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BFTCPA>Bftcpa: Created page with "== Episode ATL220: Small Business Accounting Innovations – 1H 2025 == '''Recording Date:''' July 21, 2025 '''Duration:''' 26:09 '''Hosts:''' Randy Johnston and Brian F. Tankersley, CPA.CITP, CGMA '''Series:''' Accounting Technology Lab Podcast '''Source:''' CPA Practice Advisor === Summary === In this episode, Randy Johnston and Brian Tankersley examine the rapid evolution of '''small business accounting systems''' and the new wave of AI-driven competito..."

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Created page with "== Episode ATL220: Small Business Accounting Innovations – 1H 2025 == '''Recording Date:''' July 21, 2025 '''Duration:''' 26:09 '''Hosts:''' Randy Johnston and Brian F. Tankersley, CPA.CITP, CGMA '''Series:''' Accounting Technology Lab Podcast '''Source:''' CPA Practice Advisor === Summary === In this episode, Randy Johnston and Brian Tankersley examine the rapid evolution of '''small business accounting systems''' and the new wave of AI-driven competito..."

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== Episode ATL220: Small Business Accounting Innovations – 1H 2025 ==
'''Recording Date:''' July 21, 2025

'''Duration:''' 26:09

'''Hosts:''' Randy Johnston and Brian F. Tankersley, CPA.CITP, CGMA

'''Series:''' Accounting Technology Lab Podcast

'''Source:''' CPA Practice Advisor

=== Summary ===
In this episode, Randy Johnston and Brian Tankersley examine the rapid evolution of '''small business accounting systems''' and the new wave of AI-driven competitors entering the market in 2025. They discuss the implications of '''Intuit’s June 2025 AI announcements'''—including QuickBooks Online’s inability to opt out of AI—and explore alternative platforms for client accounting services (CAS).
The conversation highlights emerging tools such as '''Digits AI, Basis AI, Puzzle.io,''' and '''Light by Atomic.Co''', along with established players like '''Zoho Books, Xero, FreshBooks, and IRIS Accounting Power'''. They explain how AI classification, automation, and workflow tools are redefining CAS efficiency. Johnston and Tankersley emphasize that firms should test at least one next-generation platform to stay ahead, as automation, analytics, and integrated advisory tools become the new standard in accounting technology.

=== Key Quotes ===
* “QuickBooks users can’t opt out of AI anymore — that’s giving practitioners pause.” — '''Randy Johnston''' (00:15)
* “Digits has evolved from a reporting tool into a full AI accounting platform.” — '''Randy Johnston''' (05:08)
* “When Craig Walker from Xero joins your team, that gives your product instant credibility.” — '''Brian F. Tankersley''' (06:36)
* “Basis AI is designed to optimize CAS processing — it’s far beyond rapid close.” — '''Randy Johnston''' (08:52)
* “Zoho Books is a serious player now — complete finance suite, payroll, analytics, and integration.” — '''Brian F. Tankersley''' (11:43)
* “Automation and AI will drive more advisory work, if you’re ready to take it.” — '''Randy Johnston''' (19:36)
* “If you haven’t changed software since Y2K, it’s time to look around.” — '''Brian F. Tankersley''' (24:47)

=== Companies, Products, and Services Mentioned ===
{| class="wikitable"
! Company / Product !! Description !! X (Twitter) !! Facebook !! LinkedIn !! Instagram
|-
| '''Digits AI''' || AI-driven accounting platform automating classification, reporting, and reconciliation || [https://x.com/DigitsAI @DigitsAI] || [https://facebook.com/DigitsAI Digits AI] || [https://linkedin.com/company/digits-ai Digits AI] || N/A
|-
| '''Basis AI''' || AI platform optimizing CAS transaction processing and reporting || N/A || N/A || [https://linkedin.com/company/basis-ai Basis AI] || N/A
|-
| '''Puzzle.io''' || Cloud accounting system designed for AI-assisted bookkeeping || [https://x.com/Puzzle_io @Puzzle_io] || N/A || [https://linkedin.com/company/puzzle-io Puzzle.io] || N/A
|-
| '''Light by Atomic.Co''' || Lightweight, AI-first accounting platform for startups || N/A || N/A || [https://linkedin.com/company/atomic-co Atomic Co.] || N/A
|-
| '''Zoho Books''' || Full-featured accounting system within the Zoho One suite || [https://x.com/ZohoBooks @ZohoBooks] || [https://facebook.com/ZohoBooks Zoho Books] || [https://linkedin.com/showcase/zoho-books Zoho Books] || [https://instagram.com/zohobooks @zohobooks]
|-
| '''Xero''' || Cloud accounting software for small businesses || [https://x.com/Xero @Xero] || [https://facebook.com/XeroAccounting Xero] || [https://linkedin.com/company/xero Xero] || [https://instagram.com/xero @xero]
|-
| '''SoftLedger''' || Multi-entity accounting and finance platform || [https://x.com/SoftLedger @SoftLedger] || N/A || [https://linkedin.com/company/softledger SoftLedger] || N/A
|-
| '''DualEntry''' || Multi-company and consolidated accounting platform || N/A || N/A || [https://linkedin.com/company/dualentry DualEntry] || N/A
|-
| '''For Impact Data''' || AI-powered analytics platform surfacing advisory opportunities || N/A || N/A || [https://linkedin.com/company/for-impact-data For Impact Data] || N/A
|-
| '''AuditSite''' || AI-based audit automation and management platform || [https://x.com/AuditSiteHQ @AuditSiteHQ] || N/A || [https://linkedin.com/company/auditsite AuditSite] || N/A
|-
| '''Crunchify (formerly LeaseCrunch)''' || Developer of AI-powered advisory tools and management modules || N/A || N/A || [https://linkedin.com/company/crunchify Crunchify] || N/A
|-
| '''CPA Practice Advisor''' || Publisher of the Accounting Technology Lab Podcast || [https://x.com/CPAPracticeAdv @CPAPracticeAdv] || [https://facebook.com/cpapracticeadvisor CPA Practice Advisor] || [https://linkedin.com/company/cpa-practice-advisor CPA Practice Advisor] || [https://instagram.com/cpapracticeadvisor @cpapracticeadvisor]
|}

=== See Also ===
* [[Episode_ATL221:_AI_Regulation_Update_–_August_2025]]
* [[Episode_ATL222:_Ricoh_ScanSnap_iX2500_Review]]
* [[Episode_ATL223:_Blue_J_AI_and_the_Future_of_Tax_Research]]
* [[Episode_ATL224:_Agentic_AI_Update_–_Summer_2025]]
* [[Episode_ATL225:_Zoho_SMZ_and_Balance_Conferences_Recap]]
* [[Episode_ATL226:_Audit_Automation]]
* [[Episode_ATL227:_AICPA_Blockchain_Symposium_2025]]
* [[Accounting_Technology_Lab_Podcast_Index]]

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