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Single Touch Payroll (STP) starts on 1 July ………… or does it?

Find out if you can benefit from your software suppliers STP Deferral Code
You may have more time to get ready for Single Touch Payroll

By now you have probably been inundated with emails, tweets, Facebook posts and maybe even Blogs (like this one), letting you know all about Single Touch Payroll which is due to start on 1 July for some employers (typically those with 20 or more employees). However its worth noting that even if you are a substantial employer then you may not have to stress about the entire process just yet.

Most software companies have been feverishly getting their software ready for the introduction of STP, and many are now compliant and ready to go. However even some that are ready have also applied for (and received) a Deferral Code from the ATO. You can use this code to gain some extra time to ensure you are fully ready and take the stress off at this otherwise very busy time of year.

For Example;

Reckon Accounts Users

Even though the latest versions of all Reckon’s payroll products are STP compliant, Reckon still obtained a Deferral Code from the ATO. If you are using the 2018 version of Reckon Accounts (Either Hosted or Desktop) then you may be able to defer your setup and processing of STP until after 1 July and before the 30th of September 2018 by use of the deferral code 84 513 869

Xero Users

Xero is taking a staged approach to the rollout of STP functionality to their user base and are planning to progressively notify users when the STP functionality is available for use in their Xero data file. Xero have applied for and received a Deferral Code from the ATO of 49 410 109 that is valid until 31 December 2018.

MYOB Users

Depending on which version of MYOB you are currently using then it may be possible that you are covered by a MYOB STP Deferral Code granted by the ATO that is valid until 31 May 2019. MYOB have stated that this deferral is in place for those businesses who are unable to upgrade to MYOB’s STP enabled solutions because they are currently using multi-currency, negative inventory, multi location inventory, M-Powered Payment or ODBC or AccountEdge. MYOB have recommended that you contact them directly to obtain the deferral code relevant to your software.

QuickBooks Online (QBO) Users

Intuit (the makers of QBO) have advised that all users of their, in product payroll solution (powered by KeyPay) are ready and able to utilise the STP processing and reporting functionality within the QBO software, so no deferral code is available (or necessary) for QBO users.

So Why do software companies apply for deferral codes?
Basically we see four main reasons (and there could be more) as to why a software company has applied for a deferral code.

1 – They didn’t expect their software to be ready for STP on 1 July 2018
2 – They may have reservations on their software’s ability to handle large scale immediate adoption of STP
3 – They may have had concerns regarding the ATO’s software systems ability to handle the influx of STP data in the early days of STP
4 – They wanted to enable their consulting / implementer network more time to work with clients to upgrade their existing (non STP compliant) software

So how can you use the deferral code?
If you are a business that is covered by a software vendors deferral code then there is nothing you need to do except be STP compliant by the time the code expires.

What happens if I’m not ready for STP and my software provider doesn’t have a deferral code for the software version I’m using?
If your software is ready for STP and you aren’t then you can still apply for your own Deferral Reference Number (DRN) with the ATO, but you might need to be quick if you are a business that is required to be STP ready by 1 July 2018 (*).

What if I didn’t have 20 (or more) Employees at 1 April 2018 (or at 1 April 2019) when will I be required to be STP compliant?
The short answer on this is ……… Nobody really nows?
At this stage it is proposed for STP to be mandatory for all employers (even those with 19 or fewer employees) by 1 July 2019, however legislation in relation to this start date is not law at the time of writing this update (28 June 2018) so watch this space.

Can you help me with my STP processes and procedures?
Yes – simply call us on 1300 289 846 or email info@qabusiness.com.au to discuss how we can assist you in the setup, training and support of you and your team in the operation of STP.

Can you help me with assessing my future software strategy?
Yes – we are accredited consultants, partners and advisors in multiple small and medium sized business software solutions (both cloud and on premise), so if you would like an independent assessment as to what solution is right for you and your business then simply give us a call on 1300 289 846 or email info@qabusiness.com.au

There are also a myriad of other components to STP in most payroll software solutions, including;

  • How to Identify and manually communicate your unique Software ID to the ATO before your first STP lodgement (especially relevant if using Cloud / Hosted STP software)
  • How to ensure that your Employee Allowances are correctly configured in the software before your first STP lodgement
  • How to share your file with your Advisor (e.g. Bookkeeper, Accountant, Payroll Bureau) for STP processing and lodgement
  • Understanding that STP lodgement is not automatic and requires several review steps before lodging with the ATO
  • Understanding the various types of STP Pay Events that are required and when, to be submitted to the ATO
  • What other information do I need to configure in my payroll software before uploading any data to the ATO (E.g. Employee Codes/Numbers)

I hope that this helps in taking some of the stress out of this End of Financial Year and here’s wishing you a smooth STP rollout and a fantastic 2018/19.

