Cloud Accounting عمومي
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Talking about small business accounting , accounting apps, business management, profits, HST, personal and corporate tax, advantages and disadvantages. The how of business so you can run your business faster, smarter, better and with more profits. Working on your business, not in your your business. What is your major challenge in running your business? let me know and I can provide you my suggestion. moe@numetricacity.ca Check out our website at https://www.numetricacity.ca
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*THE* podcast for accounting technology enthusiasts. Dive into the world of Accounting Apps with Heather Smith, a Chartered Accountant with a flair for storytelling and the engaging host of the Accounting Apps Podcast. Heather is obsessed with how effective automation and integration can produce timely clean data, to surface information for brave, fast data-informed decision making. Better data, better decisions, better business. She explores this topic with her guests, uncovering insights t ...
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Tyler Caskey, Partner at The Bean Counters joins me in this episode. Here are five interesting insights we talk about in the show: 1. Live Banking and Direct Digital Receipting: Tools like Weel and Airwallex enable real-time banking transactions, while solutions like Slyp and Tyro streamline payment processes by sending receipt details directly to …
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Startups face numerous challenges, particularly in the realm of accounting. Accounting lays the groundwork for all other business operations and can be complex, but mastering it is crucial for success. Here's a condensed guide on how startups can manage their accounting needs: **1. Importance of Accounting** - Accounting is vital for understanding …
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Today I’m speaking with Cassandra Scott, Director of Laurus Bookkeeping In this episode, we talk about . . . - Delve into how Xbert leverages AI to scrutinise client accounting data, spotlighting over 80 potential anomalies and risks. - Discover the power of automating routine tasks such as payroll, BAS, and bookkeeping with standardised workflows.…
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Converting Your Personal Residence into an Income-Generating Property: A Step-by-Step Guide with Subsection 45(2) of the Income Tax Act (ITA) Converting your personal residence into an income-generating property can be a strategic move for financial stability or for maximizing the value of your assets. However, this transition comes with significan…
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Today I’m speaking with Jonathan Gaunt, co-founder of of Socket Digital, Xavier Analytics & FD Works In this episode, we talk about . . . Jonathan's transition from corporate accounting to entrepreneurship, embracing new opportunities and control over his career. Insights from working with Dragon's Den investor Richard Farleigh, focusing on solutio…
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Profit First is a financial management system designed to help business owners, including dentists, prioritize profit by making it a priority and not an afterthought in their operations. In contrast to traditional accounting where profit is typically calculated after expenses, Profit First suggests setting aside profit first and then managing expen…
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Cash flow management is crucial for small business success. Tips include: Optimize cash flow by setting up interest-bearing accounts for your business. Utilize accounting software to track your cash flow and make informed decisions. Stagger bill payments to avoid depleting your cash reserves and maximize interest earned. Avoid customer payment dela…
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Business transformation encompasses a range of objectives, from boosting efficiency and profitability to enhancing financial management and team productivity. It's about envisioning a more successful and effective business model, one that potentially saves money and optimizes costs. Creating a system to grow and manage your business is key to reali…
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Cash flow management is an essential aspect of business that often requires a well-thought-out strategy to ensure a company remains in the black, rather than incurring debts that could lead to its downfall. Businesses can fail when they overlook this concept, with 80% of such cases being attributed to this oversight. It's crucial that sales exceed …
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Cloud accounting software works exactly just like the traditional accounting software, only the cloud accounting software just like QuickBooks online is hosted on remote servers of QBO Transaction data is sent into “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s deskto…
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How is Business, Really How is The Business? Maybe it was an idea that struck you out ofnowhere, or perhaps your small business’ inspiration was an idea and plan thatwas years in the making. Whichever it was, your small business is your baby,and running it successfully is something that is of paramount importance toyou. With that being said, there …
