I was recently speaking to a group of IT business owners about team member onboarding at XChange Nexgen. A question regarding technician compensation arose as a tangent, and since I had the time, I addressed it. I was surprised that my answer became the central topic of conversation with many follow-up questions and pens writing furiously on notepads. I’m taking that as a sign that you may want to learn about my response, too.
When we think of accounting, many of us imagine piles of invoices, relentless data entry, and lengthy balance sheets. While all of these are integral components, there's a transformative side to accounting that, when leveraged correctly, can revolutionize decision-making processes and it’s called Management-Based Accounting (MBA).
Sometimes when I think about big social issues like healthcare or education, I get a little frazzled. Why? Well, these are super complicated problems to solve. And sure, we’re going to have solutions here and there, but do you think we could ever get to the root cause of why the problems exist in the first place? That would take a serious overhaul. I can see why many MSP’s might feel similarly about their ConnectWise to QuickBooks Online integration. What I’m here to show you is that overhauls are not that challenging and it’s worth getting to the root cause of the problem so your accounting can function smoothly and give you confidence.