‘Advisory Intro’ launched for Bookkeepers and Accountants
Business Advisory Services Update
The new ‘ADVISORY INTRO PRODUCT PACKAGE’ has been developed by ESS BIZTOOLS, to assist Bookkeeping/ Accounting firms to deliver Advisory Services to SMEs, charities, not-for-profit and sporting organisations.
The first webinar presentation on ‘ADVISORY INTRO PRODUCT PACKAGE’ is on today at 11am AEST. There’s still time to register, free of charge – CLICK HERE.
The ‘ADVISORY INTRO PACKAGE’ has been developed to assist Bookkeeping/Accounting firms to offer advice and provide supporting articles to a client, to answer questions or to proactively bring to the client’s attention something that may be of interest to them because of their industry, location or just their desire to ‘scale up’ their operations.
Your client might be a tradie, and when you ask them how they determine their ‘Charge out Rates’, you might get an answer like this:
“I heard a competitor talking at a café and decided to use their charge out rate.”
You could point out to your client that he/she probably has no idea of the productivity being achieved by their competitor’s team members, the overheads of the competitor’s business and whether their competitor is trading at a profit. Obviously, all of this has a direct input on establishing a Charge out Rate for your client, which will assist in delivering their targeted profit.
Included in the ‘ADVISORY INTRO PACKAGE’ is the ESS BIZTOOLS’ ‘TRADIE CHARGE OUT RATE CALCULATOR’. Some of our members are having great success utilising this calculator, because they are supplying significant service to their clients and helping them run better businesses. Furthermore, the bookkeeping/accounting firm are generating additional fee income.
Alternatively, your client might be undertaking R&D activities and you will have an ‘Introductory Research and Development Paper, Flowchart, Video’ that you can access. This will give you the resources to discuss the requirements relating to the need for a business, to be incorporated as a company and the type of record-keeping that your client needs to maintain for the company to be able to claim the R&D Tax Incentive.”
These resources enable Bookkeepers/Accountancy Firms to be an ‘Added Value Advisory Resource’, to assist SMEs to survive and ‘scale up’ their businesses.
