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”

Book a Demo: https://go.essbiztools.com.au/3-schedule

Posted in Expert Tips: Business Advisory Services on Tuesday, 03 November 2020