hey it's patti scharf CPA and co-founder of catching clouds the leader in
e-commerce accounting welcome back to another Saturday slow down where I like
to remind everybody to work on their business and not just in their business
today I want to talk about the accounting salon which is
where I've been for the past week I know I told you guys that I was going to be
home and record my video there and I was still looking forward to doing that
because I'm just I've had it up to here with like the bad audio and bad video
and trying to like find places with halfway decent lighting and stuff but
you know it is what it is so I want to talk about the accounting salon so I
don't know if you've heard the quote it's it goes something like if you're
the smartest person in the room you're in the wrong room it's been attributed
to Marissa Meyer and about 14 other people so I'm not really sure who said
it but it is great advice it basically what the point is is if you're the
smartest person in the room then you're not continuing to learn and grow and
challenge yourself and things like that so you should be moving to another room
where you can learn from other people and that is what accounting salon for me
is really all about like I I don't know if you know anything about the
accounting industry or anything but the people who have come to accounting salon
they're like the creme de la creme of brains and this industry as far as I'm
concerned like I just love meeting with them
they're so generous with their time and they're so generous with their knowledge
and one of the things I really like about them is that everybody is whether
they have their own firm or not they are constantly challenging existing status
quo they are trying new tools they are experimenting in their firms they are
questioning themselves there and they're just always trying to be better and then
that's really the kind of approach that I take with catching clouds and I love
coming in somewhere like this like helps helps me fuel my fire I'm
really excited to be here Amanda Aguillard and David Leary came up with
this idea last year and I came last year and it was just so fulfilling I I was
really anxious to come back so I figured I just fell on my phone and like give
you a few thoughts so what I just said was kind of my main one like I think
that if you aren't challenging yourself you should take a step back and really
think about that this weekend think about what you can do to put yourself in
a situation that will allow you to grow allow you to challenge yourself get
ideas from other people and things like that but then the other thing I wanted
to say which is a little bit more concrete and something that you can go
do and check out there were like 17 sponsors the accountants a lot so these
are all tools some are really well-established that you've probably
heard of like xero or gusto if you haven't heard of gusto or xero like
you're not watching my channel and you should subscribe and pay attention
because these are amazing tools but then there are a bunch of new ones that I
hadn't heard of and I kind of pay attention to that stuff and and ones
that I'm going to check out and I suggest that you check out as well so
I'm just going to run through the list really quick
but I want to point you down below to where all the comments are I'm gonna
have a list of links to all these different tools so you can go check them
out for yourself so I already talked about gusto rippling
is a new one that I had not actually heard of before it's I guess been around
for a couple of years and they are challenging gusto they they do payroll
and HR benefits just like us do does but they have a fuel but they have a few
other cool things like auto provisioning so like if you set up a new employee in
the system it will automatically like ship a computer to your new employee
like if they're a remote employee or it will automatically add them to tools
that you use like slack and other tools like that so the process
of just getting somebody on boarded it's just streamlined like crazy when when
you have that kind of an integration and I know that like they said that they
have 80 employees right now and like 50 of them are engineers so they are like
they're changing and adapting and growing really fast as far as their
features and capabilities so I'm gonna keep an eye on those guys as much as I
love gusto like you kind of got to pay attention what's going on in the market
so check those guys out the other one I'm going to check out is brex
actually I say I'm gonna check them out we've already checked them out and we've
got a couple of clients who are using them and what they do is they issue
credit cards like mostly employee credit cards where you can like kind of skip
some of the administrative burden of having to go through your bank and get
all that crap set up and but one of the things I really like about them they're
doing a special push for e-commerce sellers and they will let you they'll
give you like a 60-day grace period charging period at 0% so I know that for
online sellers the cash flow aspect of things can be really really tight and
Breck's helps out with that immensely so go check those guys out some other like
honorable mentions know if I draw a beam I've talked about being a lot loved
those guys for especially for international payments when you're
converting from one currency to another onpay another payroll program that you
might want to check out qount I think it's pronounced count it's with a Q so
yeah yeah liveplan another financial planning
kind of tool software dear we know dear love dear dear is great for I think for
e-commerce sellers it's particularly good for manufacturing so if you have
raw materials that you're turning into finish goods and things like that
you want to check out dear and then accountingfly
sombrero apps Halon tax botkeeper xero i mentioned
before ceterus and checkbook so those are all the sponsors of the accounting
salon i just want to make sure i said thank you for making it possible that I
could come to something like this that really breathes life into all of the
people who are attending and helps them be better every day so that's it for
today I gotta go catch my plane and I hope you found this video helpful if you
did please like comment share if you haven't already please subscribe and
I'll catch you later