Fix QBO Errors Fast: Boost Your Bookkeeping Accuracy w/ Leeroy Beeby

Thanks for listening to another episode of Building the Premier Accounting Firm with Roger Knecht. Today Roger is joined by Leeroy Beeby, co-founder of Level, an error detection software for QuickBooks Online. They discuss how niching down services and using technology like Level can improve margins and streamline operations, even amidst the evolving landscape of AI in accounting.

In This Episode:

00:00 Welcome & Guest Introduction
01:21 Leroy’s Path to Accounting
03:10 Starting a Construction Accounting Firm
05:45 Keys to Firm’s Rapid Growth
07:20 Hiring Lessons Learned
10:52 Transition to Tech: Level Copilot
14:03 AI & Automation in Bookkeeping
16:16 Level Copilot vs. QuickBooks Online
18:53 Implementing New Technology
21:37 Roger’s Tech Implementation Insights
23:55 Surprises from Level Copilot Use
25:52 Accounting Firm vs. Software Company
27:36 QuickBooks Online’s Impact on Tech
29:38 Improving Firm Margins Today
31:02 Gratitude and Future Outlook
32:18 Future of Accounting & Calls to Action
34:53 Conversation Summary & Closing Thoughts
37:38 Final Words & Resources

Key Takeaways:

• Niche Down: Focus on specific client needs, like job costing for construction, to drive growth and attract ideal clients.

• Hire Smart: Implement a multi-stage interview process, including case studies, to ensure cultural fit and technical proficiency.

• Embrace Technology: Leverage software like Level to proactively identify errors, improve team communication, and enhance service quality.

• Optimize Margins: Understand your ideal customer, say “no” to bad clients, and increase prices for valuable services to improve profitability.

• Stay Optimistic: Maintain a positive outlook and adapt to changes in the industry, including the rise of AI, viewing them as tools to enhance efficiency.

Featured Quotes:

• “Trying to help my parents with their problems, I pursued a career in accounting.” — Leeroy Beeby

• “Niching was really important. Understanding, like, hey, you know, we were solving a very specific problem at that time and we could sell that quite easily to contractors.” — Leeroy Beeby

• “Level is the icebreaker for the questions to be asked on like, okay, well, what’s the correct process for this?” — Leeroy Beeby

Conclusion:

Thank you for joining us for another episode of Building the Premier Accounting Firm with Roger Knecht. For more information on how you can establish your own accounting firm and take control of your time and income, call 435-344-2060 or schedule an appointment to connect with Roger’s team here.

 

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