Blake sits down with Rachel, Byron, and Liz to discuss the top threats facing the accounting profession, the best opportunities for CPAs as robots take over lower level tasks, the SEC's lawsuit against Kik, which is accused of conducting a $100 million unregistered ICO, and Tom Maxwell's question on Twitter, "Do you send text messages to your clients?"
Byron Patrick, a CPA whose career has been built in technology, joined us for this episode of Life In Accounting, a podcast production of Where Accountants Go. Learning Accounting through Monopoly! Byron’s was initially influenced to pursue accounting as a profession like many of us were – by taking a high school level accounting course.   He also tells the story of one of his earliest memories regarding accounting – playing a game of Monopoly and actually creating financial statements as a part of the game.  Through this experience, as well as becoming involved with Future Business Leaders of America, he realized he had a definite interest in the profession. Becoming the IT guy Byron’s career was just starting in the late 1990’s when computer systems were becoming more than just a single machine that was used for basic computations.  Systems were being connected and integrated, and he had a natural talent for being able to troubleshoot office computer issues as well as understand how to structure those early networks.  As he got more and more involved in systems work, it left less time for the core audit work that he had initially been hired for.  Through a transition to a new firm, and that firm recognizing both his talent and their need, he became the full-time IT Director at a regional CPA practice. The Early Cloud Byron’s interest in systems led him to co-found a business called Simplified Innovations where they focused on installing systems in other accounting firms.  Over an 8-year period, they grew the business to be servicing over 650 end users with only four internal staff members.  The infrastructure they built to do this was a predecessor to what we refer to as the cloud in today’s terminology. Botkeeper and The Future After a great run with his own firm, he decided to sell his interest to his partner and move on to new challenges.  Most recently, Byron has joined botkeeper, a fast-growing accounting technology company that just received additional funding from the Google organization.  One of the items you need to make sure you listen closely for in the audio interview is our discussion of what the future accountant looks like from a day-to-day perspective.  Our profession definitely isn’t going away by any stretch of the imagination.  In fact, we are becoming more and more important as businesses need individuals not to just prepare the numbers, but to help interpret them as well.   We are becoming more of the translators, or advisors, that we all strive to be in the first place, as opposed to having to handle the more mundane duties such as data entry and other similar tasks.  It is a great and exciting time to be in the profession. And if that wasn’t enough, we also get into a short discussion of Byron’s CPA tattoo…  that was a first for the show! If you enjoy this episode, make sure you also check out:  Jody Padar and Donny Shimamoto To listen in, please click on the player below:
Byron Patrick spends a lot of time shoveling horse manure. Literally. It's what comes with the territory as the owner of a small horse farm. But whether it's digging post holes for the fences or grooming the horses, he says it's nice to sit back at the end of the day and be able to see the fruits of all his hard work. In this episode, we talk about how talking about things that interest you and genuinely being interested in talking about things that interest those around you will lead to weird connections that you never thought were possible. He's also found his management skills have grown due to his time on the horse farm learning how to motivate horses to do what you what you need based on what interests them. Byron Patrick is the Managing Director of CPA Practice at Network Alliance Inc. Prior to that, he spent 8 years as the CEO & Co-founder of Simplified Innovations Inc. He's been the MACPA Chair of Board of Directors, received the Baltimore SmartCEO CPA Power Player Award Recipient in 2014 and was listed in the CPA Practice Advisors 40 under 40 for five years from 2010-2014. He graduated from Salisbury University - Perdue School of Business with a BS, Accounting. He is also holds the following certifications: CPA, CITP, MCSE, CCA and CGMA.
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Creator Details

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1 hour, 46 minutes
Podchaser Creator ID logo 088871