Happy New (Financial) Year

Clayton Oates

Founder


(*) Note: The first 12 months of STP reporting is viewed by the ATO as a Transition Period in which they are assisting employers in the adoption of STP. Therefore employers will not be liable for “Failure to report on time” penalties.

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A View from the Future (Aussies Abroad at #AccountexUSA 2017)

By Clayton Oates

In the words of one of the great Business Philosophers – Dr Seuss (plus some paraphrasing)

“Oh the places you will go (with Accounting Bookkeeping Technology)”

IMG_8411This week saw more than 30 intrepid Aussie ABC’s (Accountants | Bookkeepers | Consultants) attend AccountexUSA (one of the world’s largest and longest running Independent Accounting Technology conferences) in the history-laden metropolis of Boston Massachusetts USA.

Aussies have been attending this event since 2011 (formerly called SleeterCon) and this year was the biggest touring party ever – you can check out more of the backstory Why Aussie Accountants and Bookkeepers attend AccountexUSA). Comprising first time travellers, through to seasoned veterans, some just starting out in business and others re-discovering new found passions for their vocation. No matter where on the scale each attendee was at, there was common threads between us all; such as;

1 – A thirst for Knowledge. Whether that be solutions that can help run an Accounting or Bookkeeping business or that of the clients we serve or Business development insights and inspiration from those who have journeyed before us. These insights were discovered at a myriad of breakout sessions through to the communal dining room talking to other ABC’s, or by attending the high calibre Keynotes of Randi Zuckerberg (Facebook) and Daymond John (Sharktank and FUBU).

2 – Sharing of Knowledge. The Aussie market is widely viewed as a world leader (ok the real leaders are probably the Kiwi’s but don’t tell them that 😊) in the adoption of future focussed cloud technologies and business models both within Accounting and Bookkeeping firms and the SMB community. Whist we know we are really just getting started,  the US has tended to be a step or two back in adoption, however I’m starting to see a progressive uptake and the gap appears to be closing. It was fascinating seeing the USA attendees gravitate to the Aussies for insights on what the future holds and how to fast track their progression and avoid some of the pitfalls experienced by others with a genuine openness to learn.

3 – Shared Experiences. For some, being in Business can be a lonely experience, but not for the bunch that I got to hang out with this week. The energy and enthusiasm of a collective group permeated the conference. The Aussies, along with some (honorary Aussies) Americans and Canadians arrived early and stayed late (sometimes very late) at the local watering holes, this may have had something to do with the Jetlag/time zone difference thing or just the hot and humid conditions in Boston. In any case some memorable extra-curricular events transpired, included the friendly take-over of the original “Cheers Bar” for a #PreCon session on Monday afternoon and the post conference baseball game at the Iconic Fenway Park or the lobby bar catch up each night at conference hotel. All memorable and entertaining, and part of the full conference touring experience.

IMG_8344

One incredible side benefit of getting on a plane and making the trek half way around the world to attend an industry conference is the fabulous friendships you make. Life (like Business) is about relationships and there is no better example of this than the Accounting / Bookkeeping Tech industry, it truly is a global village and becoming more so every day. Whilst some markets may have moved at different rates to others so far, you can feel a convergence of shared experiences which is poised to create a baseline quickly attainable for those yet to enter the arena. I believe we all have a role and responsibility to take what we have learnt, authentically share with others and continue to challenge the status quo and play a role in enabling technology to deliver on a long standing (and possibly overdue) Promise to Keep for our industry and clients.

I look forward to sharing future (local and international) conference experiences with you, as well as welcoming our friends from across the oceans to the future here Down Under (Although I suppose we can only really claim that we’re 17 hours in the future).

