Business Studio Partners With
Accountants, Bookkeepers & Lawyers
Extending Your Practice Offering
We are all specialists at some thing. But we can't be specialists at everything. Business Studio can extend your practice offering, by providing powerful solutions where you don't have the experience, the team, or just don't have the time.
Benefits That Build
Grow your capability
Sometimes you just need a sounding board, or someone not as close to your client as you are. Put you and your clients in the best position to succeed.
Boost your revenue
You'll be able to build your client relationship by adding value to your clients for services you haven't been able to provide previously.
Grow your practice
Focus on what you do best, free up resources, create capacity, take your business where you want it to go. Grow your client base.
The Unexpected
Digital & Tech ​
How we conduct business has changed. Technology has brought a new dynamic as to how our clients do business.
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Not everyone is interested in technology, or systems and processes. But it may be important to our clients. We can help you provide that tech solution to your client, while you maintain your ongoing compliance relationship.
The business environment is changing rapidly, the use of technology is increasing, the demand on our clients from their customers to be adapting is an added pressure, not least the impact of the work force shrinking. Having someone to discuss your clients priorities helps lighten both your and your clients load.
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Some of the areas we have been asked to help on include:
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Problem solving
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Identifying efficiencies
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Creating change
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Best practice reviews
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Business health checks
​Not all of us are comfortable with technology. The Business Studio team have over twenty years experience in understanding the various technologies used in business, the impact on our people, and how we gain efficiencies by taking advantage of the technological changes which have occurred.
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We know how to take away the fear of embracing change. Some of the areas we provide help include:
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Software training
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Identifying efficiencies
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Addon solution identification
Our implementation experience and our connections with third party providers are extensive. We can help you find solutions to add to your clients existing software stack or we can review your software stack and recommend solutions to help build efficiencies into your clients business.
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What solutions have we helped owners with?
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Dashboard Reporting – such as Futrli, Spotlight Reporting
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EzzyBills
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Approval Max
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Workflow Max
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Vend
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NextMinute
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ERP Solutions
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And many many others
Most accountants can easily setup clients on Xero or MYOB, but occassionally these packages aren't enough for your clients. If you have a client who needs something else we can assist you with the setup of an accounting package most appropriate for their needs and expected growth.
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Equally we understand, if your client has been ignoring you, and they are on a legacy system it may be daunting exploring solutions to replace software which meets both their needs and expectations. To not act exposes them to cyber risks.
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Some of the solutions we have been asked to help on include:
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Xero
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MYOB
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QuickBooks Intuit
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ERP
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Dashboard Reporting is another solution for simplifying reporting, and detailing KPI achievements. We can set up the solution for you and your client to continue to work with on an ongoing basis.
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We have worked with products such as:
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Futrli
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Spotlight Reporting
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Forecast5
Valuations
Valuations & Desktop Calculations
Clients will often want to have an understanding of what their business is worth, whether it be to sell it or set a growth target.
We can help you and your clients.
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There is a wide variety of solutions available.
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For clients who are buying or selling a business we recommend they consider getting a valuation from an experienced valuer. We have the valuation and accounting expertise to provide you with a meaningful report.
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Valuation standards require us to consider not just the balance sheet’s assets and liabilities, but also the management, impact of key employees, capital structure, future earnings potential, the operating environment of the industry and economy.
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When should I think about recommending for my clients to get a valuation?
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Buying or selling a business
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Shareholder disputes
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Relationship property negotiations
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Restructuring
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Family and succession planning
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Joint ventures
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Investment reviews
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Loss of earnings claims
Sometimes, you or your client are needing a sense check as opposed to a full and detailed report, or your client is limited on cashflow but are still wanting to understand their exposure.
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You might know this type of calculation as a desktop calculation, calculation analysis, value analysis, appraisal, or high-level calculation. We can assist you with this, and also explain the differences, when compared to a Valuation.​
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If you are buying or selling a business, or are negotiating a relationship property settlement, we recommend you consider getting a valuation from an experienced valuer.
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When is a desktop calculation appropriate?
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Thinking or testing interest for buying or selling a business
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Benchmarking business growth
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Family succession planning
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Planning succession with employees
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Joint ventures
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Business case reviews
There is a lot of things our clients have to think about when moving on from a relationship. It may be the first time they have had to develop their financial literacy, understanding the financial statements that their partner has always taken care of.
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Why? Because our client is wanting to understand and protect their entitlement to what was joint wealth.
As a solicitor if you would like help
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Understanding financial statements
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Identifying joint or separate property
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Determining if a valuation of the business or company is required
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Identifying if a joint instruction is in your clients interest
then please reach out to us.
No one wants to pay more for a business than it is worth. Clients buy a business or shares for the cash flows they are expecting them to generate.
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If your client has been provided with a valuation, and are looking for a second opinion as to whether it is reasonable for them to rely on, we are able to assist.
