What's New in QuickBooks from Connect | Firms Turning Away Work Due to Staffing Shortages

We're back from QuickBooks Connect 2023 with announcements, updates, new features, and improvements in QuickBooks Online. Also, EY got fined $3 million for cheating on ethics exams, and 42 percent of firms are turning away work due to staff shortages. Finally, we discuss the disruption of Alphabet's main search business by Microsoft, Amazon, and Apple in the AI-powered assistant space.


Chapters
  • (00:32) - Blake and David are back from QuickBooks Connect
  • (06:44) - New QuickBooks features announced at QuickBooks Connect
  • (07:31) - QuickBooks Ledger
  • (09:53) - Expanded roles and permissions in QBO
  • (10:22) - QuickBooks Payroll cost allocations
  • (11:29) - Chart of Accounts templates
  • (12:32) - Changes to ProAdvisor Program
  • (13:14) - Now you can copy QBO files to a sandbox
  • (16:26) - Blake's AI session at QuickBooks Connect
  • (24:54) - Blake will be giving a webinar on AI on Earmark's Webinars+
  • (27:40) - EY Texas gets a $3 million penalty for cheating on ethics exams
  • (34:42) - 46% of EY audits in 2022 had flaws
  • (37:54) - What numbers do investors care about?
  • (41:47) - PCAOB says they have doubled their fines in recent years
  • (43:42) - More cities are struggling with ERP rollouts
  • (45:04) - Zoho introduces practice management software for accountants
  • (46:52) - Tech Radar's top laptops for accountants
  • (48:11) - Intuit updates their tax software and shuts down Mint
  • (55:36) - 42% of accountants turn down work over staff shortages
  • (57:58) - ClientHub introduces AI-enabled email integration
  • (59:31) - 3 AI-based accounting companies raise a lot of money
  • (01:08:55) - Is Google/Alphabet in trouble?
  • (02:09) - 31 Wrap up and thanks for listening
 

Show Notes
Intuit rolls out bevy of new features for the next tax season | Accounting Today
 
New product innovations at announced at QuickBooks Connect help accountants drive small business growth
 
PCAOB fines doubled in recent years | Accounting Today
 
Accounting firms hit with record US fines over audit failures
 
SURVEY: 42% of Accountants Turn Away Work Over Staff Shortages - CPA Trendlines
 
Black Ore Emerges from Stealth with $60 Million in Funding to Bring AI to Financial Services
https://www.blackore.ai/articles/black-ore-emerges-from-stealth-with-60-million-funding

Launching Zoho Practice: The Ultimate Practice Management Software
 
Bill Holdings Is Said to Near $1.95 Billion Deal for Melio
 
Bill Holdings stock sinks amid report of $1.95B deal talks for Melio ...
 
Bill Holdings denies media report on Melio deal  
 
Puzzle secures $30m for revolutionary AI-powered accounting ...
 
EY Gets $3 Million Penalty by Texas Board of Public Accountancy
 
Bill's stock bounces after denial of report it was pursuing a $2 billion ...
 
Black Ore Raises $60 Million and Debuts AI Tool for Accountants
 
New Products at QuickBooks Connect Help Accountants Drive Small ...
 
St. Louis comptroller said prior mayor wanted new accounting ...
 
Intuit QuickBooks Unveils New Product Innovations at QuickBooks Connect that Help Accountants Drive Small Business Growth 


Need CPE?
Get CPE for listening to podcasts with Earmark: https://earmarkcpe.com
Subscribe to the Earmark Podcast: https://podcast.earmarkcpe.com

Get in Touch
Thanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.

Sponsorships
Are you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.

Need Accounting Conference Info? 
Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

Subscribe

Classifieds
Forwardly - https://www.forwardly.com/
Classifieds
Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd

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

Creators and Guests

What's New in QuickBooks from Connect | Firms Turning Away Work Due to Staffing Shortages
Broadcast by