Navigating the Niche of Revenue Accounting

02/29/24 • 33 min

The Closers: Modern Revenue Accounting Podcast

This episode features an interview with the hosts of the RevRec Gals Podcast, Natasha Castelli, Revenue Recognition Consultant at Apta Consulting Group, and Susan Holmes, Revenue Recognition Consultant at S. Holmes Consulting.

In this episode, Natasha and Susan discuss how to foster a community that supports and educates its members while embracing the "revenue curious". You’ll hear from Natasha and Susan about the RevDesk initiative focusing on revenue accountants and the great work it’s accomplishing. The episode also touches on collaboration, learning from peers, and the evolving nature of an accountant’s career journey.

Em’s Takeaways :

Passion for RevDesk: I love the RevDesk initiative, especially in the niche community of revenue accountants. It's a needed space where we can support each other and contribute to the growth and knowledge of this unique community.
Proactive Business Partnership: Our conversation underscores the recurring theme of being a proactive business partner, emphasizing the importance of early involvement to build bridges and contribute to the success of business goals.
Podcasts and Professional Networks: The discussion on podcasts like RevDesk highlights the value of professionals learning from each other, broadening networks within specific industries, and creating a platform for insights that can be directly applicable to one's own business or profession.

Timestamps:

*(02:29) - Off the Ledger

*(06:52) - General Ledger

*(24:24) - The Future of Revenue Accounting

Links:

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn

Em’s Takeaways :

Passion for RevDesk: I love the RevDesk initiative, especially in the niche community of revenue accountants. It's a needed space where we can support each other and contribute to the growth and knowledge of this unique community.
Proactive Business Partnership: Our conversation underscores the recurring theme of being a proactive business partner, emphasizing the importance of early involvement to build bridges and contribute to the success of business goals.
Podcasts and Professional Networks: The discussion on podcasts like RevDesk highlights the value of professionals learning from each other, broadening networks within specific industries, and creating a platform for insights that can be directly applicable to one's own business or profession.

Timestamps:

*(02:29) - Off the Ledger

*(06:52) - General Ledger

*(24:24) - The Future of Revenue Accounting

Links:

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn

Previous Episode

The Power of Clean Data, Automation, and Collaboration

In this episode, Roxanne Brady and Jesse Fillerup from the Connor Group discuss the transformative impact of accounting automation on businesses. They delve into the evolution of technology and its incorporation into various industries. Roxanne emphasizes the necessity for a mix of traditional and innovative tools to ensure business efficiency. Jesse further elaborates on the importance of cross-functional team collaborations and the need for a dynamic approach in revenue accounting. They both advocate for automating repetitive tasks, discussing the return on investment that comes from more reliable and efficient systems and processes.

Em’s Takeaways :

The top three areas of focus to work on with clients:
- Embrace the power of clean data: Roxanne shares why squeaky-clean data is your secret weapon for smooth system operations.
- Teamwork makes the dream work: It's all about teamwork! The accounting department collaborates with sales, legal, and operations to make smart decisions together. Everyone needs to grasp revenue recognition principles for smooth sailing.
- Train your team cross-functionally: Let's get everyone on the same page. Training can minimize confusion and maximize efficiency.
Prioritize automation and system integration for high-growth companies: Roxanne and Jesse stressed the significant ROI of automation, enabling swift scaling alongside company growth. Their advice? Opt for a customized tech stack that suits your needs, ensuring robust inter-system connections for efficiency and accuracy.

Episode Timestamps :

*(00:08) - Off the Ledger

*(09:27) - General Ledger

*(38:49) - The Future of Revenue Accounting

Links:

Check out additional resources for this episode:

>> Connect with Em Daigle on LinkedIn