The Accounting Podcast

Does the accounting profession have an image problem on TikTok? We'll talk about what it really means to be an accountant on TikTok. We'll also dive into the latest on the PPP, and how increased fraud protection, and some technical glitches are slowing down round two, and we'll look at the impacts of the Fed's recent ACH outage. We're talking more about diversity in accounting, and taking another look at crypto (since our recent update episode). In app news, rebranding continues, as Receipt Bank becomes Dext, and ADP "rolls" out a new payroll app, which appears to compete with Gusto, and we'll run down the latest updates for QuickBooks, Xero, and FreshBooks. Grab a beverage, and enjoy!

Show Notes

Sponsors

Rewind: https://cloudaccountingpodcast.promo/rewind
BooksTime: https://cloudaccountingpodcast.promo/bookstime
Odoo: https://cloudaccountingpodcast.promo/odoo

Show Notes

02:30 – Blake’s take on craptastic TikTok tax advice
https://www.cloudaccountingpodcast.com/213
 
03:08 - How the word 'accountant' became synonymous with sex workers, strippers, and OnlyFans creators on TikTok
https://www.insider.com/what-is-a-tiktok-accountant-meaning-meme-2021-2
 
04:38 – Rocky Paterra – I’m an Accountant 
https://www.youtube.com/watch?v=yNLNHzjeSd8
 
09:58 - TransferWise Rebrands To Wise 
https://www.pymnts.com/news/cross-border-commerce/cross-border-payments/2021/transferwise-rebrands-to-wise/
 
10:25 - Receipt Bank is Now Dext
https://www.accountingweb.com/technology/accounting-software-news/receipt-bank-is-now-dext
 
11:07 - Welcome to Dext - Dext
https://dext.com/us/blog/welcome-to-dext
 
Dext Product FAQs – Dext 
https://help.receipt-bank.com/hc/en-us/articles/360017865657-Dext-Product-FAQs
 
14:47 - White House will give small firms two-week exclusive PPP access
https://www.accountingtoday.com/articles/white-house-will-give-small-firms-two-week-exclusive-ppp-access
 
16:07 - Fraud Checks and Errors Slow Small-Business Relief Loans
https://www.nytimes.com/2021/02/22/business/paycheck-protection-program-small-business-coronavirus.html?referringSource=articleShare
 
17:58 - Which States Are Taxing Forgiven PPP Loans?
https://taxfoundation.org/state-tax-forgiven-ppp-loans/
 
20:42 - Federal Reserve Financial-Services Systems Disrupted for Hourhttps://www.wsj.com/articles/federal-reserve-reports-several-business-lines-disrupted-by-operational-error-11614194912

Rare Outage Takes Fed Payment Systems Offline
https://www.cfo.com/credit/2021/02/rare-outage-takes-fed-payment-systems-offline/
  
21:30 - Yellen sounds warning about 'extremely inefficient' bitcoin
https://www.cnbc.com/2021/02/22/yellen-sounds-warning-about-extremely-inefficient-bitcoin.html
 
21:59 – CAP Crypto Update episode 
https://www.cloudaccountingpodcast.com/bonus214
 
23:33 - Bitcoin’s Value Is All in the Eye of the ‘Bithodler’
https://www.wsj.com/articles/bitcoins-value-is-all-in-the-eye-of-the-bithodler-11613826002
 
25:03 - Companies investing in crypto may be in for a rude accounting surprise https://www.accountingtoday.com/news/companies-investing-in-crypto-may-be-in-for-a-rude-accounting-surprise
 
27:53 - Intuit's Q2 revenue declines due to later tax season 
https://www.zdnet.com/article/intuits-q2-revenue-declines-due-to-later-tax-season/
 
28:21 - Square Doubles Down On Bitcoin; Posts Solid Q4https://www.pymnts.com/earnings/2021/square-doubles-down-on-bitcoin-generates-1-7-billion-in-crypto-revenue/
 
29:06 - More than half of Square’s revenue now comes from bitcoin tradinghttps://www.paymentssource.com/news/more-than-half-of-squares-revenue-now-comes-from-bitcoin-trading
 
33:03 - What’s new in QuickBooks Online – February 2021
https://quickbooks.intuit.com/blog/whats-new/whats-new-in-quickbooks-online-february-2021/
 
35:26 - Help grow your small business with Venmo: Business profiles are officially available for all sellers 
http://blog.venmo.com/hf2t3h4x98p5e13z82pl8j66ngcmry/2021/2/24/help-grow-your-small-business-with-venmo-business-profiles-are-officially-available-for-all-sellers
 
38:02 - Latest product news – March 2021
https://www.xero.com/blog/2021/03/latest-product-news-march-2021/
 
40:12 - New & Improved in FreshBooks: Accounts Payable Aging Report, Credits, and More
https://www.freshbooks.com/blog/product-updates-february-2021
 
41:35 - ADP Launches 'Roll™ by ADP®' Mobile App, a Completely Reimagined Way for Small Businesses to Do Payroll
https://www.prnewswire.com/news-releases/adp-launches-roll-by-adp-mobile-app-a-completely-reimagined-way-for-small-businesses-to-do-payroll-301235154.html
 
45:35 - Affirm Launching Buy Now, Pay Later Debit Card
https://www.pymnts.com/buy-now-pay-later/2021/affirm-launching-buy-now-pay-later-debit-card/
 
47:49 – We’ve got VOICEMAIL! Thank you, Alita! 
 
49:33 - ICYMI | When Will We Be Able to Breathe in Accounting? 
https://www.cpajournal.com/2021/02/18/when-will-we-be-able-to-breathe-in-accounting-2/
 
“The Official Venmo Blog”
‘Counting Black and White Beans': Critical Race Theory in Accounting: Anton Lewis: 9781789734065: Amazon.com: Books
https://www.amazon.com/counting-Black-White-Beans-Accounting/dp/1789734061
 
54:08 - Walmart’s Bid to Go From Supercenter to Super App
https://www.pymnts.com/news/retail/2021/walmarts-bid-to-go-from-supercenter-to-super-app/
 
54: 51 - How Music’s Business Managers Are Tracking Revenue -- And Getting Their Artists Bi-Weekly Paychecks
https://www.billboard.com/articles/business/9529831/hifi-financial-royalties-business-managers-artists-accounting/
 
56:23 - Domino’s Casts Doubt On Future Of Aggregatorshttps://www.pymnts.com/news/retail/2021/dominos-casts-doubt-on-future-of-aggregators/


Get in Touch

Thanks 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) 695-1040

Need Accounting Conference Info? 

Check out our new website - accountingconferences.com

Limited edition shirts, stickers, and other necessities

TeePublic Store: http://cloudacctpod.link/merch

Subscribe

Classifieds

UnCat - https://www.uncat.com/
ClientHub - https://clienthub.app/

Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd  

Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the show notes for the link to get more info.

Full Transcript Available Upon Request - info@cloudaccountingpodcast.com

Creators & Guests

Host
Blake Oliver
Founder and CEO of Earmark CPE
Host
David Leary
President and Founder, Sombrero Apps Company

What is The Accounting Podcast?

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at https://earmarkcpe.com.