ESS BIZTOOLS - Business Advisory Services Update Podcast

Peter Towers, Managing Director of ESS BIZTOOS discusses "Combating Worsening Talent Shortage!" "Accountants are facing problems" – Accounting Market Pulse. Does your accounting firm have a strategy to attract and retain staff? Andrew Geddes – Australian Accountancy Guru discussed this problem with me in November 2021. "Partners of accountancy firms are saying there are not enough young accountant...

Peter Towers, Managing Director, ESS BIZTOOLS had a podcast discussion with Paul Barnaby Managing Director, Beyond  Accounting Technologies and PlanGuru's Regional Integration Consultant – Asia/Pacific to discuss the findings outlined in the "Accounting Market Pulse" and to outline how the Academy of CPAs (Certified Predictive Accountants) can assist accountants to deliver a broad range of value-a...

Are your clients carrying out research and development activities behind your back? You might be surprised to discover that many SMEs conduct their research and development activities in total secrecy. That's because they've been scared off by blogs and articles warning about confidentiality and protecting intellectual property. In some cases, clients can take this a bit too far, and they may not...

Let's start today with a snap quiz! Did you read last May's Accounting Market Pulse report and seriously think "maybe our accounting firm should be offering those Business Advisory Services to our clients?". Now, eleven months later, have you done anything about it? Perhaps, you may still be thinking about how you'll introduce those Business Advisory Services to your accounting team so they'll be...

The "SME Needs Analysis" is the most important component of our new  ESS BIZTOOLS  package offering.  This module has been based on the original research that was produced by Andrew Geddes – the Joint Founder of the Financial Management Research Centre at the University of New England.  Andrew is well known as an Accountancy Industry Consultant and for ten years was the Chair of Green Cross Ltd a...

Peter Towers, Managing Director of ESS BIZTOOLS discusses how Accountants, Business Advisors and Bookkeepers can offer Business Advisory Services to their SMEs clients without being committed to a contract.

Our guest is Andrew Geddes, the well-known Accounting Industry Consultant who was the Chairman of Green Cross Ltd, a company which grew from a one veterinary surgery practice in Townsville to a Top 200 ASX company.  Andrew is joining Peter Towers to discuss the challenges confronting accountants in 2022.

Did you know there are many grants and  incentives to help fund early stage innovation companies? And small and medium businesses can access them - they are not just for the large companies. Peter Towers from ESS BizTools explains what opportunities are available around research and development. Find out about the application process and steps you will need to take to gain early stage innovation c...

Accountants can help SMEs by encouraging the preparation of a SWOT (Strengths, Weaknesses, Opportunities and Threats) Analysis at the beginning of a new calendar year.   You could encourage your clients to take some quality time and sit down alone or with their team to consider the key areas of the business. For the individual business activities, it's a good idea to ask the following questions fo...

The key driver for utilising 'Predictive Accounting' is to clearly summarise the various "non-financial items" before attempting to produce a budget. 'Predictive Accounting' embraces a systematic approach to the preparation of budgets, starting with basic information relating to: The types of products to be manufactured. The targeted quantity of the various products to be produced daily.   Read Th...

Succession planning is not something that business operators should think about when they get old and are ready to retire. It is a process that should be thought about in every segment of the business journey. Questions that you could ask: What is your vision for the business?... Read The Full Article Here

In our final Business Advisory Services conversation on Wednesday 16th December at 12-noon AEDT (11.00am AEST), Peter Towers, Managing Director of ESS BIZTOOLS will be joined by Paul Barnaby, Chartered Accountant and Managing Director of Beyond Accounting Technologies. Paul's proud claim is that he can turn an accountant into a 'budgeting and forecasting superstar' in a relative short time....   ...

Predictive accounting is an important part of the delivery of Chief Financial Officer Services because it requires accountants to discuss with clients all aspects of their business and then to commit that vision into Budgets, Cashflow Forecast and Predicted Balance Sheet to determine the level of investment required in stock, debtors, and capital expenditure.  The aim is to determine what the effe...

Knowing the financial impact of decisions, before a client implements those decisions, is very important for financial stability. The process commences with an examination of the key drivers relative to the physical number of units to be produced and the calculation of the direct costs that will be involved in that process.  The calculation of estimated stock holdings can be made based on manufact...