ASC 606 is wreaking rev rec in biotech. Here's how one tech-savvy accountant aims to fix it.

FromThe Accounting Podcast

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ASC 606 is wreaking rev rec in biotech. Here's how one tech-savvy accountant aims to fix it.

FromThe Accounting Podcast

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Length:

20 minutes

Released:

Oct 1, 2018

Format:

Podcast episode

Description

Learn more about intheBlk software at http://www.intheblksoftware.com. Subscribe:
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Released:

Oct 1, 2018

Format:

Podcast episode

Titles in the series (100)

The Cloud Accounting Podcast is the #1 accounting and bookkeeping podcast in the world! Join Blake Oliver and David Leary at the intersection of accounting and technology for a weekly news roundup, plus interviews with industry leaders.

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What accountants should learn from the Deloitte Hack: Welcome to the first episode of Cloud Accounting Weekly, the Podcast Edition! Phil Gross joins the podcast to discuss top stories in accounting technology from the past few weeks. Topics in this episode: The hack of Deloitte's email server, the debate ove by The Accounting Podcast
27 min listen
Online sales tax SCOTUS ruling ramifications for accountants & business owners: Mike Fleming, CEO of Sales Tax and More, joins Blake & David on the podcast to discuss in detail the ramifications of the U.S. Supreme Court decision allowing states to collect sales taxes from online sellers who have no physical presence in the state. Qu by The Accounting Podcast
24 min listen
KPMG teams up with Microsoft to sell ERP software & PayPal buys iZettle: Blake is skeptical about KPMG Australia's move to get into the ERP developer game with Microsoft, and David shares PayPal's acquisition of iZettle and what that means for point of sale options for small businesses. by The Accounting Podcast
18 min listen
Are CPAs "insecure overachievers," tax reform accelerates automation, and the War on Excel: In this episode, I'm joined by Mike Whitmire, co-founder and CEO of FloQast (http://www.floqast.com). We discuss whether or not big firm CPAs are "insecure overachievers," how tax reform is accelerating the shift to automation in manufacturing, Sage's pla by The Accounting Podcast
19 min listen
Blockchain, AI, and why you need to move to the cloud, now!: In this episode, I'm joined by Will Lopez, Founder and CEO of Advisorfi. We discuss the potential impact of blockchain and artificial intelligence on the accounting profession, new features announced at QuickBooks Connect, and how 9/11 resulted in the beg by The Accounting Podcast
27 min listen
Making innovation organic to our firms with The Radical CPA: In this episode of the Cloud Accounting Podcast, I'm joined by Jody Padar, CEO and Principal of the New Vision CPA Group, a public accounting firm based in the Chicago area. Jody is the author of "The Radical CPA," and has just published a follow-up calle by The Accounting Podcast
25 min listen
Time bandits, Slack actions, Intuit grows, and more: David shares how time tracking software has entered the world of "wage theft" lawsuits, Blake is impressed by Slack's new and improved third-party integrations, then we discuss the crazy fast growth of QuickBooks Online, the dismal trust Millennials place by The Accounting Podcast
20 min listen
Ed Kless on thriving as a business iconoclast, his Libertarian politics, and the lie of timesheets: Ed Kless joins the podcast to talk about how he's managed to thrive as a "business iconoclast" in a corporate environment, why he is a Libertarian, why timesheets are a total scam, and how his musical theater background has helped him succeed both on and by The Accounting Podcast
32 min listen
Predictions for 2018, Intuit acquires TSheets, & an API at the IRS: I'm joined by David Leary, Global Small Business Ecosystem Evangelist at Intuit. We discuss the insanity around the latest cryptocurrency (KodakCoin), our predictions for accounting in 2018, Intuit's acquisition of TSheets, the wasteful nature of recurrin by The Accounting Podcast
28 min listen
Big Four blockchain, AI, and RPA: Dr. Sean Stein Smith, DBA and CPA, joins the Cloud Accounting Podcast to discuss five of the top accounting articles from the past few weeks, including stories about PwC, blockchain, KPMG's partnership with Watson, EY's use of RPA to automate internally a by The Accounting Podcast
26 min listen
The Net Worth Episode: Warren Buffet's GAAP Troubles & Building Wealth by Owning a Business: It's the second episode of the podcast 2.0 with my new co-host, David Leary! We chat about Warren Buffet's "Accounting Nightmare." New accounting rules changes for 2018 require investments to be reported at fair value, resulting in an unusual net loss by The Accounting Podcast
12 min listen
Cloud accounting survey results, IRS budgets upgrades, & lawyers dropping the billable hour: David reports on IRS plans to spend $291 million on technology upgrades and why some lawyers are dropping the billable hour. Blake shares takeaways from FloQast's 2018 Cloud Accounting Survey and the recent Cloud Accounting Roundtable in Culver City. by The Accounting Podcast
19 min listen
5-hour workday for accountants, American views of automation, & Bitcoin taxes: I'm joined by Amanda Aguillard, David Emmerman, Ryan Watson, and Jay Kimelman of Bluewire Strategy Group. We discuss how an accounting firm in Australia successfully moved to a 5-hour workday, a new survey that shows most Americans see automation is comin by The Accounting Podcast
24 min listen
Excel's got a new World Champion and how CAS can cause lots of liability: Blake and David chat about three things this week: 1) A 15-year-old is the new Microsoft Excel world champion, 2) How businesses are failing to help employees keep up-to-date with their digital skills, and 3) the risk of performing Client Accounting Servi by The Accounting Podcast
14 min listen
