Advivo outlines how we encourage our clients to be accountable with their finances.
Accountability involves taking ownership and responsibility for the outcomes that your business produces. Thus, in order to experience growth and success, you must hold yourself accountable for your own actions, and learn from them. At Advivo, we help our clients stay accountable in their businesses by mentoring you on your journey, while ensuring that you are firmly in the driver’s seat. With our guidance, you will become accountable to follow-through on key action items and acknowledge your areas for improvement.
Here’s how we help to keep our clients accountable in their finances.
Bookkeeping and Payroll
Our bookkeeping and payroll services are instrumental in ensuring that your business is meeting its legal obligations. Our process is simple, and we offer two initial complimentary meetings for this. In the first, we develop a deep understanding of your business and your budget; and in the second, you will meet with our Payroll and Bookkeeping Services Experts to establish how they can assist with your unique situation.
Performance Review Meetings
Our Performance Review Meetings present an excellent opportunity for holding our clients accountable for their finances and encouraging further improvement in the future. During our performance reviews, we discuss key financial metrics and reports to evaluate your business’s fiscal health and performance. We also identify potential risks, and provide recommendations for improvement. The aim of these meetings is to ensure transparency and compliance with regulations, so that we can help take your business to the next level.
Budget/Actual/Variance Report
Another tool we use to keep our clients accountable is a Budget/Actual/Variance Report. We use this report to compare your financial targets with actual results, to identify any discrepancies or variances. By analysing these variances, we can gain insights into areas where your business’s performance deviates from your targets, allowing you to make informed decisions for the future.
Monthly Service Program
Our Monthly Service Program helps us to keep our clients accountable for their finances regularly. In these programs, our advisory team reviews and monitors your financial results, strategic objectives and processes to drive continued improvement. Our regular communication and reviews guarantee that our clients are well-informed and their businesses are on track, promoting accountability for successful outcomes.
