Accountants EXPOSED

Making yourself obsolete with David Smith

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Technology and innovation is undeniably changing our lives, David Smith is passionate about creating new opportunities for Accountants and the Accounting industry, reveals how we can take advantage of it and the secrets to building a highly efficient and profitable accounting firm. 

In this podcast with David Smith from Smithink, we discussed everything from innovation, networking, finding passion in your work and many more topics::

  • Top things accounting firms are doing wrong
  • Biggest opportunities for accounting firms right now
  • Powerful/effective ways of doing performance and job reviews
  • Interviewing tactics David uses to identify great talent
  • Best strategies for retaining and developing your staff
  • His journey from accountant to programmer and how he revolutionised the accounting industry with the software he created
  • How tech and innovation changed the industry
  • Power of building a network and relationships for your career and specific tips to use at networking events
  • Delegating your clients to your staff
  • Most impactful innovations in the profession in the last 50 years
  • Importance of mindset in moving to a paperless office
  • Most powerful things accounting firms can do for their firm, and how to do it
  • Importance of using recruiters to get stars
  • Remote working and productivity - especially with junior staff
    • I wish somebody had said to me at 18, “David, the most important thing you can do is to start working hard at building your network and building your relationships.”

    Profile

    David Smith is an experienced professional with more than 40 years in the Accounting industry. He aims to help fellow accountants by providing consulting services that aids with their drawbacks in practice, challenging and guiding them into building a firm that’s focused on being proactive and opening doors that will help them be closer to their clients.

    He believes that technology creates numerous possibilities and growth. His mission - to solve issues relating to the future of the Accounting Industry!

    Some quick facts:

    • Founder of Smithink
    • He was managing partner of PKF, Sydney; he created PKF CRS and Superfund software, and coached many small firms.
    • Chairman of Patronus Risk Specialists, and the advisor to a number of suppliers to the accounting industry.
    • 2003 President of the Institute of Chartered Accountants in Australia, was an initial director on the listing of Countplus, the ASX listed aggregator of many accounting and related businesses.
    • He was managing partner of PKF, Sydney; he created PKF CRS and Superfund software, and coached many small firms.
    • Creator of the major ATSA technology event for the accounting industry which was sold to National Media in 2017.
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      Accountants EXPOSEDBy Michael Edelstein