7 min read

Want Happy Accounting Clients? These Strategies Will Help

By Jessica King on Oct 12, 2021 11:00:20 AM

There’s a lot of chatter in accounting circles and on accounting social media about the importance of client advisory services. Much of the messaging focuses on how CAS is the future of the industry and should be considered a huge money-making opportunity for accounting firms.

Topics: happy accounting clients happy clients
6 min read

Vic.ai & Botkeeper Have Teamed Up—Here's Why That's Good for Accounting

By Aaron Sullivan on Sep 30, 2021 11:21:31 AM

In July of this year, we announced a new partnership with Vic.ai, a fellow pioneer of automation with a target on the accounts payable process (among other pre-accounting solutions). We engaged in this relationship for a number of reasons, with the success of our clients being paramount to everything else.

Topics: accounts payable Vic.ai Partnership
8 min read

The 5 Deliverables Businesses Really Want From a Virtual CFO

By Jessica King on Sep 29, 2021 1:07:13 PM

With emerging softwares and progress in automation, the role of the modern accountant is changing. We’re not saying that tech is here to take an accountant’s job—far from that! But we are saying that it’s changing the game for all levels of accounting professionals.

Topics: firm creativity CFO services Virtual CFO
8 min read

Your Firm & Open Banking Apps—Here's How to Take Full Advantage

By Aaron Sullivan on Sep 24, 2021 8:00:00 AM

Remember going to the bank? We used to do it all the time for virtually every financial task related to our personal and corporate accounts. There’s still nothing quite like the whooshing sound that goes with sending a deposit through one of those pneumatic tubes—it felt so futuristic!

Topics: CAS firm creativity Open banking banking apps
7 min read

When's the Perfect Time to Offer CAS Services?

By Jessica King on Sep 23, 2021 11:15:00 AM

The accounting industry is changing, and more business owners are looking to accountants as trusted resources for securing their financial future. This creates a new opportunity for firms everywhere to start offering CAS services—they can be your key to growth in this year and beyond.

Topics: Accounting advisory services CAS Accounting firm strategy firm creativity
9 min read

Which Financial Statements Have the Biggest Impact on Client Success?

By Aaron Sullivan on Sep 16, 2021 7:45:00 AM

Sometimes entering a new client engagement can feel like walking into a middle school cafeteria after a food fight—broken food trays are scattered all over the floor, there’s pudding on the ceiling, and a Salisbury steak stuck to the window. When every corner of the room needs your attention, where do you begin?!

Topics: client success client data Accounting reporting firm creativity Financial Statements
8 min read

How to Use Your Client's P&L to Create Advisory Opportunities

By Aaron Sullivan on Sep 14, 2021 8:00:00 AM

It’s one of the most valuable reports a business owner can have: the profit and loss statement. But too often, entrepreneurs obsess over the bottom line and gloss over everything above it.

Why? In a world where more than 25% of all small businesses fail in the first year, how can this simple yet helpful report be underutilized?

Topics: CAS firm creativity Profit and Loss Statement P&L Financial Statements
7 min read

How Bookkeeping Fits Into CAS & Why You Should Set it to Autopilot

By Jessica King on Sep 7, 2021 2:00:00 PM

You know good bookkeeping is at the heart of healthy financials—and client advisory services (CAS), too. Whether you’re serving individuals or businesses, maintaining accurate, up-to-date ledgers and creating timely financial reports lie at the core of what you have to offer your clients.

Topics: Bookkeeping CAS firm creativity
8 min read

Explore These 8 Promising Market Verticals for CAS Practice Growth

By Aaron Sullivan on Aug 30, 2021 8:30:00 AM

This might seem counterintuitive, but narrowing your firm’s focus to specialize in one or a few markets can actually increase your firm’s growth potential.

Particularly, this is true for your CAS practice. Once your firm has committed to and built out advisory services, your ability to create and maintain momentum hinges on your ability to tap into the markets that most need your guidance and support.

Topics: CAS firm creativity Selling CAS Firm Capacity Specialization
8 min read

How Much Does it Cost to Recreate Your Accounting Tech Stack?

By Aaron Sullivan on Aug 26, 2021 10:00:00 AM

Technology and business are more ingrained than ever before. A lot of business has moved online, simultaneously creating additional growth opportunities and introducing more complexity to the mix. As a result, the tools that we use to run our businesses must be sophisticated, powerful, and versatile.

Topics: accounting technology firm creativity firm operations Overhead
8 min read

Follow These Marketing Best Practices to Drive More CAS Leads

By Jessica King on Aug 20, 2021 9:00:00 AM

As the leadership coach Marshall Goldsmith wrote, “what got you here won’t get you there.” And when it comes to marketing your accounting firm, he’s right.

That’s because most firms built their client foundation on bookkeeping and tax preparation services, which are repeatable and fairly consistent from client to client. But how do you take those services even farther down the road to growth?

You have to shift your mindset and your approach.

9 min read

What Accounting Firms Need to Know to Overcome Talent Retention Challenges

By Jessica King on Aug 12, 2021 9:30:00 AM

Talent shortage is a problem in accounting. It has been for decades, and it’s only getting worse. Firms face a historical struggle to find quality accountants—and keep them—while focusing on growing the business.

Topics: Accounting firm hiring accountant retention turnover accounting firm management
9 min read

Is Your Firm Ready to Weather the Great Resignation?

By Aaron Sullivan on Aug 10, 2021 1:30:00 PM

Last year, we wrote about the looming accounting shortage and how year-over-year growth in the accounting industry was down 2%. At that time, we thought the situation was limited to a reduction in the total number of accountants available to hire based on graduation rates, the economic environment, and typical turnover rates at firms.

Topics: Accounting trends turnover accounting firm management Great Resignation
3 min read

What Does 6 Years of Human-Assisted Automation Look Like?

By Aaron Sullivan on Aug 5, 2021 9:00:00 AM

A lot happens in a year, and this last year has been eventful, to say the least. We’ve changed the way we work, witnessed big investments in accounting firm competition, and joined forces with groundbreaking technology partners to create an even better automated accounting experience for firms of all sizes and specialties.

Topics: Anniversary Botkeeper history
3 min read

Botkeeper Partners with Vic.ai to Evolve Accounting Automation

By Della Copp on Jul 27, 2021 4:21:59 PM

Botkeeper clients will soon be able to access a new feature embedded in the Botkeeper Operating System, powered by Vic.ai. This new module will provide accountants and firms a unified, faster, more intelligent, and advanced autonomous Accounts Payable (AP) solution integrated with their GL and bill pay systems, all from within the Botkeeper Operating System.

Topics: automation Vic.ai Botkeeper news
7 min read

Your Most Urgent Need Is Capacity—Here's How to Increase It

By Jessica King on Jul 22, 2021 10:00:00 AM

If you could pull a lever to create more capacity at your accounting firm, would you? Of course you would! We know from speaking to many growth-focused firms that capacity is a major issue, and firms will do whatever they can to increase it.

Topics: Accounting firm growth firm creativity Firm Capacity Bandwidth
10 min read

How Creating Productized Service Menus Unlocks New Accounting Firm Growth

By Aaron Sullivan on Jul 20, 2021 11:00:00 AM

A big challenge for many firms is achieving profitable growth. Building up a client base and increasing their gross revenue is one side to growth. But when you take a look at the net gains, the profit may not be as great as you thought.

Topics: Accounting Services accounting firm operations firm creativity firm operations Productized service
10 min read

Audit Is Changing...What’s Your New Money Maker?

By Aaron Sullivan on Jul 13, 2021 9:30:00 AM

Accountants are in a bit of a weird position these days—remote work is the norm, technology is rapidly changing workflows and firm operations, and services we’ve relied on as traditional money makers aren’t growing at the same pace as they used to. 

Topics: Accounting advisory services CAS Audit CFO services
8 min read

The Most Important Metric for Firm Growth Is Revenue Per Client—Here's Why

By Jessica King on Jul 9, 2021 9:00:00 AM

How do you drive success in terms of sales and growth? Are you looking at average revenue per client (ARPC) as a key metric?

To be fair, ARPC is a metric often prioritized by software companies, but in this day and age, firms can learn a lot from this simple yet valuable metric. And yes—we know that it’s often overlooked or regarded as a vanity metric...but we also know that’s not the whole story!

Topics: scalability Accounting firm growth firm creativity Revenue per client
11 min read

These 6 Non-Accounting Strategies Will Help You Build Your Dream CAS Practice

By Jessica King on Jun 29, 2021 9:30:00 AM

When it comes to adding accounting advisory services to your firm’s menu of offerings, there are a lot of resources available that will tell you to do this or do that. In fact, a quick Google search returns more than 81 million results for the question, “how to build accounting advisory” (although the most relevant/helpful results are probably limited to the first few pages). 

Topics: Accounting advisory services CAS firm creativity Advisory Strategy
9 min read

Should Your Firm Charge for Initial Assessment? These Are the Pros & Cons

By Aaron Sullivan on Jun 17, 2021 10:00:00 AM

Are you charging potential clients for initial assessments? If not, your firm may be burning money—and missing out on the chance to filter the type of clients you work with (and the services you offer them).

Topics: firm creativity Pros & Cons Accounting Assessment Discovery Call
8 min read

If You're Targeting Growth, Avoid These 7 Common Pitfalls in Accounting Automation

By Jessica King on Jun 10, 2021 1:20:48 PM

In a detail-oriented profession like accounting, it can be difficult to transition to a more hands-off approach after you’ve been responsible for all of it in the first place. If you have to review something to ensure it’s done right, why not just do it yourself in the first place?

Topics: accounting firm challenges Accounting firm scale firm creativity
6 min read

Why We're Inviting Firms to Evaluate Automation—And Get Paid for It

By Aaron Sullivan on Jun 4, 2021 3:46:50 PM

Thinking About Automation at Your Firm? Get Rewarded for Exploring Botkeeper

It's not clickbait, and it's not a gimmick. We're really paying accountants/firms to explore the idea of adding automation to their firm operations. 

And here's why: our mission is to bring value to the accounting profession in all aspects of what we do. That starts with you, accounting professionals and firms—we’re invested in your success. After all, when you succeed, so do we!

We know that even after the busy season ends, an accountant’s work isn’t over. There’s a natural reflection period that always takes place when firms consider what can be done to make the next tax season better. Which processes are working? Where are the bottlenecks? How can we provide better service...to even more clients?

Topics: accounting automation Botkeeping℠ Accounting efficiency
7 min read

4 Common Pitfalls in Advisory (and How To Avoid Them)

By Aaron Sullivan on May 26, 2021 9:30:00 AM

Believe it or not, there’s a lot accountants can learn from professional sports. Take the Olympic steeplechase event in track and field—at the beginning, it looks like any ordinary distance race. Then come the hurdles...then comes the hurdle-water pit. It takes a lot of endurance, planning, and strength to master the race, and almost no one comes out of it completely dry!

Topics: Accounting advisory services firm creativity Accounting challenges
9 min read

Selling CAS in 2021: Your First Steps Toward Big Results

By Jessica King on May 18, 2021 10:00:00 AM

The accounting industry is changing, and with it comes a change to how accounting firms service their clients.

For instance, in Sage’s “The Practice of Now 2019 report, 44% of accountants believe that “business advisory” is a necessary skill set for the industry. But fewer than 20% of practices offer advisory (with only 5% offering outsourced CFO services).

Topics: Accounting advisory services CAS firm creativity Selling CAS
7 min read

Still Confused About How AI Helps Accountants? This Article Will Help

By Aaron Sullivan on May 13, 2021 1:00:00 PM

We live in an amazing age where seemingly every problem can be fixed by a specific tool or piece of technology. You missed the golf ball and created a divot with your club? There’s a tool for that. Curious if that plant growing in your garden bed is a weed or a flower? There’s smart technology for that. Indeed, there’s no shortage of solutions for the challenges we face, even in accounting!

