Financial Awareness Coaching
Do you need help understanding “The Numbers” and what it all means to your business? Our Financial Awareness Coaching plan will help you manage your cashflow better and make good management decisions based on informed understanding of your financial results.
You will meet with us every two months to go over your financial results and you will learn how to produce and make sense of your own financial reports on a monthly basis.
The ultimate outcome of the Financial Awareness Coaching plan is to enable you to better understand your financial results and their implications and give you the control.
WHY WE DEVELOPED THIS SERVICE
The better you understand your business, the easier it will be to make more money.
Management decisions rely on a sound understanding of the financial implications for a business. We have developed this service to enable business owners to fully understand and interpret their numbers, so they have a strong foundation on which to grow their business.
WHO SHOULD ATTEND?
If you are passionate about your business and want to better understand your numbers and answer questions like:
- How much profit have I made this year?
- Why has my profit increased but I have no cash?
- Is my cash level increasing or decreasing?
- What is affecting my cash level?
WHAT IS INVOLVED?
You will attend meetings with us every two months to discuss your financial results. The focus of each meeting will change and progress depending on your needs and objectives. You will:
- Develop an understanding of your key financial reports
- Gain knowledge of key accounting concepts
- Learn how to report on cashflow and profit
- Begin to produce your own customised reports on a monthly basis
- Understand how to better manage your debtors and creditors
- Learn how to monitor income and expenses throughout the year
- Find ways to save time on admin tasks that could be automated
- Identify weaknesses / areas to work on between meetings to get better results
- Iron out any existing errors (formats, coding, analysis, timing differences)
- Understand what other information you should capture monthly and how (e.g. stock, debtors, creditors)
WHEN SHOULD I BEGIN FINANCIAL AWARENESS COACHING?
Any time is a good time to start understanding your financial reports in order to improve business performance. The sooner you start Financial Awareness Coaching the better your understanding of financial results and their implications and the more control you will have over outcomes.
BENEFITS OF A FINANCIAL AWARENESS COACHING
- Enables you to better understand your business
- Ensures accuracy in your financial reports by ironing out any existing errors
- Allows you to better manage and monitor your cashflow
- Customise your reports to ensure you capture the right information
- Format your reports in a way that makes decision making easier
- Gain better understanding of the financial implications of decisions
- Make better informed decisions
- Provides you with regular independent financial advice
- Review your reports and record actions to be achieve before the next meeting
- Holds you accountable to achieve progress between meetings
- Identifies burning issues that need to be addressed
- Access the collective wisdom of our accountants, systems, products and services
- Phone support to address any burning issues between meetings
OTHER ADVISORY SERVICES
You may be interested in our other range of accounting services: