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Reporting support for your firm's advisory work
Define the preparation work behind your firm's fractional CFO or advisory service. Start with the reporting pack, source data and decisions the report needs to inform.
Work to scope with LCIPL
Management reporting packs from agreed accounting records.
Budget and forecast schedules using your firm's assumptions.
Cash flow reporting and scenario schedules.
Variance analysis with questions for the adviser.
Supporting schedules for client reporting discussions.
Agree the assumptions and review
Identify the data source, reporting period, measures and modelling assumptions. Agree who reviews the calculations and who approves the interpretation before a report reaches the client.
Keep the adviser close to the decision
Your firm leads the client discussion and advisory recommendations. Define preparation responsibilities separately in the scope, including any work that requires specialist expertise.
Explore recurring accounting support
Discuss the reporting output
Describe the report your practice needs and the records available. Confirm the format, frequency and review process before agreeing the work.