WeWork discussion, a listener, Amy Walker, CPA, shared how she’s witnessed coworking spaces, like WeWork, evolve into more of an enterprise solution
• 32:55 – A Work-from-Anywhere strategy benefits both companies and their employees | Harvard Business Review
• 34:43 – Can help desk software help accounting firms help their customers? | Future Firm
• 37:19 If you’re not into more software, Blake, David, and Meghan share some other strategies for tackling customer service
• 39:00 – Bookkeepers, who’s really your client? Why there’s more value-add when books are done for the business, not just the tax return | AccountingWEB

Connect with Meghan Blair-Valero

Twitter: https://twitter.com/FoggedInbooks
LinkedIn: https://www.linkedin.com/in/meghan-blair-valero-6825b11b/

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors 

• Halon Tax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal
• LivePlan: http://cloudaccountingpodcast.promo/lpbootcamp 

Show Notes

We asked the question - What is Advisory? See the responses below in the transcript! 

Connect with Some Respondents!

• Melissa Mullett - Veem | LinkedIn
• Patti Scharf - Catching Clouds | Website
• Wayne Schmidt - TOA Global | Twitter
• Brooks Wheatley - System Six Bookkeeping | Website
• Nury Saenz - H&R Block Franchise Owner | LinkedIn
• Aaron Berson - VRTL | LinkedIn
• Elliott Brown - OnPay | LinkedIn
• Christine Walsh - Walsh Accounting Solutions, LLC  | LinkedIn
• Liz Farr - Farr Communications | LinkedIn
• Andy Burner - Xero | LinkedIn
• Stephanie Holt - Cloud Accounting & Consulting, Inc | LinkedIn
• Scott Scharf - Catch Clouds | Website
• Chris Rogers - BookWerks | Website
• Gonzalo Alvarez de Toledo - Contabi Alliance | Website
• Jay Kimelman - The Digital CPA | Website 
• Joel Lacayo - ATAX | LinkedIn
• Matt Donaldson - Rippling | LinkedIn
• Guy Pearson - Practice Ignition | Twitter | Website | LinkedIn
• Brooke Roberts - ProfitSee | Website | LinkedIn
• Jose Zavala - ZTX Advisors | Website | LinkedIn
• Thomas Casey - Xero | LinkedIn 
• Sasha Hryciuk - Loft47 | Website | LinkedIn
• Tracy Simmons - Loft47 | LinkedIn
• Dan Shively - Spotlight Reporting | Website | LinkedIn
• Dan Young - Xero | LinkedIn
• Kelly Bistriceanu - CollBox | LinkedIn
• Jeff Phillips - Accountingfly | LinkedIn
• Jason Staats - Brenner, LLP | Website | LinkedIn
• Brian Hershman - Buck Stops Here Accounting | Website | LinkedIn
• Ranica Arrowsmith - Accounting Today | Website | Twitter

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors 

• LivePlan: http://cloudaccountingpodcast.promo/lpbootcamp 
• Halon Tax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal 

Show Notes

• 00:57 – Meet one of the Two Jamies - Jamie McDonald, Executive GM, Product, Accounting and Global Services at Xero
• 01:44 – Jamie M talks career, and his new promotion
• 02:45 – What’s ahead for Hubdoc? Jamie M discusses the acquisition, some of Hubdoc’s newest time-saving features, and plans for building a more powerful platform 
• 05:10 – Jamie M talks about Hubdoc’s global positioning and how working across multiple time zones is maybe his least favorite part of his job 
• 05:57 – Touching on the Xero-Stripe integration – one more way to save time and eliminate headaches
• 07:31 – Keys to being successfully acquired – show up everywhere, listen, really listen, do lots of stuff that adds value, repeat 
• 10:14 – The other Jamie, Hubdoc Co-Founder and Co-CEO, arrives! 
• 11:00 – Has fetching docs (Hubdoc’s forte) become a new pain point for accountants and bookkeepers?
• 13:15 – Do we really want to live in a world without bank feeds? Why said feeds and fetching soar above the manual-entry alternative
• 16:15 – Jamie M talks about the potential for new business with the plethora of US banks and how Hubdoc is focusing on building an innovative, powerful, and reliable API that targets the accounting, bookkeeping community 
• 17:58 – Jamie S pontificates on how the new Wow moment – machine learning – is helping offset some of Hubdoc’s challenges with fetching 
• 19:14 – Here’s to another 10 years (and more) of success! 

