Fathom

The 'glazed-over' look from clients during report reviews is all too common. And it’s not their fault! Staring at the same drab Excel sheets month after month can make anyone lose interest.  The fact is presentation matters. So how do turn that problem on its head? Save Mike Crocker FCCA, co-founder of Gravitate Accounting, key strategies for the next time you're pulling together reports... ▪ Brand Alignment: Tailor your reports to match your clients branding. This seemingly small tweak can make a huge difference in capturing attention. ▪ Interactive Sessions: Sending out a report isn't enough. Every report should be a conversation starter, not just a static document. Whether through a Loom recording or in-person meeting, explore the data, highlight the most relevant sections and invite questions. ▪ Education First: Are you decoding the jargon and clarifying the complexities? Your goal should be to ensure your clients truly understand the data. Share your strategies below 👇 #InteractiveReports #BusinessInsights

New EXPERT SERIES release / Ep 7: This masterclass on how to automate consolidated reporting has been prepared for you by Tyler Caskey CA, Partner at Australian firm, TheBeanCounters. Tyler generously shares his 20+ years' experience as a CFO and Accounting Partner in this demonstration from one of the best in the business. If you’re wrangling consolidations, need to speed up your current process, or managing a team delivering consolidated reporting, this is the masterclass you've been waiting for. Tyler Caskey specialises in improving high-performance finance and IT functions. TheBeanCounters team helps businesses scope and implement systems, automate projects and reporting, and provides outsourced CFO services to clients worldwide. Keren McNally sits down with one of Fathom's own chartered accountants, Tom Bilton FCA, to discuss with Tyler how he: - quickly creates consolidation eliminations and journals in Fathom - checks the accuracy of inter-entity loans using Mayday  - produces a custom 1-page consolidated P&L to use in a board pack - imports files from Xero into Fathom   It wouldn't be a masterclass without Tyler sharing his approach to consolidations, his take on the best tech in the market, best hacks, tips, and traps to avoid. "What I love about automating consolidations is you have so much more time to think about what the end user or stakeholders want to see. Whether that's a summary or specific detailed areas for the board. You can include as much detail or as little detail as you want in Fathom and build it really quickly. Think about what is going to add value and then create a simple or a complex report in Fathom." - Tyler Caskey CA _______________ Episode 7 - Masterclass: How to automate consolidated reporting in Fathom Expert Series | Fathom’s Resources page    Watch now on demand #accounting #cfo #accountingandaccountants

Is your data driving change? Paul Barnes, Managing Director at MAP, highlights that data alone isn't enough without meaningful conversations. Simply having data without discussion leads to missed opportunities, and just talking without data turns into unproductive chatter. By combining data tracked over time with open discussions, even on tough topics, we can identify issues and take corrective action. This balanced approach ensures problems are tackled head-on and solutions are found. 🗣️ #ActionableInsights #DecisionMaking

What does it take to take your advisory services to the next level? And pursue your life goals?     Our latest Expert Series deep dives into this topic unpacking the insights of Ryan Lazanis, CPA, Founder of Future Firm Inc. and advisor to thousands of firm leaders worldwide.     Ryan shares his 6-step approach to eliminating bottlenecks and driving sustainable growth. He focuses on helping firm leaders run their practices more efficiently while maintaining a work-life balance drawing from his experience building and selling a highly successful firm.     Whether you’re scaling up or seeking clarity on a sustainable service offering, Ryan’s process offers excellent insights for firms of all sizes.   Swipe through to find out more ... #Advisory #BusinessGrowth #accountantsandaccounting    

EXPERT SERIES | Coming up next: A first-rate masterclass in how to automate consolidated reporting with Tyler Caskey, Partner at TheBeanCounters. If you're trying to automate your consolidated reporting or thinking about dropping the spreadsheets, this is the interview for you. Tyler shows us his process beginning with source files in Xero, imported into Fathom to create a report, and how he plugs in Mayday to boot. Packed with key tips from one of the best in the business. Don't miss it! Interview coming soon. #cfo #accountingandaccountants #reporting The Access Group - Asia Pacific

Are You Guilty of Ignoring Your Business Plan? 🚨 Stephen Paul, Managing Director of Valued, explains the importance of regularly reviewing your business plan. Too often, business owners neglect this, leading to cash flow issues and unrealistic growth expectations. Here are his solutions... ▪ Regular Reviews: Make your business plan a living, breathing document. Review and adjust it according to real-time scenarios. ▪ Use Tools Like Fathom: Monitor your progress monthly to ensure you’re on track. ▪ Engage Your Accountant: Discuss your plan with experts and peers to ensure it’s realistic and aligned with your goals. ▪ Weekly Check-ins: Stephen checks Valued’s plan every Friday, providing 52 opportunities a year to stay on track. Can you say the same? Don’t let your business plan gather dust. Keep it alive, accurate, and actionable. Your business deserves it. 🌟 #BusinessPlanning #CashFlow 

🧠 Harnessing backwards planning for smarter goals, forecasting and budgeting. Kate Douglass, Principal at Walker Wayland NSW Sydney, reveals the importance of backwards planning... 1. Realism in Goals: Setting realistic targets is essential to avoid the cycle of discouragement and to keep progressing. 2. Motivation Matters: Start by understanding the core reasons behind your business – is it for profit, passion, or long-term growth? 3. Working backwards: Begin with your ultimate goal and work backwards to set clear, achievable steps. 4. Effective Metrics: With a clear motivation and goal, creating meaningful KPIs and actionable reports becomes straightforward. 💡 Do you use backwards planning? Let us know below. #BusinessPlanning #StrategicPlanning

To offer truly valuable advisory services, it's crucial to understand and address the pain points of your potential clients and demonstrate how to turn these challenges into opportunities. For example: 💸 Surprise Bills: Implement clear, predictable pricing models to avoid unexpected charges. 🔗 Collecting Receipts: Utilize technology to streamline document management and eliminate the hassle of shoeboxes full of receipts. Learn more from Ryan Lazanis, CPA, founder of Future Firm Inc. Download the exclusive playbook, '5 Steps to Scale and Delegate Advisory Services', and discover how to generate interest in your services and win clients. Empower your firm to provide unparalleled service and achieve scalable growth. Get your free playbook now 🔗 https://lnkd.in/eW87Z27V #Advisory

Earlier this June, we launched a powerful new feature: Aged Accounts Receivable and Accounts Payable Reporting! 📈 This feature is essential for staying on top of cash flow, debtors and creditors – keeping you informed and prepared for any scenario. Join Fathom's Rowan Eister & Joshua Guerrero in our latest webinar, ‘Optimizing Cash Flow: Using Fathom to Improve Cash Flow Tracking and Management’, now available on-demand! 💡 In just under an hour, you’ll discover: - The critical impacts of cash flow management on your business - How to uncover new insights with Fathom’s advanced analysis tools - Effective processes for ongoing cash flow management - Best practices for clear communication around cash flow, featuring our new - AR/AP report components Watch the recording here, linked in the comments below. #CashflowReporting #FinancialInsights #BusinessManagement

Check out these key tips from forecasting expert Sadie Channing from Menzies LLP on how to make forecasting your business's financials more manageable and effective.     From understanding your balance sheet to stress testing your forecasts, these tips can help ensure your business stays on track.     #BusinessForecasting #BusinessTips #Cashflow