Cheers

Clayton

PS: Thanks Di Lucas (Direct Managment and Cloud Storm) for organising the official Tour Shirts.

 

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How to Dramatically Boost Your ROI When Attending #QBConnect in Sydney This Week!

QBConnect AU Speakers Include Clayton Oates
The #1 Key to getting a great return on your investment in attending #QBConnect is to make sure you have a conference game plan. Read on to find out how!

After investing more than 70 Days (attending and presenting) at Accounting | Bookkeeping |Technology events (in the USA, Australia & New Zealand) annually for the past 6 years, I have noticed that many conference attendees (sometimes me included) are failing to realise an appropriate return on their significant conference investment.

This is certainly a problem that needs fixing and I have come to the conclusion that the main reason for this it that we are failing to set a “Conference Game Plan” on the way into the event.

Whilst the motivating factors for registering for an event are certainly valid, and include reasons such as;

However there is often a disconnect between the initial motivating factors to commit time and money to attend and the implementation of actionable steps post conference.

The next major event in our industry is set down for May 18th 2017 in Sydney where hundreds of QuickBooks focused ABC’s (Accountants | Bookkeepers | Consultants) along with Small Business Owners and Operators will be attending the Intuit (QuickBooks) flagship event – QBConnect (The first time the event is being held in Australia).

So what are the 3 Simple steps we can take in order to “Set our Game Plan” and dramatically boost our investment return on attending QBConnect ?

Step 1 – Set your Agenda in advance – Now!

If you have registered to attend QBConnect then you would have already received an invitation to build you conference agenda. Take some time to review the details of each session on the agenda and commit to sessions that you believe is what you need to help you move to the next level in your professional and business journey. Be sure to lock in ALL Keynote, Opening and Closing address sessions and of course I would also highly recommend the “App’s Power Panel” session at 2:45pm with Di Lucas, Kane Munro, Wayne Schmidt and Myself as a must see. At each session work on identifying 1 key action point that you can take home and implement, also if the opportunity arises ask questions and of course arrive early and stay late if time permits (you often receive that “Zinger” by listening in on conversions with the presenter beside the stage after the session). Also be sure to download and use the QuickBooks Connect Sydney App, found on iTunes or Google Play this will help you stay organised and focused throughout the event.

Step 2- Identify Partners to build out your “Tech Toolkit”

Take time to carefully review the list of exhibitors attending the event and identify key vendors that you wish to connect with during the event. Familiarise yourself with the Exhibit Hall layout and identify the order in which you are going to approach those key vendors you wish to establish a partnership with. Often the Founders and CEO’s of the vendors attend these events and this is a golden opportunity to discover the real back story as to why the business was established and understanding the need it fills and how you can partner with them to introduce a solution to your firm or client base.

Businesses and their Advisors alike have been in a discovery phase of identifying business processes that can be “Appified” and integrated into the Accounting Engine in order to streamline efficiency and enhance business performance. Whilst this “discovery phase” will always be ongoing I believe it is now time to start to settle on solutions that comprise the core of your business solutions toolkit, not only for your firm but also for your clients – the perfect opportunity to do this is at events like QBConnect.

(Note: It’s important to take time to establish vendor relationships, identify and ask key questions that you need answering prior to committing to partnering with the vendor. Some of the typical questions I ask a vendor in order to determine if they are going to make in into our toolkit can be found at one of our earlier Blog posts

Step 3 – Network with Peers & Industry Thought Leaders

Large scale events such as QBConnect often bring together the Industry Thought Leaders and like-minded peers from around the country (and the world); you just never know who you may be sitting next to. So take this opportunity so say G’day. I have found that ABC’s the world over are very generous of their ideas, experiences and time when it comes to sharing with their peers, particularly in the inspiring and thought provoking environment of a conference. It’s just up to you to simply start the conversation ………….

Bonus Tip – Get Social & Share Your Experiences

Whilst there will be hundreds attending QBConnect, there will be many more thousands watching the event unfold from afar, eager to hear about the insights and inspiration that you have gleaned from the event, so be sure to share your experience. One of the best ways to do this is via Social Media during the event (Twitter / Facebook / Instagram and if you are under 25 no doubt Snapchat will all get a run) be sure to use #QBConnect in your posts and reference the source of your information wherever you can. Take pictures whilst at the event and if you get the chance don’t be afraid to ask your favourite presenters to pose for a “Selfie” with you, I know I will be taking any opportunity to get a pic with some of my heroes in the Accounting | Bookkeeping | Technology professions.

