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



Don’t forget to subscribe and leave us a review!



Connect with Chris:



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



System Six: https://systemsix.com/

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