“The opportunity now is huge with accountants and bookkeepers to provide more of a proactive service, more forecasting, more future visibility. But certain things have to be in place for that to happen.”
- Paul Lodder
Paul Lodder, VP of Accounting Product and Strategy at Dext, discusses how bookkeepers and accountants can use cash flow forecasting and automation to move beyond compliance and become true strategic advisors.
In this interview, you'll learn…
- Why 1 in 4 small businesses face cash flow issues
- How to make cash flow forecasting personal
- How automation frees time for advisory
To learn more about Paul, click here.
Time Stamp
00:01 – Dext study on 500 Canadian SMBs
02:27 – Why 42% fear closure
04:48 – Opportunity in cash flow forecasting
07:22 – Make cash flow personal for clients
10:25 – Cost of manual vs automation
14:39 – 1 in 4 face cash flow issues
18:09 – Barriers: capacity & strategy
20:44 – Scenario planning & sensitivity
23:42 – Key metric: debtor days
27:11 – Charging for automation, value pricing
32:28 – Tech plus relationships build trust
37:29 – More conversations, more advisory
38:17 – Where to find the Dext study
This episode is brought to you by our friends at Dext!
Dext handles transaction capture, keeps your data accurate, and even simplifies e-commerce reconciliation, all in one place.
Join thousands of bookkeepers and accountants who’ve already made the switch.
If you're ready to save time, reduce errors, and make bookkeeping more efficient, Dext is for you!
Go to thesuccessfulbookkeeper.com/dext to book a demo TODAY and see how it can transform the way you work!