Workaholism, toxic meetings, and remote work: On Episode 6 of the podcast, I'm joined by Jeff Phillips of Accountingfly, a site for accountants and finance professionals to apply easily to hundreds of great jobs. We discuss the latest cloud accounting news, including: The four drivers of workaholism, by The Accounting Podcast
44 min listen
Intuit sells its data center, Xero selects Gusto for U.S. payroll, & Certify acquires Abacus: The Today Show asks "What is 'The Cloud?'", Intuit sells its data center and plans to move everything to Amazon Web Services, Xero dumps its own U.S. payroll product in favor of a strategic partnership and deep integration with Gusto, and Certify adds Aba by The Accounting Podcast
13 min listen
Ancient IRS Computer Systems, How to Get Hacked as a CPA, & News from SuiteWorld 2018: David Leary joins the podcast for the first time as my new co-host. We discuss the IRS' ancient computer systems that caused the crash on tax day, a case study of a CPA who got hacked by a malicious "keylogger" program, news from Blake's visit to NetSuite by The Accounting Podcast
24 min listen
Gusto raises $140M, Xero acquires Hubdoc, why the IRS should allow taxpayers to use U2F keys, and the open office under attack: The Government Accountability Office (GAO) has recommended the use of phishing-proof FIDO security keys to prevent tax scams. Also this week: payroll and HR provider Gusto raised a $140 million Series C at a $2 billion valuation; cloud accounting software by The Accounting Podcast
21 min listen
Supreme Court sales tax ruling is a windfall for Avalara: Blake and David discuss the implications of Thursday's Supreme Court ruling that states can require out of state retailers to collect taxes on sales to residents, even if those retailers don't have a physical presence in the state. by The Accounting Podcast
19 min listen
Geni Whitehouse on niching for the wine industry & building confidence as a public speaker: Geni Whitehouse shares how her CPA firm carved out a niche serving the wine industry — not just with marketing mumbo jumbo but with a proprietary industry scorecard that created real value for her clients. We discuss what's holding firms back from offe by The Accounting Podcast
23 min listen
Jamie Shulman on Xero acquiring Hubdoc and the generational accounting shift: Jamie Shulman, Co-Founder, Co-CEO at Hubdoc, joins the podcast to talk about Xero's acquisition of Hubdoc, how that came about, what it means for non-Xero users, and what's next for the company. by The Accounting Podcast
14 min listen
Sage Intacct connects and automates the accounting profession: Chris Rose, VP of Business Development at Sage Intacct, joins the podcast to talk about why organizations need to move to the cloud for their ERP, the value of cloud APIs for enabling third party integrations, and the threats and opportunities automation by The Accounting Podcast
16 min listen
ASC 606 is wreaking rev rec in biotech. Here's how one tech-savvy accountant aims to fix it.: Paul Giese is an accounting manager in the biotechnology industry and the founder of intheBlk software, a collection of web-based tools for biotech accountants. Paul joins the podcast to talk about the massive change ASC 606 is having on revenue recogn by The Accounting Podcast
20 min listen
AutoEntry and the importance of document processing granularity: Brendan Woods, Founder and CEO at AutoEntry, joins the podcast to chat about his OCR and document processing solution for accountants and bookkeepers. AutoEntry is headquartered in Dublin, Ireland, and the company's first major market was the UK. This yea by The Accounting Podcast
28 min listen
Two future career paths for accountants, how billable hours drive away Millennials, and more: Levi Morehouse of Ceterus outlines how technology is shaping two future career paths for accountants; Jeff Bezos shares how he structures his day to be most effective; PwC launches a “Digital Accelerators” program to future-proof staff; Garrett Wagner exp by The Accounting Podcast
24 min listen
The new 1040, California does its own GDPR, and better education for accountants: Donny Shimamoto joins the podcast to chat about the IRS's new "postcard sized" 1040 form, the potential consequences of California's new privacy law for businesses, and the Houston CPA Society's efforts to improve education and outreach to accounting stud by The Accounting Podcast
19 min listen
Cloud M&A, get paid to move to Vermont to work remotely, & app updates galore: David shares some exciting news that the firm that bought Blake's cloud bookkeeping startup (HPC) is itself getting acquired — by a Top 100 CPA firm (Aprio). HPC is a 100% online accounting firm. Speaking of remote work, Blake shares news that Vermont by The Accounting Podcast
16 min listen
How mAccounting is turning accounting from a necessary evil to a strategic advantage: Tom Gabbert joins the podcast to talk about the "m" in mAccounting (it stands for "mobile"), why he's looking to hire "people people" (not just number crunchers), his efforts to "turn accounting from a necessary evil to a strategic advantage," the benefit by The Accounting Podcast
13 min listen
Sage Group ousts CEO Stephen Kelly amid faltering cloud transformation: David is back from his well-deserved vacation and ready to discuss with Blake Sage’s sudden move to oust Stephen Kelly as chief executive. Chairman Donald Brydon reportedly said, “We need to get a CEO that has SaaS in their veins.” Kelly joined Sage four by The Accounting Podcast
23 min listen
Matt Paff on how Xero & Intuit are coming for the mid-market and that the future of accounting technology is platforms: Matt Paff joins the podcast to discuss what he means by his article "Hey Mid-Market, Xero and Intuit are coming!" on Digital First. We learn about the vary definitions of the term "mid-market" between the United States and Australia, why mid-market vendor by The Accounting Podcast
35 min listen

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Discover this podcast and so much more

ASC 606 is wreaking rev rec in biotech. Here's how one tech-savvy accountant aims to fix it.

ASC 606 is wreaking rev rec in biotech. Here's how one tech-savvy accountant aims to fix it.

Description

Titles in the series (100)

More Episodes from The Accounting Podcast