EPISODE · Dec 16, 2021 · 1H 4M
Wrong Metrics, Wrong Conclusions
from The Accounting Podcast · host Blake Oliver & David Leary
SponsorsOnPay: https://cloudaccountingpodcast.promo/onpayClient Hub: https://cloudaccountingpodcast.promo/clienthubRewind: https://cloudaccountingpodcast.promo/rewindNeed CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow Notes00:52 – Blake’s got a new Mac! 02:27 – David’s Bank-Feed Debacle 05:58 – The Threshold of Hell – Watching National Lampoon’s Christmas Vacation? 06:57 – Blake's Takeaways from Almost Inside Digital CPA 08:46 – It’s Time to Get Rid of the IT Department https://www.wsj.com/articles/get-rid-of-the-it-department-11637605133 15:33 – The AICPA's Melancon: ‘The profession that constantly reinvents itself’ | Accounting Todayhttps://www.accountingtoday.com/list/the-aicpas-melancon-the-profession-that-constantly-reinvents-itself 19:35 – Accounting 4.0: Don’t become Blockbuster Videohttps://www.accountingtoday.com/opinion/accounting-industry-4-0-is-happening-dont-become-blockbuster-video 22:45 – Are You Under-Pricing Your Client Accounting Services? - CPA Trendlineshttps://cpatrendlines.com/2021/10/21/are-you-under-pricing-your-client-accounting-services/ 29:49 – Voices Art of Accounting: Timesheet dispute redux | Accounting Todayhttps://www.accountingtoday.com/opinion/art-of-accounting-timesheet-dispute-redux 30:35 – A Timesheet Debate & Why Work Takes So Longhttps://podcast.earmarkcpe.com/episodes/the-great-timesheet-debate-with-ed-mendlowitz 33:05 – Blake’s Timesheet Use Case 35:35 – What Is a “Reasonable” Number of Work Hours? - CPA Trendlineshttps://cpatrendlines.com/2021/10/11/what-is-a-reasonable-number-of-work-hours/ 38:39 – New QuickBooks research reveals the impact of late payments on mid-sized businesseshttps://quickbooks.intuit.com/r/growing-complex-businesses/midsize-payments-research/ 44:08 – Majority of Mid-Sized Businesses Outgrow Technology or Overpay for Unused Featureshttps://investors.intuit.com/news/news-details/2021/Majority-of-Mid-Sized-Businesses-Outgrow-Technology-or-Overpay-for-Unused-Features/default.aspx 46:00 – Here’s How You Zoomed Over the Past Year - Zoom Bloghttps://blog.zoom.us/how-you-zoomed-over-the-past-year-2021/ 51:07 – H&R Block names Xero a preferred solution providerhttps://www.accountingtoday.com/news/h-r-block-names-xero-a-preferred-solution-provider 51:22 – Twitter comment from Zachary Owen, re: H&R Blockhttps://twitter.com/ZachJOwen/status/1469429680348479491 52:37 – Canopy raises $35M in latest funding round | Accounting Todayhttps://www.accountingtoday.com/news/canopy-raises-35m-in-latest-funding-round Canopy’s Accounting Practice Revolution Receives $35M Injectionhttps://aithority.com/it-and-devops/cloud/canopys-accounting-practice-revolution-receives-35m-injection/ 53:51 – Intuit QuickBooks Canada and Dataswitcher join forces to automate conversion to a cloud-based accounting solutionhttp://www.canadian-accountant.com/content/partner-posts/intuit-quickbooks-canada-and-dataswitcher-join-forces 54:22 – Oracle Gains After Sales Top Estimates on Cloud Performancehttps://news.yahoo.com/oracle-gains-sales-top-estimates-215221263.html 54:48 – FreshBooks, Sensibill Bolster Small Business Expense Managementhttps://www.pymnts.com/smbs/2021/freshbooks-sensibill-bolster-small-business-expense-management/ 54:58 – Kabbage® from American Express Launches Kabbage Funding™ to Help Simplify Funding for U.S. Small Businesseshttps://www.businesswire.com/news/home/20211208005617/en/Kabbage%C2%AE-from-American-Express-Launches-Kabbage-Funding%E2%84%A2-to-Help-Simplify-Funding-for-U.S.-Small-Businetransactions55:16 – Accounts payable automation startup Tipalti raises $270M, quadruples valuation to $8.3Bhttps://techcrunch.com/2021/12/08/accounts-payable-automation-startup-tipalti-raises-270m-quadruples-valuation-to-8-3b/ 55:35 – CPA funding portal expands with loan-financing option for small biz clients | Accounting Todayhttps://www.accountingtoday.com/news/cpa-funding-portal-expands-with-loan-financing-option-for-small-biz-clients 57:29 – Facebook Message from Cathy Volk – Thank you!https://business.facebook.com/CloudAccountingPodcast/inbox/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tw...
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What this episode covers
2021 is coming to a close, but we’ve still got a lot to talk about. Blake recounts his trip to the Digital CPA conference, and takeaways from the keynotes he may or may not have attended, including the call to end the IT department, as we know it. We’ll talk about why CAS is where it’s at, why you might be underpricing your CAS, how the wrong metrics can lead to the wrong conclusions, and how much work is too much. We’ve also got some thoughts on Ed Mendlowitz’s ”Art of Accounting: Timesheet dispute redux,” 2021 Zoom trends, and some great feedback from listener, Cathy Volk on personal responsibility, and why she doesn’t see QuickBooks Desktop use declining. In app news, we’ve got funding raises, updates from Oracle, news on FreshBooks, TaxDome, Kabbage, and two surveys from QuickBooks. Grab your gift-wrapping supplies, a tasty beverage, and join us!
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Wrong Metrics, Wrong Conclusions
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