Tips to Implement App Advisory In Your Accounting Firm
Robert Davidson is a qualified accountant with a background in industry, Big 4 firms and even playing professional poker for 4 years. He has always felt clout accounting was the future, and was invited to plan and project manage the cloud rollout for a successful national accounting firm in Scotland.
In 2019 he started Appacus App Advisory with Matt Flanagan and David Robinson at BlueHub. Their aim is to help accountants and their clients bridge the gap between operational and financial systems, and to navigate the often overwhelming app space and future-proof their practices. Shownotes:
The parallels between professional poker players and professional accountants
How a cloud visionary saw what was coming for cloud accounting a few years before everyone else
Appacus is a community of forward-thinking firms to share best practice on apps and integrations
Why accounting source systems like Quickbooks, Sage and Xero might not be the most important system for a business client
The technology available today is making compliance much quicker and advisory more powerful for accounting firms
Advisory for accountants is not management accounts and dashboards - it's the interpretation of that information
For accounting clients, advisory is only value if the client can understand it and it helps them make decisions
The accounting app landscape for accountants and their clients is overwhelming - one vendor may offer 2000 updates a year
The required skillset of an accountant is changing rapidly to incorporate the advance of technology
Many accounting firms are lagging with cloud accounting because they don't fully understand the benefits
Accounting cloud apps can bring client engagement, sales processes and onboarding down from months and weeks to days
Many accountants feel like they need to know 120% of everything before they give an answer
The mistakes accounting firms make when doing app advisory for their clients
Apps are simply tools to solve pain points, provide information and help people make decisions
Is a cloud accounting specialist the best way for firms to go
The complexities accountants face in differentiating between all the different apps when advising clients
The skills accountants will need going forward when it comes to apps and technology
The worst advice about app advisory that finds its way into the accounting market
We are just touching the surface with app advisory - so many more are coming out
Accountants - it's much better that you go to your clients with suggestions than the other way around.
When he’s not working, Robert loves football, walking his rescue dog Mia, travelling and meeting new friends. You can reach him here...