Embracing Change and Innovation in the Accounting Industry with Jesse Rubenfeld and Tom Zehentner
The finer details of this episode:
- Evolution of accounting software and early career experiences
- Importance of embracing change and innovation in the industry
- Leveraging technology to streamline accounting processes
- Challenges and opportunities in early career development
Episode resources:
- Summit Virtual CFO by Anders website: https://www.summitcpa.net/
- Email us with questions or if you’d like to be a guest on the show: youngcpasuccessshow@anderscpa.com
- We’re hiring! Check out our open positions: https://www.summitcpa.net/career-opportunities
- https://www.finoptimal.com/
- https://www.linkedin.com/in/jesserubenfeld/
- https://www.linkedin.com/in/tom-zehentner-cpa-a0591b5b/
- If you love this conversation, don’t miss Hannah and Joey on the FinOptimal podcast, Another Not Another Accounting Podcast: https://podcasts.apple.com/us/podcast/ep-77-young-cpas/id1734624758?i=1000653170191
Timestamps:
The wild west of the internet (00:00:22)
Discussion about the early internet era, LimeWire, and the evolution of music downloading.
Evolution of internet and social media (00:03:03)
Recollection of early internet trends and social media references, including the YouTube evolution of dance video and internet games.
Initial experiences with computer games (00:04:08)
Nostalgic conversation about classic computer games like Civilization and Age of Empires.
Transition to accounting and QuickBooks (00:05:14)
Discussion about the unexpected transition to accounting over the internet and QuickBooks online.
Adapting to change in accounting (00:07:26)
Reflections on the need for a mindset of continuous improvement and embracing change in the accounting industry.
Challenges and rebellion in early career (00:09:18)
The defiance and challenges faced in early career stages and the development of confidence to pursue a better way.
Challenges in traditional accounting firms (00:10:07)
The limitations of traditional accounting firms in embracing new approaches and the unique situation of starting a career at a startup.
The role of an architect in accounting (00:13:25)
The discussion about the architectural role in making accounting more efficient and the rewarding nature of creative problem-solving.
Founding of FinOptimal (00:15:39)
The backstory and founding of FinOptimal, including the challenges and evolution of QuickBooks online.
Transition to QuickBooks online (00:16:39)
Discussion about the transition from QuickBooks desktop to QuickBooks online and the limitations faced in the past.
Software automation in accounting (00:17:06)
The secret to success being software that automates accounting processes and the decision to go with QuickBooks online.
Technology and Business Growth (00:17:28)
Discussion about the development of technology to improve efficiency and competitiveness in the accounting industry.
Challenges in Accounting Software (00:18:21)
Exploration of the challenges and changes in accounting software, including user-friendliness and adaptability to different generations.
Building Automation Tools (00:20:22)
The process of building automation tools and the importance of understanding accounting nuances for effective tool development.
Empowering Young Accountants (00:2
Information
- Show
- FrequencyUpdated Biweekly
- PublishedMay 6, 2024 at 9:30 AM UTC
- Length58 min
- Episode19
- RatingClean