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Financial health checks your small clients can work with

18th Jan 2022
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Make managing your clients simple with our time-saving software.

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Financial health checks are important for small clients, especially when they are trying to grow their business. From understanding their liquidity to auditing their expenses, find out which health checks suit them and how you can help them put your insights into practice.

Accounting health check

Before starting with more specific financial health checks, it’s a good idea to check over your client’s accounts. 

Make sure that all accounts on your balance sheets are correct and that all expenses are being claimed. It’s best to do this first as any issues here can mean further financial health checks will be incorrect and misleading.


Liquidity is a key aspect to considering financial health, but it can often be overlooked by small business owners. By doing regular liquidity health checks, you can give your clients a realistic view of how their business is running.

Liquidity can become especially important if a client is seeking finance for their business or looking for ways to invest. On the other hand, if they’re struggling to meet the financial needs of their business, liquidity can be the first place to start looking for a solution.

No matter the findings your advice is essential. By discovering your client’s business needs you can offer tailored advisory services on how to act to either help them grow, or get out of a difficult situation.


A profitability analysis is a good health check to implement if a business is struggling. By looking at financial performance and where there are any problem areas, you can give your clients key areas where they can improve. 

Cash flow

Analysing your client’s cash flow can give them great real time insights to use that will help them improve their business. Along with your analysis, show them areas to improve and what they can do to strengthen their cash flow.

Expenses analysis

Along with a profitability analysis, doing a deep dive into your client’s expenses can also yield interesting insights. If a client is looking to cut costs then an expenses analysis can be a good place to start. 

Advisory services based on the results can create an actionable plan for your clients. For example, if there aren’t any areas where they can reduce expenses, look into how increasing sales would balance their finances. Or, simply identify areas for improvement and offer alternatives.

Accounts receivable

If your clients aren’t using software with automated reporting, but they have multiple customers, they may not be aware of their accounts receivable. It can feel uncomfortable for clients to chase payments, or they simply lose track of what is owed to them.

Check in on their accounts receivable and give them a clear overview of where they’re at, and if there’s any money that is owed to them. Your projections on how this could affect the business long term are really valuable.

Your report could give them the information they need to start chasing up payments, or reconsider offering goods or services on a credit basis if it is harmful to the growth of their business.

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 like bank feeds and smart accounting, so you can focus on offering high value advisory services to your clients.