Business coaches are becoming increasingly popular for business owners as their companies face new challenges, requiring expertise in these unknown domains. Individuals such as Bill Gates and Steve Jobs have all used business coaches at some point in their working career and therefore a service which is highly regarded in business.
Business coaches will guide the business owner by helping them clarify the vision of their business and how it fits in with their personal goals. Business coaching is a process used to take a business from where it is now to where the business owner wants it to be.
One of the first questions a business coach will be asked is to identify where the business is at right now.
If your answer to that question is based on financials, for example, to improve business profits or to increase your income from the company, then you will need to be able to provide them with up-to-date financial records outlining where the business is at right now.
So, what happens if you only send your records in to the accountant once a year? The answer is you need to speak to Chippendale and Clark!
Monthly Accounts Function
Chippendale and Clark complete their clients records monthly to ensure that businesses have real-time and up to date information, we do this as standard! This information can be then used for a business coach to look at to highlight areas of improvement, without having to wait months for the financial records to be updated.
With the help of Quickbooks and Xero, clients can access their data anywhere! Once we have all of the records in at the end of the month and have completed the monthly bookkeeping, we will be able to provide the client and business coach a profit and loss by month and any other reports required.
With cloud technology, the client can even investigate this information directly themselves!
Your financial records should not just be used to tick off your obligations at companies house. Your financial records should be used for planning, budgeting and assisting you in making decisions, with the help of your accountant and business coach to move your business forward.
Please contact Chippendale and Clark for further information and we can discuss how we can improve your current accounts function!
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