CPA Trendlines Podcasts Matt Tait: The Monthly Close Should Be History | The Concierge CPA
Jun 9, 2025
In this discussion, Matt Tait, Founder and CEO of Decimal, shares his unique journey from attorney to innovator in accounting technology. He emphasizes the necessity of real-time finance and the transformative role of AI in enhancing client engagement. The conversation dives into the benefits of fixed-fee pricing, strategic partnerships, and effective outsourcing in scaling service-based companies. Tait also highlights the importance of clear communication in tax advisory partnerships, ending with a light-hearted segment of nostalgic movie moments.
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Lawyer to Innovative Accountant
- Matt Tait transitioned from being a lawyer to building an accounting operations firm focusing on client experience.
- Decimal was started inside a traditional firm and then bought to create a more operator-focused service.
Tailor Client Workflows
- Segment clients into essentials and premium groups to tailor bookkeeping workflows and client interactions.
- Automate daily financial tasks and minimize month-end closes to provide near real-time financial data.
AI Needs Human Context
- AI cannot fully replace accountants because accounting requires contextual knowledge and audit trails.
- Collaboration between accountants and tech companies is crucial to create effective AI-driven accounting tools.