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://www.essbiztools.com.au/booking-calendar
