Listen to David and Paul as they interview Joseph Healy from Judo Bank, LIVE at the SOFY Party, as they discuss about the banking industry, the economy and Judo Bank.

The cover:


Bank controversies and where banks have missed out the needs of the small and medium sized businesses
How major banks are so focused on their profit maximisation and have made a huge mistake when they lost sight of their social license. 
The uniqueness of Judo Bank where the major banks have fallen off
One of Joseph's major regrets in agreeing to outsource financial analysis to India at NAB where it dropped banks costs to 30% but also reduced the quality as well.
Judo Bank's first actual operating day and how they compete with the big major banks.


Finally, Joseph responds to some crowd queries regarding the banking industry.

About Us

From the Trenches is brought to you by Paul Meissner from Freedom Mentoring and David Boyar from Sequel CFO. Proudly sponsored by BGL and The Outsourced Accountant.

Listen to David and Paul as they interview Joseph Healy from Judo Bank, LIVE at the SOFY Party, as they discuss about the banking industry, the economy and Judo Bank. The cover: 
<ul>
<li>Bank controversies and where banks have missed out the needs of the small and medium sized businesses</li>
<li>How major banks are so focused on their profit maximisation and have made a huge mistake when they lost sight of their social license.&nbsp;</li>
<li>The uniqueness of Judo Bank where the major banks have fallen off</li>
<li>One of Joseph's major regrets in agreeing to outsource financial analysis to India at NAB where it dropped banks costs to 30% but also reduced the quality as well.</li>
<li>Judo Bank's first actual operating day and how they compete with the big major banks.</li>
</ul>
 Finally, Joseph responds to some crowd queries regarding the banking industry.
About Us
<a href="https://www.fromthetrenches.com.au/">From the Trenches</a> is brought to you by <a href="https://www.linkedin.com/in/meissnerpaul/">Paul Meissner</a> from <a href="https://freedomaccountingsystem.com/">Freedom Mentoring</a> and <a href="https://www.linkedin.com/in/davidboyar/">David Boyar</a> from <a href="https://www.sequelcfo.com/">Sequel CFO</a>. Proudly sponsored by <a href="https://www.bglcorp.com/">BGL</a> and <a href="https://theoutsourcedaccountant.com/">The Outsourced Accountant</a>.

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. 
David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? 

If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. 

Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted.

https://www.fromthetrenches.com.au/

From The Trenches

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. 

David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. 

It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. 

This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. 

This podcast won’t be for the faint hearted. https://www.fromthetrenches.com.au/

In the age of FAKE NEWS, brave souls are needed to fight through the noise and give accountants in practice the support and information they deserve. David Boyar and Paul Meissner share a passion for the role Accountants play in the Australian economy. As the engine room of the economy, small - medium businesses rely on their accountant for technical knowledge, business acumen and professional (and often personal) support. As the way accountants work (through technology) and service (through new services like Virtual CFOs) changes, we have to ask If accountants are helping their client’s, who is helping Accountants? If you read the Accounting Industry news and listen to the industry leaders then the Accounting industry is at war. It’s a war against technology, the ATO and even UBER (apparently). The problem is that most of the leaders have never worked in practice. They are subject matter experts but can't offer the perspective of someone who had to actually have conversations with clients about implementing technology, actually moved to value pricing, actually compared technology features and how an entire team may be impacted by them. Each week in this podcast, 2 plucky Chartered Accountants will bring you the real stories ‘from the trenches’. This no holes barred, feisty, yet humorous take on the Accounting landscape will be entertaining while sending a message to the scaremongers, that the FAKE NEWS must end. By following a simple podcast formula, David and Paul will deliver rapid value straight to your earphones. With segments like ‘best and worst of the week’, ‘Fake News exposed’ and a the rapid format ‘5 questions in 5 minutes’ special guest interviews, what more could you want. This podcast won’t be for the faint hearted. https://www.fromthetrenches.com.au/

Interviews: From the Trenches

Interview: Joseph Healy, CEO at Judo Bank (Live from SOFY Party)

G'day friends,

Been a while but Dave made Paul a promise - that he could make the most content rich accounting event, filled with high value content, a fair balance for sponsors and organizers, and a proper party.

And Paul is the sort of person who holds people to account....
The agenda is finalised
The band is booked
The drinks budget has been broken
The Access Group has a monstrous new take on AI to share



And there's about 30 tickets left.................... and Dave said it would sell out ....so you know...help him out.

Get your tickets at accessallareas.au

Access All Areas - Access All Areas

Sorry about some of the audio, we are out of form. 

