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A federal credit union told the Justice Department that 59 out of 60 SBA deposits it received appeared to be fraudulent. David Leary: [00:20:22] Because it's Intuit's account, you connect your merchant service to it; do instant deposits. You can get instant deposits to that account free of charge.
When you go to them, you do have to have some records. [00:31:02] Basically, if you've been using accountingsoftware, and you have your payroll in it, you'll have some records. Want to get the word out about your newsletter, webinar party, Facebook group, podcast, or that fancy Excel macro you just created?
Even when I was at Intuit, we were building an open ecosystem- Blake Oliver: [00:09:22] Right. David Leary: [00:09:22] -to where apps starting to be purchased or functionality is being built into the accountingsoftware. Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad?
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It Felt Like a Black Mirror Episode' The Inside Account of How Bird Laid off 406 People in Two Minutes via a Zoom Webinar" [link] - dot.LA What will another $250 billion that you and I are gonna have to pay back, someday, David, what is that gonna get us? __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite.
At least 1,020 duplicate deposits were issued for PPP. You wonder if they're ever gonna get that back, in a lot of cases. David Leary: [00:38:36] Bank A has no idea that you got money deposited in your bank account from Bank B. So, there's a lot more value for accounting firms. David Leary: [00:37:45] Well, good thing.
A2X posts tidy summaries of sales, returns, and fees from Shopify and Amazon directly into QuickBooks, or Xero that will exactly match the deposits that appear in your bank account. A2X has won the support of Amazon, Intuit, and has hundreds of five-star reviews by accountants and bookkeepers in both the QuickBooks and Xero app stores.
I wanna talk about neobanks, because Wave launched a bank; Wave accountingsoftware. Accounting apps are becoming banks; banks are becoming accounting apps. In the accountingsoftware package, it was free with a Google AdWords kind of running on the side in the margin. billion in deposits in the Cash App?
Regardless of the stimulus, his company could have probably weathered the storm, he thinks, possibly. __ This episode of The Cloud Accounting Podcast is sponsored by AccountingSuite. AccountingSuite is cloud accountingsoftware that acts like a customizable ERP system. If you scroll down, there's a graph about the. Just the IRS.
Essentially, Bank of Montreal - BMO - they are announcing that Intuit's QuickBooks accountingsoftware may now access financial data provided by Bank of Montreal customers via a new API. I got a deposit from the IRS in my bank account for $32.12, and I thought, oh, no, is this my stimulus payment? I was very confused.
I mean, that, to me, is the future of banking - the way it should work with accountingsoftware; rather than having to rekey stuff or rather than having the document go into the bill-pay solution and then, sync into the accounting system. They're now partnering with Clear Books, which is an accountingsoftware package in Europe.
People have been doing this for years, but you're right, why doesn't the accountingsoftware just provide it? It's accountingsoftware, AI-powered accountingsoftware. They know they need accountingsoftware, so you're starting to see. We are a remote-based firm, cloud accounting; 99.9%
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