The Backyard BBQ Advice: “Mate, you’re on the cloud now, you don’t need no more help, what you gotta do is BLAH BLAH BLAH…”
You’re certain to hear a lot of different advice. A few simple steps upfront can start your business down the path toward success.
Questions to ponder about your accountant:
- Are they giving me a history lesson only? (TRANSACTION PROCESSING; COMPLIANCE)
- Are they helping me with my future? (ADVISORY)
If your business is now “in the cloud” then it is expected that you are experiencing 3 important new business concepts IN A MOST EFFICIENT MANNER. If your accountant has helped with 2 and is ignoring the 3rd then 2 outta 3 ain’t bad but it’s also not good.
The 3 cloud based concepts producing business efficiency are:
- TRANSACTION PROCESSING:
Now that you are in the cloud the business of running your business has embraced automation (bank feeds), transactions are carried out efficiently and effectively and are accurately recorded. The efficiencies filter down to not only the bookkeeping but invoicing and collections, receiving, paying a bill, payroll etc. Cash flow improvement is now a by-product of these efficiencies.
This is the process of verifying and validating the information that has been captured and processed in Transaction Processing. The Transaction Processing now feeds the document to be completed and lodged with the appropriate regulator in the right form, in a timely manner and accurately. This efficiently (there’s that word again) deals with all your compliance issues (the history report).
Your business needs to leverage the time savings that automation brings to engage your accountant in constant business review. He now has all the tools to give you great advice for the future.
Let DGL be your business on-line confidant on your business journey. We can act as your external CFO as we can go online, quickly scan the books and notice things as they’re happening and then talk to you about it.
We help clients identify the information that matters, and how best to use that information.
We can help plan
- What you want to achieve (budgets, cash flows, what-if projections)
- Work / life style balance
- Succession plan
- Increase profitability
The cloud has given you the data, let DGL help you use it in the most cost-effective way.