G'day friends,
Been a while but Dave made Paul a promise - that he could make the most content rich accounting event, filled with high value content, a fair balance for sponsors and organizers, and a proper party.
And Paul is the sort of person who holds people to account....
<ul>
<li>The agenda is finalised</li>
<li>The band is booked</li>
<li>The drinks budget has been broken</li>
<li>The Access Group has a monstrous new take on AI to share</li>
</ul>
 
And there's about 30 tickets left.................... and Dave said it would sell out ....so you know...help him out.
Get your tickets at accessallareas.au
<a href="https://accessallareas.au/">Access All Areas - Access All Areas</a> 
Sorry about some of the audio, we are out of form.

"It's pretty Epic"

As Statler said to Waldorf, the witty old blokes in the VIP box on the Muppet show;

“There’s a lot to be said about this program.”

To which Waldorf quipped back;

“Too bad you can’t say it on a family show!” The bothed harrumphed and probably cut to a clip of Kermit trying to get animal ready for his next scene.

And in the spirit of that nostalgia Trenches starts it's 8th year.

Paul and David say a huge THANK YOU for investing some of your time listening to us.

Because of you we are earn the meaningless perk of being ranked in the top 20% most listened to podcast on earth.

Not bad for a show about real life in the accounting industry.

Best on Ground

David

CAANZs budget submission covers everything - but will Canberra listen? - CAs influence has to be at a weak point  https://www.charteredaccountantsanz.com/news-and-analysis/advocacy/policy-submissions/pre-budget-submission-2023-24

Karbons payments product was bigger than expected https://karbonhq.com/feature/billing-and-payments/

Fox Sports - Stick to highlights of the 2016 and 2023 Grand Finals, leave the balance sheets to us https://www.linkedin.com/feed/update/urn:li:activity:7163833930805096449/



Paul 

Paul hit the ChangeGPS National tour to see the launch of Protect - David calls it the biggest innovation in accounting in a decade  https://changegps.com.au/apps/protect

DECLARATION OF INDEPENDENCE - David did not ask Paul to cover this, in fact David has begged Paul to talk about ChangeGPS in the past and he has said no. The comments in the show are 100000% because Paul chose to share them. 

MYOB lampoons instant invoicing in the best way https://www.youtube.com/watch?v=RVzPKz_Uz2M





Worst on Ground

Paul

Flexible Hours will suffer thanks to the right to switch off https://www.afr.com/work-and-careers/workplace/business-fights-back-against-right-to-disconnect-from-work-20231220-p5esol#:~:text=%E2%80%9CA%20legislated%20right%20to%20disconnect,are%20unreasonable%2C%E2%80%9D%20she%20said. 

Agent Linking- David completely misunderstood the issue but Paul was in the room when it was workshopped….what actually happened is worse.

Ethics and the insane tokens accountants need to jump through as CA clings to a belief it can regulate the profession. Pledges, dobbing in peers increased ethics training. 

David

Media reports of 150 ATO agents linked to tik tok GST fraud is good ol fashioned clickbait

As Statler said to Waldorf, the witty old blokes in the VIP box on the Muppet show;
“There’s a lot to be said about this program.”
To which Waldorf quipped back;
“Too bad you can’t say it on a family show!” The bothed harrumphed and probably cut to a clip of Kermit trying to get animal ready for his next scene.
And in the spirit of that nostalgia Trenches starts it's 8th year.
Paul and David say a huge THANK YOU for investing some of your time listening to us.
Because of you we are earn the meaningless perk of being ranked in the top 20% most listened to podcast on earth.
Not bad for a show about real life in the accounting industry.
Best on Ground
David
CAANZs budget submission covers everything - but will Canberra listen? - CAs influence has to be at a weak point  <a href="https://www.charteredaccountantsanz.com/news-and-analysis/advocacy/policy-submissions/pre-budget-submission-2023-24">https://www.charteredaccountantsanz.com/news-and-analysis/advocacy/policy-submissions/pre-budget-submission-2023-24</a> 
Karbons payments product was bigger than expected <a href="https://karbonhq.com/feature/billing-and-payments/">https://karbonhq.com/feature/billing-and-payments/</a> 
Fox Sports - Stick to highlights of the 2016 and 2023 Grand Finals, leave the balance sheets to us <a href="https://www.linkedin.com/feed/update/urn:li:activity:7163833930805096449/">https://www.linkedin.com/feed/update/urn:li:activity:7163833930805096449/</a> 
 
Paul 
Paul hit the ChangeGPS National tour to see the launch of Protect - David calls it the biggest innovation in accounting in a decade  <a href="https://changegps.com.au/apps/protect">https://changegps.com.au/apps/protect</a> 
DECLARATION OF INDEPENDENCE - David did not ask Paul to cover this, in fact David has begged Paul to talk about ChangeGPS in the past and he has said no. The comments in the show are 100000% because Paul chose to share them. 
MYOB lampoons instant invoicing in the best way <a href="https://www.youtube.com/watch?v=RVzPKz_Uz2M">https://www.youtube.com/watch?v=RVzPKz_Uz2M</a> 
 