Topics: artificial intelligence accounting technology firm creativity AI accounting
7 min read

Planning to Sell Your Accounting Firm? Start Here, and Start Today

By Jessica King on May 6, 2021 1:30:00 PM

Regardless of if you’ve decided that a sale is your end goal, you should be running your firm like you’re going to sell it tomorrow.

We don’t say that to mean that you will sell tomorrow, but being able to means that your ducks are in a row, your firm is desirable to buyers, and you have an idea in mind for what you’ll do afterward.

Topics: Accounting firm transformation firm creativity firm management
8 min read

How Your Firm Defines CAS Will Determine Your Growth Strategy

By Aaron Sullivan on May 4, 2021 9:30:00 AM

Can you imagine a world without acronyms? Communication would without a doubt be more of a chore, and it would take longer, too. Indeed, acronyms are fantastic. But FWIW (for what it’s worth)—for an acronym to be truly effective, it must be defined and clear for everyone involved.

Topics: Accounting firm growth Accounting advisory services CAS firm creativity
7 min read

A 360º Data View Will Transform Your Firm into a Super Force

By Jessica King on Apr 27, 2021 10:00:00 AM

The role of accounting professionals has been in constant evolution for decades. Traditionally, accountants and CPAs were relegated to the books and compliance duties. This is mostly due to the pre-spreadsheet and pre-internet era when these tasks legitimately took up most of a firm’s available bandwidth. 

Topics: CAS Accounting data Accounting reporting firm creativity
9 min read

Accounting Firm Growth Depends on Your Ability to Segment Your Audience

By Aaron Sullivan on Apr 23, 2021 10:00:00 AM

Whenever your accounting firm is looking for growth, it essentially has two options. Option one is to look for the same kind of client you’re already serving, and option two is to look at new market segments and trends as potentially uncharted client territory.

Topics: Accounting firm growth marketing for accountants growth strategies audience segmenting firm creativity
7 min read

How Better Results Are Tied to Process Improvement | An Interview With Chris Barnes

By Aaron Sullivan on Apr 13, 2021 9:30:00 AM

Until last year, every tax season was virtually the same as the year before, which meant that firms could get by doing the same ol’ thing to get the same ol’ results.

Topics: interview 2021 tax season continuous improvement process improvement Lean Six Sigma
6 min read

Overcoming Common Agile Software Development Struggles | Thoughts From Botkeeper Engineering

By Rachael Smith on Apr 6, 2021 1:00:00 PM

As a company that straddles two essential industries—accounting and technology—we have a unique opportunity to share our views and strategies as they relate to both verticals. Our amazing team of Botkeeper Engineers are industry leaders in their own right, too. This article was written by an in-house engineer about how our team works and how other tech teams can learn from their process.

Topics: accounting technology Software Development Agile Development
6 min read

Pilot's $100m Funding Round: What it Means for the Accounting Profession

By Aaron Sullivan on Mar 31, 2021 2:12:30 PM

The field of competition for accounting firms just got a bit more interesting, and not in a good way.

Topics: News Pilot Accounting Firm Competition
7 min read

Is Your Firm 'Modern'? Look at How You Hire to Find Out

By Jessica King on Mar 24, 2021 1:00:00 PM

Every accounting firm is a business, but does that mean your firm should function like a traditional company? A typical business has many moving parts, a variety of roles, and a structure in place. It’s an entire system that revolves around the company’s core offerings, products and/or services.

Topics: hiring Accounting firm structure modern accounting firm firm creativity
9 min read

Firms Should Prioritize Internal Growth If They Want Comprehensive Growth

By Aaron Sullivan on Mar 18, 2021 10:45:00 AM

Running any business is like riding a roller coaster: it’s only fun and exciting if the whole thing keeps moving. That’s true for any kind of business, especially accounting firms with big growth goals related to:

Topics: business growth Accounting firm scale accounting firm operations firm creativity
6 min read

You Already Use Automation, But Are You Getting the Most Value From It?

By Jessica King on Mar 11, 2021 2:15:00 PM

This may come as a hard truth for those who fear change, but there’s no escaping automation. We come in contact with some element of automation from the moment we wake up—it’s in our smartphones, computers, cars, TV, behind the scenes of your bank account, and in too many other places to list out!

Topics: automation artificial intelligence accounting technology firm creativity
5 min read

Should Congress Extend the 2021 Tax Deadline?

By Aaron Sullivan on Mar 9, 2021 9:00:00 AM

Citing COVID-related issues from last year and a need to provide relief to taxpayers, lawmakers have asked the IRS to extend the tax season to July 15. For some accounting professionals, that could be a good thing: more time to work on difficult filings and close deals with new clients, and hopefully less deadline-driven stress and long hours.

Topics: Taxes interview rapid write-up
7 min read

Who Benefits the Most From Automation at Your Firm?

By Aaron Sullivan on Mar 2, 2021 4:00:00 PM

New tech can give accounting firm owners and partners mixed emotions. On one hand, there’s the hope of improving processes while driving greater revenue. On the other hand, there are concerns related to cost and how to implement a new tool across the entire company. There’s a lot to consider!

Topics: Accounting firm scale CAS Accounting efficiency firm creativity
6 min read

How Diversity and Inclusion Benefits Your Accounting Firm

By Jessica King on Feb 23, 2021 9:45:00 AM

There’s a preconception that the accounting industry is very “traditional.” And in many ways, that’s a positive; good accounting traditions help keep our world running, like filing taxes and supporting small businesses. And accountants are the heroes who make those important traditions happen! 💪

Topics: Accounting firm leadership Diversity accounting industry firm creativity
6 min read

These New Strategies Will Save You Seasonal Hiring Stress

By Aaron Sullivan on Feb 16, 2021 11:00:00 AM

We’ve all heard about or experienced firsthand some awful stories about hiring for tax season, and we do our best to avoid them from happening to us—or from happening again!

Topics: Taxes hiring Rapid Write-Up Package firm creativity
5 min read

Botkeeper Creates A Superior Credential Management Process —Introducing Password Manager

By Kierstyn Kalman on Feb 11, 2021 9:10:00 AM

Accounting professionals have a lot on their plates—even during slower times of the year. But having to store, manage, and stay up-to-date on all your clients’ credentials for accessing important financial data shouldn’t be a burden to bear. Accountants should be spending their time creating value and helping to grow the business...not going back-and-forth with each of their clients on tedious user login info!

Topics: botkeeper tools product update Botkeeping℠ bank connections Password Manager
9 min read

How to Launch New Accounting Services (Step-by-Step)

By Jessica King on Feb 9, 2021 5:30:00 PM

What are all businesses—accounting firms included—trying to achieve on a daily basis?

Topics: Accounting firm growth CAS Accounting Services firm creativity
9 min read

Maximize Every Client's Revenue to Drive Rapid Growth

By Aaron Sullivan on Feb 3, 2021 1:00:00 PM

We hear about accounting firm growth strategies all the time, but when it comes to putting a plan into action, many firms are lost on how to get started. 

Topics: Accounting firm growth Accounting firm strategy firm value firm creativity
7 min read

8 Essential Things Accountants Should Have for The 2021 Tax Season

By Jessica King on Jan 19, 2021 1:30:00 PM

It’s here….

You know, that time of the year where accounting practices (like yours) are inundated with corporate tax preparation. Some repeat clients from previous years, some first-timers.

Topics: tax preparation 2021 tax season Rapid Write-Up Package firm creativity
5 min read

How the Fourth Industrial Revolution Impacts the Client Relationship

By Lisa Michaels on Jan 14, 2021 1:00:00 PM

The Fourth Industrial Revolution is here, and it’s changing the way we do business. Also known as Industry 4.0, the Fourth Industrial Revolution is the ongoing automation of traditionally manual processes.

6 min read

The Strategic Benefits of Automation in a CPA Firm

By Aaron Sullivan on Jan 12, 2021 9:00:00 AM

“Automation is coming for your job!”

Hold up—that’s not true. In fact, it’s so far from the truth that not even Google Maps can help find where it belongs.

Topics: accounting automation Accounting firm strategy automation benefits firm creativity
6 min read

3 Accounting Trend Predictions to Take Advantage of in 2021

By Jessica King on Jan 7, 2021 1:30:00 PM

Every industry experienced massive shifts in 2020, and accounting is no exception. Stemming from all we learned in the last year, the burning question for 2021 is simply, “What’s next?” 

Topics: accounting automation Accounting trends operations firm creativity
6 min read

Is the Automated Tax Return Possible?

By Aaron Sullivan on Jan 5, 2021 2:00:00 PM

The ideal tax season is one that requires no tax work at all. Sure, tax can be lucrative, and it’s always nice to present a return to a client who’s truly grateful for your work...especially when they make it easy on you. But imagine a low-stress tax cycle that leverages automation so that you’re only involved with review and client interaction—how sweet!

Topics: Taxes rapid write-up automated tax return
7 min read

Is Your Firm Ready for Growth?

By Aaron Sullivan on Dec 30, 2020 12:59:45 PM

In the height of summer, Inovautus Consulting ran a survey asking CPAs and accounting firms about how the pandemic affected their business. The results were a bit surprising: many firms had grim prospects for growth moving forward, and a majority of respondents to the survey actually anticipated having lower revenue.

What’s causing the slump? 

Topics: Accounting firm growth Accounting firm scale firm strategy firm creativity
2 min read

A Holiday Tale of Accounting Automation

By Aaron Sullivan on Dec 24, 2020 10:00:00 AM

 
Topics: Happy holidays rapid write-up
8 min read

How to Handle New Clients & Their Messy Year-End Close

By Jessica King on Dec 22, 2020 2:00:00 PM

Year-end is a great time for your accounting firm to prepare for an influx of client requests. For better or worse, tax deadlines create a natural force for businesses to think about organizing their financials.

Topics: Year-end close bookkeeping clean-up end of year firm creativity
4 min read

Botkeeper Releases Smart Connect, The Future Of Financial Data Access

By Kierstyn Kalman on Dec 17, 2020 3:00:00 PM

Prepare yourself for an understatement: Accounting isn’t what it used to be. 

Yes, the dramatic life shifts we’ve all experienced have thrown accounting firms into unknown territory this year, but the industry was already on its way toward a new order. Technology was on the rise even before the overnight shift to remote work.

Topics: botkeeper tools product update Botkeeping℠ Smart Connect bank connections
7 min read

How to Determine What Client Advisory Deliverables to Offer

By Aaron Sullivan on Dec 15, 2020 10:00:00 AM

There’s no denying that more and more firms are positioning themselves to offer their clients advisory services, and the reason is clear. Financial guidance is a cornerstone of business success, and business owners need a trusted advisor to provide a data-driven path to achieving their goals—and avoiding costly mistakes.

Topics: Accounting advisory services CAS client advisory services firm creativity
7 min read

Maximize Productivity at Your Firm With This Refresher

By Jessica King on Dec 10, 2020 11:30:00 AM

Can you believe the holiday season is already upon us?! In some ways, it feels like 2020 started three years ago, and in other ways, it feels like we blinked and we’re suddenly preparing to celebrate a new year. Regardless of how you feel about this year, it can be easy to overlook the time-tested tips we rely on for making sure we’re getting everything done...and doing it well.

Topics: CPA firm success accounting firm advice Productivity
6 min read

Botkeeper’s Proactive Engineering Saved One Client 60 Hours per Month

By Aaron Sullivan on Dec 8, 2020 9:00:00 AM

We're firm believers in the idea that challenges are opportunities in disguise. Call it a positive outlook, if you will, but we just think of it as a helpful approach to problem solving. And that's why Botkeeper was created: to help solve the problems preventing the accounting industry from becoming truly transformative!

Topics: automation Innovation Botkeeper Engineers
7 min read

How Automated Billing Improves Your Accounting Firm Workflow

By Asaf Darash on Dec 3, 2020 11:00:00 AM

Any accounting professional knows that a big part of the job is dedicated to settling client accounts and managing invoices. Thanks to continually evolving technology available in the accounting sector, this hefty task is becoming smaller and more manageable every day.