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Running a small business is no easy feat byany means. It requires daily effort, vision, and drive, among many otherthings. But one area where the mastery of small business finds most ownerscaught between a rock and a hard place is in the financial management of theiroperations. This area can affect every other facet of their business and makeany no…
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Accounting industry has benefited so much from the technologyboom. Accounting and running a small business now adays have improvedexponentially. It wasn’t long ago that some colleges and university weretalking about “general Ledgers” “Books” and so on. Basically, accounting hadn’tchanged in a long time. Now, I am pleasantlysurprised when I see new …
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Journey from Inception to Success It is extremely important for start-ups, entrepreneurs andeven business pros to keep track of their business expenses. These expenseswill reduce your taxes when it comes to file your personal tax returns (t1) orcorporate tax returns *T2). When taxseason starts the deductions will help and forms your strategic plans…
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In this episode, Tom Herbert, technology editor at Accounting Web, shares his insights on the British Post Office scandal, which has been ongoing for decades, ruining the lives of many subpostmasters. Heather and Tom discussed the problems with the Post Office's Fujitsu Horizon point of sale system implementation, leading to unbalanced reconciliati…
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5 deciding features in selecting a professional to prepare your personal taxreturn (T1) Considerthese factors when you are looking for a tax professional, please get aprofessional to help you if your taxes are complicated. 1. Education and training There are different levels of professionals who prepare taxreturns. Some are CPAs meaning they are un…
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As a dentist running your own practice inCanada, tax planning is an important part of managing your finances. Yourchoices about business structure, deductions, income smoothing, and retirementsavings accounts can significantly impact how much you pay in taxes each year. An optimized tax strategy can lead tosubstantial savings over your career. Befo…
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Forget dividends, it is a trap! John is a lawyer and asked me to review his financialstatements. While I was reviewing the income statements, I noticed that thetotal salary for the 12-month period was 45K. I looked in more detail on his corporation QuickBooksOnline (QBO) file and notice his salary was at 22K. I looked at John and said, you made les…
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Today I’m speaking with Tyler Caskey, Partner at The Bean Counters In this episode, we talk about . . . Accounting industry trends in 2024 Crafting accounting stories for clients, marketing and career coaching. AI, Automation & ChatGPT in accounting. Remote work trends and virtual teams in the accounting industry. Pay raises, career progression, an…
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The biggest kept secret in the Australian accounting industry: The acquisition of Change GPS by Access Group. This episode is kindly sponsored by Employment Hero: The All in One HR, Payroll & Benefits Platform https://employmenthero.com/ Translucent The Multi-Entity Accounting solution https://www.translucent.io/ In this episode - David Boyar refle…
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The big news is I'm rebranding the Cloud Stories podcast to the Accounting Apps podcast (fingers crossed) In this episode, I talk about . . . Summer adventures with family and Chester the Border Collie in Elanora and Crows Nest Catching up on admin backlog and office makeover Website update with recent photos and videos Rebranding Cloud Stories pod…
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2023 has been a brilliant technicolour year for me, and I’m delighted to end it on yet another high, hitting 20 000 podcast episode downloads during the year. As an accountant I do like a nice round number. Thank you to the many listeners, especially those who hit the subscribe button. Thank you to the many guests who graciously share their time wi…
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Heather Smith delves into the transformative role of ChatGPT in the accounting sector. The discussion begins with an early adopter's perspective, highlighting the initial challenges and the evolving capabilities of ChatGPT. She explores its practical applications in tasks like email drafting and webinar planning, emphasising its ability to add crea…
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Michael Wood truly lives and breathes the title entrepreneur. Currently he’s Founder & CEO of Translucent. His LinkedIn profile reveals he’s also the founder of 4 other companies. The company that you’re likely to know him from is Receipt Bank. Michael was the original co-founder and was there till April 2021, when it was acquired by private equity…
