CPA’s know the language that is being spoken in a company's financial statements and they are capable of assisting clients to facilitate change. Today we look at different ways an accounting firm can use business advisory services to help and improve their client’s bottom line: (more…)
Business advice is something that all accountants need to consider providing. Gone are the days when accountants merely offered bookkeeping, tax filing, and other conventional services. Nowadays, firms are providing a wider scope of services to their clients, and advisory is a key one of them. By offering advisory services, you will have the platform to attract more clients, build...
With over 4 million users and 35,000+ ProAdvisors, QuickBooks delivers a full set of solutions designed to help small businesses succeed. Now My Business Manager makes QuickBooks even more powerful, with instant simple, colourful graphics and reports that turn accounting data into management information. (more…)
Our first step in developing My Business Manager was to plan what we thought were the critical management reports that business owners need; Profit and Loss These are the trading reports that tell you if you made a profit or a loss in any period. Monthly, Quarterly, Six Monthly or Yearly. We recommend Monthly but recognize that if you aren't already getting...
Have you ever thought about your business from your customers' viewpoint? For example, you own and run a bakery. You believe your business is selling bread, cakes, pastries and pies. Of course people love bread, cakes, pastries and pies, so they'll buy them. Right? Wrong. (more…)
Every day I meet people whose small businesses are struggling; either the business is stalled or heading towards closure. I see the same facial expressions frustration, fear and inner turmoil. And I hear the same words - I don't know what to do! They're like rabbits in the headlights, frozen with indecision. Do I jump off this road, or do...
Step 1 – Build Your Business Vision Every business owner must have a vision for his business be it large or small. A vision is there to inspire and motivate, it’s like an ultimate goal – the pinnacle of your business success. (more…)
First, let’s take a look at your cash flow forecast. Cash flow forecasts are like a calculated guess. It may or may not actualize. However, it’s important that you have a cash flow forecast as it will help you “see” how your business will fare through the next 3 months, 6 months, or the next year. (more…)