Topics: automation Accounting firm Billing
7 min read

What’s the Key to Accounting Firm Differentiation?

By Jessica King on Dec 1, 2020 9:00:00 AM

Do you ever feel like the services you offer—those that are massively important to your clients’ business health—are taken for granted? You might even feel like clients view accounting firms as a necessary evil just to help them get through tax season.

Topics: cpa firm CPA firm success accounting firm automation firm creativity
6 min read

How The Top Firms Attract a 6-Figure Monthly Book of Business

By Jessica King on Nov 24, 2020 10:00:00 AM

Accounting firms are like nearly every other business out there when it comes to the range of success they see on a monthly basis: some are still trying to figure out how to get off the ground, while others pull in 6-figures in revenue each month.

Topics: CPA firm greatness accounting firm advice attracting new clients CPA firm growth
7 min read

Making Radical Bookkeeping Easy

By Jody Padar on Nov 19, 2020 9:00:00 AM

A few months before COVID-19 hit and turned our professional and personal lives upside down, I joined Botkeeper as VP of Strategy. For ages, I’ve been preaching the need to go digital, to get on the cloud, and to find ways to automate workload so we can apply our gorgeous CPA brains to help our clients become healthier and smarter financial entities. Botkeeper is all about automation and saving us precious time.

Topics: cpalove Botkeeping℠ accounting firm automation bookkeeping automation
12 min read

An Introduction to Botkeeper Growth Partners

By Aaron Sullivan on Nov 17, 2020 10:00:00 AM

These days, to say that change can be hard would most certainly be an understatement. After what accounting firms have learned so far this year, we know that change is hard, especially when it’s forced upon you overnight.

Topics: Accounting firm growth Botkeeping℠ Growth Partners
4 min read

Scaling Like a Pro: A Guide for CPA Firms

By Jody Padar on Nov 12, 2020 10:00:00 AM

Accounting firms typically grow in one of two ways. Either they grow organically and hire more staff as the need for client work grows, or they grow through mergers and acquisitions and physically become larger firms. There is a third option to growth that doesn’t involve either of these: AI-powered technology.

Topics: Botkeeper For Dummies Botkeeping℠ Accounting firm scale
9 min read

4 Essential Steps for Better Onboarding at Scale

By Aaron Sullivan on Nov 10, 2020 2:47:46 PM

Growing an accounting firm means you become a pro at overcoming your firm’s obstacles as well as helping your clients overcome theirs. Likely, one of those obstacles you’re familiar with is client onboarding—how to begin delivering your valuable services as efficiently and effectively as possible. The last thing you want is to create a bottleneck at the very beginning of your client relationship!

Topics: scalability Botkeeper onboarding Accounting firm scale firm creativity
5 min read

Automated Technology Helps CPA Firms Gain Competitive Advantage

By Jody Padar on Nov 5, 2020 9:30:00 AM

"Data is the new oil.” What does that even mean?!

By way of a quick history lesson, oil was the means of rapid industrialization and development in 19th century United States. Eventually, it would become the primary fuel source and helped propel the rest of the economy forward. New technology was developed to better harness oil’s power, and infrastructure was built around the need to transport it.

Topics: cloud accounting Botkeeper For Dummies
7 min read

Tech vs. Humans: How to Divvy Up the Accounting Work

By Jessica King on Nov 3, 2020 11:00:00 AM

When we talk about automation technology, it’s easy to let our imaginations run wild and jump to the distant future when bots might be able to operate independently from humans. But despite huge advances in automation technology, we’re not there yet, and we still need humans!

Topics: automation automated accounting human-assisted AI automation for CPA firms
6 min read

Everything You Need to Know About Machine Learning and How it Can Help Your Accounting Firm

By Jessica King on Oct 29, 2020 10:30:00 AM

We might be a bit biased, but we think technology is an accounting firm’s best bet for achieving real growth in a short amount of time. In short, the output of automation is more time for humans, which creates new opportunities for firm growth.

Topics: machine learning CPA firm greatness machine learning for accountants CPA firm growth CPA firm automation
7 min read

3 Ways COVID-19 Will Change the Future of Accounting Firms

By Jessica King on Oct 27, 2020 10:30:00 AM

On January 1, 2020, the Journal of Accountancy wrote that "Technology is going to bring huge changes in the 2020s." When the author wrote those words, they were thinking 5G, machine learning, and blockchain. 

Topics: COVID-19 Accounting firm transformation accounting firm predictions
6 min read

Bots Need Data: Training Makes Them Smarter & More Accurate

By Jody Padar on Oct 22, 2020 4:59:24 PM

Have you ever seen the movie How to Train Your Dragon? A young Viking boy, who has grown up fearing dragons, meets one in the wild. Over time, he develops an understanding of the creature and learns how to communicate with him, and eventually both overcome their fear of the other and work together to reset the course of their village’s future. Sounds a bit like scary technology reshaping our industry, doesn’t it?

Topics: accounting automation Botkeeper For Dummies Botkeeping℠
5 min read

Botkeeper Introduces the New Transaction Manager Tool

By Kierstyn Kalman on Oct 20, 2020 12:30:41 PM

With all that’s gone on—with all that’s still going on—most accounting professionals are busier than ever. On one hand, your business clients need financial clarity and trusted advice more than ever, representing unprecedented growth opportunities with new client acquisition and increased advisory revenue. 

Topics: transaction manager categorizing transactions botkeeper tools product update Botkeeping℠
6 min read

Why Automation is a Game Changer for Accounting Firms

By Jody Padar on Oct 15, 2020 11:00:00 AM

Automation is reshaping the future of accounting.

There is no denying it. We know it. CPAs know it, even if they’re unsure about what it means or how to implement it. Technology is helping to spur innovation in an industry so often left behind. And while I get that this can be scary, we have no choice but to embrace the shift and find ways to make automation work for us.

Topics: interview accounting automation Botkeeper For Dummies
9 min read

So You’ve Partnered With Botkeeper—Now What?

By Kierstyn Kalman on Oct 13, 2020 10:30:00 AM

Earlier this summer, as an escape from the mask city life, my boyfriend and I decided to take a ride to Cape Cod and hike the Dune Shacks Trail. I still remember how impossibly far the inlet to the water was when we first started our journey. Up and down over massive sand dunes, it felt like we would never reach our destination. However, knowing the relaxation that lay ahead (and of course, the wine!) kept me going until we finally reached that amazing beach on the other side of the dunes. It was a picture-perfect moment, as captured above. (Cheeze!)

Topics: Botkeeping℠ tutorial Botkeeper onboarding Accounting Partner
7 min read

CPA Firm Transformation and Change Management

By Jody Padar on Oct 8, 2020 10:00:00 AM

Topics: Botkeeper For Dummies accounting firm automation Accounting firm transformation
8 min read

Preparing for the 2021 Tax Season Based on the Lessons of 2020

By Aaron Sullivan on Oct 7, 2020 4:00:00 PM

So far in 2020, accounting firms—like the rest of the global population—have had more ups and downs than a New York elevator, and there’s no sign that things might level out anytime soon. In fact, based on this year’s uncertainty, many experts believe the 2021 tax season will pack its fair share of complexities, as well.

Topics: COVID-19 2020 accounting lessons 2021 tax season
8 min read

5 Accounting Firms Thriving During COVID

By Aaron Sullivan on Oct 1, 2020 1:00:00 PM

Back in early 2020 when the entire world began to shut down because of the pandemic, accounting firms were already in the swing of their busiest season. They were handling tax write-ups and helping clients prepare their filings when suddenly, other clients were coming out of the woodwork in a panic. They urgently needed help navigating an entirely different situation—one that would test how well they had planned and how strong their business really was.

Topics: roundup COVID-19 accounting firm greatness
6 min read

What is Automated Bookkeeping and How Do I Integrate it into my Accounting Firm?

By Jessica King on Sep 30, 2020 10:00:00 AM

Do you know what automated bookkeeping is or how it benefits accounting firms?

Don’t worry—you’re not alone. Lots of people have questions about what exactly automated bookkeeping is. To help, we've put together a quick, simple overview of how automated bookkeeping works and how accounting firms can easily integrate it into their existing business practices.

Let’s jump in!

Topics: Automated Bookkeeping accounting firm automation getting started
7 min read

The Top 4 Bookkeeping Mistakes Costing You Money—and How to Stop Them

By Jessica King on Sep 24, 2020 1:00:00 PM

When we think about the most successful accounting firms and businesses, we think of those that have it all together. They operate effortlessly and have everything in order...or so it seems.

The reality is that they’re successful because they’ve figured out how to overcome numerous obstacles, including money leaks in their back office.

Topics: bookkeeping mistakes Bookkeeping Challenges Money Leaks
7 min read

Botkeeper for Dummies is a Roadmap for CPA Firm Transformation

By Jody Padar on Sep 24, 2020 9:43:00 AM

On September 16, we finally got to tell the world about Botkeeper For Dummies. From the beginning of this process, we knew that Botkeeper For Dummies was more than just a book. It’s an introduction into how CPA firms can transform themselves into the firm of the future. Knowing how tough this is to wrap our heads around, Botkeeper For Dummies really helps CPAs and accountants understand and visualize unknown, maybe scary technology.

Topics: accounting automation Botkeeper For Dummies Botkeeping℠ CPA firm transformation
7 min read

3 Steps to Developing a Forward-Thinking Virtual Firm

By Jessica King on Sep 21, 2020 2:59:38 PM

The CPA firm of the future will likely look much different than how firms have looked for the past several years—and that doesn't have to be a bad thing! If the COVID-19 crisis has taught us anything, it’s that a virtual CPA firm is not only possible, but it’s necessary.

Topics: automated accounting COVID-19 remote firm Virtual accounting firm
2 min read

Botkeeper for Dummies: New Book Helps CPA Firms Transform and Scale

By Jody Padar on Sep 16, 2020 2:47:00 PM

Get Your Copy Today.

After two and a half years, four authors and countless revisions, Botkeeper for Dummies has finally been published! This book has been a true labor of love, and its premise is what attracted me to Botkeeper in the first place – providing every accountant with the tools and technology to transform their firms and take client service to a whole new level. This book takes the guesswork out of how to apply the concepts of ‘Botkeeping’ – bookkeeping with bots – and gives readers an easy-to-understand crash course in AI, machine learning and what they can do for accounting.

Topics: Botkeeper For Dummies Botkeeping℠ CPA firm transformation accounting firm automation
9 min read

Talent + Tech: How to Plan for the Accountant Shortage of 2021

By Kalie Souknary on Sep 9, 2020 1:00:00 PM

It was already predicted that in 2020, we would see a shortage of accountants within the industry. With COVID-19 causing a record high in unemployment, Accounting Today reported professional and business services shed 2.1 million jobs in April of this year, including nearly 68,000 in accounting and bookkeeping.

We're already seeing the shortage take effect—the U.S. Bureau of Labor Statistics reports that year-over-year growth for accounting and bookkeeping services is down almost 2%

If it’s possible to compensate for emerging shortage, accounting firms will have to adjust their hiring process in order to do so.

Topics: COVID-19 hiring accountant retention CPA firm success
2 min read

Botkeeper For Dummies Launch Event September 16

By Aaron Sullivan on Sep 4, 2020 3:45:00 PM

We’re on a mission to help streamline and scale bookkeeping in the accounting industry, and we’re turning every page in our library of resources to do exactly that. Actually—we’re filling the pages with our insights on automated bookkeeping!

That’s right—we wrote a book about automated bookkeeping and its role in the accounting industry.

Topics: Botkeeper For Dummies Botkeeping℠ Botkeeper book
17 min read

19 Common Misconceptions About Botkeeper

By Aaron Sullivan on Sep 2, 2020 1:30:00 PM

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?

It happens all the time.

Topics: Automated Bookkeeping AI for Accounting Botkeeper reviews listen on the go fake news
8 min read

10 Compelling Reasons to Automate Bookkeeping in Your Accounting Services

By Jessica King on Aug 28, 2020 2:00:00 PM

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.

