One of the most valuable advisory services you can offer your clients is help with budgeting and forecasting. For small businesses, especially those in their first few years, having realistic expectations of revenue in the short and long term can really make a difference to their growth.
Getting their business plan right
A budget is an important part of a business plan. For clients seeking funding or investment, having an accurate budget is key. Your expertise in helping them to create a realistic budget can help them to secure the right funding and grow their business.
Often small business owners are focussing on making sales, getting customers and keeping the business running day to day. Offering your services to do forecasting can help your clients look ahead and make the right decisions for their business.
When it comes to strategy like reducing costs, setting sales targets or expanding their business, budgeting and forecasting becomes key. Your objective assessment will give them realistic expectations for their finances and help them make an informed strategy for growth.
Offer help with interpretation
Clients often need guidance on how to read reports, and interpreting what they mean for their business. You can go a step further than simply providing a budget or forecast and help your clients understand how they can use it in their planning.
Whether it’s cutting down expenses, increasing sales or investing money into the business you can share your knowledge with your clients to help them create a strategy that works.
About Bokio accounting software
Bokio accounting software offers bookkeeping, invoicing and expenses management. It’s a great solution for collaborating with smaller clients, like small businesses, sole traders and freelancers. Bokio helps you save time by using automation, so you can focus on offering high value advisory services.
We're changing the world of accounting forever. Bokio is a smart solution that helps small businesses and sole traders grow their company and profits. Powered by AI, we will help you do your bookkeeping, create, send and track invoices, and file your VAT return - all for free.