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The Ambitious Bookkeeper Podcast
The Ambitious Bookkeeper podcast is for bookkeepers & accountants who are growing or aspiring to start their own business. Our mission is to elevate the bookkeeping profession by providing support and resources for new and experienced firm owners.
We share actionable tips on running a successful bookkeeping business, tools and resources, plus guest expert interviews that will help you elevate your business. Where you can find us:
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The Ambitious Bookkeeper Podcast
[MINI] Ep 3 | 5 Key Reports
In this MINIsode, I explain 5 key financial reports that you should be delivering your clients!
You’ll hear:
- how often you should be delivering these reports to clients
- how to set up these reports in Xero
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You're listening to another mini episode where I cover one key short topic. In less than five minutes, let's get into today's topic. Today. I am talking about 5 key financial reports that you should be delivering to your clients at least quarterly, but preferably monthly. So let's get into those. The five reports that you are always going to need , and you can just set these up as a custom reporting package. And each client, when you onboard them is your profit and loss, your balance sheet, your AR aging, your AP aging, and a cashflow statement. So those are my five key reports that everybody gets, whether they want them or not, if they don't have any AR, then that one, that one's blank, , we just set those reports up for every client, , in Xero, you actually can set it up on the firm level and just run it in each client file. so it's not any extra time to set up custom reports for our clients. But I would recommend just always just get in the habit of running all those reports for all your clients. and that's something your bookkeeper can do a first pass at. Like when they're done with everything, they would run the reporting package for you to review.
