The Accounting Podcast By cover art

The Accounting Podcast

By: Blake Oliver & David Leary
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  • Summary

  • 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.
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Episodes
  • Intuit's Shift to AI Failed on Day One

    Intuit's Shift to AI Failed on Day One
    Jul 17 2024
    In light of recent events, Blake and David examine assassination attempts on US presidents, providing historical context. They move on to Intuit's recent layoffs, critiquing the company's communication strategy and exploring potential AI improvements for such announcements, and then shift to the Synapse bankruptcy, its impact on fintech users, and evolving regulatory scrutiny. Finally, Blake and David dig into AICPA CEO Barry Melancon's defense of the 150-hour CPA requirement, questioning its effectiveness and impact on the accounting profession.SponsorsOnPay - http://accountingpodcast.promo/onpayRightRev - http://accountingpodcast.promo/rightrevMakersHub - http://accountingpodcast.promo/makershubLendflow - http://accountingpodcast.promo/lendflowChapters(01:12) - Assassination Attempt on President Trump (02:05) - Historical Context of Presidential Assassinations (06:38) - Intuit Layoffs and AI Transition (11:20) - Analyzing Intuit's Communication Strategy (21:41) - Listener Mail and CPA Exam Tips (27:51) - Intuit's Overtime Wage Issue (30:48) - CPA Licensure Flexibility (32:02) - Ohio's Alternative Pathway to CPA (34:04) - Listener Mailbag: Emma's Dilemma (40:29) - Listener Mailbag: Walda's Insight (45:45) - Synapse Bankruptcy Update (53:05) - Barry Melancon's Retirement and Legacy (01:05:11) - Join the Earmark Community Show NotesIntuit Marketing in the UK pays for commercial/short film of human like talking dogs burying invoices/billshttps://directorslibrary.com/07/2024/latest/campaigns/dogs-intuit-quickbooks/ Bookkeeping Firm Digits Buys Accounting Platform Basis Financehttps://www.pymnts.com/acquisitions/2024/bookkeeping-firm-digits-buys-accounting-platform-basis-finance/Assassination attempts on US presidents: https://www.perplexity.ai/search/how-many-assassination-attempt-nb5YvFGbShm0oSRKqi3UkwSynapse’s collapse has frozen nearly $160M from fintech users — here’s how it happenedhttps://techcrunch.com/2024/07/14/synapses-collapse-has-frozen-nearly-160m-from-fintech-users-heres-how-it-happened/ Evolve Bank & Trust Statement on Synapse Bankruptcyhttps://www.getevolved.com/about/news/evolve-bank-trust-statement-on-synapse-bankruptcy/ Banking With Third-Party Appshttps://www.fdic.gov/resources/consumers/consumer-news/2024-06.html Fintech nightmare: ‘I have nearly $38,000 tied up’ after Synapse bankruptcyhttps://www.cnbc.com/2024/05/22/synapse-bankruptcy-customer-funds.htmlAT Think Ask what you can do for your professionhttps://www.accountingtoday.com/opinion/ask-what-you-can-do-for-the-accounting-professionAccounting Leader Calls for CPA Training to Evolvehttps://news.bloombergtax.com/financial-accounting/accounting-leader-calls-for-cpa-training-to-evolve-podcastNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 8 mins
  • Death, Taxes, and AI