Topics: Automated Bookkeeping Accounting firm growth listen on the go CPA firm greatness
7 min read

The Anatomy of a Great CPA Firm Explained

By Jessica King on Aug 25, 2020 11:00:00 AM

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?

Topics: work-life balance listen on the go CPA firm advice CPA firm greatness accounting firm automation
7 min read

8 Tips for Getting Your Firm Acquired

By Jessica King on Aug 13, 2020 1:30:00 PM

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.

Regardless of why you're interested in getting your CPA firm acquired, it's important to understand that the process can look different depending on your level of preparedness. This article will cover eight tips to help you prepare your firm for acquisition.

Topics: Accounting firm tips listen on the go cpa firm mergers and acquisitions acquisition
2 min read

Botkeeper Is Named No. 850 on Inc. 5000

By Aaron Sullivan on Aug 13, 2020 10:45:00 AM

Exciting news out of New York this morning:

Botkeeper has been included in the Inc. 5000 list of fastest growing companies in America.

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million.

Topics: business growth Inc. 5000 Botkeeper awards announcement
7 min read

5 Questions CPA Firms Should Consider Before Returning to Work

By Justworks on Aug 11, 2020 10:30:00 AM

Returning to work is on the minds of many, along with questions around how to approach the task. It won’t be easy for anyone, but those who lack the knowledge and experience around employment policies and regulations may find it even more difficult to navigate.

If you’re uncertain about how to begin planning for your firm’s return to work, consider the following five questions and our insights as you get started.

Topics: remote work Justworks HR for CPA firms reopening your CPA firm human resources
6 min read

COVID-19 and Beyond: Big Decisions for CPA firms

By Jessica King on Aug 5, 2020 10:30:00 AM

The coronavirus pandemic is pushing people from every industry (and all walks of life) to make big changes to the way things work. For accounting firms, those changes are starting to center around innovation, a little discipline, and lots of blending of old and new accounting methodologies.

Topics: accounting advice COVID-19 cpa firm CPA firm advice
8 min read

Reopening Your CPA Firm After COVID: Expectations vs. Reality

By Jessica King on Aug 4, 2020 10:00:00 AM

At some point in life, everyone experiences the disappointment that comes when they realize their expectations didn't align with reality. Especially these days, it's difficult to make your hopes and the real world line up.

Topics: Accounting firm tips COVID-19 reopening cpa firm
8 min read

PPP and ADP Are Making Payroll Sexy…Finally

By Jody Padar on Aug 3, 2020 10:45:00 AM

Recently I talked all things related to the Paycheck Protection Program (PPP)—from loan application to forgiveness—with ADP's service specialist, Erron Stark, who delivers first-class services and solutions to the accounting community nationwide.

Topics: Accounting firm tips COVID-19 cpalove
3 min read

CPA Firm Leadership: How to Address Layoffs

By Jody Padar on Jul 30, 2020 10:00:00 AM

There's been a lot of energy put toward modeling our economy during the COVID-19 crisis on past events, whether it be the Great Recession or the Great Depression. Either way, those models cannot anticipate the trajectory of this virus, nor can they quell the anxiety of financial advisors. Here, Jordan Birnbaum, ADP’s inhouse behavioral economist, shares his thoughts on how to lead during a global health and financial crisis.

Topics: The Radical CPA Leadership Accounting firm tips COVID-19 cpalove
8 min read

Is Your CPA Firm’s Culture Intact?

By Jody Padar on Jul 28, 2020 2:06:07 PM

CPA firms are looking at the future of their businesses and coming to terms with new realities; working remotely, implementing rotating schedules, and an infinite number of hybrid options are looming large on the horizon. At stake in these new operating scenarios are management styles, firm culture, and employee assessments to name a few. To get to the bottom of what your firm’s objectives are and how to get your employees to strive for achievement, I talked to Jordan Birnbaum, ADP’s inhouse behavioral economist.

Topics: Accounting firm tips COVID-19 cpalove Accounting firm culture
3 min read

Botkeeper Celebrates Five Years & Accounting

By Aaron Sullivan on Jul 27, 2020 11:18:29 AM


It all started with a near disaster—a cash catastrophe, if you will.

Botkeeper CEO and cofounder Enrico Palmerino was running a previous startup called ThinkLite, which was doing well and growing faster than most startups. But the company’s rapid growth meant that it was difficult to keep up with all their accounting needs. To sum it up, Enrico and team ran out of cash because they had no insight into what their cash flow or balance was due to delayed financials.

Topics: automation Anniversary five year anniversary Botkeeper history
6 min read

Accountant’s Guide to Zapier: Adding New Clients to a Marketing Welcome Campaign in Mailchimp

By Ben Wright on Jul 24, 2020 10:00:00 AM

A new client is added to QBO, and simultaneously that client is added to your marketing welcome campaign in Mailchimp.

It’s always a good idea to welcome new clients to your business in some personal manner. It makes them feel like they’re going to be treated well in their brand new relationship with you, and it helps answer any on-boarding questions before they arise.

Topics: automation zapier automation series accounting firm marketing mailchimp
9 min read

Do You Have Info ROT? What It Is & How To Avoid It

By Aaron Sullivan on Jul 21, 2020 10:00:00 AM

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!

Topics: automated accounting listen on the go Information rot data rot document storage
8 min read

What AI & ML Are Doing Today to Shape the Future of Accounting

By Erica Sunarjo on Jul 16, 2020 10:00:00 AM

As more and more companies and accounting firms are looking for solutions to speed up various business processes, accounting automation through artificial intelligence (AI) is inevitable.

Topics: artificial intelligence AI for Accounting accounting automation
5 min read

Botkeeper Joins the FDX to Help Drive the Future of Financial Data Management

By Aaron Sullivan on Jul 14, 2020 1:30:00 PM

As a leader in the accounting automation space, we’re overjoyed to join the Financial Data Exchange (FDX), a nonprofit dedicated to unifying the financial industry around a common, interoperable, royalty-free standard for secure and convenient consumer and business access to their financial data.

Topics: Bookkeeping Automated Bookkeeping the future of bookkeeping FDX Financial data exchange
10 min read

How Social Media Can Give Your Accounting Firm a Boost

By Kalie Souknary on Jul 10, 2020 11:56:19 AM

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.

Truth be told: we get it.

Topics: social media listen on the go social media for accountants accounting social media
4 min read

Botkeeper Achieves SOC 2 Type 1 Attestation

By Jessica King on Jul 1, 2020 9:03:52 AM

We are thrilled to announce that Botkeeper has successfully completed an audit established by the American Institute of Certified Public Accountants (AICPA) to certify its SOC 2 Type I compliance for our automated bookkeeping platform! This audit will enable us continue to help Accounting Professionals grow their firms, improve margins, and deliver better service to their clients by augmenting manual and tedious bookkeeping work, in a safe and secure environment. Our clients can get their bookkeeping needs met knowing they're backed by the highest quality standards in the space. 

Topics: Bookkeeping Botkeeper reviews accounting technology Accounting firm growth automated accounting Cybersecurity
4 min read

Using Technology to Evolve the Accounting Sector—An Interview With Enrico Palmerino

By Ton Dobbe on Jun 30, 2020 10:30:00 AM

The following is a guest contribution from our friend Ton Dobbe, founder and Chief Inspiration Officer at Value Inspiration. And if you'd like to listen to the podcast interview, click here.

Every week I interview entrepreneurs and experts from around the world to share their big ideas about new forms of value creation and the potential we can unlock when technology augments the unique strengths of people to deliver remarkable impact.

Topics: accounting technology accounting insights guest blog value creation
15 min read

What We Know About ROI: A New Approach for the CPA

By Aaron Sullivan on Jun 23, 2020 10:30:00 AM

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.

Topics: accounting technology listen on the go Return on investment ROI accounting firm software
3 min read

Botkeeper Brings the Future of Bookkeeping Closer With $25 Million Series B Funding

By Jessica King on Jun 18, 2020 8:10:00 AM

We’re bursting with excitement to announce that Botkeeper has raised a Series B round of $25 million from a group of awesome investors, which will propel our vision of growing the amazing Botkeeper community, further our mission of building the future of bookkeeping, and double down on engineering and product development for our Accounting Partners.

Topics: funding automated accounting crowdfunding Series B the future of bookkeeping
2 min read

It’s Time to Speak Up: A Note From Our CEO

By Enrico Palmerino on Jun 3, 2020 3:52:00 PM

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. This is a vital component to our company culture and a standard that I, as a CEO, team member, friend, brother, son, husband, and father, hold dear. For that reason, we as an organization have always been delicate with our publicized stance on areas of politics or social happenings—it has never really struck me as “fair" to speak for a large group of people or summarize what is often a complex and multi-layered subject. This said, I feel it’s important to post this.

Topics: listen on the go
7 min read

Accountant’s Guide to Zapier: How to Automate Repetitive Tasks

By Ben Wright on Jun 3, 2020 10:59:23 AM

Imagine…a new client is entered by one of your bookkeepers into QuickBooks Online (QBO), and you’re automatically emailed a notification acknowledging the action. But not only that—you also learn that they’ve been added to a running Google spreadsheet of all your current clients.

This scenario, and many more, are easy to achieve using a type of middleware integration software like Zapier. In this article, we’ll explain how easy it is to set that automation up, and we'll show you some other ideas, too.

Let's jump in!

Topics: automation zapier automation series
2 min read

Selecting an Automated Accounting Solution | An Accountant's Guide

By Botkeeper on May 29, 2020 10:00:00 AM

There used to be this notion in accounting that if you were an early adapter to technology, you were considered progressive. Industry veterans might have looked at you as though you were some foolhardy explorer on a wasteful quest to burn budget on sleek tools—only to produce mediocre results (at best).

Topics: Ebook artificial intelligence Automated Bookkeeping automated accounting solutions white paper
3 min read

Artificial Intelligence is the Future of Accounting with Jody Padar

By Botkeeper on May 27, 2020 12:00:00 PM

This blog post was originally published on The Change Your Mindset Podcast hosted by Peter Margaritis.

Can artificial intelligence enhance your accounting practice? It absolutely can. Jody Padar is the VP of Strategy with Botkeeper, a company that combines artificial intelligence and machine learning technology with high-quality skilled accountants to deliver a full suite of bookkeeping and pre-accounting solutions to accounting firms and their clients. She’s also the author of “The Radical CPA: New Rules for the Future-Ready Firm,” a book that sparked a movement within the accounting profession focused on four tenets: cloud technology, social business, value pricing, and process.

7 min read

Accounting Automation: Expectations Vs. Reality

By Dominic LoBianco on May 20, 2020 3:26:40 PM

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. With artificial intelligence, machine learning, and robotic process automation being used to take on traditionally laborious work, today’s accounting professionals and business owners now have the ability to complete far more tasks in a much shorter period of time.

Topics: accounting technology Accounting firm growth automated accounting listen on the go
11 min read

The Advanced Guide to Automation in the Accounting Industry

By Botkeeper on May 18, 2020 2:08:00 PM

Like the transition from the abacus to the calculator, the accounting industry eagerly embraces changing technology—and the ability to make accountants' lives easier. Just as accountants embraced the convenience of spreadsheet technology, so a new generation of accountants is taking advantage of the latest advance in technology: automation. 
Topics: Ebook artificial intelligence machine learning automated accounting Accounting firm tips
11 min read

How Changing Compliance Software Will Impact Accounting in the Future

By Botkeeper on May 15, 2020 1:30:00 PM

Compliance refers to ensuring that a company’s practices are well in line with the current legal and financial regulations. These can include federal, state, and international law. Remaining compliant might also mean upgrading or updating old hardware and software to ensure efficiency.

Topics: Ebook regulatory change management software changing compliance software
8 min read

Breaking Down Blockchain for Accountants in 2020—and Beyond

By Botkeeper on May 13, 2020 1:30:00 PM

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.

