The Road to Capstone
I’m combining a long family history of entrepreneurship with over a decade of experience in accounting to form my own business, Capstone. A long time ago, my father actually owned a restaurant called Cappy’s, a nickname given to him when he was young and later given to me. Before that, my grandparents actually had several business, most notably a well-known pizza restaurant in the North End of Boston. I grew up mostly in New Hampshire, which is known as the Granite State, so the name CapStone really feels like a natural fit.
Discovering a Passion with Purpose
I began my career in accounting at an internship during college, and through the years I have seen companies of different sizes use technology in different ways to improve their operations, but rarely is there importance placed on the usage of technology.
“I have seen companies of different sizes use technology in different ways to improve their operations.”
The importance of tech literacy
Technology has always come easily to me, and over the course of my career I have enjoyed growing my skills in the systems that accountants use every day in every company around the world: Excel and an accounting system. If someone uses a tool every day in their career, over time you should be improving your skills, yet I am continuously amazed at how often people do not learn how to use Excel and how often companies accept this. Most people know how to use very basic functions in Excel, and do not go beyond those simple functions; however, Excel is a very powerful tool that has the ability to automate nearly all analysis, reconciliations, reporting needs, and formatting. When you combine the tools found in most accounting systems with well thought out Excel functions and macros, you can automate nearly all close functions which will free up your accounting team to focus on that functions that can’t be automated. I think that accounting can really be broken down into two major functions: Data entry and Analysis, let the accountants focus on analysis and let technology handle the data entry for you!
“Data entry and Analysis, let the accountants focus on analysis and let technology handle the data entry for you”
A brighter future with Capstone
I have really mastered these skills and I’m very excited to bring them to my new company, and to help companies enjoy a more streamlined accounting team, and improved reporting to help them grow more efficiently and smarter.
Written By: Philip Capasso
US Accounting Partner