A rundown of QuickBooks Online news from #QBConnect

We're recording at QuickBooks Connect 2019 in San Jose with David DiNardo, owner of ENVOLTA Inc (one of the fastest-growing cloud accounting firms in Canada), and Valerie Heckman of Intuit. Join us for an episode jam-packed with the latest QuickBooks Online product updates announced at #QBConnect, as well as lots more accounting and bookkeeping technology news!

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Show Notes
  • 00:45 – Meet Valerie! 
  • 01:44 – Meet David! 
  • 02:09 – Live fast, cloud-account hard! David’s firm, ENVOLTA, has hit Hubdoc’s Top 50 North American Cloud Accountants and The Ottawa Business Journal’s Fastest-Growing Companies list multiple times! | Ottawa Business Journal
  • 03:00 – Breaking news! The world does not stop when we attend accounting conferences! 
  • 03:47 – News from QuickBooks Connect! | Accounting Today
  • 07:08 – Like a spell-checker, only for accounting processes - one new QB feature, Bookkeeping Review, helps you find, and correct errors, with customization options for each client
  • 08:52 – Bookkeeping Review gives users almost real-time accounting, and eliminates a lot of year-end close headaches, especially around tax
  • 10:26 – What makes QuickBooks's Business Performance Overview tool outperform similar tools from competitors? 
  • 12:39 – Benchmarking tools are splendid, but how do you know the data is solid? 
  • 15:35 – Using powerful review and benchmarking tools provides a solid foundation for effective advisory
  • 17:29 – How do we build, a bigger, better Cadillac of accounting tools? 
  • 18:34 – Will too many apps spoil the tech stack? | Financial Times
  • 21:44 – When FASB speaks, accounting apps, like LeaseQuery run with it! | Business Wire 
  • 23:14 – Bankifi is throwing down the Banking-as-a-Service gauntlet | Forbes
  • 27:11 – Is another tax software company getting ready to bite the dust? 
  • 28:37 – The MyPayrollHR dominoes keep falling – Cachet ceases accepting ACH deposits for payroll | Cachet Financial Services
  • 29:57 – Cachet’s decision leaves companies, like Vermont-based PayData, holding the bag | VTDigger 
  • 32:15 – CYA with insurance – the best way to protect yourself and your firm when you’re stuck in the tangled web of apps and services
  • 33:02 – David DiNardo's parting wisdom: accounting and bookkeeping firms should go social! Not only is it good for marketing, but it's an excellent way to network and stay on top of what's going on! 
Connect with David and Valerie
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A rundown of QuickBooks Online news from #QBConnect
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