ProcurementExpress.com Logo
Start Free Trial
ProcurementExpress.com Logo
Book a Demo
June 19, 2024

Mastering Modern Accounting Dynamics

On this episode of the Gross Profit Podcast, James Kennedy sits down with Ben Taylor, CEO & Co-Founder of SoftLedger. They delve into the nuances of evolving accounting software, the transition challenges from basic systems like QuickBooks to more sophisticated platforms like NetSuite, and the dynamic management of digital assets in the realm of cryptocurrency.
Gross Profit Podcast
The Gross Profit Podcast
Mastering Modern Accounting Dynamics
Loading
/
Download File
Play in new window
  • 31 mins
  • 2024-06-19 12:46:56
Subscribe on

Show Notes

This week, James Kennedy chats with Ben Taylor, CEO & Co-Founder of SoftLedger. They delve into the nuances of evolving accounting software, the transition challenges from basic systems like QuickBooks to more sophisticated platforms like NetSuite, and the dynamic management of digital assets in the realm of cryptocurrency.

About Ben Taylor: Ben Taylor is the visionary CEO and Co-Founder of SoftLedger, a cloud accounting software designed to meet the needs of small to medium enterprises looking to upgrade from platforms like QuickBooks or Xero. SoftLedger is recognized for its powerful yet user-friendly approach, providing an appealing alternative to more complex systems such as NetSuite and Sage Intacct.

About SoftLedger: SoftLedger is integrated cloud accounting software that streamlines business management for CFOs and controllers. With its robust functionality and user-friendly interface, it provides a seamless transition for businesses upgrading their accounting solutions to handle more complex financial landscapes.

What You’ll Learn:

  1. Transitioning Accounting Systems: The key considerations and challenges businesses face when moving from platforms like QuickBooks to advanced systems like NetSuite.
  2. Cryptocurrency in Accounting: How businesses can effectively manage digital assets amidst the rapidly evolving cryptocurrency market.
  3. User-Friendly Accounting Solutions: Insights into developing accounting software that enhances user experience without adding complexity to their operations.

Episode Highlights:

  • “Ben, what are the most common challenges your clients face when transitioning to more advanced accounting platforms?”
  • “How does SoftLedger address the growing need for managing digital assets in business accounting?”
  • “What inspired the creation of SoftLedger, and how does it simplify complex financial tasks for users?”

Beyond SoftLedger, Ben Taylor’s commitment to innovation in financial technology drives his mission to offer scalable and efficient solutions to modern businesses. His expertise is crucial for companies navigating the intricate requirements of today’s financial environments.

This podcast is tagged under:

The Gross Profit Podcast

More Episodes

Merushka Chetty

Patrick McCarthy – How This Fractional CFO Navigated a $111M Acquisition

In this episode, James Kennedy sits down with Patrick McCarthy, founder of My Startup Consulting, to explore what it really takes to be a fractional CFO for early-stage startups – where chaos is constant and clarity is priceless. Patrick shares how his love of metal music and the “rules of the mosh pit” mirror startup leadership, why he left M&A for the unpredictable world of startups, and what founders must do to operationalize budgets so forecasts become reality. They also dig into fundraising realities, making tough cost-cutting decisions, EOS Rocks alignment, and Patrick’s firsthand experience helping guide a major acquisition exit.

Listen Now »
Merushka Chetty

Vincent Biscaye – Why Food Startups Fail (Finance Secrets)

In this episode, James Kennedy sits down with Vincent Biscaye, founder of Two Step Advisors and former commodities trader who walked away from a high-flying career to help entrepreneurs build real, sustainable businesses in CPG (especially food & beverage). Vincent shares how growing up across multiple countries shaped his leadership style, why finance in CPG is uniquely brutal (and why so many brands get blindsided), and what founders must understand about working capital, distributor deductions, promotions, and inventory accounting. They also unpack the fundraising reality for beverage brands, the pivot Vincent made from building a cold-pressed juice brand to launching his advisory firm, and the exact stage where fractional finance support becomes a game-changer.

Listen Now »
Merushka Chetty

Rachel Phillips – Lawyer Turns CEO: Building a 52-Person Accounting Firm

In this episode, James Kennedy sits down with Rachel Phillips of Fully Accountable – a trained M&A attorney who now helps lead a 52-person outsourced accounting and CFO services firm. Rachel shares how a background in competitive Irish dancing shaped her endurance and consistency as an operator, why she chose entrepreneurship over a traditional law career, and how Fully Accountable evolved into a metrics-driven, values-led team built for modern businesses. They also dig into 13-week cash-flow forecasting, budget discipline (without rigidity), purchase orders as a control mechanism, and what founders should know when preparing to sell a business.

Listen Now »