Alert your clients to their situation and offer advice. You are now more than their accountant or bookkeeper, you are a true business partner
Use your expertise to guide your clients in how to avoid cashflow risks occuring. Create stronger, longer term clients that will be loyal to you.
Adjust your fees to reflect the added value
(hint: many accountants are giving CaFE to their clients because it makes their lives so much easier!)
CaFE plugs into your clients’ cloud accounting software and gives you full visibility in minutes.
A quick glance at your client dashboard each morning will show which ones are in need of help.
CaFE produces clear and easy to understand reports that you and your client will love. If your client needs to borrow money, their lenders will love them, too.
There are a few tasks that you can do regularly to make sure you are on top of your cashflow. Here’s our basic checklist for you to follow:
Look at the balance in your bank account at least once a week and reconcile the invoices you’ve issued or paid with the cash-in and cash-out transactions that have gone through the bank account. Sounds like a simple job, but if it isn’t done regularly, it makes it almost impossible to monitor your cash position.
Check if there are any overdue invoices – do you owe suppliers or are there outstanding client invoices? If you’ve reconciled your payments, you can quickly identify what’s still due.
Are there any large payments to be made? For example, VAT or quarterly rent? If you can see the cash balance in your bank account is going to go into the red, it gives you a chance to take action before it happens.
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Alert your clients to impending cashflow pressure – without reducing your productivity.
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