Going beyond the end of financial year

9th March, 2017

This end of financial year, take a moment to look beyond the piles of receipts on your desk and the spreadsheets on your screen – because there’s gold in them hills.

Right now you’re probably busy collecting data, filling out forms and ticking boxes so your clients are 100 percent compliant by 31 March, but it’s worth seeing the forest for the trees.

Your client has probably handed you an absolute treasure trove of data which could transform the conversations you have with your client over the next year.

The key is harvesting the information, presenting it to your client, and using it to help your client make smarter decisions next year.

Create a visual dashboard

How great would it be to take your clients’ numbers and present them in a form which is easy to understand?

Fathom is a solution which plugs into MYOB and is specifically designed for accountants and advisers seeking to make the advisory journey.

The solution is suitable for use across all industry segments and provides a way to discuss financial data in an engaging and time-efficient manner.

It also provides a suite of in-depth analysis tools and metrics which help your clients see exactly how well the business is performing.

These tools and metrics help to assess profitability, cash flow, growth and other key performance indicators (KPIs).

Business Intelligence

Now you can visualise the numbers in a neat, digestible format, what are they saying about your clients’ business?

BI4Cloud is another tool to help your clients get more out of the numbers from MYOB.

It’s great for your clients who want up-to-date visibility into their business, and have greater insight into customer segments.

It gives a deeper understanding of customers, market segments, brand and salesperson performance.

It’s great for accountants who want to keep using MYOB when their client business grows.

You can generate reports on the fly to help you get a handle on things such as jobs, your general ledger, accounts payable, accounts receivable, inventory, sales…the list goes on.

This solution has over fifty “favourite reports” out-of-the-box and the ability to design your own dashboards and visualisation for an overall view of your business.

Changing the conversation

Not knowing key metrics makes it impossible assess profitability and benchmark against others in the industry and make plans to grow.

These tools help you to have a different conversation away from IRD mandatories and can help your clients develop as solid plan beyond the end of financial year.

Want to know more?

We’ve featured just two of the tools we think can turn an end-of-year compliance conversation into an ongoing advisory one.

MYOB has over 230 add-on solutions which can help solve all sorts of frustrations businesses face.

These range from job management and staff management, through to point of sale and helping them get deeper insight into their business.

As software development gets more and more sophisticated, new tools are coming out all the time to help tradies and others get on with the job.

You can learn more about what add-ons are and explore our full range here.