3 Must-Have Reports to Help Financial and Accounting Firms Become More Profitable
Bizinta highlights three crucial reports for financial and accounting consultancies to enhance profitability:
- Utilization Reporting maximizes billable hours
- Profitability by Consultant identifies top performers
- Contribution by Client prioritizes high-value clients
These reports provide accurate insights, replacing guesswork with data-driven decisions.
Utilization Reporting tracks billable time, revealing underuse or overuse of consultants. Profitability by Consultant measures each consultant's revenue and profit contribution. Contribution by Client identifies the most and least profitable clients, ensuring focus on high-value relationships.
Implementing these reports helps firms drive smarter decisions, boost revenue, and mitigate risks.
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