Let’s face it. Ever since computers made it possible for small business clients to become ‘do it yourself’ accountants, their real accountants have been tearing their hair out.
‘Cashflow Manager’ is an easy system originally designed by an Australian accountant for his own clients, and introduced into the UK in 1994. The result is a system that clients can understand and use, most can actually reconcile their records to their bank account and give you records you can rely upon to efficiently and effectively complete their financials and tax returns.
Accountants using Cashflow Manager report write-ups instead of write-offs, reduced staff needs and increased profits.
Studies show there is a direct link between the quality of recordkeeping and the survival rate of small business.
Yet accountants are quoted as saying that 8 out of every 10 small businesses make “horrendous mistakes using the more complex double entry bookkeeping software...”
Your clients who have never been taught much about accounting need a bookkeeping program they can understand, or at least learn easily, to have the best chance of survival and in most cases that is NOT a double entry program that you understand, but they do not.
With many busy businesses experiencing unprecedented financial stress in the current economy, it is vital that your small business clients use a program they can understand to give them the best chance of survival and remain as long-term clients.