    Death, Taxes, and AI
    Jul 9 2024
    Today, Blake and David explore how artificial intelligence is reshaping accounting, discussing its potential to handle 70% of information-based tasks and impact workflows like data collection, reconciliation, and client services. They criticize the current theoretical approach to accounting education, advocating for more practical, hands-on learning experiences. They also dig into the ongoing 150-hour rule debate, examining recent state board initiatives for alternative CPA pathways and concerns about the accounting talent pipeline. Blake and David tackle the recent Evolve cybersecurity breach and its implications for fintech companies and move on to listener feedback and questions.SponsorsLiveFlow - http://accountingpodcast.promo/liveflow Relay - http://accountingpodcast.promo/relayMakersHub - http://accountingpodcast.promo/makershub Genwise - http://accountingpodcast.promo/genwiseChapters(02:40) - Vacation Plans and Quiet Vacationing (07:45) - Generative AI in Accounting (10:37) - Challenges and Opportunities in AI Adoption (18:38) - CPA Firm Dynamics and Partner Retirement (28:58) - Survey Insights and Alternative Pathways to CPA (33:05) - Arkansaw State Board of Accountancy Pursuing Alternative Pathways to CPA (34:19) - Blake and David Look at the California CPA License Survey (37:29) - Addressing Concerns About CPA Mobility (38:10) - Survey Reflections and Critique (42:38) - Listener Mail: Nebraska's CPA Changes (43:55) - The Practicality of Accounting Education (01:00:38) - Evolve Bank Cyber Attack (01:06:35) - Closing Thoughts and 4th of July Message Show NotesMillennials call it ‘quiet vacationing,’ but it’s really remote work gone wrong—and it’s CEOs’ worst nightmarehttps://fortune.com/2024/05/23/quiet-vacation-millennials-gen-z-harris-poll-remote-work Death, Taxes, and AI: How Generative AI Will Change Accountinghttps://a16z.com/generative-ai-in-accounting/ Tech lag named top risk for accountants in 2024 Intuit QuickBooks surveyhttps://quickbooks.intuit.com/r/news/accountant-tech-survey-results/ Finding Qualified Staff Is the Top Issue Facing Most CPA Firms In 2024https://www.cpapracticeadvisor.com/2024/06/07/finding-qualified-staff-is-the-top-issue-facing-most-cpa-firms-in-2024/106519/ Help! A Partner Wants to Retire Earlyhttps://cpatrendlines.com/2024/04/24/help-a-partner-wants-to-retire-really-early/ Arkansas State Board of Public Accountancy – Proposed Rule Changeshttps://www.labor.arkansas.gov/licensing/state-board-of-public-accountancy/proposed-rule-changes/ California Board of Accountancy https://www.dca.ca.gov/cba/ California Board of Accountancy’s LinkedIn Post on CPA Next Surveyhttps://www.linkedin.com/posts/cbanews_we-want-to-hear-from-you-this-weekend-is-activity-7212584294232285184-25sa CPA Candidates Approved To Sit At 120 Hours Starting 1/1/2025https://nebraska-cpa.thenewslinkgroup.org/cpa-candidates-approved-to-sit-at-120-hours-starting-1-1-2025/ Evolve Hit With Fed Enforcement Action, But Why Did It Take This Long?https://substack.com/home/post/p-145886596 Cybersecurity Incidenthttps://www.getevolved.com/about/news/cybersecurity-incident/ Yieldstreet says some of its customers were affected by the Evolve Bank data breachhttps://techcrunch.com/2024/07/02/yieldstreet-says-some-of-its-customers-were-affected-by-the-evolve-bank-data-breach/Need CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant 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? Let the listeners of The Accounting Podcas...
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    1 hr and 8 mins
  • Pig Butchering & Mouse Jiggling

    Pig Butchering & Mouse Jiggling
    Jul 2 2024
    Blake and David explore the intersection of AI, remote work, and accounting technology. They take a look at the phenomenon of "mouse jiggling," examine various AI tools reshaping the accounting industry, and analyze a survey showing widespread adoption of AI in the workplace. There's also a review of different AI chatbots, highlights on new AI-powered accounting startups, and a brief look at the U.S. government's online passport renewal system. This wide-ranging conversation offers valuable insights into the evolving landscape of work and technology in the digital age.SponsorsLiveFlow - http://accountingpodcast.promo/liveflowRightRev - http://accountingpodcast.promo/rightrevMakers Hub - http://accountingpodcast.promo/makershubGenwise - http://accountingpodcast.promo/genwiseChapters(01:14) - Mouse Jiggling Scandal at Wells Fargo (05:28) - Pig Butchering Scams and Synapse Bankruptcy (09:20) - Return to Office Mandates and Employee Turnover (12:55) - AI Tools in Accounting: Zapier Central Demo (18:18) - Impact of AI on Freelance Jobs (21:49) - Private Equity and Audit Board Acquisition (26:05) - AI Co-Pilot for Accounting Firms: Materia Raises $6.3 Million (30:04) - Technology Maturity and Firm Revenue (36:10) - AI Adoption in the Workplace (38:15) - AI Tools Revolutionizing Financial Reporting (40:42) - The Rise of Chatbots: A Wall Street Journal Analysis (42:08) - Comparing Chatbot Performance Across Different Tasks (51:28) - The Future of AI in Accounting Firms (01:00:57) - Innovations in Government Services (01:03:23) - Wrap-Up and Announcements Show NotesMeet Zapier Central's Chrome extension: Work with your personal AI bots anywherehttps://zapier.com/blog/zapier-central-chrome-extension/The Great AI Challenge: We Test Five Top Bots on Useful, Everyday Skillshttps://www.wsj.com/tech/personal-tech/ai-chatbots-chatgpt-gemini-copilot-perplexity-claude-f9e40d26Numeric secures $10m in Seed funding to revolutionise accounting automationhttps://fintech.global/2024/05/08/numeric-secures-10m-in-seed-funding-to-revolutionise-accounting-automation/Finaloop secures $35 Million in Series Ahttps://www.finextra.com/pressarticle/101198/finaloop-secures-35-million-in-series-aJune 2024 Update: Beta Release of an Online Passport Renewal Systemhttps://travel.state.gov/content/travel/en/passports/have-passport/renew-online.htmlCalifornia Board of Accountancy CPANext Surveyhttps://www.linkedin.com/posts/cbanews_we-want-to-hear-from-you-this-weekend-is-activity-7212584294232285184-25saNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/OvercastWant 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? Let the listeners of The Accounting Podcast know by running a classified ad. Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAdTranscriptsThe full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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    1 hr and 8 mins
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The Must-Listen-To Podcast 4 Accountants

Love listening to David Leary and Blake Oliver's podcast. Super relevant and always interesting. Having their fingers on the pulse of the accounting industry, they bring current accounting news to listeners in a great format and engaging conversation. Happy to see them on Audible!

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