Connect with Jamie McDonald

LinkedIn: https://www.linkedin.com/in/jamiemcdonald/
Twitter: https://twitter.com/jamiemcdonald

Connect with Jamie Shulman

LinkedIn: https://www.linkedin.com/in/jamieshulman/
Twitter: https://twitter.com/JamieShulman

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• BQE CORE - http://cloudaccountingpodcast.promo/core 
• Rewind.io - http://cloudaccountingpodcast.promo/rewind

Show Notes

• 01:25 – Happy Birthday, Blake! 
• 03:26 – David takes QuickBooks Online Accountant for a spin the real world
• 05:30 – The new titanium-flavored Apple Card – all hype, no substance? | ZDNet 
• 07:45 – A few of QBOA’s underperforming features - the Accountants Apps Program and Slack -  are getting the boot as Intuit keeps searching for a more perfect integration
• 12:04 – Xero’s Marketplace gets a new look, and some shiny new toys! | Digital First
  • *Correction: Jonathan Misfud is the author of this Digital First article. Blake mistakenly credited Sholto Macpherson. Apologies for the mix-up! 
• 14:03 – Is Square biting off more than they’ll eventually be able to chew? 
  • Square is taking a bite out of the hassle of managing a multitude of third-party food-delivery orders with their new orders platform | Square 
  • With constant development of new tools, APIs, and features, Square aims to be the middleman between everything from orders to accounting systems. 
• 18:18 – Meet the winners of CPA Practice Advisor’s Tax & Accounting Technology Innovation Awards, which includes a win for BQE Software – one of our sponsors. If you missed it earlier this year, check out our interview with CEO Shafat Qazi, and an excellent demo of BQE’s award-winning Core Intelligence AI.
• 24:05 – No magic here, just smoke and mirrors – yet another AI startup, Engineer.ai, is less than straightforward about human v. AI workload | The Verge
• 27:14 – What’s behind the allure of hiring non-accounting grads at CPA firms? Expansion of services, requiring more skill-diversified staffs, or the declining quality of a formal accounting education? | Journal of Accountancy
• 30:29 – The high cost of being an ethical, and skilled auditor – an eight-percent reduction in fees? | Accounting Today 
• 35:14 – “We” is getting people Worked up over their IPO, some wonky financials, and their standard operating procedure | LinkedIn

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors

• BQE CORE - http://cloudaccountingpodcast.promo/core 
• REWIND.io - http://cloudaccountingpodcast.promo/rewind

 Show Notes

• 01:38 – Welcome Ben Wann, CMA, CPA, and MBA to the show!
• 02:39 – Notable industry departures:
  • Matt Rissell exits TSheets amidst some corporate remodeling | BoiseDev
  • Jennifer Warawa parts ways with Sage and the accounting industry | Accounting Today
  • Blake Oliver departs FloQast | LinkedIn
• 07:46 – Seriously, you are not a tree. Move around! How career expectations have shifted from taking root in one job for decades to seeking new opportunities on the regular
• 11:08 – VC fundraising activity:
  • FreshBooks raises "most significant investment so far" from JPMorgan Chase | BetaKit
  • ScaleFactor continues to rake in some serious VC coin | Crunchbase
• 21:05 – Ben reads us a story: “Dear AICPA! I Wrote Your Concession Letter” and explains why he is bullish on the CMA versus the CPA after obtaining both
• 28:44 – Speaking of designations, where have all the CPA candidates gone? | CPA.com 
• 33:53 – According to a June ADP survey, 25 percent of accounting professionals surveyed said they would not recommend young accountants get a CPA license, or seek some other credential or advanced degree
• 35:50 – Ben talks about cheese, business process improvement, finance business partnering, and how new technology drives him to educate and help people navigate the constantly shifting accounting landscape
• 39:00 – Yet another way to Crunch some numbers with the help of freelancers | SmallBusiness.co.uk 
• 42:23 – Something’s phishy … More updates on the iNSYNQ ransomware snafu | Krebs on Security
• 47:41 – Armanino goes full crypto – first with a range of blockchain services, and now accepting payment via all forms of cryptocurrency | Armanino, LLP 

Connect with Ben

• Website: The Numbers Guys
• Twitter: @BenWann_CMA
• LinkedIn: Ben Wann, CMA, MBA, CPA
• Udemy: Ben Wann | Process Improvement Specialist-Accounting/Finance
• YouTube: Ben Wann

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus. 

