We only deal with business clients and our approach to business differs from most other accountants who, through choice or necessity, focus on year-end financials and Tax Returns. Yes, these are a necessary evil and minimising tax and keeping the IRD at bay is something we are good at, but we keep on hearing that these accountants are not helpful, not bothered and don’t have the time to help their clients with those day-to-day problems that crop up in business. Year-end financials prepared many months after the year-end are absolutely useless in managing the financial side of a business.
Similarly, keeping business books on Bank Link or Bank Connect (as these accountants like to do) may just do for GST returns and may suit the accountant when it to comes to producing the year-end financials (although it never saves as much in their fees as they try and make out) but the reports they produce from either of these two software packages (as a by-product of the GST returns) are normally on a cash basis without Accounts Receivable, Accounts Payable or Inventory and can therefore be totally misleading and are only suitable for a very simple, small business. At the Accountancy + Business Advice Centre (ABAC) our philosophy is to go out and meet our clients and help to improve their businesses and profits and we believe that investing time and effort in introducing systems which will deliver up-to-date, specifically tailored, regular and key business information, will place a business owner in the best possible position to thrive and weather tough trading conditions.
In addition, we offer our clients practical and down-to-earth advice across a huge range of important business issues including business start-ups, business structures, personal guarantees, asset protection, trusts, debt collection, grants, internal control, credit control, financing, business acquisitions and sales to name but a few.
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Systemising their businesses so that all the routine tasks are done consistently and regularly, e.g. credit control
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Installing low–cost but truly powerful and effective accounting and reporting software which has been custom-developed for the Accountancy + Business Advice Centre
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Helping them improve turnover by pre-tested low-cost marketing strategies (the effectiveness of which is measured by the custom-built reporting software)
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Analysing their gross profit margins on a product-by-product (or service line) basis enabling them to eliminate their poor performers and focus on their more profitable lines
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Introducing powerful CRM software (at the fraction of the price normally charged) to make the most of existing customers
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Ongoing mentoring which can be provided by regular meetings or entirely on an ad hoc basis depending upon preference and budget
At ABAC our client’s find our fees comparable with other small firms of accountants yet as a result of our efficiency, our experience and low cost base we provide much more advice for the same level of investment in our fees and we always give our clients a little extra. Our long experience enables us to offer fixed quotes for all regular or predictable work which provides certainly and peace of mind for our clients. For ad-hoc, unexpected or unpredictable work we charge value-for-money market-based hourly rates depending upon the complexity of the work involved (not the seniority of the personnel doing the work) and we invoice our clients regularly, ensuring that they keep control and are kept fully aware of their investment with ABAC.
