060 The Accounting Game (feat. Chris Williams, CEO)

Episode 60 | Recorded February 22, 2022

Guest: Chris Williams, CEO of System Six

Hosts: Nikole Mackenzie, CPA & Scott Scarano, EA

Sponsor: Karbon - visit karbonhq.com to learn more

Today, Scott and Niks are joined by Chris Williams, Owner/CEO of System Six, a 100%-remote outsourced accounting services firm. Before System Six, Chris served as an advisor to and investor in medium-large sized businesses. He’s worked for several fast growing companies, and holds a business degree from Stanford.

2 - Chris = Cool (surprise engagements, running the media circuit, hitting the links ...)

Shout out to DWYT, Kenji Kuramoto

7 - How Chris’s finance background led to acquiring System Six

Shoutout to Jeremy Allen

11 - Numbers talk – revenue, and cashflow, and EBITDA, oh my!

15 - Why cloud accounting is so hot right now

17 - The System Six biz model

18 - Opportunity in operations issues

22 - Why it’s okay to lose clients

24 - Chris is living his best life and he's wearing 10 different hats!

26 - Learning curves inside System Six

29 - Talking profit share, work/life balance, and staff shuffling

32 - Cash v. Accrual v. Tax – the pain-point discussion

Shoutout to Tallyfor, Peter Wen and Michael Ly

37 - Should you switch to Karbon?

Shoutout to Karbon

41 - All about cybersecurity – email, system backups, passwords, insurance, etc.

Shout out to AWS, QBO, Azure

47 - Client conversions – should you, or shouldn’t you?

Shoutout to Xero, Gusto, and Google

49 - Tech Tool Talk

51 - Grading clients – the red flags

53 - Chris’s parting words of wisdom

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Connect with Chris:

LinkedIn: https://www.linkedin.com/in/chris-williams-68057029/

System Six: https://systemsix.com/