Remember you can continue the conference conversation well after the event. You could compile a LinkedIn or Google+ post or write a Blog article or distribute a newsletter post event sharing your conference experience with your team and clients (during the event be sure to compile a list of the top insights you learnt from each session you attend – this gives you ready made content that you can use for your article).

By following these simple steps I am certain you will amplify the return on your QBConnect  investment, which after all comprised of your hard earned money and more importantly your precious, irreplaceable time so it’s defiantly worth making the most of it.

I look forward to seeing you in Sydney at what promises to be a fantastic event 🙂

 

Clayton

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A Tribute to Bonnie Nagayama – a True Difference Maker

An incredible lady who is going to be missed around the world.

Bonnie Nagayama and Clayton Oates
Thank you Bonnie for making a significant and positive impact on my life

I first met Bonnie  (and her beautiful family) in 2010 at Pier 39 in San Francisco, in what was (when I now reflect) a “sliding door” moment for myself and my family.

We were on our first overseas trip and Bonnie was the only person I knew of who lived in North America, a connection that started with the subscribing to her QuickBooks Tips & Tricks newsletter many years earlier. Then thanks to Alain Legrand (Legrand CRM) of which Bonnie and I were consultants in (albeit on opposite sides of the world), Alain kindly made an introduction before our trip for us to connect when we were visiting San Francisco. In true Bonnie style she went out of her way to meet us at a crowded Pier 39 one Sunday afternoon in October (10/10/10), also it just happened to be Fleet Week and the crowds were enormous. We arranged to meet out front of Bubba Gump’s.
So here we were, Aussie tourists in a crowd with 5 small children just trying to keep them together looking for a lady and her family that we had never met and trying to remember from online pictures as to what she looked like. Eventually someone heard our Australian accents and approached us and said you’re not Clayton are you? – It was Bonnie!
Our families spent the day together, enjoying the wonder of fleet week celebrations, the Blue Angels flying throughout the city and the bay, chatting about the industry and what got us to this point and where we see it going. There were so many similarities with our past, Accounting Backgrounds, switching out to focus on software solutions and training in the early 1990’s, conference presenting, adopting and recommending Add-Ons including CRM solutions to our clients, helping software vendors in their product development and partnering strategies, the list goes on.
One question I had for Bonnie was “What events do you attend to further your learning around the technology and its application in the Accounting / Bookkeeping world” – her response was an emphatic – “The Sleeter Conference (now called AccountexUSA) and it’s on next month in Las Vegas, you should come to it”. I had heard of Doug Sleeter although didn’t know that there was a conference named after him (I can recall googling “Worlds best QuickBooks consultant” years earlier and Doug’s name appeared in the list so this validation by Bonnie resonated with me). The only challenge was that it had taken me 41 years to make my first overseas trip so I wasn’t quite prepared or committed to take a second within a month. However I promised Bonnie that my wife (Jacinta) and I would be there next year (2011) which we did (and every year since). This is where my connection and affinity with North America began (with now over 20 trips in 6 years), attending, learning and presenting at conferences, a special friendship with Doug and Sherrill Sleeter and hundreds of fabulous friends all began, with Bonnie, taking the time to connect with some random ex-accountant/ software consultant from the other side of the world.
Thank you Bonnie, your calm, considered “Going placidly about what you do amidst the noise of our world” approach to life is a reminder to us all that whilst we often can’t choose what happens to us we can choose how we shall respond.
My prayers and thoughts go out to Ed, Nicole and Justin and all of Bonnie’s family and friends, may you have some comfort in knowing that Bonnie has made a significant positive difference in the lives of others and I’m certainly proof of that.
Clayton Oates
QA Business
Founder
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3 Simple Steps to Dramatically boost the Return On Your Investment attending SleeterCon this year!

Know you SleeterCon Game Plan
3 Simple strategies to dramatically boost your return on attending the 2015 SleeterCon event in Las Vegas.

Make sure you have a conference game plan !

