Episode 124 | Recorded July 14, 2022

Enrico Palmerino, CEO of Botkeeper is an automated accounting platform that uses human-assisted machine learning and AI to deliver the fastest, most accurate, and lowest cost bookkeeping available to accounting firms. He is also an investor and advisor to several business venture funds and sits on the Technology Advisory Committee & Board of Corporators at Fidelity Bank. We discuss how regretful situations can blossom into blessings from the ground up. This episode is not short of inspiration and snippets in the life Enrico and how he went from making lighting more efficient and cost-friendly to innovating in the accounting space.

4 - What do you think of Accounting High?

5 - Botkeeper: The cool kids of the Accounting Space

7 - A way to make meetings cool? Have it in the pool!

8 - I’m like my best self and that’s myself I’m putting out there, unapologetically, unfiltered

9 - We can all evolve. We're still us at our core, we're never gonna really change who we

12 - Go out, you know, take risks, make changes, make mistakes, just learn from them, but never regret the life

Shoutout to Daniel Pink’s The Power of Regret

13 - Enrico’s lose-a-car, gain-a-family story

14 - The difference on our hosts’ need for speed

Shoutout to Dawn Brolin, CPA, CFE, ThinkLite

15 - ThinkLite: Enrico’s college business turned into a multi-million dollar company

19 - Botkeeper: the back office for accounting firms

Shoutout to Byron Patrick, CPA.CITP, CGMA

22 - I was like bored, stiff, and like couldn't sit still. And then was also just feeling like I lost my identity

24 - Think like a lot of entrepreneurs: Your next game is to tackle the problem you had at the prior business

27 - So more businesses demanding accounting, fewer accountants to do it. So I'm like, aha! Light bulb moment

28 - It wasn't to be like we're replacing accountants in the accounting industry. It was that if you make one accountant, do the work of three

35 - It’s way easier to sell advisory to the existing clients you have and upsell them than it is to go and find new clients and convince them

Shoutout to James Ashford’s Untapped

37 - Unknowns are very scary for a lot of us accountants

38 - AI Unchained: Hands-on, sleeves up, get sh*t done conference. This 9/25 - 9/27 in Boston

Shoutout to Karbon, Thriveal

42 - If we make firms highly efficient, standardized, next-level cloud, and they're not a Botkeeper user today, they become the best and easiest, like potential users for Botkeeper

44 - We don't necessarily know how to be good owners, managers, CEOs, people

Shoutout to Hap Klopp, Brad D. Smith Dark Horse CPAs, AICPA Engage, Joyner Lucas