I Hate Accounting! A Podcast by Botkeeper

The internet is full of misinformation, and that’s no surprise to anyone. In fact, 52% of Americans believe they’re served fake news on a regular basis. And the leading source of misinformation? You guessed it—social media. A classic example: how many times have you seen headlines in your feed announce the death of a beloved celebrity, only to find out later that you were duped? Learn more at https://www.botkeeper.com/blog/19-common-misconceptions-about-botkeeper

Here’s some exciting news for automation nerds like us: automated bookkeeping services are rapidly gaining in popularity! We know—it’s pretty cool. In fact, according to Sage’s Practice of Now 2020 report, 73% of surveyed accounting professionals are confident when it comes to providing tech recommendations like AI and automation. Learn more at https://www.botkeeper.com/blog/10-compelling-reasons-to-automate-your-bookkeeping

There are lots of reasons why a CPA firm might be ready for acquisition. Business climate changes, firm growth, or partners reaching retirement age are some of the most common. Learn more at: https://www.botkeeper.com/blog/8-tips-for-getting-your-firm-acquired

When you think of a CPA firm that seems to have it all together, what comes to mind? Is it their services and clientele? Their firm size or funding? Maybe it’s their influence in the accounting and business communities? Learn more at https://www.botkeeper.com/blog/the-anatomy-of-a-great-cpa-firm-explained

There are usually two ways social media is perceived by accountants. One side, perhaps most often from the newer accountants, loves it and sees it as a great way to stay up to date with the latest news or trends. The other side might view social media as nothing more than a distraction or just another annoying time-waster on their phone. Learn more at https://www.botkeeper.com/blog/how-social-media-can-give-your-accounting-firm-a-boost

Blockchain technology, along with being a new buzzword, is also one of the most exciting technologies of the 21st century. A universally decentralized ledger system that can share data among an infinite number of users—a blockchain is unhackable. Due to its ability to share data and simultaneously record real-time transactions on every single computer connected to its network, the technology can’t be interfered with. If anyone tries to hack or scam a blockchain, the entire chain takes notice, and the chain will be forked where the hack happened, eliminating the culprit from the chain. Learn more at https://www.botkeeper.com/blog/breaking-down-blockchain-for-accountants-in-2020-and-beyond

In the scramble to adjust to running an accounting firm during a pandemic, many firms invested in new technology to help them bridge the gap between a traditional in-office operation and a new virtual approach. And understandably so—it was an unforeseen challenge that caught most industries and businesses off-guard. Accounting firm leaders might have even said things like, “We just need to get by,” and, “Do whatever it takes,” so they could put their clients and staff first by patching together new processes for survival. Learn more at https://www.botkeeper.com/blog/what-we-know-about-roi-a-new-approach-for-the-cpa

We’ve come a long way from using floppy disks and CDs to store our business data and files. These days, many people and businesses have moved to the cloud for data storage and file management, and others use servers housed in office closets and storage rooms. Still others—especially in the accounting industry—continue to operate from paper files in filing cabinets! https://www.botkeeper.com/blog/do-you-have-info-rot-what-it-is-how-to-avoid-it

Not everyone who’s familiar with Jody Padar knows why she’s nicknamed the Radical CPA. In addition to being considered a bit progressive with her online presence, she’s passionate about leveraging quality technology to create a better accounting firm. She recently chatted with one of the sales reps at Botkeeper about how some firms aren’t blown away by new accounting technology. Essentially, they meet it with skepticism because they don’t understand how it can work. Learn more at: https://www.botkeeper.com/blog/how-to-beat-the-big-firms-by-leveraging-accounting-tech

Rapid business growth and increased sales are often the epitome of a “good problem” for accounting firms. While doubling your client base generally means an exponential rise in revenue, unprecedented growth tends to be a great disruptor for bookkeeping. It’s easy to fall out of good accounting habits and become overwhelmed by sheer volume as you deal with double the journal entries, rolling invoices, and fluctuating cash flow. Learn more at https://www.botkeeper.com/blog/tips-for-maintaining-bookkeeping-disciplines-when-your-client-base-doubles