After investing more than 70 Days (attending and presenting) at Accounting | Bookkeeping |Technology events (in the USA, Australia & New Zealand) in the past 12 months I have noticed that many conference attendees (sometimes me included) are failing to realise an appropriate return on their conference investment.

This is certainly a problem that needs fixing and I have come to the conclusion that the main reason for this it that we are failing to set a “Conference Game Plan” on the way into the event.

Whilst the motivating factors for registering for an event are certainly valid, and include reasons such as;

  • Learning about future direction of the industry
  • Product Training & Business Development
  • Opportunity to see major Keynote presenter “Rock Stars” of our industry and the business world (including Doug Sleeter, Geni Whitehouse, Mike Michalowicz, Gene Marks, Rick Richardson, Seth David, Randy Johnston, Gary Boomer etc….)
  • Catching up with friends and colleagues
  • Downtime from the office (in the form of a tax deductible holiday) often at unbelievable (sometimes international) locations – well Las Vegas is both international and “Unbelievable” for us Aussies!

However there is often a disconnect between the initial motivating factors to commit time and money to attend and the implementation of actionable steps post conference.

The next major event in our industry is set down for Mid November (16th – 19th) at the Bellagio Hotel in Las Vegas where more than 1000 (ABC’s (Accountants | Bookkeepers | Consultants) will be attending one of the world’s leading Independent Accounting Tech Conferences – SleeterCon (Which I was fortunate to discover in 2011, since then we have introduced more than 50 Aussie to this unique event). A few pics of past tour parties can be found here.

So what are the 3 Simple steps we can take in order to “Set our Game Plan” and dramatically boost our ROI on attending SleeterCon?

Step 1 – Set your Agenda in advance – Now!

If you have registered to attend SleeterCon then you should have already received an invitation to build you conference agenda and one of the best ways to do this is to download and use the SleeterCon App this will help you stay organised and focused throughout the event.

Take some time to review the details of each session on the agenda and commit to sessions that you believe is what you need to help you move to the next level in your professional and business journey. Be sure to lock in ALL Keynote, Opening and Closing address sessions and I would also highly recommend the session by Ed Kless on Value Pricing. At each session you attend work on identifying 1 key action point that you can take home and implement, also if the opportunity arises ask questions and of course arrive early and stay late if time permits (you often receive that “Zinger” by listening in on conversions with the presenter beside the stage after the session).

Step 2- Identify Partners to build out your “Tech Toolkit”

Take time to carefully review the list of sponsors exhibiting at the event and identify key vendors that you wish to connect with during the event. Familiarise yourself with the Exhibit Hall layout and identify the order in which you are going to approach those key vendors you wish to establish a partnership with. Often the Founders and CEO’s of the vendors attend the SleeterCon event and this is a golden opportunity to discover the real back story as to why the business was established and understanding the need it fills and how you can partner with them to introduce the solution to your client base.

Businesses and their Advisors alike have been in a discovery phase of identifying business processes that can be “Appified” and integrated into the Accounting Engine in order to streamline efficiency and enhance business performance. Whilst this “discovery phase” will continue to be ongoing I believe it is now time to settle on solutions that comprise the core of your business solutions toolkit – the perfect opportunity to do this is at events like SleeterCon.

(Note: It’s important to take time to establish vendor relationships, identify and ask key questions that you need answering prior to committing to partnering with the vendor. Some of the typical questions I ask a vendor in order to determine if they are going to make in into our toolkit can be found at one of our earlier Blog posts

Step 3 – Network with Peers & Industry Thought Leaders

Large scale events such as SleeterCon often bring together the Industry Thought Leaders and like-minded peers from around the country (and the world); you just never know who you may be sitting next to. So take this opportunity so say hello or as us Aussies say – G’day. I have found that ABC’s the world over are very generous of their ideas, experiences and time when it comes to sharing with their peers, particularly in the inspiring and thought provoking environment of a conference. It’s just up to you to simply start the conversation ………….

