The “2024 NAB Accounting and Financial Planning Report” stated that “85% of the accounting firms surveyed indicated they were “offering business strategy””.
Whilst we believe the key indicator is the number of accountancy firms actually “DELIVERING BUSINESS ADVISORY SERVICES” nevertheless this report highlights that “Advisory Services” is a “GIANT” that is ready to awaken.
Is your Accountancy/Bookkeeping Firm prepared and ready to be able to deliver “Business Advisory Services” to your clients in 2024?
We are now at the culmination of a journey that commenced 40 years ago when the Financial Management Research Centre was established at the University of New England with a brief to develop programs to assist accountants to be able to deliver a broader range of “Business Services” to their SME clients”.
For 25 years ESS BIZTOOLS has developed “Product Packages Relating to Advisory Services” for Accountants and Bookkeepers in Australia and New Zealand.
These Product Packages are available for subscribing Accountancy and Bookkeeping Firms to deliver a wide range of “Business Advisory Services” advice to your clients including:
- BUSINESS SYSTEMS
- Due diligence review on business operations “to gain a 1 inch wide/1 mile deep knowledge of your client’s business”
- 52-week business enhancement system
- Bookkeeping system review and updating
- Daily Business Report
- Weekly Performance/Profitability Report
- Key Performance Indicators and Metrics – weekly
- PREDICTIVE ACCOUNTING REPORTS
- Budgets for all business operations
- Key Drivers
- Cash Flow Forecast
- Projected Balance Sheets
- Rolling Forecasts
- Subscription to Plan Guru Predictive Accounting Software included in Financial Forecasting Package Subscription
- IMPLEMENTING VIRTUAL CHIEF FINANCIAL OFFICER SERVICES
- Implementing financial control systems
- Assisting the CEO on the identification and implementation of business improvement initiatives
- Identification of funding requirements
- Identification of government grants
- Identification of risks confronting the business and the development of strategies to minimise those risks
- Assistance in the creation of ongoing mentoring and training of the client’s Senior leadership team
- Analysis of the businesses performance particularly where is profit created from?
- Monitoring of the cash flow position and alerting the CEO and Board of Advice and/or Board of Directors of potential problems
- Ongoing strategic planning input to the CEO and leadership team members
- Assisting the CEO in the development of “Scaling up Strategies”
- Assist in the development of “Core Value Statement”
- Assist in the establishment of scheduled “pattern of meetings”
- FINANCIAL ACCOUNTS
- Monthly Financial Accounts
- Comparison to Budget Reports
- Key Performance Indicators and Metrics – monthly report
- BUSINESS REVIEW
- Report to monthly Business Advisory Meeting on financial performance and financial position
- Report to and potential participation in Board of Advice meeting – monthly
- Report to and potential participation in Board of Directors meeting – monthly
- ASSISTING CLIENTS TO DEVELOP THEIR VISION
- Business Plan preparation
- Strategic planning
- Annual strategic review
- Business Valuation
- ASSISTING CLIENTS PRICING STRATEGIES TO ACHIEVE THEIR PROFIT TARGET
- Tradie charge out rate calculator
- Manufacturer’s charge out rate calculator
- Setting retail price calculator
- Professional service firms charge out rate calculator
- GOVERNMENT GRANTS
- Research and Development from the “idea” to the taxation return
- Export Market Development Grant application process
- Industry Growth Program
- Weekly update on grants
- Material on many other government grants
- CAPITAL RAISING FOR SMES
- Section 708 of the Corporations Act capital raising
- Early Stage Innovation Company capital raising
- Crowd Sourced Funding Equity Raising
- Venture capital
- RISK MANAGEMENT
- Personal Property Securities Register Due Diligence System
- Business Risks Minimisation Strategies
- BUSINESS ACTIVITIES
- Buying a Business
- Selling a Business
- Succession Planning
- Survival in Difficult Times
- BUSINESS ANALYTICS
- Business Health Checks
- CORPORATE GOVERNANCE
- Company Directors Training Program
- Company Secretarial Services
- WORKING CAPITAL
- Debtors Management
- SME Debtors System Manual
- TRAINING PACKAGES
- Business Advisory Services Training
- Business Evaluation Workshops
- Monthly Training Webinars
- SME Needs Analysis
- PROMOTIONAL MATERIAL
- Business Plus newsletter – monthly (our subscribers badge and send to their clients and prospects)
- Library of support papers (over 580 individual papers)
This is the package of services to help your firm deliver Advisory Services to your clients and prospects as the GIANT of ADVISORY SERVICES for SMEs AWAKENS!
Peter Towers – Managing Director, ESS BIZTOOLS
Telephone: 1800 232 088
Email: peter@essbiztools.com.au
Website: www.essbiztools.com.au
- Gearing up to offer Equity Financing Services - 21 August 2024
- Unlocking Equity Funding for Business Owners: A Path to Growth - 23 July 2024
- Systems help SMEs to survive - 27 May 2024
