Understanding the difference between old-fashioned accountants and a business advisory firm

In today’s world of constantly emerging technologies, many professions have had to find new ways of doing things to survive and thrive, and accountants are no different.

With the introduction of cloud-based accounting software, many accountants have moved away from traditional “number-crunching” and taken on a more holistic approach to business advisory.

Like the chameleon, they’ve changed their colours and adapted to the shifting environment.

In this article, we explain why you should take advantage of the full spectrum of services available from a business advisory firm like LDB, rather than sticking with an old-fashioned accountant.

Engage a ‘Virtual Chief Financial Officer’

By outsourcing your financial requirements, you gain access to highly skilled professionals who take over all those tricky tasks a chief financial officer would normally undertake.

At LDB, we not only cover the traditional tasks of preparing end-of-year business accounts and tax returns and ensuring you remain compliant, we also provide strategic advice about how your business is performing.

Consult with experts who can act as business partners

While old-fashioned accountants are more concerned about analysing, evaluating and reporting on financial matters, business advisors are almost like ‘business partners’.

At LDB, our motto is ‘Working As One’, and in a sense, that not only covers the various departments of LDB working together, but also ‘Working As One’ with our clients to ensure optimal solutions are reached.

We assist clients from a wide range of industries and service sectors. We listen to their needs and create strategies to help them reach their goals.

Seek expertise from people who can advise and guide performance

When you employ a business advisory firm like LDB, you gain access to highly-skilled professionals who can advise and guide performance.

We look at where your business has been, and where it’s going. One of our areas of expertise is helping start-ups during those uncertain first few years. We can help set you up for success and enable your business to reach its full potential.

Reap the benefits of a business advisory firm

Why choose an old-fashioned accountant when you can benefit from the many facets under our business advisory umbrella?

LDB offers so much more than just accounting services – we’ll provide holistic advice to help your business thrive.

To find out more, please call (03) 9875 2900 or send us details via the contact form below.