Business Advisory Services – Embrace Or Ignore?

Business Advisory Services Updates

Business Advisory Services provides a great opportunity for accountants to supply a broader range of value adding services to their clients.  Accountants in public practice should embrace this opportunity to offer a range of commercial services to your clients.

The key items for consideration include:

  • Preparing accounts on a departmentalised basis.
  • KPIs on a departmentalised basis.
  • Business review reports for the leaders of individual departments.
  • Budget/Actual variation reports.
  • Advise on cashflow controls including:
    • debtors’ system
    • debtors’ days outstanding
    • inventory analysis – stockturn rates
    • loan application documentation – Business Plan – Budgets – Cashflow Forecast – consideration of security to be offered
  • Government grants applications.
  • Evaluation of benefits of capital raising – Crowd Sourced Funding Equity Raising
  • Advice on claiming Research and Development Incentive
  • Risk management advice.
  • Project management of monthly “Business Review Meeting”

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Episode 015 - Business Advisory Services – Embrace Or Ignore?

Latest business advisory news for Accountants in under a minute.

As their trusted advisor, can you assist your SME clients with business advisory services?

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Business Advisory Services – Embrace Or Ignore?