As an accountant and CFO, you know that financial reports are essential for your business owner clients. They need answers to their financial questions, and they want to know where their business stands in reaching their goals. However, finding the most effective way to communicate this information can be challenging. Business owners are often not accountants and may struggle to understand complex financial data and jargon.
The key to effective financial reporting is transforming raw data into useful knowledge for your clients. This means including an analysis of the data, as opposed to just the numbers, to provide them with the tools and information they need to succeed. The challenge is moving your clients up the knowledge pyramid, and this is where Reach Reporting comes in.
One of the problems with traditional financial reporting is that business owners often don’t prioritize a deep dive into their financials. They spend their time running their business, and when they receive a cash flow statement, they may not fully understand it or know how to interpret the data. This can lead to decisions based on bank account balances, which is far from the entire financial picture. According to the NFIB, 82% of business failures are due to cash flow issues, so it’s essential to provide your clients with comprehensive financial reports.
Reach Reporting can transform confusing columns of unrelatable numbers into visual and educational charts, graphs, and KPIs. They can help you prepare core financial reports such as P&L Statements, Balance Sheets, and Cash Flow reports faster and with more digestible and useful information for your business owners.
At the end of the day, your clients want to feel confident in the financial decisions they make for their business. They rely on your expertise to guide them, but if they don’t understand the reports you provide, they won’t be able to make informed decisions. That’s where Reach Reporting comes in.
We specialize in transforming complex financial data into easy-to-understand visual reports that your clients will appreciate. By incorporating interactive charts, graphs, and KPIs, you can give your clients the tools they need to succeed.
In addition, Reach Reporting allows you to customize reports with your clients branding, making them look and feel like they were created specifically for your clients. You can also choose from a variety of pre-designed templates or create your own reports from scratch.
With Reach Reporting, you’ll save countless hours of manual data entry and report creation. You’ll also have access to real-time data, allowing you to make informed decisions quickly and easily.
Don’t let confusing financial reports stand in the way of your clients’ success. Let Reach Reporting help you transform their financial data into actionable knowledge that they can use to grow their business. Schedule a demo today and take the first step in providing your clients with the financial reports they deserve.