Topics: Ebook accounting technology automated accounting listen on the go Blockchain
7 min read

Life Post-COVID: Lasting Effects on the Accounting World

By Jody Padar on May 12, 2020 1:30:00 PM

CONTENT CREATED WITH LOVE FROM ADP
Have you been wondering how the accounting world will be impacted over the coming months and years by the pandemic?
 
To find out, I sat down with Dan Hood, editor-in-chief of Accounting Today. With more than 20 years of experience covering the accounting industry, Dan has covered many financial dips, and he shared the latest from Accounting Today’s Accounts Confidence Index (ACI) done in conjunction with ADP.
Topics: The Radical CPA accounting advice COVID-19 cpa cpalove
8 min read

An Introductory Guide to Artificial Intelligence in Accounting

By Botkeeper on May 8, 2020 2:30:00 PM

According to recent statistics, 82% of businesses are failing as a direct result of mismanaged profit and cash flow. While this is a scary statistic for business owners, you'll be happy to know that there are some very simple ways that you can ensure this doesn't happen to you.

Topics: Ebook AI for Accounting automated accounting bookkeeping for accounting firms,
4 min read

COVID-19...The Great Disruptor

By Jody Padar on May 6, 2020 2:00:00 PM

Content Created with Love from ADP

The Financial advisory world is on the frontlines of the financial crisis, and the disparity between those firms that already took the leap to cloud-based tech and those that did not is huge! Tom Hood’s emphasis is not how to be ready for the day you're walking into, but how to be ready for the future, tech included. He’s going to layout simple ways to get you through COVID mania and how to make your firm #FutureReady. Jody Padar sat down with Tom Hood, executive director and CEO of the Maryland Association of CPAs to discuss how.

Topics: coronavirus accounting advice COVID-19 cpa cpalove
6 min read

Tips for Maintaining Bookkeeping Disciplines When Your Client Base Doubles

By Aaron Sullivan on Apr 29, 2020 11:30:00 AM

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.
Topics: Automated Bookkeeping scalability Accounting firm growth outsourced bookkeeping Accounting firm tips listen on the go
5 min read

Let's Talk About Ethics, Baby

By Jody Padar on Apr 24, 2020 5:01:37 PM

Gretchen Pisano, pLink Leadership founder and executive guru, is back to help us navigate through the ethics of PPP Loans, CARES Act, and whatever comes next. Let’s jump right in!

Topics: coronavirus paycheck protection COVID-19 cpa cpalove
6 min read

How to Beat the Big Firms by Leveraging Accounting Tech

By Aaron Sullivan on Apr 22, 2020 1:30:00 PM

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 (check out her Twitter and LinkedIn pages), she’s passionate about leveraging quality technology to create a better accounting firm.

Topics: accounting technology The Radical CPA Accounting firm growth Accounting advisory services
5 min read

Protecting Your Accounting Firm From New COVID-19 Cybersecurity Threats

By Kalie Souknary on Apr 16, 2020 10:30:00 AM

Both the United States’ Cybersecurity Infrastructure Security Agency (CISA) and the United Kingdom’s National Cyber Security Centre (NCSC) are seeing a growing use of COVID-19-related themes by malicious cyber actors. Cyber threat actors are acting as trusted entities, sending out phishing messages or malicious applications. Cybercriminals are using the pandemic for commercial gain, deploying ransomware and other malware. These actors are targeting individual users, small- to medium-size enterprises, and large corporations.

(Basically, everyone.)

Topics: Accounting firm tips coronavirus Cybersecurity COVID-19
3 min read

Botkeeper Welcomes Boston-Based Intellistack Into Partner Ecosystem

By Jessica King on Apr 15, 2020 11:07:02 AM

Boston, MA – Today, IntelliStack announces that it has now joined the Botkeeper Partner Program Ecosystem. Botkeeper, a leading automated bookkeeping solution, works hand-in-hand with Accounting Firms to help grow their business, improve margins, and deliver better service to their clients by augmenting manual and tedious bookkeeping work. Clients benefit from superior software, improved accuracy (99.96%), faster processing, and more in-depth reporting and analytics. Botkeeper partners with independent Accounting Firms, CFOs, and technology companies to provide them with a scalable and cost-effective bookkeeping solution for their clients.

Topics: outsourced bookkeeping cpa
3 min read

An Introduction to Mental Health: Have You Ugly Cried Yet?

By Jody Padar on Apr 15, 2020 9:45:00 AM

April 15, 2020 was not met by the collective sighs of CPAs nationwide nor the acknowledgment of arduous work done well for the nation’s millions of taxpayers. This April 15th marked an indistinguishable day amongst many of social distancing, sheltering in place, and bearing witness to the sudden collapse of a robust economy.  

Topics: The Radical CPA coronavirus leadership tips work from home cpalove
3 min read

When the Rules No Longer Apply, Be Like a Startup

By Jody Padar on Apr 9, 2020 10:30:00 AM

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?

Topics: The Radical CPA Accounting firm tips coronavirus leadership tips listen on the go accounting insights COVID-19 cpalove
3 min read

Avoiding Virtual Pitfalls: The Art of the Pivot

By Jody Padar on Apr 8, 2020 9:00:00 AM

Gretchen Pisano’s pointer for nailing the pivot and common missteps: Every new day is an opportunity to communicate and support your clients.

Topics: The Radical CPA coronavirus leadership tips work from home cpalove
12 min read

10 Marketing Tactics for Accountants During COVID-19

By Kierstyn Kalman on Apr 7, 2020 10:30:00 AM

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.
Topics: Accounting firm tips coronavirus COVID-19 marketing tips marketing for accountants
3 min read

7 Ways Accountants Can Help Their Clients Survive

By Jody Padar on Apr 6, 2020 9:00:00 AM

“What we're seeing now is unprecedented, unplanned for, uncalled for, and there was just no way to ever anticipate or prepare for it. Things are different… We have to adapt and we have to do that immediately and on the fly. We can't think about what it was like yesterday or what we would like it to be, or what we want it to be. We have to look at what it is now. And I think for a lot of people, it's just about survival.” —Ed Mendlowitz, Partner Emeritus at Withum, Smith, & Brown

Topics: The Radical CPA Accounting firm tips coronavirus cpalove
4 min read

Best Practices to Next Practices: How to Gauge & Assuage Client Fears

By Botkeeper on Apr 3, 2020 1:12:35 PM

Gretchen Pisano sat down, metaphorically, with Botkeeper’s Jody Padar to examine uncertainty as it relates to the intimate relationship between CPA and client. At this stage in the COVID-19 trajectory, fear and anxiety are transforming otherwise level-headed decision makers into erratic, uncertain, paralyzed citizens.

Topics: The Radical CPA coronavirus Accounting firm leadership accounting insights
12 min read

Cybersecurity & COVID-19: What Accounting Firms Should Watch Out For

By Aaron Sullivan on Apr 1, 2020 1:30:00 PM

We’re in a new era of work in America, and like all periods of swift change that came before this one, there’s no guidebook to reference.

However, there are plenty of experts to offer their takes on the best steps forward. Two of those experts are CPA Jody Padar and Botkeeper Chief Technology Officer Justin Whitehead. Recently, the two met virtually to talk about ongoing cyberthreats facing remote workers, in particular remote accounting firms.

Topics: interview The Radical CPA coronavirus accounting advice Cybersecurity accounting insights
4 min read

How to Find Your Leadership Zen in a Pandemic

By Jody Padar on Mar 31, 2020 9:15:00 AM

Last week Botkeeper sat down with strategic development consultant and pLink Leadership CEO, Gretchen Pisano. Pisano is uniquely qualified to assist us through this moment of uncertainty because she pairs her leadership acumen with a master’s degree in applied psychology from the University of Pennsylvania. Here are some of her tips for leading and advising through COVID-19. 

Topics: The Radical CPA remote work coronavirus cpalove
3 min read

Change in the Time of COVID-19…Could Something Good Come out of This?

By Jody Padar on Mar 31, 2020 9:00:00 AM

Here at Botkeeper, we are seeing a lot of professional/technological shifts at the moment, which reposition leadership responsibilities. We had Gretchen Pisano of pLink Leadership walk us through some changes in the field and even point out some...dare we say it…positives…? Let's not jinx it!

Topics: The Radical CPA coronavirus work from home cpalove
11 min read

7 Tips for Running a Remote Team During the COVID-19 Crisis

By Aaron Sullivan on Mar 27, 2020 1:15:00 PM

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.

But all that’s changed, which means your leadership style will likely need to change, too.

Topics: The Radical CPA coronavirus leadership tips Accounting firm leadership work from home
6 min read

G&N Insurance Saves 50+ Hours Each Month With Botkeeper's Solution

By Kierstyn Kalman on Mar 24, 2020 10:30:00 AM

Zack Gould, co-founder of G&N Insurance, a home, auto, and commercial insurance provider, was spending 10+ hours per 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.

Topics: Automated Bookkeeping case study bookkeeping for insurance listen on the go
18 min read

Botkeeper vs. Veryfi — Which One Is Right for Your Business?

By Kierstyn Kalman on Mar 23, 2020 2:00:00 PM

Watching the accounting space over the last 5 years has been quite a whirlwind for an industry that was like a dinosaur for more than a decade! Within those prehistoric times, many accounting firm and business owners associated doing their books with the words “time-consuming” and “tedious,” and it makes sense—to this day, many accounting firms rely on spreadsheets to manage their clients’ books. Can you believe that?!

Topics: Automated Bookkeeping Product comparison outsourced bookkeeping
10 min read

Why You Should Practice Accounting Advisory With Emotion

By Aaron Sullivan on Mar 18, 2020 8:58:00 AM


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.

Topics: The Radical CPA Accounting advisory services Emotional advisory Accounting firm tips coronavirus listen on the go
4 min read

Protobi Hired Botkeeper to Save Time—And It worked!

By Kierstyn Kalman on Mar 16, 2020 1:04:00 PM

Protobi, a survey analytics application, was using a traditional bookkeeping firm to manage its books prior to enlisting Botkeeper, but they weren’t getting the full-service experience they sought. The company decided to replace the bookkeeping firm with Botkeeper, an automated bookkeeping solution. As a result, Protobi was able to customize their bookkeeping package, including creating a streamlined automated invoice process for their customers and getting the real-time financial insights that they needed in order to make good business decisions and continue to scale.

Topics: Automated Bookkeeping case study Accounting for small businesses complete bookkeeping solution time-saving bookkeeping
13 min read

Handling Coronavirus | 9 Steps to Prepare Your Accounting Firm

By Aaron Sullivan on Mar 13, 2020 4:07:59 PM

With the continued spread of a coronavirus known as COVID-19, more and more accounting firms and businesses are facing remote work for the next few weeks. While working remotely isn’t a new concept to many industries—tech engineering, medical transcription, digital marketing, etc.—it’s still fairly uncommon for accounting firms.

Topics: remote work accounting expert tips Accounting firm tips
7 min read

The Income Statement: A Guide for Accountants & Business Owners

By Aaron Sullivan on Mar 11, 2020 11:21:48 AM

Accounting professionals understand the importance of an accurate income statement...it's a bit like a thermometer—you can use it to gauge whether things are going well or if your company is at risk of going under. But do business owners get it? (If you're an accountant reading this post, share it with your clients!)

Topics: Automated Bookkeeping accounting definitions income statement accounting reports
6 min read

How to Use Tech to Organize Your Business Finances

By Aaron Sullivan on Mar 6, 2020 5:17:09 PM

Whether you’re an owner or an accounting professional helping business owners, it’s no surprise that running a company requires wearing a lot of hats—manager, sales associate, HR coordinator, operations analyst. It can quickly become exhausting and overwhelming! 

Topics: Automated Bookkeeping accounting technology bookkeeping for accounting firms, financial technology
5 min read

Tm2 Saves 30 Hours A Week with Botkeeper’s Accounting Partner Program

By Kierstyn Kalman on Mar 3, 2020 10:30:00 AM

Tm2 Accounting Solutions in Nashville, Tenn., was developed out of the idea that there’s a better way to serve and meet clients’ financial and tax needs. It started as merely a side gig for business and real-life partners Tiffany and Kristopher Miller, but it quickly grew into a flourishing boutique accounting firm.