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsor

• LivePlan: http://cloudaccountingpodcast.promo/lpbootcamp

Show Notes 

• 00:31 – A personal word of thanks to our sponsors 
• 01:00 – Sabrina and Kathy define advisory from their perspective  
• 03:05 – Finding the why - Asking the right questions to help build a strong advisory service 
• 07:01 – Another model of combining bookkeeping and advisory - former guest, Kenji Kuramoto 
• 10:22 – Worth repeating: Bookkeeping is not what creates value in the mind of the business owner  
• 11:37 – Adapt or die ... Stop fighting AI and get creative  
• 13:29 – Sometimes Kool-Aid is good. Sabrina breaks down the myth that strategic planning is not a small-business imperative
• 15:14 – Want to take your client-advisory skills to the next level? The LivePlan Client Advisory Services Boot Camp is just what you need!  
• 16:41 – For small businesses that don't have the budget for CFO-level help, there are endless opportunities for accountants skilled in strategic planning and advisory 
• 19:10 – When you've got the 'who, what, where, and why,' LivePlan gives you the 'how'  
• 19:53 – Kathy shares the inspiration behind LivePlan and describes some key features 
• 22:08 – LivePlan is launching a new QuickBooks Desktop Beta. If you're interested in taking part, visit LivePlan.com/strategicadvisors to learn more
• 25:16 – LivePlan offers tools that remove the complications and make it easy for small business owners to work alongside their accountants 
• 27:15 – Why Palo Alto transformed from desktop to cloud, and how they found the method to their madness within their own method - LivePlan  
• 31:53 – How does Palo Alto Software stay profitable, and continue to reinvest in its own growth? Strategic planning  
• 34:07 – Sabrina give a brief glimpse into her side gig - advocating for working moms and working families and how it took her to the White House more than once

Connect with Sabrina and Kathy 

• Email: [email protected]
• Website: LivePlan.com
• Twitter - LivePlan: @LivePlanSA
• Twitter - Sabrina: @mommyceo
• LinkedIn - Sabrina: https://www.linkedin.com/in/sabrinaparsons
• Twitter - Kathy: @KathyGregory1
• LinkedIn - Kathy: https://www.linkedin.com/in/kathy-gregory-821525112/

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.  

