Why ScaleFactor Failed, According to Employees (It Wasn't COVID-19)

There's a lot to cover in this episode. We'll talk about McConnell’s stimulus waiting game becoming a race against clock, and just what Democrats and Republicans want in the next coronavirus relief package, and what Arizona's tenuous coronavirus plateau could teach us. We'll also focus on the demise of ScaleFactor, from the employees' perspective, talk about all the rescues ruining capitalism, and Modern Monetary Theory, and explore the reasons why the AICPA created a forgiveness tool for the masses. All this and more! Grab a LOT of snacks!

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Show Notes

Coming soon!

Addendum: Scale Factor
 
Botkeeper story we broke in FEB 2019
 
 
VisorTax's failure
 
 
Our past Scalefactor coverage



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Transcript

Coming soon!
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This episode of The Cloud Accounting Podcast is sponsored by ClockShark. Back in October of 2013, I became ClockShark's first Twitter follower. Today, ClockShark has grown into a highly rated and very-much-loved time-tracking app that is now used by over 5,000 small businesses globally. With features like crew tracking, scheduling, overtime notifications, routes, geofencing locations, job costing, budgeting, and reporting, ClockShark has built a robust mobile time-tracking app to handle the unique challenges that face your mobile workforce clients.
 
Their technology has been helpful as their clients work through the COVID-19 pandemic. Your clients will need accurate records of their expenses, and losses, and technology like ClockShark helps. With ClockShark, your clients can keep accurate records, like paid time off, and other important data to provide the necessary proof for CARES, and FFCRA Acts' benefits. This lets them get straight back to work without too much disruption after the pandemic has passed. ClockShark's standard plan is just $6 a month per employee. Head over to
cloudaccountingpodcast.promo/clockshark. That is Cloud Accounting Podcast dot promo forward slash C-L-O-C-K-S-H-A-R-K.
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This episode of The Cloud Accounting Podcast is sponsored by BQE Core. I recently had two Zoom calls with accountants that use BQE Core for their professional service clients, like architects, engineers, consultants, and lawyers. One accountant called it the missing link for professional services. Another said that BQE Core is the only game in town for job profitability in the cloud. My biggest takeaway from the conversations was how you can 100 percent use BQE Core as your standalone accounting system or pair it up with either QuickBooks Online, or Xero.  

Either way, you get to take advantage of all the advanced features of BQE Core, like adjustment invoicing, budgets, labor cost, forecasting, contract analysis, and approval processes. Cloud Accounting Podcast listeners will receive three months of BQE Core for free with an annual subscription package purchased on or before September 30, 2020. To learn more, head over to cloudaccountingpodcast.promo/core. That is Cloud Accounting Podcast dot promo forward slash C-O-R-E.
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Hey, I'm hoping that you're enjoying this episode of The Cloud Accounting Podcast. Normally, this is part of the podcast there'd be an ad for a great product or app, but as you've probably noticed, this episode is missing a sponsor. Blake and I could really use your help. If you know an amazing product or service that is looking to get in front of forward-thinking accountants and bookkeepers like yourself, please send them our way by emailing David@cloudaccountingpodcast.com. Make sure they tell us that you referred them, and I'll be sure to send out a nice Cloud Accounting Podcast Fan Package to you and your firm. Be sure to tell them to hurry. There are only 10 slots still remaining for 2020. Now, back to the show.
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