Topics: Automated Bookkeeping case study Accounting firm bookkeeping for accounting firms, listen on the go
6 min read

FINCURA Expects to Save $50k With Botkeeper

By Aaron Sullivan on Feb 26, 2020 3:08:09 PM

Whether you're a business owner, or accounting professional- if you don’t like the way something’s done, you have a few options: suck it up and deal with it, suggest changes and hope for the best, or shake the system up by creating a new solution—preferably a better one.

Topics: machine learning Automated Bookkeeping case study Botkeeper reviews Fintech
12 min read

Don't Make These 10 Affiliate Marketing Mistakes

By Vanessa Gershbein on Feb 18, 2020 4:37:38 PM

You work hard for the money, just like most people. But are you working hard doing what you want to do to make that money? Do you have a sizable following on social media that you think could benefit from your helpful product reviews? Affiliate marketing could be exactly what you’re looking for! 

Topics: Affiliate marketing moneymaking tips passive income botkeeper recommendations content creation
4 min read

'Botkeeper Allows Me to Be a Better Dentist'

By Kierstyn Kalman on Feb 13, 2020 10:30:00 AM

Most people don’t like going to the dentist. Admittedly, we’re among “most people” and would rather sit in traffic than a dentist’s chair. In fact, here are some of the thoughts that float around our human heads (our bots don’t have teeth) before we visit the dentist; we’re sure you can relate.

Topics: Automated Bookkeeping case study accounting for dental practice Bookkeeping for dentists dental bookkeeping
6 min read

Business Budget Essentials: A Guide to the Cost of Employee Benefits

By Aaron Sullivan on Feb 11, 2020 10:00:00 AM

What’s the secret recipe for keeping your employees happy? Some might think it’s as simple as bringing in a ping pong table and free lunch, but a 2017 study of more than 500 employees showed that health benefits, paid time off, and a 401(k) plan are more important to employees than office perks.

So how do you keep your staff happy? You want your company to thrive, and you want to keep the top-tier talent in-house by ensuring their happiness in ways other companies aren’t able to.

Topics: Automated Bookkeeping how much are employee benefits budgeting Employee benefits
14 min read

How to Create Affiliate Marketing Content That Sells

By Vanessa Gershbein on Feb 6, 2020 11:58:59 AM

Have you ever noticed how a lot of online recipes require a specific brand's tool or ingredient? Like a specific cookie cutter for making snickerdoodles or a particular can of spicy tomatoes for that game-day dip? Usually, the recipe comes with a link to purchase that product.

That's affiliate marketing!

Topics: Affiliate marketing moneymaking tips passive income botkeeper recommendations content creation
4 min read

Achen Henderson Expects $600k in New Revenue with Botkeeper

By Aaron Sullivan on Feb 4, 2020 4:23:30 PM

Since 2013, Calgary, Alberta-based Achen Henderson CPAs has been focused on helping business leaders and entrepreneurs take their organizations to the next level. The firm offers customized services to fit the needs of each client, providing a high-performance virtual accounting solution that’s tailored for growth. But Achen Henderson CPAs didn’t start out that way.

Topics: Automated Bookkeeping case study scalability client success
13 min read

Healthcare Wave-Makers: Who Made the List?

By Yanik Fati on Jan 30, 2020 2:00:14 PM

When people think of what contributes to their happiness, they’ll typically list off a handful of different items: love, family, housing, financial security, and health. Now, we’ll stay in our lane when it comes to pretty much everything in that list, but at Botkeeper, we’re doing our part to help businesses of all shapes and sizes tackle financial security by scaling efficiently and sustainably.

Topics: roundup Botkeeper reviews healthcare accounting healthcare bookkeeping bookkeeping for healthcare
9 min read

The Ultimate Guide to Getting Your Small Business Funded

By Kalie Souknary on Jan 28, 2020 10:30:00 AM

You’ve finally decided to take the jump and open your own small business. The excitement is overwhelming, but you know you’re ready. The only thing is, you don’t exactly know where to start with funding. The ideal way would be to fund it completely out of pocket, but if that’s not possible for you (don’t worry—it’s not possible for most!), what do you do? Do you crowd source the money? Do you apply for loans? What type of loan can you apply for? Are there any grants available to help save you from taking out too many loans? 

Topics: small business bookkeeping small business funding angel investors crowdfunding small business grant small business loan
6 min read

Job Costing Advantages & Disadvantages: Is It Right for Your Construction Company?

By Aaron Sullivan on Jan 23, 2020 2:45:00 PM

Owning a company is like owning anything else: you love some aspects of it, and you despise others. We hear about the best and worst parts of ownership/leadership all the time, and everyone seems to agree that the worst part is managing accounting. (The best parts? Autonomy and office snacks, obviously.)

Topics: construction accounting construction bookkeeping
2 min read

Case Study: How the Radical CPA Grew by 7x

By Aaron Sullivan on Jan 22, 2020 2:00:00 PM

Before Jody Padar joined her father’s Chicago-based CPA firm, the bulk of their work and focus was on helping clients with tax prep and filing. There was no innovation, and certainly no time to explore new growth opportunities for a small firm with limited options.

Topics: Automated Bookkeeping case study The Radical CPA
8 min read

Should Nonprofits Use Cash or Accrual Accounting?

By Aaron Sullivan on Jan 16, 2020 9:07:00 AM

If you're a nonprofit, you know better than anyone how your requirements and struggles are unique. At any given time, countless tasks demand your time, attention, and money—and that's on top of fundraisers and other charitable and social events. 

Topics: cash vs accrual nonprofit bookkeeping nonprofit accounting income statement for nonprofit
9 min read

Everything You Need to Know About Recording In-Kind Donations for Nonprofits

By Aaron Sullivan on Jan 9, 2020 2:00:00 PM

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! 

But recording them? That’s a different story.

Topics: nonprofit bookkeeping nonprofit accounting in-kind donations for nonprofits in-kind contribution accounting listen on the go
11 min read

When Things Don't Add Up: How to Navigate Common SaaS Accounting Challenges

By Aaron Sullivan on Jan 7, 2020 9:05:00 AM

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.

Topics: accounting for software companies SaaS automated bookkeeping SaaS accounting challenges software as a service
9 min read

Closing the Books: Year-End Accounting Tips

By Jessica King on Dec 26, 2019 2:45:53 PM

Here's a fun fact for your holiday reflection: according to the Bureau of Labor Statistics, there are over 1.3 million certified accountants in the US. While you may not be among their ranks, you can still learn some important skills from these hardworking professionals.

Topics: Bookkeeping Taxes tips bookkeeping tips
7 min read

What Percentage of Construction Costs Is Labor? Pricing Your Bids Correctly

By Aaron Sullivan on Dec 17, 2019 12:10:16 PM

Sometimes there’s truth to the old adage that if you want something done right, you do it yourself. And usually that’s when you’re working on a passion project that requires your own individual creativity. But smart business owners with growth mindsets know that delegating is actually one of the most important skills they could have.

Topics: construction accounting construction bookkeeping construction labor cost percent how to calculate labor cost formula listen on the go
6 min read

Accounting for Your Construction Company: Common Mistakes to Avoid

By Aaron Sullivan on Dec 5, 2019 3:29:09 PM

No matter what industry you’re in, accounting is one of those critical tasks that requires diligence and attention to detail. Needless to say, it’s not usually the favorite activity for most business owners or managers. Accounting for a construction company is even more complicated and often cumbersome. There are so many details, departments, and partners to consider that it’s a wonder anyone does it correctly at all!

Topics: accounting mistakes construction accounting automated accounting solutions construction bookkeeping
7 min read

How Accounts Payable Outsourcing Works and Why Your Business Needs It

By Aaron Sullivan on Nov 26, 2019 10:31:37 AM

Managing the relationships that your company has with suppliers and vendors is challenging. And the more vendors you have, the more at-risk you are for costly errors in your accounts payable process.

As your business grows, the complications that come with managing your accounts payable process in-house can slow down the growth of your business. If your company handles sensitive financial information, an accounts payable process that isn't high-functioning can even turn into a liability for your business to handle. It can become a bottleneck and slow everything down!

Topics: automated accounting accounts payable accounts payable outsourcing listen on the go
12 min read

9 Nonprofits With the Ultimate Mission Mindsets

By Yanik Fati on Nov 21, 2019 2:25:04 PM

In a world where it can seem like unfairness and inequality run rampant, it’s sometimes hard to find a glimmer of hope. Fortunately, there are good people and businesses out there working day and night to make the world a bit brighter and more hopeful for the rest of us. We’re talking about leaders in the nonprofit space that are putting their mission before their profit.

Topics: roundup Botkeeper reviews nonprofit accounting Automated bookkeeping for nonprofits
10 min read

Tax Education: Everything You Need to Know about the Federal Tax Deadline

By Aaron Sullivan on Nov 19, 2019 10:30:00 AM

Any American with a pulse knows that individuals and businesses pay a plethora of taxes. But it wasn't always that way. Even though taxes have been around since before the inauguration of the United States, they used to be much simpler.

Plus, there wasn't always a federal tax deadline. Crazy, right?!

Topics: tax planning Federal tax Deadline Income Tax Annual Taxes listen on the go
17 min read

The Best 35 Affiliate Marketing Programs of 2019

By Vanessa Gershbein on Nov 14, 2019 8:50:00 AM

Think of the last time you or your business made a big purchase. Did you seek out external confirmation from an expert, influencer, or a friend? Of course you did—most people do! You sought information from trusted resources, sometimes known as affiliate marketers because these resources can get paid for sharing their knowledge.

Topics: Affiliate marketing moneymaking tips passive income botkeeper recommendations
7 min read

Botlife: Why We Value Flexibility in the Workplace

By Aaron Sullivan on Nov 12, 2019 2:16:42 PM

“Bot” may be in our name, but robots aren’t necessarily our premium priority at Botkeeper. In fact, we have a whole team of humans behind the bots, and we put their happiness and quality of life right up there with creating and maintaining the revolutionary tech that is automated bookkeeping with a human touch.

Topics: Botlife workplace flexibility work-life balance working at botkeeper listen on the go
7 min read

Job Costing for Construction: What It Is & How It Helps

By Aaron Sullivan on Nov 6, 2019 2:45:00 PM

There are a lot of responsibilities that come with running a successful construction business, but job costing is one of the most important. It's sort of like planning out your grocery list for Thanksgiving dinner...you want to get just the right amounts of everything without breaking the bank. And like planning the perfect holiday fête, when done correctly, job costing can ensure your construction business is successful while keeping surprises to a minimum.

Topics: Automated Bookkeeping bookkeeping tips construction accounting job costing
20 min read

7 Experts Weigh In On the Future of Accounting

By Aaron Sullivan on Nov 5, 2019 2:58:47 PM

Every industry is impacted by the rise of technology and automation, and for many, that can be an overwhelming—possibly even scary—thought. So we set out to get to the bottom of how real accounting experts view this ongoing change to the industry. Our friend Jody Padar, The Radical CPA, conducted a series of interviews with accounting industry thought leaders and influencers, and we pulled together this collection of highlights as they relate to select questions.

Topics: Ebook interview accounting technology CPA insights The Radical CPA Accounting Industry Insights automated accounting
6 min read

Is Your Web Host Damaging Your Reputation?

By Jodie Manners on Oct 31, 2019 3:33:08 PM

Any business owner knows that reputation management is a big part of attracting customers. Leads and potential customers/clients are paying attention to what you say, how you say it, your brand elements, and most importantly—your website. But is your web host damaging your reputation and holding you back from success?

Topics: Business success Reputation management Guest post Business website
12 min read

How eMoney Advisors Can Help With Financial Planning

By Aaron Sullivan on Oct 29, 2019 12:54:28 PM

Financial planning can be intimidating. But it doesn't have to be, and that's what the Radical CPA Jody Padar covered in her final CPA Insights interview at the AICPA Engage 2019. Her guest was Celeste Revelli, director of financial planning at eMoney Advisors, an online financial planning service. 

