Wrong Metrics, Wrong Conclusions

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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Show Notes

00:52 – 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              
 
15:33 – The AICPA's Melancon: ‘The profession that constantly reinvents itself’ | Accounting Today
 
19:35 – Accounting 4.0: Don’t become Blockbuster Video
 
22:45 – Are You Under-Pricing Your Client Accounting Services? - CPA Trendlines
 
29:49 – Voices Art of Accounting: Timesheet dispute redux | Accounting Today
 
30:35 – A Timesheet Debate & Why Work Takes So Long
 
33:05 – Blake’s Timesheet Use Case
 
35:35 – What Is a “Reasonable” Number of Work Hours? - CPA Trendlines
 
38:39 – New QuickBooks research reveals the impact of late payments on mid-sized businesses
 
44:08 – Majority of Mid-Sized Businesses Outgrow Technology or Overpay for Unused Features
 
46:00 – Here’s How You Zoomed Over the Past Year - Zoom Blog
 
51:07 – H&R Block names Xero a preferred solution provider
 
51:22 – Twitter comment from Zachary Owen, re: H&R Block
 
52:37 – Canopy raises $35M in latest funding round | Accounting Today
 
Canopy’s Accounting Practice Revolution Receives $35M Injection
 
53:51 – Intuit QuickBooks Canada and Dataswitcher join forces to automate conversion to a cloud-based accounting solution
 
54:22 – Oracle Gains After Sales Top Estimates on Cloud Performance
 
54:48 – FreshBooks, Sensibill Bolster Small Business Expense Management
 
54:58 – Kabbage® from American Express Launches Kabbage Funding™ to Help Simplify Funding for U.S. Small Businesses
 
55:35 – CPA funding portal expands with loan-financing option for small biz clients | Accounting Today
 
57:29 – Facebook Message from Cathy Volk – Thank you!
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