Bonus Tip – Get Social & Share Your Experiences

Whilst there will be over 1000 ABC’s attending SleeterCon, there will be many more watching the event unfold from afar, eager to hear about the insights and inspiration that you have gleaned from the event, so be sure to share your experience. One of the best ways to do this is via Social Media during the event (Twitter / Facebook / Instagram and if you are under 20 no doubt Snapchat will all get a run) be sure to use #SleeterCon in your posts and reference the source of your information wherever you can. Take pictures whilst at the event and if you get the chance don’t be afraid to ask your favourite presenters to pose for a “Selfie” with you, I know I will be taking any opportunity to get a pic with some of my heroes in the Accounting | Bookkeeping | Technology professions.

Remember you can continue the conference conversation well after the event. You could compile a LinkedIn or Google+ post or write a Blog article or distribute a newsletter post event sharing your conference experience with your contacts and clients (during the event be sure to compile a list of the top insights you learnt from each session you attend – this gives you ready made content that you can use for your article).

By following these simple steps I am certain you will amplify the return on your SleeterCon investment, which after all comprised of your hard earned money and more importantly your precious, irreplaceable time so it’s defiantly worth making the most of it.

I look forward to seeing you in Las Vegas at what promises to be another fantastic event 🙂

Cheers

Clayton

PS: If you are up for listening to an Aussie (ex-Accountant, software consultant, part time golf tragic) yak at #SleeterCon for 45mins on how we can all participate (and benefit) in delivering the long overdue “Promise to Keep” in Accounting Technology then session details can be found here.

Uncategorized

How to Dramatically Boost your ROI on Attending QBConnect

3 Steps to dramatically boost your ROI on your #QBConnect investment
Make sure you have a conference game plan !

After investing more than 70 Days (attending and presenting) at Accounting | Bookkeeping |Technology events (in the USA, Australia & New Zealand) in the past 12 months I have noticed that many conference attendees (sometimes me included) are failing to realise an appropriate return on their conference investment.

This is certainly a problem that needs fixing and I have come to the conclusion that the main reason for this it that we are failing to set a “Conference Game Plan” on the way into the event.

Whilst the motivating factors for registering for an event are certainly valid, and include reasons such as;

  • Learning about future direction of the industry
  • Product Training & Business Development
  • Opportunity to see major Keynote presenter “Rock Stars” (e.g. QBConnect this year has Oprah Winfrey and Jessica Alba as main drawcards)
  • Catching up with friends and colleagues
  • Downtime from the office (in the form of a tax deductible holiday) often at exotic (sometimes international) locations (well San Jose is both international and exotic for us Aussies :))

However there is often a disconnect between the initial motivating factors to commit time and money to attend and the implementation of actionable steps post conference.

The next major (global) event in our industry is set down for early November in San Jose (the capital of the worlds tech playground – Silicon Valley) where thousands of ABC’s (Accountants | Bookkeepers | Consultants) along with Small Business Owners and Operators will be attending the Intuit (QuickBooks) flagship event – QBConnect.

So what are the 3 Simple steps we can take in order to “Set our Game Plan” and dramatically boost our ROI on attending QBConnect ?

Step 1 – Set your Agenda in advance – Now!

If you have registered to attend QBConnect then you would have already received an invitation to build you conference agenda. Take some time to review the details of each session on the agenda and commit to sessions that you believe is what you need to help you move to the next level in your professional and business journey. Be sure to lock in ALL Keynote, Opening and Closing address sessions and I would also highly recommend the session (Tuesday 3 November at 3pm) with Intuit founder Scott Cook and Lean Startup Author Eric Ries as a must see. At each session work on identifying 1 key action point that you can take home and implement, also if the opportunity arises ask questions and of course arrive early and stay late if time permits (you often receive that “Zinger” by listening in on conversions with the presenter beside the stage after the session). Also be sure to download and use the QBConnect App, this will help you stay organised and focused throughout the event.

Step 2- Identify Partners to build out your “Tech Toolkit”

Take time to carefully review the list of sponsors exhibiting at the event and identify key vendors that you wish to connect with during the event. Familiarise yourself with the Exhibit Hall layout and identify the order in which you are going to approach those key vendors you wish to establish a partnership with. Often the Founders and CEO’s of the vendors attend these events and this is a golden opportunity to discover the real back story as to why the business was established and understanding the need it fills and how you can partner with them to introduce the solution to your client base.