Padar and Revelli chatted about all the different features eMoney Advisors has to offer accountants who are starting to dip their toes into financial planning. What lots of accountants don’t know is that you don’t need to be a certified Financial Advisor to start having those types of conversations with your clients. You need the right tools!

That's where eMoney steps in as a tool that helps CPAs see exactly where their clients are spending money so they can better advise them on saving and how to accomplish long-term goals. Padar even uses it in her firm to better serve her clients.

Topics: interview accounting technology CPA insights The Radical CPA
6 min read

How to Plan and Create a Construction Budgeting Analysis In 4 Steps

By Jessica King on Oct 24, 2019 2:57:49 PM

Lincoln Logs, Legos, K'Nex, Erector Sets—remember how fun it was to create the structure of your dreams with any one of these building toys? As long as you had enough pieces, the possibilities seemed endless. And the best part was that you didn't need to create a construction budget or put anything down in order to bring your dream to life...just a vivid imagination!

Topics: construction accounting construction bookkeeping listen on the go Construction Budget
10 min read

We Have a Verdict: These 7 Law Firms Are Doing Big Things

By Yanik Fati on Oct 22, 2019 1:15:00 PM

In addition to being bookkeeping nerds and techies, we at Botkeeper are pretty entrenched in pop culture (that’s what you get when you have a cool company culture that mixes experienced, senior accountants with millennial technophiles!). And recently we talked about the phenomenon that is the TV show Law & Order—have you ever thought about how many versions there are? Now, we know a thing or two about counting stuff (not to brag), and we figured out that there are at least seven American iterations of the hit show.

Topics: roundup Botkeeper reviews Legal Firms Law Firms
1 min read

What’s the Difference Between AI & ML? Free Ebook

By Aaron Sullivan on Oct 17, 2019 3:41:20 PM

We’re in the age of artificial intelligence (AI) and machine learning (ML), and most industry leaders believe the two concepts—working in tandem—will be what creates massive growth for companies in every vertical. It’s actually what’s known as the Fourth Industrial Revolution, and we probably haven’t even hit the thick of it yet.

Topics: Ebook automation artificial intelligence machine learning AI vs ML
8 min read

The State of the Accounting Profession

By Aaron Sullivan on Oct 15, 2019 3:34:29 PM

Accounting today is not the same as it was ten years ago. And while many accountants have been in the industry long enough to be aware of the changes, not as many have stepped in to help inform other professionals. That’s not the case for Mark Koziel, who runs the AICPA Engage conference every year.

During that conference, Radical CPA Jody Padar talked to Koziel about the transformation of the accounting industry.

Topics: CPA insights The Radical CPA AICPA Accounting firm growth Accounting firm
7 min read

Construction Accounting Basics for Contractors

By Aaron Sullivan on Oct 10, 2019 2:28:07 PM

A day in the life of a contractor is a busy one. You’re up early to answer emails and sort through paperwork before heading to a jobsite. From there your day is full of meetings with subcontractors, reviewing the progress they’ve made, and making sure your project is on track and, more importantly, on budget.

Topics: construction accounting construction bookkeeping listen on the go
9 min read

What Does the COO of an Accounting Firm Do?

By Aaron Sullivan on Oct 8, 2019 9:40:00 AM

Another installment in our CPA Insights series, the Radical CPA Jody Padar sat down with Bernie Lietz, COO of Topel Forman in Chicago, at the AICPA ENGAGE event. Among the hot topics covered were what it’s like to lead a firm while balancing lots of different voices and opinions, as well as this year’s NBA Finals.

Lietz also described his interesting journey implementing value pricing at CPA firms. One of his previous CPA firms was one of the first in the industry to implement it about 8 years ago, so he knows what it takes to move in the direction of focusing on value for the client.

Topics: CPA insights The Radical CPA Chief Operating Officer Value-based pricing Accounting interview
7 min read

Botlife: Where Innovation Trumps the Status Quo

By Aaron Sullivan on Oct 4, 2019 12:16:21 PM

This might come as a surprise to you, but not everyone at Botkeeper is an actual bot. In fact, our collective bot body is made up of dozens upon dozens of full-fleshed humans who specialize in everything from accounting to tech. For a lot of companies, that might spell t-r-o-u-b-l-e—how do you maintain cohesion while also inspiring innovation and creativity in such a range of minds? Truth be told, it's a constant work in progress!

But at Botkeeper, creating a great company culture is one of our biggest priorities. There are lots of ways we do this, but one of the most important is through fostering an innovative environment.

Topics: Career Botlife Innovation Innovative Company
8 min read

Prepare your CPA Firm for the Future

By Aaron Sullivan on Oct 1, 2019 4:50:51 PM

Back at the 2019 AICPA Engage Event, Botkeeper Partner and Radical CPA Jody Padar spoke with Ryan Lazanis, a CPA from Montreal about helping other firm owners adjust to new technology and changes in the profession. 

Lazanis said he thinks we’re finished with the education phase—where firm owners are learning about all the new technology available to them and why it’s important—and we’ve moved onto the implementation phase in which firm owners are just trying to work out how exactly they can change their own processes. And he would know; he started an all-online CPA firm back in 2013 and found some pretty radical success through that adventure.

Topics: interview accounting technology CPA insights The Radical CPA cloud accounting the future of accounting accounting in canada
7 min read

Order Up! A Basic Guide to Restaurant Accounting and Bookkeeping

By Aaron Sullivan on Sep 26, 2019 11:16:29 AM

Restaurant owners have one of the most demanding jobs around: pleasing foodies.

Successful restaurants thrive thanks to serving delicious, mouth-watering food, but that’s not all it takes. What about running the business side of things? That’s a different story.

Topics: small business bookkeeping Automated Bookkeeping restaurant bookkeeping accounting tips listen on the go
10 min read

What Kind Of Leader Are You?

By Aaron Sullivan on Sep 24, 2019 3:00:00 PM

As any mentor or leader can tell you, leadership isn’t easy. In fact, it involves having a great deal of self-awareness and a learner’s mindset in order to be effective. That’s what this interview is all about!

Continuing our series of CPA interviews conducted by the Radical CPA Jody Padar at the AICPA Engage event in Las Vegas, the following is a chat with Mike Maksymiw from Marcum LLP, which recently merged with Filomeno & Company. Padar and Maksymiw focused mostly on leadership, especially in the face of a company merger.

Topics: interview CPA insights The Radical CPA AICPA Leadership firm merger
8 min read

Bookkeeping with Excel Templates: Pros & Cons

By Aaron Sullivan on Sep 19, 2019 2:05:00 PM

You might visualize bookkeeping as sitting at a desk covered in receipts, looking through a green visor at rows and rows of hand-written numbers. And you wouldn't be entirely wrong. Many businesses have traditionally used programs like Excel to handle their business finances. But we live in the future, and technology exists to make this arduous, expensive approach to bookkeeping go the way of the dodo.

Automated booking software has eliminated the need for Excel in many cases, yet the Microsoft tool is still used by businesses and entrepreneurs for their bookkeeping, budgeting, and accounting needs. Sure, Excel can be a valuable bookkeeping tool, but it has its share of disadvantages too.

Topics: small business bookkeeping bookkeeping tips accounting technology business growth scalability Spreadsheet Bookkeeping with Excel
7 min read

Why Next Year Will Be The Best Accounting Year Ever

By Aaron Sullivan on Sep 17, 2019 4:52:34 PM

Have you ever thought about how the accounting industry mirrors the complexities of our nation? Well, get ready for that suggestion because The Radical CPA sat down with CPA and trendmaster Rick Telberg to talk about the state of accounting today and next year. 

Telberg is the founder of CPATrendlines.com, a data-driven research service for the accounting and finance community. He believes next year might be the best ever for the accounting profession, and the way he talks about it, it sounds like lots of accountants take his side!

Topics: CPA insights Accountant Interview The Radical CPA the future of accounting
10 min read

These 7 Food & Bev Businesses Are Crushing It In 2019

By Yanik Fati on Sep 16, 2019 5:27:48 PM

At Botkeeper, even though our bots and automation work 24/7, we still have a big team of humans who make really important human decisions everyday...like figuring out what/when/where to eat and drink. You know what that’s like!

But fortunately, we live in an amazing time when you can get nearly anything you want at any time of day. You can literally wade through a buffet of buffet options when you’re hungry enough and feel like getting your money’s worth. And just as important to us as the quality of what we eat, we’re also into tech-driven, responsible innovations in the food and beverage industry. That’s why we’ve pulled together a list of some recent favorites our team can’t get enough of these days.

Let’s dig in!

Topics: roundup Botkeeper reviews food and beverage restaurant
9 min read

Time and Tech Wait for No One

By Aaron Sullivan on Sep 10, 2019 1:30:00 PM

There’s no time like the present, especially when your career and industry depend on your ability to adopt new tech and take advantage of its benefits. That’s part of what Radical CPA Jody Padar and tech implementer and advisor Dustin Wheeler discussed at this year’s AICPA Engage event.

Padar and Wheeler met on social media and have been friends for over a decade. Padar even admits Wheeler was one of the first Radical CPAs!

Padar asked why he enjoys sharing technology with others in his firm, and Wheeler described how he jumps right into technology to learn it, rather than waiting for someone to explain it to him. He prefers to just mess around with the software and figure it out himself, which is great advice for CPAs who might be apprehensive about getting into technology. 

Check out the interview recording below, or read on for an edited version of the transcript.

Topics: interview accounting technology CPA insights accounting consulting social media The Radical CPA
4 min read

5 Useful Accounting Tips to Help Grow Your Business

By Marla DiCarlo on Sep 5, 2019 10:30:00 AM

The following is a guest contribution from Raincatcher, a business broker focused on helping entrepreneurs buy and sell small and medium-sized businesses.

When you own a business, it’s easy to view accounting as a necessary evil, but not something that you can strategically use for growth. By re-framing your thinking and approach, you can use accounting to your advantage. Accounting practices can be an integral part of your strategy for growth. 

Topics: Small Businesses business growth scalability accounting tips
9 min read

The Fourth Industrial Revolution

By Aaron Sullivan on Sep 3, 2019 11:15:00 AM

The printing press. The steam engine. The assembly line. These technologies revolutionized the way we work and set humanity on a different course for productivity. And now Jasen Stine, training leader at Intuit, is drawing attention to what he calls the “fourth industrial revolution.”

Topics: interview Automated Bookkeeping accounting technology CPA insights The Radical CPA
11 min read

How to Hire a Bookkeeper

By Aaron Sullivan on Aug 29, 2019 5:34:15 PM

So, your business has grown, and you’re finding it difficult to stay on top of your bills, taxes, customer payments, and a ton of other bookkeeping tasks. Sound familiar?

Many businesses wait too long to hire a bookkeeper until the signs are glaringly obvious—or worse—until a huge financial mess demands one. 

This accounting nightmare is all too common and often occurs because small businesses and entrepreneurs believe they don’t need a bookkeeper. But bookkeeping is a vital business function that goes beyond recording financial transactions. It also includes balancing your books, ensuring customer payment collections, paying bills on time to avoid late fees, recording and maintaining important financial information, generating financial statements, and much more. 

Topics: hire a bookkeeper how to hire a bookkeeper do I need a bookkeeper hiring a bookkeeper listen on the go
9 min read

Improve Your Accounting Practice With Technology

By Aaron Sullivan on Aug 28, 2019 6:47:11 PM

Adapt or deal with being left behind. There’s no shortage of internet articles about how companies and firms must learn to evolve if they don’t want to get left behind.

Radical CPA Jody Padar covered this exact topic at the AICPA Engage conference in Las Vegas when she sat down with Aaron Berson, CEO and cofounder of Fringe Accounting Company. The two also discussed the balance between being a CPA and a technologist, and what the most exciting new technology is.

