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Accountants

New brand, same focus

Rowan and I came up with our business name, SmartBooks Online over a few beers one evening. It was a very literal name, and that’s the way we intended it. Most people figured we were an accounting business. Some thought we were optometrists or book…

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The psychology of financial budgeting

There are few words in the English language that conjure feelings of scarcity and deprivation than the word “budgeting”. Our lizard brain responds to the term budget in the same way it responds to the word diet — utter dread. Budgeting, like dieting, sucks because it requires determination. It requires…

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How much is bad data costing your accounting firm

The term Big Data has been used with increased frequency over the last 5 years. While many organisations are still scrabbling to understand the broader application of it, there's no doubt that simple operational data is becoming more and more common as a source of…

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Your accounting firm isn’t worth squat – An open letter to a Senior Partner

Dear Bob, I started working with your accounting firm when I was a graduate, wide eyed and fresh out of university. I spent the first 12 months of my career learning the basics of ‘tax’ which included how to complete a form on horribly clunky…

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The tools and tactics we use to manage our distributed team

The distributed team model has been a common approach to work in software companies. Multimillion dollar companies like Zapier and Basecamp have their teams distributed all over the world. The WordPress parent company Automattic (valued at over $1.16B) boasts over 500 staff located in 57 countries. The…

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How to Build the Perfect Bookkeeper / Accountant Relationship

The bookkeeper / accountant relationship has always been a topical subject. Accountants blaming bookkeepers for dodgy work and the WIP they have to write-off as a result of it. Bookkeepers snarling at accountants for being elitists. Sound familiar?Looking back to when I was an undergrad…

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Why Your Business Should Aspire to be Like McDonalds

If you ask any company what businesses they look to for inspiration, they will no doubt refer to the technology household names – Uber, Tesla, Apple, Google.While innovation must be a key value driver to every organisation, it’s not surprising that organisations become caught up…

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Identifying and Retaining Top Performers

Jason’s note: The barriers to entry to establishing your own accounting practice have never been so low. A tech stack of XPM + PI + Asana will set you back less than $200 per month. Sign up and away you go - off into Startup…

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Let’s settle this ‘offshoring’ debate

When people hear the term “offshoring”, the connotations are almost always negative. People conjure up images of warehouses with rows of children punching away at excel spreadsheets, adding machines and industrial fans….LOLThe global economy has thrived in the philosophy of ‘comparative advantage’, going back at…

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Part II – Accounting as a Service – The new business model.

Jason's Note - following on from our last post on Metrics for the Modern Accounting Practice we received a bunch of feedback from accountants, interested in the "Accounting 2.0" business model. Questions like, why has the game changed? How do you move from time-based billing and what tools…

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