View profile

🦃 Giving Thanks for Cloud Accounting

Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers,
Own Your Close
🦃 Giving Thanks for Cloud Accounting
By Blake Oliver • Issue #64 • View online
Cloud Accounting Weekly is now Own Your Close, a newsletter for management accountants, controllers, and providers of outsourced accounting services. For more accounting technology updates, tune in to the Cloud Accounting Podcast.

This Thanksgiving, I’ll be giving thanks for cloud accounting. 
You might think I’m crazy. How could anyone possibly be that thankful for accounting software?
Well, it’s now six years ago that I started playing around with cloud apps. At the time I was freelancing as a part-time bookkeeper.
All I was aiming to do was cut down on the time I was wasting running around town to my various clients.
But these apps ended up creating a much bigger opportunity.
Cloud accounting gave me the opportunity to start my own firm and sell it just three years later. It gave me specialized knowledge that I leveraged into a management position at a large accounting firm.
In five years I went from $25 an hour to $250 an hour!
That’s a 10x improvement— just the sort of result you’d expect from tech that’s truly game-changing.
Now, I understand that I’m an outlier, and not everyone is going to see the same results. But what if you could increase your revenue by 20% without adding any staff? For many firms, that would lead to a doubling of profits. That alone could be life changing for many accountants.
So, that’s why I’m thankful for cloud accounting, and also why I’m excited to see where it takes us in 2018 and beyond.
As always, here’s my curated collection of the best links I clicked on this past week. Also, you can now subscribe to my podcast on iTunes and Google Play.
Top Stories
App Updates
FloQast - Tags
Sales & Marketing
Practice Management
The Classification of Bitcoin and Cryptocurrency by the IRS
Remote Work
Why Do We Still Commute?
The Best Standing Desks
Did you enjoy this issue?
Blake Oliver

"Cloud Accounting Weekly" is now "Own Your Close," a newsletter for industry accountants, controllers, and providers of outsourced accounting services! Subscribe and stay up-to-date with the latest in technology, new regulations, and management tips.

For additional resources for management accountants, visit FloQast (where I work) is close management software built by accountants for accountants to help them close faster and more accurately.

For accounting technology news and podcast episodes, check out my personal website at

If you don't want these updates anymore, please unsubscribe here
If you were forwarded this newsletter and you like it, you can subscribe here
Powered by Revue
14721 Califa St, Los Angeles, CA 91411