The Accounting Podcast

Blake and David discuss issues relating to the accounting profession's talent pipeline, including a high school student's negative experience in her first accounting class and efforts by state CPA societies to reduce licensing barriers. They move on to tech topics, like the slow adoption of AI tools such as ChatGPT among accountants and new product features announced by Intuit and Xero. Wrapping things up, they share listener feedback on finding resources to learn new accounting software and workflows and provide commentary on app subscription price increases and the need for accountants to price their services properly.


Chapters

• (00:00) - Preview: Accountants need to charge more
• (01:02) - Welcome to The Accounting Podcast : Blake talks to high school senior in an accounting class
• (10:41) - The South Carolina Accociation of CPAs introduces new changes to 150 rule
• (20:02) - Air traffic controllers are understaffed and narrowly avoiding disaster
• (23:51) - The number of EA's in The NAEA is down 23% over the last 5 years
• (26:10) - Comparing air traffic controller shortage to accounting shortage
• (31:26) - Attestation reports are not audits
• (34:09) - Listener mail from a bookkeeper asking for recommendations on how to learn QuickBooks better
• (40:36) - What should firms do when accounting software raise their prices?
• (46:26) - LegalZoom launches LegalZoom Books
• (49:02) - How many Ohio CPAs have tried ChatGPT at all?
• (51:57) - Intuit released their year end earnings
• (55:07) - Some new Xero AI news & Xerocon is back in the US for 2024
• (59:15) - Relay ups FDIC insurance to $2.5 million and Stripe offers sales tax calculations
• (01:01:25) - Wrap up and where to reach us

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Product wrap from Xerocon Sydney 2023 | Xero Blog        

 

150 Hours is a Barrier – Really! - Going Concern  

 

Jacob Schroeder: 86% of OSCPA Town Hall attendees have not used ChatGPT at all

 

SCACPA Proposing Legislation to Address Pipeline Challenges – SCACPA

 

Airline Close Calls Happen Far More Often Than Previously Known

 

Please join the Arizona State Society of Enrolled Agents “Town Hall”          

 

Question from a bookkeeper

Upcoming changes to QuickBooks Desktop pricing + FAQs

 

Dext pricing change from today 

 

Introducing Ramp Plus   

 

Fintech Ramp is Raising Capital at $5.5 Billion Valuation, Down 30%           

 

Accountants face up to the cost of cloud app stacks          

 

Stripe Unveils “Tax for Platforms” to Streamline Tax Compliance for Small Businesses         

 

Intuit (INTU) Q4 2023 Earnings Call Transcript      

 

Why Students Opt for Accounting (or Don’t)         

 

CPA Exam Changes and Pipeline Woes Are a Perfect Storm of Problems For the Profession               

 

Stop calling them audits

 

FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day

 

150 Hours is a Barrier - Really!    

 

SCACPA Proposing Legislation to Address Pipeline Challenges – SCACPA

 

Xerocon Returns to the US           

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! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page