Remove 2014 Remove Customer Service Remove Deposits
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ScaleFactor Fails to Scale, Blames COVID-19

Cloud Accounting Podcast

If you've ever tried to get your clients' Stripe, Square, or PayPal transactions into QuickBooks or Xero, you've probably pulled your hair out a few times trying to get income and fees recorded correctly so that the deposit amounts match the bank statement so you can reconcile. They were launched in 2014.

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PPP Round 2 May Be Over Before It Even Started

Cloud Accounting Podcast

But then it turns out the tens of millions of people used tax-filing services, like TurboTax, like H&R Block, like all those services that used intermediary banks to process their refunds. Yes, they sent out $155 billion, but there are still $36 billion that they haven't mailed yet or deposited that they're just sitting on.