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You can help your clients ask the right questions about the data you provide by presenting it as information. Data turns into information with context. By doing this, you will increase your value while improving your client’s decision-making for their business. When your clients don’t understand their data, they may miss opportunities to propel their business forward. 

Now more than ever, clients are expecting clear communication from financial professionals. When a firm is lacking in its communication skills, that firm is missing out on revenue. The better a firm understands the value of good communication, the more likely it will implement and improve communication practices and policies.

Are you familiar with the DIKW pyramid? No, it is not one of the Great Pyramids of Giza. No, you did not learn it in elementary school, akin to the food pyramid. It’s ok. Most people are unfamiliar with this pyramid.

One of the most confusing aspects of a financial report is when accountants provide data without context. A 5% increase in revenue from last month sounds impressive but is it? Is the growth taking in the 10% increase in the cost of goods or the additional employees? Though there was a 5% increase in revenue, is your client realizing they dropped 8% in net profit?

Today we’re going to talk about dashboards and financial statements. So this is a chance that some of our CPAs made over the last year. I would venture to guess this is probably one of the most impactful changes we’ve made.

Most accountants feel a solid GAAP financial statement is what their clients need but they need more to take advantage of the fair or foul winds of their financials.

If you don’t kiss your clients every time you meet you should. Here are a few tips on how to kiss your clients to help them understand how you feel.

Think of your chart of accounts like a filing cabinet. Each drawer represents an account. Each file is an accounting transaction. The better organized and structured your filing cabinet is, the more granular your reports can be. 

The causes of stress can be different for each of us and different based on industry. Some pressures come from within ourselves, and some come from outside sources. 

Accurate and proactive reporting makes a huge difference in analytics and financial performance. By increasing the perceived value of financial reporting, most companies help their decision-makers understand the importance of these powerful tools to help them grow, innovate and compete effectively.

Learn tips on providing visualized financial data with insight that business owners are demanding so they to be more agile, more innovative, and more profitable than their industry peers. 

If you're not telling your clients their story, someone else will. Justin Hatch, entrepreneur and CEO of Reach Reporting has met with business owners desperate for an intuitive and straightforward way to understand their financial data. This pain point has created an...