Businesses and their Advisors alike have been in a discovery phase of identifying business processes that can be “Appified” and integrated into the Accounting Engine in order to streamline efficiency and enhance business performance. Whilst this “discovery phase” will continue to be ongoing I believe it is now time to settle on solutions that comprise the core of your business solutions toolkit – the perfect opportunity to do this is at events like QBConnect.

(Note: It’s important to take time to establish vendor relationships, identify and ask key questions that you need answering prior to committing to partnering with the vendor. Some of the typical questions I ask a vendor in order to determine if they are going to make in into our toolkit can be found at one of our earlier Blog posts

Step 3 – Network with Peers & Industry Thought Leaders

Large scale events such as QBConnect often bring together the Industry Thought Leaders and like-minded peers from around the country (and the world); you just never know who you may be sitting next to. So take this opportunity so say hello or as us Aussies say – G’day J. I have found that ABC’s the world over are very generous of their ideas, experiences and time when it comes to sharing with their peers, particularly in the inspiring and thought provoking environment of a conference. It’s just up to you to simply start the conversation ………….

Bonus Tip – Get Social & Share Your Experiences

Whilst there will be thousands attending QBConnect, there will be many more thousands watching the event unfold from afar, eager to hear about the insights and inspiration that you have gleaned from the event, so be sure to share your experience. One of the best ways to do this is via Social Media during the event (Twitter / Facebook / Instagram and if you are under 20 no doubt Snapchat will all get a run) be sure to use #QBConnect in your posts and reference the source of your information wherever you can. Take pictures whilst at the event and if you get the chance don’t be afraid to ask your favourite presenters to pose for a “Selfie” with you, I know I will be taking any opportunity to get a pic with some of my heroes in the Accounting | Bookkeeping | Technology professions.

Remember you can continue the conference conversation well after the event. You could compile a LinkedIn or Google+ post or write a Blog article or distribute a newsletter post event sharing your conference experience with your contacts and clients (during the event be sure to compile a list of the top insights you learnt from each session you attend – this gives you ready made content that you can use for your article).

By following these simple steps I am certain you will amplify the return on your QBConnect  investment, which after all comprised of your hard earned money and more importantly your precious, irreplaceable time so it’s defiantly worth making the most of it.

I look forward to seeing you in San Jose at what promises to be an amazing event 🙂

Uncategorized

Invest in your future learning

Always invest in your future learning

With over 90% of the world’s online data having been created in the past 12 months, including 300+ hours of YouTube video uploaded every minute and hundreds of millions of hours viewed every day – there is no shortage of information in the world – but how do you work out what is worth learning and what’s not?

Two phrases about learning that have resonated with me over the past few years are;

You’ll never out earn your learning! (Brad Sugars)

Create a learning fund where you allocate 10% of your Income for the purposes of funding your future learning

Having set out to diligently follow these guides I have discovered that the second point is harder to do especially when the first one holds true, the more you learn the more you may earn.
Learning opportunities are broadly categorised into two distinct groups these days – In Person and Online.

Online learning opportunities include Podcasts, Blogs, YouTube channels, Webinars, LinkedIn, Facebook Groups and following your respected peers and Industry Thought Leaders on Twitter. It enables efficient delivery of information in huge volumes but it’s not the single source of future learning. There is no doubt that online learning is here to stay and further develop, however, there is also a resurgence in the need for face to face, live human events, it seems as though the Higher the Tech the Higher the Touch required.

One solution to spending the money you have earmarked for your “Learning Fund” is to travel (both locally and overseas) to attend conferences in your chosen field. In the past 12 months I have spent over 70 days at events and it’s amazing how well a 14 hour international flight prepares the mind for absorption of ideas and inspiration, so long as you stay away from the bar in the sky! So why not do it? Seek out the number one global event in your industry or profession and commit to attending it within the next 12 months. Plan on taking your spouse and schedule some time out days before the event if you can, so you land in the conference chair eager to learn and dedicate some time post event to review what you have learnt and set goals and devise strategy. However a word of warning! – You may get hooked on this approach to learning and your passport will quickly start to fill up.

Another thing I have learnt is that learning is a daily task, so learn to develop a learning calendar, that reminds you of this and lock in the major industry events you would love to attend in the coming 12 months (no matter where in the world). Remember that it’s not just about business (professional) development, take time out also to enhance your personal learning too; you may be surprised at what you learn.