Episode 13

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Published on:

15th Nov 2015

[13] The Opportunities for IT Companies in Cloud Accounting

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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About the Podcast

TubbTalk: The Podcast for Managed Service Providers
Putting Managed Service Providers back in control!
Richard Tubb has been a leader and keynote speaker in the MSP community for the last two decades. At the helm of media company and MSP advisory business Tubblog, Richard loves to showcase tech companies disrupting the industry, as well as shining a light on new tools you might not be aware of.

His long-running and successful interview-style show, TubbTalk, features fireside style chats with the CEOs and CTOs of these businesses, to dig deep into how they got started in the industry, what inspired them to start something new and what their advice would be to anyone who wants to do the same.

But it's not all tech focused! As a former MSP owner himself, Richard knows that there are many facets to being a business owner, which is why his guests reflect that too.

Previous topics include mental health, sales, marketing, business growth, productivity, customer service and more. Wondering why you should listen? Well, as one fan put it: "It's like eavesdropping on a conversation between two friends, who are sharing their knowledge and wisdom with each other. You learn while you're being entertained."

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Richard Tubb

Richard Tubb is one of the best-known experts within the global IT Managed Service Provider (MSP) community. He launched and sold his own MSP business before creating a leading MSP media and consultancy practice. Richard helps IT business owner’s take back control by freeing up their time and building a business that can run without them. He’s the author of the book “The IT Business Owner’s Survival Guide” and writer of the award-winning blog www.tubblog.co.uk