Scott Lindeblad’s Post

If there’s one thing I’ve learned in the past month, it’s that Xero and its app ecosystem have the potential to become powerhouses in supporting a business’s financial needs for years to come. But here’s the catch: The biggest barrier for finance professionals is figuring out which apps within this ecosystem are best, how to use them effectively, and most importantly, how to implement them quickly. That’s where CFO Techstack's new 𝗧𝗵𝗲 𝗦𝘁𝗮𝗰𝗸 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 comes into play. This Slack-based forum is built exclusively for in-house finance leaders and accountants, offering a space to connect, learn, and share insights. In this community, you can learn directly from your peers, share valuable insights, and ultimately refine and optimize your finance tech stack. While you’re at it, check out the 𝗛𝗼𝘄 𝗜 𝗦𝘁𝗮𝗰𝗸𝗲𝗱 𝗜𝘁 feature in their newsletter. It’s a fantastic resource that showcases which apps finance leaders use in their tech stacks and why. If you’re looking to make sense of the Xero app ecosystem and see what other industry professionals are using, I hope this helps! 𝗧𝗵𝗲 𝗦𝘁𝗮𝗰𝗸 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲: https: //tally.so/r/mKJGdD CFO Techstack's Newsletter: https://lnkd.in/dyXHHTVN Ps. Both sign-ups are free - you're welcome 🙂

🎉 Breaking News: Xero Discovers Revolutionary Business Strategy never tried before 🎉 Step 1: Take your existing product Step 2: Give it a shiny new name Step 3: Increase the price by 10% Step 4: Bumper profit! Fill yer boots, folks! 💰 Who knew that the secret to innovation was hiding in plain sight all along? Bravo, Xero, for bravely implementing the "Same-Product-New-Name-Higher-Price" strategy that definitely hasn't been used since the very dawn of commerce. Next up: Water rebrands as "Hydro+" and charges extra for the plus sign. #BusinessInnovation #PricingMagic #SameOldNewTrick

Day 1 out of 24...LETS GOOOOO 🎄🎬 The very first video in our series has landed and we are super excited to share with you this time-saving Xero tip that even our Co-Founder didn't know till recently 😳 Did you already know this? Tell us your favourite Xero tip that saves you time in the comment section below ⬇️ Don't forget to follow us so you join us on this 24 day adventure! #Xero #XeroJournal #BusinessTips #XeroCertified

Planning ahead is key. Xero has a useful feature that allows you to plan the upcoming payments. Once you select the planned payment dates, it summarises the upcoming payments on each date on the top banner. Glad to be back doing video content on Xero tips. Keep a look out for more to come over the next few weeks.

Ironically, I am connected with many accountants, which is ironic because other accountants aren't my ideal clients and are often seen as competitors. However, I prefer collaboration over competition, except in sports where I am fiercely competitive. Accounting community, what is your take on the debate sparked by Xero's recent price increase? Are you a QB, XERO, SAGE, or Freeagent fan? Share your preference and why. I am a Xero guy. I appreciate its flexibility in reporting, cloud-based nature, user experience, and seamless integration with various apps. It works for my ideal clients with a turnover of £500k+. What are your thoughts? #Accounting #Xero #QB #SAGE #Freeagent #BookkeepingSoftware #CollaborationvsCompetition

I enjoy it when the accounting community thinks they are in the middle of a serial drama plot! May's episode whipped up by Xero's announcement of their subscription plan changes. If you are an accountant that doesn't see Xero's value then you probably aren't the right fit for it and that's absolutely fine, there will be something more suitable for you out there. Xero can't be everything to everyone and they probably don't want to be. For me personally, whilst I don't believe there is one solution that fits all, I do find that my clients investing in Xero saves them time, money and headaches in the long run. If I put a pound of the cost to each minute they save I quickly run out of pounds and the minutes keep building. And that's without thinking of the value the cost adds to the business in terms of giving the ability to strengthen cash flow, enhance profit and enable better decision making. £30-£50 is insignificant to what the return on investment can be IF you use the software to its full potential. I consider Cottons Group relationship with Xero to be a partnership and I'm glad to see our partner moving forward and having positive strategy. Who wants a partner that sits still and doesn't take opportunities?! It's certainly not what we would advise a client to do. Looking forward to June's scandal which hopefully comes from Xerocon where I'm sure we are going to hear about what else the product is about to bring to the table for everyone's cost v benefit analysis 😂 #allpublicityisgoodpublicity #ValueOverPrice #softwareselection

Everyone always wants to do the sexy stuff like "strategy" but you need to nail the basics, roll up your sleeves, do the boring work, understand the transactions and then the strategy will often be quite obvious. This is an excellent map from David Tuck of the technology and tools that help deliver, or make more efficient, the different areas of finance. They are the basics building blocks of finance. Nail them, and then nail the strategy.

This summary below is about promoting Mayday but it nicely depicts the system architecture in a business by department or area. No one single tool is the answer rather an ecosystem that serve a particular purpose in their area. #Finance #Systems

At Mayday, we're all about making life simpler for multi-entity Xero users. Recently, our Co-Founder and CEO, David Tuck, hosted a CFO Techstack webinar with the brilliant Annie Hawkins from Xero and Paresh Makwana from Outernet London. One standout feature discussed was the chart of accounts page. When a new entity joins your Xero group, you can effortlessly roll out your standard chart of accounts from Xero HQ. This not only saves precious time but also ensures rock-solid consistency across your entities. It makes comparing companies a breeze and cuts down on tedious mapping when using consolidation apps 🛠️ Ready to transform how you handle multiple entities with Xero HQ? Don't miss out—catch up on our webinar here: https://bit.ly/4bp7yEg #XeroHQ #AccountingSoftware #ChartOfAccounts #MultiEntity

Perhaps today you’ve had enough?   I imagine you feel like you're hand is being forced? Xero productivity today due to slow systems costing you time and money, but you have no time to change? Not even Tinkerbell can save you today!   It's not like anyone would be open to answer your questions after work hours, right?   Err… wrong! Service starts now! Unprecedented demand for Engager.app means we are monitoring support queries until 9pm each night this week.   Combine that with a great help centre, simple import tool and a platform that still has accountants honing it every day. Knowing we'll be there to guide and support you during this frustrating time is what we’re about.. No obligation, just help if you need it.   See… there is a better way #theEngagerWay