Topics: interview Automated Bookkeeping accounting technology CPA insights The Radical CPA
13 min read

9 Challenges All Restaurant Owners Face—And What To Do About Them

By Aaron Sullivan on Aug 22, 2019 2:05:15 PM

Someone should really write a tell-all book for business success that includes a money-back guarantee. There's no doubt that we'd buy that book. But since it doesn't exist (yet), the next-best alternative is to research and learn how to avoid the biggest mistakes and pain points your business might face. 

Topics: Ebook small business bookkeeping Automated Bookkeeping bookkeeping tips restaurant bookkeeping listen on the go
7 min read

Bookkeeping vs. Accounting: What's the Difference?

By Aaron Sullivan on Aug 22, 2019 10:30:00 AM

Unless you’re a bookkeeper or accountant by trade, you probably don’t spend your days thinking about the two (but hey, no shame if you do). Similarly, you probably don’t know that there’s a difference between the two.

Topics: bookkeeping vs. accounting difference between accounting and bookkeeping accounting vs. bookkeeping listen on the go
10 min read

Why Technology Is No Longer an Option for CPAs

By Aaron Sullivan on Aug 20, 2019 6:50:04 PM

There’s that saying that we fear what we don’t understand, and for many experienced professionals—like CPAs who have been around since Intuit first hit the scene in the ’80s—technology is very intimidating.

Topics: interview Automated Bookkeeping accounting technology CPA insights The Radical CPA
18 min read

How to Overcome Top NonProfit Financial Challenges

By Aaron Sullivan on Aug 15, 2019 9:37:00 AM

Shocker: No one enters the world of nonprofits to make big money. In fact, the average salary for an executive director position at a nonprofit is around $61k, which is barely above the average income for US workers ($59,039). But thankfully, working at a nonprofit is more than a salary—it can be rewarding beyond compare and a real way to effect change. They say money isn’t everything, right?!
Topics: Ebook accounting mistakes Automated Bookkeeping nonprofit bookkeeping nonprofit accounting listen on the go
6 min read

What Does a Modern Bookkeeper Do?

By Jessica King on Jul 23, 2019 2:26:48 PM

Bookkeeping…we’ve all heard of it, but what exactly is it? In simple terms, bookkeeping is defined as creating and maintaining the financial records and reports of a business. In short, bookkeepers take care of all the mundane tasks that are required to keep a business’ financial information in order. This includes making entries of financial transactions like accounts payables and receivables, payroll amounts, and petty expenditures. But it doesn’t end there.
Topics: Automated Bookkeeping bookkeeping for accounting firms, listen on the go
25 min read

Botkeeper vs. ScaleFactor vs. Pilot vs. Bench: Which Bookkeeping Software is Right for Your Business?

By Jessica King on Jul 17, 2019 9:26:00 AM

Update: As of June 23, 2020, ScaleFactor announced that it would be closing.

Whether you run a startup company or manage a billion-dollar enterprise, bookkeeping is one of the most important tasks for any business. Business owners want (and need) to focus on their products and services as well as growing their company. But they also need to stay on top of bookkeeping tasks, which are tedious and time-consuming. Fortunately, there are lots of bookkeeping services available today that can help business owners streamline their bookkeeping tasks so they can focus on what matters.

Topics: small business bookkeeping Automated Bookkeeping comparison outsourced bookkeeping listen on the go
6 min read

7 Software Companies We're Keeping Our Bot Eyes On

By Aaron Sullivan on Jun 27, 2019 2:41:24 PM

We’re privileged to know and work with a lot of really cool businesses who are doing some amazing things in their own industries. Some are clients, some are friends, some are just names we know and respect, but they all have a common tie: they’re going places, and we’re keeping an eye on them.

Topics: roundup computer software Botkeeper reviews
6 min read

13 Possibilities With Automated Bookkeeping

By Aaron Sullivan on Jun 20, 2019 4:29:59 PM

It's 2019, and we have machines to do nearly every awful task that we never wanted to do again...a dishwasher for our dishes, washing machine for smelly clothes, GPS for getting us anywhere, cars that drive and park themselves (also for getting us anywhere). But what about other terrible tasks? We're talking about things that would not only make our personal lives better, but also improve our professional lives.

Topics: Bookkeeping accounting solution automation small business bookkeeping Automated Bookkeeping
3 min read

How to Void a Check in QuickBooks Online

By Aaron Sullivan on Jun 6, 2019 12:49:12 PM

Ah, nuts. You realize you've written a check in the wrong amount, or you've sent it to the wrong vendor because you have so many to keep track of and sometimes things get mixed up. #smbproblems 

Topics: QuickBooks Tutorials small business bookkeeping Automated Bookkeeping QuickBooks bookkeeping tips quickbooks online tips
3 min read

The Botkeeper Dashboard Just Got a Major Revamp

By Aaron Sullivan on May 21, 2019 10:02:00 AM

Some people might argue that the phrase “new and improved” is redundant—how can something be new if it’s just been improved? Likewise, how can it be improved if it’s brand new? To tell you the truth, we don’t really know, but we also think that’s okay since we’re techies and number crunchers first and foremost. We have no time for semantics—bookkeeping awaits!

Topics: Automated Bookkeeping dashboard video tutorials
6 min read

How Outsourced Bookkeeping Saved Ovia Health $50,000

By Jessica King on May 17, 2019 9:09:00 AM

When Your Needs Outgrow Your Tools

Ovia Health is doing big things for women and families, and they need support that enables them the ability to grow at any pace, anytime. As a health and tech company, Ovia Health is committed to transforming the way employers support working women and families along their parenthood journey, improving outcomes by providing daily personalized engagement, proactively identifying potential health risks, and supporting a successful return to work.

But in 2018, the small finance team at Ovia Health needed an upgrade. They were dealing with some common accounting shortcomings related to their accounting software, in particular limited automation capabilities. This meant that they were still having to do a lot of manual bookkeeping on a regular basis, leading to human errors and inconsistencies. 

Topics: Bookkeeping Small Businesses accounting costs case study
1 min read

Botkeeper CEO Tells Babson Built Podcast That Accounting Is the Absolute Worst

By Aaron Sullivan on May 3, 2019 10:27:25 AM

In March, Botkeeper founder and CEO Enrico Palmerino sat down and talked with the team at Babson Built, a podcast focusing on entrepreneurship from founder-alumni from Babson College. Enrico is a 2011 alumnus of Babson, having started multiple businesses during his tenure at Babson.

Topics: interview Automated Bookkeeping Babson College Entrepreneurship
7 min read

Gartner Says Botkeeper Is a "Cool Vendor," and We Tend to Agree

By Aaron Sullivan on Apr 30, 2019 10:22:00 AM

After many formative years building Erector Sets and solving Rubik's Cubes, we at Botkeeper are delighted to finally be recognized as “cool” by the global research and advisory firm Gartner! Although the designation might not pack the same social punch as it did in middle school, we’re honored to be listed in the “Cool Vendors” category of Artificial Intelligence for Small and Midsize Businesses.

Topics: Gartner cool vendor outsourced bookkeeping
3 min read

How to Add Your Accountant to QuickBooks Online

By Aaron Sullivan on Apr 25, 2019 11:17:22 AM

Nobody likes going it alone, especially if whatever you’re trying to do leaves you feeling overwhelmed and incapable. But that’s why it’s good to ask for help from someone who knows what’s up, like inviting your accountant to your QuickBooks Online account so they can help with your bookkeeping.

Topics: QuickBooks Tutorials QuickBooks quickbooks online tips outsourced bookkeeping
5 min read

How to Reconcile Accounts in QuickBooks Online

By Aaron Sullivan on Apr 18, 2019 2:04:22 PM

Trying to reconcile your accounts in QBO? Reconciling is the process of matching transactions into QBO against your bank or credit card statements. A fundamental piece of good bookkeeping is routine account reconciliation, the process in which you match up your transactions in QuickBooks Online (QBO) with your bank statement and credit card statements. In addition to being every amount of fun as it sounds, it’s a really helpful process to make sure that your bank accounts match up with your accounting system, and you’re not at risk of overspending based on what’s actually in the bank. It’s a similar process to balancing your checkbook. Before you attempt to reconcile on your own, check out our step by step guide below!

Topics: QuickBooks Tutorials bookkeeping tips reconcile accounts quickbooks online tips
5 min read

What's the difference between AI and ML?

By Aaron Sullivan on Apr 12, 2019 8:56:00 AM

Artificial or augmented intelligence (AI) and machine learning (ML) have become hot topics in tech, business, and our everyday lives. In fact, a Google News search for the term “AI” returned 26.1 million results within the last 24 hours alone. That’s around 300 results per second!

Topics: Ebook artificial intelligence machine learning Automated Bookkeeping AI vs ML
6 min read

9 Signs You Have a Bad Bookkeeper

By Aaron Sullivan on Apr 2, 2019 9:26:00 AM

Having a competent bookkeeper could be the difference between steering your business to new growth and letting it spiral out of control, like a helicopter crash in an action movie. Whether your bookkeeper is an accountant who’s been with the company for decades, or it's your retired mother-in-law (or both), you must have confidence that they’re doing their job well and with your company’s bottom line in mind. Their daily work could be what leads to cutting nonessential costs and increasing your margins.

Topics: Ebook small business bookkeeping bookkeeping tips bad bookkeeping
10 min read

Bookkeeping Meets AI: Trends and Predictions for the Future of Accounting

By Aaron Sullivan on Mar 28, 2019 11:01:02 AM

If you’re in the accounting profession, chances are you’re getting used to the integration of various forms of technology in the industry, including machine learning, cloud computing, and different forms of automation. Small and large accounting firms alike have begun recognizing the importance of automation as they move forward with modern-day trends in bookkeeping. Though the onset of artificial intelligence (AI) may bring up memories of sci-fi movies and rogue robots, companies are beginning to embrace the value AI brings to their processes, making them more efficient by shifting the allocation of mundane tasks to reduce human error. 

Topics: Ebook AI for Accounting the future of accounting listen on the go
8 min read

Bot Spotlight Client Series: Givinga

By Aaron Sullivan on Mar 14, 2019 8:51:00 AM

We recently chatted with Joe Phoenix, one of the cofounders of Givinga, a solution for amplifying the impact of corporate philanthropy. A text version of the interview follows, edited for clarity.

Topics: interview corporate giving tax deductions bot spotlight
6 min read

Everything Accountants Need to Know About QuickBooks Live Bookkeeping

By Aaron Sullivan on Feb 27, 2019 5:20:33 PM

Accountants and bookkeepers alike were surprised earlier this month when QuickBooks announced it now offers “Live Bookkeeping” with all plans ranging from Simple Start to Advanced. The page promised: “Get valuable insights from unlimited one-on-one conversations with an experienced bookkeeper that knows your business.” Of course, this made QuickBooks Certified Pros across the country do a double-take and say, “Hold up—what?!”

Topics: accounting solution small business bookkeeping QuickBooks
6 min read

How to Get the Most Out of QuickBooks Online: 7 Tips

By Aaron Sullivan on Feb 19, 2019 2:30:08 PM

Whether you’re new to QuickBooks Online or a seasoned veteran using the software, you might not be getting the most value out of your subscription. Oftentimes, people overlook simple tips that could help them be more effective and efficient with their books, and that’s why we’ve pulled together a short list of tips for handling your books with QuickBooks Online (QBO).

Topics: QuickBooks Tutorials tips small business bookkeeping How To QuickBooks
9 min read

Bot Spotlight Client Series: An Interview With ADcountants

By Aaron Sullivan on Feb 7, 2019 9:22:00 AM

This post is the first in the Bot Spotlight Series, where we sit down with different industry clients, experts, and influencers.

This month, we met with Tyler S. Clark, founder of ADcountants, to talk about advertising for accounting firms and the role of automation and machine learning in that space. An abridged Q&A follows, and the full video interview is included below.

Topics: advertising for accounting interview advertising for accountants bot spotlight outsourced bookkeeping

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