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More than invoice automation software, Rossum harnesses the power of AI, machine learning, and computer vision to show its users the future possibilities of the AP function. With special user training materials, webinars, and detailed documentation, Rossum is an invoicing processing software that makes change management easier than ever.
Blake Oliver: [00:21:59] So, all this real-time deposits thing is getting bigger and bigger because we were just talking about this last episode. Right now, it looks like it's just a couple Xero leaders that are gonna do some sort of speech or keynote/webinar type thing. It's gonna happen this September 14-17.
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. You go back in time to desktop computers, and desktop software.
They have 60 million direct deposits they can do. David Leary: [00:30:11] They invited a bunch of employees, apparently, into a Zoom webinar. They realized quick- the employees started realizing, wait a minute, the people that are invited to the webinar versus not invited to the webinar are people. Until next week.
I am going to have to upgrade my computer, though, because my laptop, which doesn't have a graphics card, is kind of struggling. It works, but I really would like a smoother experience, and now I get to justify buying a new computer. You can get instant deposits to that account free of charge. They have a cashflow planner.
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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. I run a Hangout and my computer is sweating when I'm on that Zoom.
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. Now, with people working at home, it's even more extreme, right?
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. We've also got Batch-Create Bank Deposits. Now, you can reduce the time spent entering multiple individual bank deposits.
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. Mind you, this is the person who runs the IRS computer systems that are how old now? Blake Oliver: [00:09:41] They date back to the Kennedy administration.
What he did, is he- somewhere along the line, he crossed the line, and he rerouted payroll direct deposit money that was supposed to go into employees' bank accounts, and the money to pay taxes. David Leary: [00:25:01] I mean, the trouble here is you have to have the cash to deposit in people's accounts. That's what I'm not following.
Direct deposit volumes are surging three times, up to 14 million customers. Not only that, I would be able to compromise better computers because it would be business computers instead of personal computers, probably. As far as I know, it's impossible for a macro in Google sheets to infect your computer.
The company that moved the money around, Cache Financial Services, they're the ones that would deposit the money in your bank account. You either take out an old keyboard, plug it in your computer- you can buy an external 10-key pad. This was a domino effect. They provided that service for payroll companies.
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