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I had a brilliant time at the Expo. I delivered four sessions on Apps, Ai, ChatGPT & Habits and honestly was shocked at how packed they all were. Expos give me an efficient opportunity to catch up with Sydney friends and, as it was not purely an accounting conference, but also a business conference, there were colleagues from different industries. …
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Xero co-founder Philip Fierlinger shares the story behind building one of the world's most successful accounting platforms, Xero He discusses his early inspiration from car dashboards and the gamification of bank reconciliations. Fierlinger also reveals how his latest startup Upstock is transforming the inefficient B2B food ordering process and lev…
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A collection of interviews from TOA Global clients, staff, and partners, including a special interview with the emcee Kat Davidson, who shares some tips on public speaking. Relive your time at TOACon ‘23, or get a taste for what happened. Today I'm bringing you interviews from the TOA Global Transformational conference held at the Sheraton Mirage o…
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Here is my interview with Kristy Cameron about the CEBA LOAN on CFRA. Consequences of businesses getting closed if they don't pay the CEBA loan. Ottawa-based accountant Moe Tabesh has started an online petition that is quickly gaining traction. With over 13,000 signatures already, he is calling on the feds to consider forgiveness for unpaid CEBA lo…
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What are your options when your tech stack is bursting at the seams? You’re struggling to get visibility over what’s happening. You’re balancing multiple spreadsheets and you’re spending a lot of time consolidating data. If you are trying to resolving your business's data overwhelm there are a number of options: Spring cleans all the files, and all…
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As a business consultant, I have witnessed firsthand the struggles of my clients who have borrowed funds through the Canada Emergency Business Account (CEBA) to keep their businesses afloat amidst the economic turmoil caused by the pandemic. These are hardworking individuals who contribute significantly to our economy, yet they find themselves unab…
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Discover how Grace Loves Lace transformed their bridal gown business with a strategic NetSuite implementation. Learn insights on scaling operations and enhancing efficiency in the fashion industry. Today I’m speaking with Sarah Rynja, Global Systems Manager of Grace Loves Lace In this episode, we talk about . . . - The NetSuite implementation she h…
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Explore how NetSuite empowers Australian businesses to thrive. Scott Wiltshire delves into the transformative impact of NetSuite solutions on local SMEs, offering insights and success stories for business growth in Australia. Today I’m speaking with Scott Wiltshire, Vice President & GM, Oracle NetSuite ANZ In this episode, we talk about . . . 1. Ne…
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Explore the 20-year evolution of NetSuite partnerships through Don McLean's insights, highlighting key milestones and the future of cloud ERP solutions. Today I’m speaking with Don McLean, CEO of PKF Digital, who shares insights and experiences from his 20 year journey with NetSuite. In this episode, we talk about . . . 1. Don McLean's background a…
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Join Alex and I as we walk around the floor of the Accounting and Finance Show Asia. We speak with: Namrata Goyal - Regional Manager Grab for Business Julian Sng - Head of Marketing & Communications - Institute of Singapore Chartered Accountants (ISCA) David Hanna - Co-Founder & CEO Finmo Darius Fong - Automation Evangelist at Blue Sheets Kevin Fit…
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Today I’m speaking with Ash Brown, the Founder & CEO of Empiraa. Ash Brown, a former leader with 15 years of experience in SME management. Frustrated with the disconnect between business planning and execution, Ash created a solution to help businesses align their plans in a simple and effective way. With a strong belief that work should feel good,…
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Today I’m speaking with Alex Ghiculescu, co-founder of both Tanda and Workforce.com. Alex is known for blogging and has a Substack newsletter where he shares stories from his 10+ years of building Tanda. Additionally, through Keen Strategies, Alex invests in B2B SaaS companies offering early-stage investments alongside technical and operational exp…
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Today I’m sharing a panel discussion from the Weel CFO Summit ‘23. This discussion covered key considerations for finance technology procurement strategies, including expense management solutions, revenue collection processes, and spreadsheet vs reporting apps. The panellists provided advice on touching multiple solutions, negotiating pricing, and …
