The Accounting Podcast | Is bookkeeping a $10 billion market opportunity? Intuit thinks so

Is bookkeeping a $10 billion market opportunity? Intuit thinks so

November 26, 2019 / 53:38/E134

All the news that's fit to account for, including: Bill.com files for $100M IPO; Sage releases their full year 2019 results; Intuit releases Q1 earnings; Bench partners with Taxfyle for monthly, fixed-fee books-to-tax service; BlueVine raises $102.5M; LeaseQuery raises $40M Series A; why chrome extensions might be your biggest security threat as an accountant or bookkeeper; Canopy bails on its Tax Prep product; Scaling New Heights Online fails; California has a plan to retroactively collect sales tax from out of state online retailers; and more!

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Show Notes

00:32 – See Brad. Be like Brad. When in doubt, buy TWO Cloud Accounting Podcast shirts!
01:52 – Same ol' sitch ... The new slew of tech banks don't seem to offer anything different than normal banks
02:36 – Who doesn’t need more flair? Chris Macksey shows you how to add some to your QBO Chart of Accounts!
03:21 – 😎 We've got reviews!
05:17 – Thanks to @sovereign_cloud, and his tweet about Episode 82, we made the CPA Alberta Mag!
06:30 – FreshBooks hit the international scene, opening offices in Amsterdam and Raleigh, NC | Accounting Today and CPA Practice Advisor
06:51 – Coming to (useless) terms – the MyPayrollHR fiasco continues as Pioneer Bank and Michael Mann agree to settlement | Times Union
07:33 – Former Intuit man, Rich Preece, finds a new home at LegalZoom | Business Wire
08:21 – Fintech Unicorn Bill.com Files For $100M IPO | Crunchbase
09:20 – Some interesting factoids from Bill.com’s S-1 | SEC
10:56 – What’s the hold up with Big Tech companies becoming banks? | Fortune
13:02 – Sage Full Year 2019 – The numbers are in! | Sage
15:57 – Intuit numbers are in, too! | Intuit
19:31 – Soup to nuts, Bench partners with Taxfyle to offer a broader range of services to the smaller business set | Bench
22:26 – BlueVine raises $102.5M more for banking services that target small businesses | TechCrunch
25:18 – LeaseQuery’s Series-A round rakes in $40M | AMERICANINNO
26:19 – It pays to shop around? PayPal’s biggest acquisition to date - Online Coupon Site Honey – carries a $4 billion price tag | Bloomberg Quint
28:45 – Tipalti Partners With AR Automation Firm YayPay | PYMNTS.com
30:37 – How APIs Drive Payroll-Accounting Connectivity | PYMNTS.com
33:42 – More troubles for Canopy Tax
37:57 – Wolters Kluwer Launches Client Collaboration Module | CPA Practice Advisor
38:17 – Marketing genius or epic fail? Scaling New Heights 2019 “Strategic Pivot” | Woodard.com
43:33 – Is Intuit really stealing work from bookkeepers? Almost 300 thought so … | AVAAZ.org
47:00 – Can California fix what ails it? | Accounting Today
48:43 – Food-delivery services, like DoorDash and Uber Eats, fail to collect taxes | VOX Recode
51:09 – Recent survey reveals the biggest tech challenges facing CPA firms at the moment | CPA Trendlines

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, and NOW, you can see our smiling faces on Instagram!

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