“I don't necessarily think that AI is going to replace accountants, but the accountants who use AI are going to really succeed.” – Kyle Geers

The finer details of this episode:

• Time-saving opportunities for AI in accounting, particularly in data entry and bookkeeping
• Technical work and incorporation of AI in complex areas
• Importance of maintaining a review process when using AI, especially for accuracy and confidentiality

Episode resources:

• Summit Virtual CFO by Anders website: https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://www.zeroed-inconsulting.com/
• https://www.linkedin.com/in/kylegeers/

“A lot of people wonder if they can afford an executive assistant. So, let’s say that you have an executive assistant whom you delegate ten hours of work to every week. How would you spend those ten hours? What high-level work could you get done? I think we're all willing to work a hard day. But then, we want to go home satisfied and fulfilled. It’s about quality of life.” - Gina Cotner

The finer details of this episode:

• Discussion of “delegate and elevate” and the types of tasks that can be delegated
• Differences between executive assistants and virtual assistants
• Importance of communication expectations and finding the right communication channels
• Pricing models and considerations when choosing an executive assistant service

Episode resources:

• Summit Virtual CFO by Anders website: https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://athenaexecutiveservices.com/
• https://www.linkedin.com/in/athenaea/

“A complaint is nothing more than a request in disguise. If we approach it from a place of curiosity and hear what they have to say, that's where the conflict resolution comes in; that's where the trust comes.” – Carol Bowser

The finer details of this episode:

• Challenges of establishing trust and rapport without in-person interactions
• Shifting from blaming to a curiosity mindset
• Asking questions to understand changes in behavior
• Exploring underlying requests in complaints

Episode resources:

• Summit Virtual CFO by Anders website: https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://conflictmanagementstrategies.com/
• https://www.linkedin.com/in/carol-bowser/

“The systems of your business are already there. The work is already happening. We help you get better at the work by standardizing and optimizing it. We're going to revolutionize little pieces of your business one at a time, and that’s what make the difference.” – Josh Fonger

The finer details of this episode:

• Focus on the problem of being too busy and not having systems in place to work on the business
• Importance of putting the principles into practice and working with diverse clients
• Goal of helping businesses become more productive and effective through systematic strategies
• Importance of having a systems mindset, clear vision, and documented procedures

Episode resources:

• Summit Virtual CFO by Anders website – https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://wtsenterprises.com/
• https://www.linkedin.com/in/joshfonger/

“There are a lot of emotions tied to money. If you don't have a good forecast or good roadmap of what to expect from the business journey you're about to go on, your emotions are going to be all over the place.” -Terrell Turner

The finer details of this episode:

• Importance of effective communication and understanding financial metrics for non-finance professionals
• Bridging the gap between accounting and non-finance professionals in law firms
• Importance of cash-flow forecasting for law firms
• Evolution of forecasting tools and the importance of real-time updates
• Leveraging outside resources and networking for fresh ideas

Episode resources:

• Summit Virtual CFO by Anders website: https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• www.TLTurnerGroup.com
• https://www.linkedin.com/in/terrellturner/

The finer details of this episode:

• Obstacles faced by cannabis businesses, such as banking and expense reporting
• Overview of the cannabis industry and its various sectors 
• Importance of forecasting for cannabis businesses
• Metrics valuable for retailers in the cannabis space

Episode resources:

• Summit Virtual CFO by Anders website: https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/

Virtual CFO services for the cannabis industry: 

https://anderscpa.com/virtual-cfo-cannabis/

“I started working with CPA firms and law firms and realized that there's a huge disconnect out there, and the same thing is happening with family offices. As a result, we figured out how to become that connection point and how to bridge the gap between the best firms in the country and then the best tax attorneys, the best specialists, and the best resources out there.” - Alex Sonkin

The finer details of this episode:

• Services provided by Virtual Family Office, including tax elimination and cost-reduction strategies
• Introduction to the Virtual Family Office model and its benefits for accessing global resources
• Discussion on the challenges of navigating the tax code and the disconnect between top CPA firms and tax strategies
• How CPAs with specialized tax knowledge differentiate themselves from other players in the financial service industry

Episode resources:

• Summit Virtual CFO by Anders website – https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://vfohub.com/
• https://www.linkedin.com/in/alexsonkin/

“One of the pros of niching is that it facilitates being able to dial in your process and create more consistent results for your clients. And when your results for your clients are more consistent, it becomes much easier to advocate, to articulate, the value that you're creating, and you get more confident in your ability to deliver those results because you've systematized it and you've seen it again and again.” Geraldine Carter

The finer details of this episode:

• Advice on navigating the difficult conversation of firing clients and the potential benefits of focusing on a niche market
• Creating packages or tiers of services to provide options and avoid one-size-fits-all pricing
• The importance of finding a niche market and understanding pain points to effectively communicate value and serve clients

Episode resources:

• Summit Virtual CFO by Anders website – https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://geraldinecarter.com/
  • Download Geraldine’s Master Value Creation Checklist for free! https://geraldinecarter.com/value
• https://www.linkedin.com/in/geraldine-carter/

“That five-minute explanation of your ingenious tax strategy that you gave your client was the combination of your experience–school, studying, training, conferences; all of these things culminate into that five-minute answer, so give yourself credit where it's due. You're a professional and deserve that value.” - Roger Knecht

The finer details of this episode:

• The three core services in accounting firms: accounting and bookkeeping, tax planning and preparation, and CFO and advisory
• Empowering accounting professionals to recognize their worth and value
• Permission and clarity in transitioning to an advisory role 

Episode resources:

• Summit Virtual CFO by Anders website – https://www.summitcpa.net/
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Check out the Virtual CFO Playbook Course: https://vcfoplaybook.summitcpa.net/
• https://universalaccountingschool.com/
• Roger Knecht | LinkedIn

“Selling is actually something you do with people. It's a collaboration. Your objective of sales is not to try to convince people to buy from you; that's where you get into that place that feels uncomfortable and manipulative.” - Nikki Rausch

The finer details of this episode:

• Utilizing your network to make connections
• Creating curiosity in sales calls 
• Improving communication with sales techniques 

Episode resources:

• Summit Virtual CFO by Anders website – summitcpa.net
• If you have questions or would like to be a guest on the show, email us at [email protected]
• Sales Training and Mentoring Specialists | Professional Sales Trainer (yoursalesmaven.com)