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In this episode, I’m sharing a talk I gave on Content Creation for Building your Brand at the Tropical Innovation Festival in Cairns on May 23. I talk about: Robot vs human-led content. How to leverage ChatGPT and other tools in your content creation process. Questions are a gift, how to leverage them in your content. Recycle, Reuse and Repurpose c…
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Today I’m speaking with Sabby Gill, CEO of Dext. In this episode, we talk about . . . Sabby discussed his first 10 months as CEO of Dext and the changes he has implemented Sabby has been getting out to see accountants, bookkeepers and attending trade shows and regional shows. He has been listening to user feedback to better understand partners' nee…
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Today I am sharing with you the audio from a recent webinar I hosted on behalf of Xero and Approval Max. The topic was "Tightening Your Internal Financial Controls: How to Develop and Enforce for Maximum Effectiveness" the experts joining the session were Simon Foster GM Product - eInvoicing @ Xero and Cassandra Scott Director Laurus Bookkeeping, a…
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AI is such a hot topic at the moment! It was great to have a conversation with some experts, to identify some practical applications and dispel some myths. Some of the highlights from this conversion were : 🤖 AI is here to stay in finance. 💡 Productivity gains are at the fingertips of everyone. 🌍 AI is accessible to all. 🔑 Why businesses should be …
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Joining me today is Darren Glanville Country Manager - UK & EMEA @ Fathom. Darren is no stranger to the accounting profession and has more than twenty years experience helping accounting practices develop digital strategies and processes to drive efficiencies and profitability. Having worked for some of the biggest software providers including Sage…
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Joining me today is Andrey Kustarnikov, the CEO, Founder and visionary behind G-Accon. Andrey and G-Accon have been a strategic partner for many years, and they flew into Atlanta to meet me, and we spent several days together. Andret and his wife and co-founder Maria very kindly took me on a tour of Atlanta, in their Tesla - how lucky am I!! Let me…
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Interview with Paul Dunn Chief Story-Teller at CLARITY, and Co-Founder of B1G1. 💻 Technology is an enabler of more human things. 🎓 Edutainment, as education. 😬 Getting nervous when speaking. 👥 The way to connect is to be more focused on them than on you. 📜 The storyteller sets the vision and the agenda for an entire generation. 💪 The importance of …
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Interview with Graeme Tennick, Chief Impact Officer of Tennick Accountants 📋🏆 The process of applying for the Xero UK awards. 🎖️🚀 Accountants Bootcamp is all about pushing boundaries. 👍🏆 Every stage of entering an award is worthy. 👨‍💼 Aussies pushing boundaries in the accounting profession. 🥇💪 Competition in the North of England. 🗺️ What the northe…
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In this episode I speak with Paul Miller, Managing Director of Cornish Accounting Solutions. 🏙️👨‍💼 The impact of the 2014 Sydney Xerocon. 🤝📈 It’s your business, you make the decisions. 💪 The importance of staying true to one's beliefs. 📅🔙 The early days of Xero. 🤝🤝 The return to traditional values and relationships. 🤝👥 The importance of meeting cli…
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In this episode I speak with Gareth Burton Founder of Assure UK and Progress Accountants. 🤝 Why Gareth Burton decided to start two firms. 💯💡 100 1% improvements in 100 days. 💼 Why Gareth decided to start his own accountancy firm. 📈 The 100 1% improvement. 💻 Technology used in that business: Xero, Dext, Microsoft, BreatheHR, MyWorkPapers. 🌎 How Micr…
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In this episode I’m speaking with Mel Kettle author of Fully Connected. Everybody should strive for a meaningful and purposeful life. And if you don't know what gives you purpose over your whole life, that's completely fine. But find a reason to get out of bed tomorrow. And one of the things that I love recommending to people is go to bed thinking …
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Inspired by James Clear's book Atomic Habits, this session unpacks the impact and power of habits on our business and our client's business. *What are Atomic Habits, and why have we heard so much about this book by James Clear?! *How do Atomic Habits Work? How Can They Help You Achieve Your Goals? *How do you develop good habits and break bad ones?…
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Join Heather Smith and Nick Sinclair Founder - Humanverse Group (TOA Global & AB² Institute) as they discuss the following trends and how they impact accountants and bookkeepers. Chat GPT Embracing innovation: Automation, AI & Technology Oversupply of clients Undersupply of staff Diversified skill sets and micro learning Inflation Practice Transfor…
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