Whilst meeting up with a client to discuss pre year end tax planning and future strategy, we discussed the level of input that he had with the day to day cash flow and the potential impacts of various scenarios that he had modelled.
It was, I must say, a pleasure to be involved with a client that not only looked at his business this closely but shared with me the potential changes that may happen. It led us on to the conversation as to why a number of business owners didn’t:
- Look at their business cash flow as a tool for future strategies
- Involve their adviser when doing so
At 360 we have many clients that are tracking the performance of their business in this way and do involve us in the decision making process. Our services are built to allow such interaction and we do offer a number of strategies/solutions when it comes to business modelling. These can range from an excel spreadsheet right through to benchmarking software that makes comparisons with the specific industry that our clients are in and highlights the effect that strategic changes make to profit, cash flow and ultimately company valuation.
Most of our clients are trained by us to produce accurate, timely Management Information in-house so they can spend their accounting budget on looking forwards rather than looking backwards!
If you are a SME owner and you would like to find out more about using your adviser as a development tool rather than a statutory one then please contact 360 on 01482 427360 to discuss further.