The best and worst 2020 predictions (and some of our own)
It's January and you know what that means... Everyone is making predictions! We cover the best and worst predictions for the profession, and make some of our own. In this episode: Accountex USA is no more, what's next for blockchain, what's next for gadgets, what Millennials want from your firm, accounting trends that will shape 2020, critical issues facing the profession, what regulators are up to in accounting, AI predictions, creepy applications that will change your business, and how big tech is coming for fintech.
Sponsors
Jirav: www.jirav.com
Hi, this is Blake, and I just wanted to let you know that this episode of the Cloud Accounting Podcast is sponsored by Jirav, my employer. “Jirav” sounds a lot like “giraffe” — and that’s no accident. Giraffes are the tallest animal in the world. That gives them a great view. Our goal at Jirav is to give you a similarly great view of what’s going on with your business.
We do that by helping you understand where your business has been, and most importantly, predict where it’s going. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans and budgets in real-time. If you’re using Excel for reporting and forecasting, you’ll save hours every month with Jirav.
Learn how accounting firms are using Jirav to deliver connected insight, strategize growth, and help their clients make more profitable decisions. Visit jirav.com and start your 30 day free trial. That’s J-I-R-A-V dot com. See farther with Jirav.
Hi, this is Blake, and I just wanted to let you know that this episode of the Cloud Accounting Podcast is sponsored by Jirav, my employer. “Jirav” sounds a lot like “giraffe” — and that’s no accident. Giraffes are the tallest animal in the world. That gives them a great view. Our goal at Jirav is to give you a similarly great view of what’s going on with your business.
We do that by helping you understand where your business has been, and most importantly, predict where it’s going. Jirav connects your cloud-based accounting, payroll, CRM, and billing data together to automatically update shareable online dashboards, monthly reporting packages, and sophisticated financial plans and budgets in real-time. If you’re using Excel for reporting and forecasting, you’ll save hours every month with Jirav.
Learn how accounting firms are using Jirav to deliver connected insight, strategize growth, and help their clients make more profitable decisions. Visit jirav.com and start your 30 day free trial. That’s J-I-R-A-V dot com. See farther with Jirav.
Show Notes
- 00:38 – Looking back - how many 2019 predictions came true?
- 03:17 – Blake's first prediction for 2020 comes true less than a minute later ... Well, sort of ...
- 03:38 – Culling All Accounting Conferences – less definitely may start to be more! | Accounting Today
- 05:33 – Is there any value in free?
- 09:01 – Duh ... Overstating the obvious isn't really making a prediction | E27
- 09:31 – Dynamic pricing is just not a thing, at least not for the smaller players
- 11:09 – Hmm - is "used" the new "new"?
- 11:28 – What's going to have the biggest short-term impact on accounting? One hint: it's not humans | Journal of Accountancy
- 13:25 – Blockchain in 2020 - boom or bust? | Enterprise Times
- 14:50 – Armanino releases blockchain-powered app for instant attestation | Accounting Today
- 16:49 – Government still says no to crypto | Real Daily
- 19:58 – Everybody’s losing their minds over 5G! But, why? | The Verge
- 21:14 – Blake takes issue with 2020 being the breakout year for 5G – lack of speed isn’t the problem; lack of use is
- 23:25 – 2020 just might be the year of foldy, rolly, hidey devices ... Maybe
- 25:12 – 2020 sees the hiring of non-accounting grads at CPA firms continue | Journal of Accountancy
- 26:25 – Blake says it's going to take a good decade to create and implement the changes needed in the CPA exam and curriculum
- 27:49 – Want to stay relevant, and innovate? Pull your head out of last year! | LinkedIn
- 29:33 – Millennials might be so 2019, but they still have some decent asks when it comes to employment | Boomer.com
- 31:31 – Open banking in the US? Maybe in 2030 ... | Accountancy Today
- 33:19 – What's the most important issue facing the accounting industry? Here are at least 100 | Accounting Today
- 35:30 – Things are different all over - 2020 Accounting Changes from Down Under | Accountants Daily
- 37:42 – Automation - great for those with actual skills; not great for the not-so-great ...
- 37:55 – What do accounting regulators actually DO? | CFO Dive
- 40:17 – For your reading pleasure - 120 AI Predictions For 2020 | Forbes
- 42:17 – Speaking of Voice AI – 46 industry pros share their 2020 Voice AI predictions | Voicebot.ai
- 45:01 – VR will continue to make people nauseous in 2020
- 45:08 – Four (just four?) Creepy Applications That Will Change Your Business In 2020 | Inc.com
- 47:36 – Is Netflix going to be your next bank? | Banking Innovation
- 49:24 – The moment we've all be waiting for - David and Blake offer up their 2020 predictions! 🎉
- 49:30 – Nobody's staying in their lane! David says watch out for blurred, crossed, and muddied lines more than ever.
- 50:59 – According to Blake, 2020 is the year that one of the GL players - think QuickBooks, Xero, et cetera - becomes a bank.
- 52:28 – David's no-brainer prediction - Xero and Sage will have to launch their own version of Live product to compete with QuickBooks Live. Mark his word! (For the record, Blake disagrees)
- 54:24 – Podunk is not the proper nomenclature, David ... 😁
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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