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors 

• BQE CORE: http://cloudaccountingpodcast.promo/core

Show Notes

• 00:08 – Blake and David talk politics for a brief moment in time ... 
• 00:47 – While Andrew Yang has a touch of bot-phobia, he's the only 2020 presidential candidate talking AI in any meaningful way.
• 01:24 – Yang's take on "reality TV" style elections |The Hill
• 02:04 – What it takes to hit the debate stage | NYTimes
• 04:34 – The ransomware wars go mainstream, when the latest attack on QuickBooks hits "action" news channels, like News 6 in Orlando | ClickOrlando.com
• 06:49 – Hackers are buying kits designed to specifically target QuickBooks Desktop data files | Healthcare Info Security
• 07:30 – Ransomware rebuilds - new business opportunity for accountants? 
• 09:10 – How many accounting firms suffer ransomware attacks and stay silent about it to save face? 
• 11:37 – Backing up the backups of your backups, and then backing those up on a regular basis is one way to mitigate ransomware damage
• 12:47 – LinkedIn adds some new marketing tools to help small accounting businesses boost their visibility on the platform business | Accounting Today
• 14:47 – Ain't nobody got time for updating multiple social sites when you're trying to run and grow your accounting business. David challenges app developers to create an app that's up to the social-media management task
• 16:49 – Intuit has added a new role in the TurboTax Live arena - tax associate - to assist credentialed agents with a variety of tax-related tasks |Intuit ProConnect
• 18:18 – QuickBooks Live finally has a landing page all its own, and they're celebrating by offering a free 30-minute consultation! | Intuit QuickBooks
• 19:13 – What exactly is QuickBooks Live? Short answer: Uber for bookkeeping
• 20:48 – Intuit provides an actual demo of the QuickBooks Live service in their new add, narrated by Danny DeVito
• 22:30 – Blake Oliver - Voiceover talent for hire!
• 23:56 – Does your firm utilize collab tools that include instant messaging? | CPA Trendlines
• 26:15 – Google Sheets ups its game with some new tools - Slicers, Scorecard Charts, and themes - to create more effective data visualization | Android Police
• 28:10 – The Federal Reserve wants to create its own instant-payments system, much to the chagrin of the Big Banks | Politico
• 29:31 – Open call to Elizabeth Warren - Make an appearance on The Cloud Accounting Podcast! 
• 30:38 – Square doubles down on its ecosystem plays | Bank Innovation 
• 32:30 – More talk on Andrew Yang’s automation/disruption platform and why the concept of universal basic income could be beneficial 
• 33:40 – You say you want a revolution? In June 2019, thousands of LA dockworkers marched against the rise of the robots | CNN Business
• 34:58 – According to a Pew Research Survey, 85 percent of Americans support policies for robot restriction
• 35:38 – It’s gonna get far worse, before it gets better. Blake talks about history repeating itself, and how the future may not be so bright for millions of workers in industries embracing automation
• 37:59 – With a reported 40 to 50 percent of accounting work that can be automated, accountants and bookkeepers sit at the top of the list of those who could be replaced by machine counterparts
• 41:11 – As automation and constant change becomes the norm, how do we tell our kids what to be when they grow up, when the jobs of today may not even exist by the time they enter the workforce? Perhaps investing in education and lifelong learning is the key
• 43:05 – What do you really think? Give us your issues, your ideas, your suggestions, and even your complaints! 

Get in Touch

Thanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.  

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast

Sponsors 

• Halon Tax: http://cloudaccountingpodcast.promo/halontax
• TOA Global: http://cloudaccountingpodcast.promo/toaglobal
• LivePlan: http://cloudaccountingpodcast.promo/liveplan

Shownotes

• 02:25 – Shawn explains the difference between a linear accountant and an exponential accountant
• 04:24 – Get stuff done! Embracing the gig economy with a Fiverr experiment
• 05:36 – Shawn shares some career background - from CPA to disruption strategist
• 07:37 – Accountants currently have a 94-percent chance of being automated 
• 10:15 – Winter is coming! If your firm doesn’t get with the cloud, you may get left out in the cold
• 11:18 – According to Hinge Marketing, in accounting, 25 percent of firms are eating all the growth (https://hingemarketing.com/library/article/2018-high-growth-study-accounting-financial-services-edition-executive-summary)
• 13:45 – According to Shawn, the accounting firms that chase relevance and stay on the leading edge will win the race
• 14:26 – Blake and Shawn talk about how Xero is breathing some rock-star-level life into the accounting industry
• 16:31 – If accounting is on the cutting edge of disruption, why are so many firms still using Excel as their primary record-keeping system?  
• 19:12 – How Intuit leveraged disruption to increase marketshare
• 21:16 – The Xero-Stripe Partnership (https://www.pymnts.com/news/partnerships-acquisitions/2019/xero-stripe-team-small-biz-payments/)
• 24:10 – The more you build out your ecosystem, through integrations and partnerships, the more value you bring to your clients
• 27:12 – Ball's in your court ... Are you brave enough to face an accounting world without billable hours? 
• 30:03 – If you want to change the trajectory of your firm and move it towards the cloud, try taking a risk
• 32:40 – How can accounting bring its sexy back?  
• 34:11 – Shawn shares some secrets to becoming a great storyteller and public speaker

Connect with Shawn

• Website: https://www.shawnkanungo.com/
• LinkedIn: https://www.linkedin.com/in/shawnkanungo
• Facebook: https://www.facebook.com/shawnkanungo
• Twitter: https://twitter.com/shawnkanungo

Get in Touch

Thanks for listening! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, do us a favor and write a review on iTunes. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Subscribe

• Apple Podcasts: http://cloudacctpod.link/ApplePodcasts
• Spotify: http://cloudacctpod.link/Spotify
• Google Play: http://cloudacctpod.link/GooglePlay
• Stitcher: http://cloudacctpod.link/Stitcher
• Overcast: http://cloudacctpod.link/Overcast