3. Generate financial reports
After you set the target and gather the data in a deliberate, accurate and consistent way, it is time to check if the company is on track. QuickBooks® Online offers a great selection of reports from a basic profit and loss to more detailed item-based reports.
Don’t forget, the client still needs YOU to truly connect with the numbers. Justin Hatch from Startegy explains, “There can be a huge disconnect between what a financial report is saying and what the business owner is understanding. Be sure to select a financial reporting application that enhances the conversation between the bookkeeper and client. Establish a common language.”
Being a bookkeeper is a funny thing. Folks hire you to enter transactions, reconcile accounts and hand off the file for tax preparation. But, as bookkeepers and accountants, your true value comes from the understanding we create between owners and their businesses. You are bridge builders and translators. You can map out and guide your clients towards the achievement of their aspirations.
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This article originally appeared on the Firm of the Future site by Beth Melcher.