On Wednesday, June 27, we had the pleasure of partnering with Intuit QuickBooks and Plooto to host our ‘Hours to Minutes’ event! This half-day event brought together accountants and bookkeepers in the Toronto area to network and discuss ways to increase practice efficiency.
We had a ton of fun connecting with the accounting and bookkeeping community and sharing our insights on the power of cloud accounting technology. Watch the short video below and read on to learn more about #HoursToMinutes, as well as to get some of the savvy tips that were shared at the event!
Hours to minutes IRL: insights from our panel of cloud pros
Cloud technology is radically changing how bookkeeping is done. In fact, it's essentially flipping the script on your allocation of time.
Administrative tasks that used to take hours (such as document collection, bill pay, and bank reconciliation) now take only minutes to complete. As a result, you're able to spend more time on strategic tasks, such as business advisory.
Using #cloudtechnology enables you to spend MINUTES completing administrative tasks (like document collection and data entry) and HOURS focussing on higher value creating activities (like advisory and strengthening client relationships) #HoursToMinutes pic.twitter.com/I1H1kcgyvV— Hubdoc (@Hubdoc) June 27, 2018
However, adapting your practice to this type of business model can be challenging. Even though many firms use cloud accounting technology, everyone does it a little differently. There’s a lot we can learn from each other – and who better to learn from than some of the best in the biz?
Live from the #HoursToMinutes panel. Awesome chat with three #cloudaccounting rockstars @jenniferbauldic @Virtuousbking @Mulrooney_ @QuickBooksCA @PlootoInc @Hubdoc pic.twitter.com/IG2ALRHMRu— Matt Kanas (@mckanas) June 27, 2018
The event kicked off with a panel discussion led by Intuit’s Matt Kanas, featuring cloud accounting experts who have experienced the benefits of cloud accounting technology first-hand.
Jennifer Bauldic of Jetstream Administration Inc., Jas Saran of Virtuous Bookkeeping, and Carrie Mulrooney of Mulrooney & Associates Incorporated chatted about how they select, implement, and leverage cloud accounting technology, as well as how the cloud has enabled them to adopt new business models.
Talk to the client about how great going to the cloud and paperless is going to be for THEM, not you. Great advice from @Mulrooney_ #HoursToMinutes— Anna Abbruzzese (@ActiumToronto) June 27, 2018
“Encourage your staff to be curious about the apps available to us” Jas Saran on the panel at#HoursToMinutes @Virtuousbking— Kimme Lafayette (@bbbskimme) June 27, 2018
@jenniferbauldic Compelling reason for cloud accounting = same team, 3 times as many customers! Wow! #HoursToMinutes— Julie James (@JulesInTO) June 27, 2018
It was awesome to hear their success stories and learn how they were able to overcome some of the challenges faced by modern accounting and bookkeeping practices. Thank you Jennifer, Jas, and Carrie!
Deep dive: saving time on document collection, bill pay & bank reconciliation
After the panel discussion and a short networking break, Hubdoc’s Director of Marketing (and former interim bookkeeper), Geoffrey Gualano, took to the stage to provide insight into how to tackle three of the most traditionally laborious bookkeeping workflows: document collection, bill pay, and bank reconciliation.
As @Hubdoc publishes entries to @QuickBooksCA guess what @PlootoInc is up to? Pulling those entries into its payables listing to help you automate payment processing. Hurray! #hourstominutes— Young Associates (@YoungAssocMgt) June 27, 2018
Flip through Geoff’s slides below to learn more about the Hubdoc + Plooto + QuickBooks Online workflow!
Check out the following resources for more ways to save time on document collection, bill pay, and bank reconciliation:
- Hours to Minutes: How to Save Time in Your Bookkeeping Workflow [Free Guide]
- How to Achieve Automated Bank Reconciliation with Hubdoc & QuickBooks Online [Webinar Recording]
- Plooto Overview [Short Video]
Thank you (and see you next time)!
Why I enjoy events like #HoursToMinutes We think it's about software and process, but it's really about people. Thank you for reaching out and helping us #accounting peeps connect.— Bill Kennedy, CPA CA (@Energized) June 27, 2018
We couldn’t agree more with Bill Kennedy’s tweet (above). We’re so grateful to be able to connect and collaborate with the community. If you were able to make it out to Hours to Minutes, thank you for attending! We’d also like to extend a huge thank you to Intuit QuickBooks and Plooto for making this event possible.
If you were unable to attend, we’ll see you next time – we’re already ramping up and getting ready to host similar events in the future (hopefully in a city near you)!
THANK YOU! ❤️
Learn how to save time on bookkeeping tasks such as document collection, bill pay, and bank reconciliation! Download our free Hours to Minutes guide.
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