How Quarterly Meetings with your Accountant can Grow your Business.
For a long time, meeting up with your accountant once a year has been pretty standard. At Ashton McGill, we only work with businesses on a minimum of a quarterly basis. This is so we can provide the most amount of value to the businesses we work with, acting as a key business partner and working closely with them to help them grow.
As your business grows and evolves, it's more important than ever to have a strong financial partnership with an accountant that has the skills and expertise to help you achieve your goals.
Working with businesses on a quarterly rhythm, we offer a growth-focused approach to help our clients navigate key challenges and opportunities.
If you are a growing business, here’s why this level of service can help you achieve long-term success.
Stay on top of the numbers.
Meeting with your accountant on a quarterly basis gives you a better picture of your finances, arming you with valuable insights and expertise to help you grow.
You’ll gain a comprehensive, 360-degree view of your business's financial health, helping you stay on top of your finances. You’ll have an in-detail understanding of how your business is performing, as opposed to the standard once-a-year check-in.
These meetings are a key opportunity to optimise your business's financial performance and proactively develop strategies for growth and expansion, such as new product lines or markets to target, and set KPIs to measure them.
Navigate key challenges & opportunities.
Traditional accounting services aren’t wired up to help businesses navigate key challenges and opportunities. They are analogue, compliance work-focused, and detached from the client’s business.
We’ve designed an accounting service that is 100% growth-focused, set up to help businesses deal with important challenges and opportunities. We have an intimate relationship with the businesses we support and we educate them to be a better business owner– so they can fully understand how their business runs, how it makes a profit, and how it will grow.
We believe more insights mean more opportunities for growth. Working with an accountant on a quarterly basis helps you plan for the future, with deeper insights and better-informed decisions on investments, growth strategies, and risk management. This is particularly important in today's ever-changing business landscape, where uncertainties and risks are ever-present. Quarterly meetings offer a key touchpoint to discuss the current business landscape, current trends and state of affairs with your accountant, so you can navigate challenges and seize opportunities that might otherwise be missed.
Being proactive and booking your quarterly catch-ups can help you position yourself for long-term success and ensure your business stays competitive and resilient– even as market conditions and economic trends evolve.
Add in management accounts for even more value.
Taking time to review the last quarter and prepare for the next steps is vital as you grow. Our review meetings are led by up-to-date financials from your management accounts, so you can understand the key drivers in your business and how we measure them.
Management accounts are vital for gaining a deep understanding of your business well beyond the basics of year-end accounts. These financials allow you to go into a whole other level of detail and structure when it comes to reviewing and planning what’s happened in your business. If your business is growing at a fast pace and you need to hire staff, figure out your pricing model, service model, and profitability level, management accounts can give you the insights you need to manage growth.
Led by insights you want to know, management accounts are key for tax planning, measuring cash flow, and profitability, allowing us to offer bespoke, tailored reports on the things that matter to you.
At Ashton McGill, we offer management accounts either quarterly or monthly, to match the frequency of your review meetings. That way, our regular catchups are always backed by up-to-date financials, arming you with the insights you need to fuel business growth.
Improve your cash flow.
Cash flow is a key component of business success, as it impacts everything from day-to-day operations to long-term planning. To ensure optimal cash flow, quarterly meetings with your accountant are essential.
During these meetings, your accountant will review your accounts payable and receivable and work with you to develop strategies to improve your cash flow and reduce the risk of cash flow problems. They will also help you create a cash flow forecast to help you plan for the future, identify potential risks, and make informed decisions about your business.
Stay compliant.
As your business grows, it becomes more complex and there are more regulations and compliance requirements to navigate.
Regular meetings with your accountant can ensure that you stay compliant with tax, accounting, and other regulatory requirements, reducing your risk exposure and avoiding costly penalties.
Your accountant can review your financial statements to ensure that they are accurate and complete, and can advise you on any tax deductions or credits that you may be eligible for.
Growing your business to new heights.
Let’s elevate your business.
Tracking cash flow, setting budgets and forecasting for the future are all integral to running a thriving business. We’ll help you set up the right tools and report against these monthly so you can grow in line with your goals and ambitions.