At ESS BIZTOOLS, we know that every accounting firm has its own unique client base and opportunities within the Business Advisory Space. Discover how to execute these services profitably to generate more revenue and enjoyment for your team and your accounting practice.
You’ll be able to get started almost immediately even if you have little experience in providing these services to clients. We’ve got you covered!
“Predictive Accounting” creates a “financial picture” of the visions and strategies contained within the business plan. This process commences with the identification of the key activities for the business in the future years and builds up from these key components - you just do not take last year’s figures and add a percentage to them!
The establishment of key drivers and the regular monitoring of amounts reflected in them is a crucial component of a business being able to utilise Predictive Accounting to accurately project the future financial position of the business. All of this information is reliant on well thought out key drivers having been established before any of the financial forecast reports are prepared.
...there’s a fabulous amount of material. It really helps you because you can hand out items to your clients, they can attend free webinars, there’s various planning tools of different sorts that you can access and utilize with your clients.
I've been familiar with Peter since the mid-80's when he was operating his accounting practice. The tools and papers prepared by ESS are so helpful. Instead of trying to create my own, they are already there, ready to go, and they just work.
Some of the tools I've referred to and used in serving my clients over one hundred times.
I recommend the ESS tool kit to other practitioners at any opportunity I get.
For the first podcast episode, I asked Peter Towers to share what he has seen after talking to many accountants around Australia during COVID-19. He shares his view on how COVID-19 has affected accounting firms, what specifically he has seen with some firms really taking advantage of the crisis and how he thinks Business Advisory offerings should be managed out of this. Peter has worked with accountants for many years and his insights are very valuable.
New legislation an income opportunity for accountants
Companies looking to access capital through the new crowd-sourced funding (CSF) regime could provide Accountants with the know-how and opportunity to diversify service offerings.