EPISODE · May 26, 2020 · 58 MIN
What Intuit, Xero, and Sage Earnings Say about Cloud Accounting
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsBill.com: https://cloudaccountingpodcast.promo/billOnPay: https://cloudaccountingpodcast.promo/onpayBQE Core: http://cloudaccountingpodcast.promo/coreShow Notes03:07 -- Questions Persist After Release of New Small-Business Loan Rules - WSJ04:39 – Our first less-than-five-star review? Thanks for the feedback! 08:30 – Paychex Snapshot: Small Businesses Are Cautiously Optimistic About Recovery – InsightfulAccountant14:45: Xero Warns of Coronavirus Impact Despite Swing to Fiscal Year Profit — Update - Morningstar 14:48 – Intuit sees slide in revenues in Q3 - Enterprise Times15:54 – Sage : Half Year 2020 Results press release - MarketScreener 17:54 – Xero’s new integration with Relay enables flexible and intuitive banking for U.S. small businesses and their advisors - Xero 19:48 – What's new in QuickBooks Online – May 2020 - Intuit QuickBooks24:13 – Revolut Integrates With Clear Books Software | PYMNTS25:17 – Shopify Announces Major Product Launches and Updates at Virtual Event Reunite, Including Shopify Balance and Shop Pay Installments – Financial Post26:22 – Square's Results Spotlight SMBs' Resilience | PYMNTS27:11 – Stripe raises $600M at $36B valuation in Series G extension, says it has $2B on its balance sheet - TechCrunch28:05 – Kabbage Is Revived By Processing PPP Loans | PYMNTS30:03 – Deel Raises $14M For Remote Worker Payroll | PYMNTS 31:23 – Zenefits sees a shrinking company with no new job openings | Thinknum Media 32:12 – Grant Thornton introduces blockchain platform for managing intercompany transactions – Accounting Today34:17 – As clients struggle, Mazars creates PPP Analysis Tool – Accounting Today 34:29 – Crowe creates PPP loan forgiveness management solution for lenders – Accounting Today 36:33 – 'Useless' Deloitte accused of PPE failings amid COVID-19 deal secrecy– openDemocracy37:42 – Please Don't Call Deloitte If Your House Is On Fire– Going Concern40:24 – SBA Under Spotlight as Frustrations With Small-Business Aid Programs Grow - WSJ42:04 – Senate Adjourns Without Approving Deal to Extend PPP Spending Window - WSJ 44:45 – Mark Cuban: ‘It's time to face the fact that PPP didn't work’ – Fox News 45:16 – DOJ: Texas Man Claimed Employees For PPP Funds - PYMNTS47:06 – Accounting errors led to $60 billion overvaluation of JobKeeper– Business News Australia48:24 – With Move to Remote Voting, House Alters What It Means for Congress to Meet - NYT51:16 – Man sentenced to death in Singapore on Zoom call- Reuters51:58 – Mass Firing on Zoom Is Latest Sign of Weight Watchers Unrest - NYT 52:53 – Accountants Scrap With Banks For Billions In Paycheck Protection Fees - ForbesGet in TouchThanks 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) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePubl...
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What this episode covers
We kick things off with an analysis of Intuit, Xero, and Sage earnings announcements, plus a roundup of new cloud accounting app features, and a new blockchain app from Grant Thornton. Then we return to the PPP with the latest guidance from the SBA. Plus: How Deloitte is (apparently) screwing up the UK effort to make more PPE for its national healthcare system, and what Congress going remote means for the future of working from home.
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What Intuit, Xero, and Sage Earnings Say about Cloud Accounting
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