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[13] The Opportunities for IT Companies in Cloud Accounting
Episode 1315th November 2015 • TubbTalk: The Podcast for Managed Service Providers • Richard Tubb
00:00:00 01:04:04

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In this episode, Richard speaks with Paul MacNeill, MD of Australian-based MSP Virage and co-founder of Wise-Sync.

Paul and I discuss:-

  • What is upside down accounting?
  • How is Cloud accounting changing the way companies do business?
  • Why are some accountants resistant to Cloud accounting?
  • How can Cloud accounting reduce both licensing and staffing costs?
  • Paul's experience of partnering with Xero and Xero integration with 3rd party tools
  • The nightmare of managing US sales tax codes
  • The opportunity of Cloud Accounting for IT companies
  • How to reduce the admin burden for IT companies in taking payments from their clients
  • Maximising the value of your IT business prior to exit
  • How peer communities and accountability groups have helped Paul's businesses grow
  • The work involved in migrating to a Cloud accounting package
  • The Wise-Sync brand journey and transparent pricing
  • Developing thought leadership and helping businesses understand how to be more successful
  • The book that Paul has read that has impacted him the most
  • Overcoming the challenges of synchronisation between a Professional Service Automation (PSA) tool and an accounting tool
  • The most successful people that Paul admires
  • Paul's advice for any MSPs using Desktop accounting packages and manual processes

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