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FloQast and Hubdoc Raise Millions đź’°

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I was pleased to read that two apps in my cloud accounting tool box raised VC money this past week: F
 
June 26 · Issue #47 · View online
Cloud Accounting Weekly
I was pleased to read that two apps in my cloud accounting tool box raised VC money this past week: FloQast ($25 million) and Hubdoc (for $5 million). Investors are betting on the success of cloud accounting, and that’s good news for users!
If you’re a controller or do that sort of work on an outsourced basis, you need to look at FloQast. 
What’s so great about it? In short, FloQast brings order to the chaos of the monthly close. For more, read my article, FloQast & The Mid-Market Cloud Accounting Ecosystem.
If you have trouble collecting documents from clients (who doesn’t?), check out Hubdoc. 
Hubdoc automatically fetches PDFs of bank statements, check images, invoices, and more. Additionally, your clients can securely upload receipts and all sorts of documents by taking pictures on their mobile phones. Then you can choose to sync those documents into Xero or QuickBooks Online as transactions.
But wait, there’s more! 
News broke that K1 Investment Management will spend $125 million to create the largest independent company in expense management software, combining Certify, Nexonia, ExpenseWatch, and Tallie. 
How that will work, I have no idea. I’d love to hear your thoughts.
As usual, here are the top links I clicked on this past week.

Industry News
President Trump Wants to Move Government to the Cloud
Future of the Profession
The next generation of jobs won’t be made up of professions
Sales & Marketing
Why Do Business Owners Leave Their Accountants?
Practice Management
Goodbye Casual Friday: Almost Every Day Is Becoming Casual
Automation
Cloud accounting software not expected to replace CPAs
Remote Work
Wordpress parent Automattic is closing its San Francisco office because its remote workers never show up
Sales Tax
How to Register for a Sales Tax Permit in Every State
Payroll
Independent Contractor vs. Employee: What's the Difference?
FinTech
Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.
Tips & Tricks
QBOA Team Permissions Breakdown
App News
Investor Rolls Up Four Expense Management Software Firms
FloQast Raises $25 Million
Hubdoc Raises US$4.85M
App Updates
Avalara Certifies 22 Partner Integrations to Automate Tax Calculations and Management
Deputy introduces Pay by Area
Expensify and FinancialForce expand software integration
Gusto — Upload your employees' hours and earnings to payroll
Intacct — Expensify and Bill.com revamp their integration
QuickBooks Online — June 2017 Features & Improvements
Shoeboxed Launches New Expense System Fetch
Wagepoint — Now Integrated With TSheets
This issue was lovingly crafted by Blake Oliver and Phil Gross. Thanks for reading, and have a great week!
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