Worst on Ground
Paul
Flexible Hours will suffer thanks to the right to switch off <a href="https://www.afr.com/work-and-careers/workplace/business-fights-back-against-right-to-disconnect-from-work-20231220-p5esol#:~:text=%E2%80%9CA%20legislated%20right%20to%20disconnect,are%20unreasonable%2C%E2%80%9D%20she%20said">https://www.afr.com/work-and-careers/workplace/business-fights-back-against-right-to-disconnect-from-work-20231220-p5esol#:~:text=%E2%80%9CA%20legislated%20right%20to%20disconnect,are%20unreasonable%2C%E2%80%9D%20she%20said</a>. 
Agent Linking- David completely misunderstood the issue but Paul was in the room when it was workshopped….what actually happened is worse.
Ethics and the insane tokens accountants need to jump through as CA clings to a belief it can regulate the profession. Pledges, dobbing in peers increased ethics training. 
David
Media reports of 150 ATO agents linked to tik tok GST fraud is good ol fashioned clickbait

Can CA regulate the profession? | MYOB's ripper new add | The biggest innovation in 10 years

My Father was a public practitioner for 40 years and my family lost him this year. 

One day, everyone of your families will be in this position. This episode, might be important to them. At some point in your life, it might be important for you. 

The first 8.5 minutes of this episode I talk about Dad. He came to Australia with very little, was brought up through welfare homes and then together with my mum raised my sister and I, while building an accounting practice that sustained my family through millions of happy moments. If it is too heavy for you, I understand, sharing this is an indulgence for me, you can skip it if you want to. 

If you skip it, you need to know this bit. 

Regular listeners would knowhow influential Dad was on my career and values. He is the reason I understand what you do so well. And why I realised I was better placed to help you rather than small business clients. 

Paul and I then talk through the first two weeks, the transition to get Paul control to service clients, and how he navigated the day to day while managing his practice and his family. 

Finally we talk through the sale process and what it means for for my family

While dealing with the grief, Paul stepped in as director and ran the day today while I worked through a sale process.

Not every family has a Paul or a son like me, our knowledge of the industry helped. 

And not everyone has a friend like Paul, who stepped up the way the very best of friends do, when you are at your lowest. 

I hope when reading this  line, you appreciate my lesson here.

I develop, sell and support accounting technology for a living, so it is with honesty that I say:-

The tech you use doesn't matter. 

All that matters. Is your health, and your relationship with your clients.

Yes, you're all that matters.





______________________



Cultural Note

Z"L is an English rendering of a common Hebrew posthumous honorific.

ז״ל‎ (Z"L) is the acronym of זיכרונו לברכה‎ (zikhronó liv'rakhá, literally “may his memory be a blessing”. - wikipedia.

My Father was a public practitioner for 40 years and my family lost him this year. 
One day, everyone of your families will be in this position. This episode, might be important to them. At some point in your life, it might be important for you. 
The first 8.5 minutes of this episode I talk about Dad. He came to Australia with very little, was brought up through welfare homes and then together with my mum raised my sister and I, while building an accounting practice that sustained my family through millions of happy moments. If it is too heavy for you, I understand, sharing this is an indulgence for me, you can skip it if you want to. 
If you skip it, you need to know this bit. 
Regular listeners would knowhow influential Dad was on my career and values. He is the reason I understand what you do so well. And why I realised I was better placed to help you rather than small business clients. 
Paul and I then talk through the first two weeks, the transition to get Paul control to service clients, and how he navigated the day to day while managing his practice and his family. 
Finally we talk through the sale process and what it means for for my family
While dealing with the grief, Paul stepped in as director and ran the day today while I worked through a sale process.
Not every family has a Paul or a son like me, our knowledge of the industry helped. 
And not everyone has a friend like Paul, who stepped up the way the very best of friends do, when you are at your lowest. 
I hope when reading this  line, you appreciate my lesson here.
I develop, sell and support accounting technology for a living, so it is with honesty that I say:-
The tech you use doesn't matter. 
All that matters. Is your health, and your relationship with your clients.
Yes, you're all that matters.
 
 
______________________
 
Cultural Note
Z"L is an English rendering of a common Hebrew posthumous honorific.
ז״ל‎ (Z"L) is the acronym of זיכרונו לברכה‎ (zikhronó liv'rakhá, literally “may his memory be a blessing”. - wikipedia.

Interview: Joseph Healy, CEO at Judo Bank (Live from SOFY Party)

Interviews: From the Trenches

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