Technology advancements over the past five years have changed the business landscape completely, and the evolution isn't slowing down anytime soon. This is especially true in the accounting space, where we’ve seen a large pop in the progression of technology over the last two to three years. Learn more at https://www.botkeeper.com/blog/accounting-automation-expectations-vs.-reality

As the leader of an organization of 100+ amazing people coming from various backgrounds, religious views, and lifestyles, it’s always been important to me that we go above and beyond in being inclusive, supportive, and understanding. Learn more at: https://www.botkeeper.com/blog/its-time-to-speak-up-a-note-from-our-ceo

The world in the time of Corona is upside-down! The first thing to acknowledge is that in the next six to ten months, new legislation, new social and professional norms, and new practices in every sector will become solidified to create a new normal. Where does this position CPAs? Gretchen Pisano, who has been holding our hand through this process, encourages CPAs to lean into this shift. CPAs are trusted supporters of and advisors to our clients, setting them up for as much success as possible. No matter how crazy the world gets, these tenets will not change, but how we execute might. Learn more at https://www.botkeeper.com/blog/when-the-rules-no-longer-apply-be-like-a-startup

As your accounting firm makes adjustments and settles into a new normal—at least for the next few weeks while COVID-19 remains a serious threat—it can be hard for firm leaders and managers to maintain status quo. You’re used to face-to-face meetings, casual chats around the water cooler or coffee pot, and impromptu Q&A when complex client issues arise. Learn more at https://www.botkeeper.com/blog/7-tips-for-leading-a-remote-team-during-the-covid-19-crisis

With the current events taking place around COVID-19, business as we know it has changed. The way that accounting professionals conduct their day-to-day has evolved and will continue to evolve in the coming weeks. Learn more at: https://www.botkeeper.com/blog/10-marketing-tactics-for-accountants-during-covid-19

If there are specific people that business owners trust, their accountant is very high up on the list. Accountants watch over their clients’ finances, make recommendations for cost-saving and growth opportunities, and they ultimately provide their clients with advisory services on how their businesses can and should grow in the future. Learn more at https://www.botkeeper.com/blog/why-you-should-practice-accounting-advisory-with-emotion

As the Partners watched their business grow, they knew they had a bandwidth challenge. How could they offer exceptional service to their clients and have a successful tax season? With just the two of them, it was nearly impossible to complete all the necessary tax and advisory work and still do vital bookkeeping tasks, given how manual and time-consuming they were.

Zack Gould, co-founder of G&N Insurance, a home, auto, and commercial insurance provider, was spending 10+ hours a week completing the bookkeeping tasks for his growing company. Zack knew that he wanted to spend more of his time focusing on his relationships with mortgage lenders and referral partners and less of his time focusing on the books. He decided to hire Botkeeper. Learn more at https://www.botkeeper.com/blog/gn-insurance-saves-50-hours-each-month-with-botkeeper

As a nonprofit organization, you’re required to record and report not only cash donations but in-kind contributions, too. Sound like a lot? That’s because it is! In-kind gifts make up a majority of donations to nonprofits, and these charitable contributions no doubt keep a nonprofit functioning. That’s why they’re always welcome! Learn more at https://www.botkeeper.com/blog/how-to-record-in-kind-donations-for-non-profits

In a world where the average company uses at least five clouds at once to store data and information, SaaS businesses are in high demand. SaaS—software as a service—companies host an application and then make it available for customers over the internet. Clients remotely access their data and information using the SaaS company's server. This makes for neat and tidy dealings for the hiring company since they can access their data through the application at any time. It also eliminates the need for manually stored data—saving time, money, and valuable office space. Learn more at https://www.botkeeper.com/blog/when-things-dont-add-up-how-to-navigate-common-saas-accounting-challenges