| Health
Check for Accountancy Practices
 What
is a Health Check?
How will our
practice benefit from a Health Check?
What will be
included in our Health Check analysis?
How much will
a Health Check cost?
How will
data on our practice be collected?
Please contact
us with any other questions.
If you would like to proceed with
a Health Check, please complete the following form:
Health
Check Confirmation Form
Return
to top
What
is a Health Check?
A health check is an analysis of
key areas of your accountancy practice that impact on
the performance of your business.
The health check will uncover any
variances in these key areas and calculate the impact
on performance by correcting the variances.
The health check analysis is prepared
using specialized software developed by CL Whelan and
Associates.
Data is collected from your practice
and used to calculate chargeout rates, Key performance
Indicators and other information.
Return
to top
How
will our practice benefit from a Health Check?
A Health Check analysis will provide
diagnostic information about your practice that will
assist with decision making and ultimately improved
performance. The type of diagnostic information you
will receive includes:
Return
to top
What
will be included in our Health Check analysis?
Your practice will receive a report
containing the following information:
| |
• |
Chargeout
rates analysis |
| |
|
- |
The analysis will compare the
chargeout rates your firm is currently charging
for each employee with what you should be charging.
Our calculations will analyse all labour and overhead
costs as well as other variables such as productivity
and write offs and calculate the chargeout rates
per direct employee that should be charged to
achieve your required Net Profit.
|
| |
• |
Benchmark Key
Performance Indicators (KPIs) for your practice |
| |
|
- |
We
will prepare an analysis that will benchmark the
following areas of your firm: |
| |
|
|
° |
Revenue KPIs |
| |
|
|
° |
Cost KPIs |
| |
|
|
° |
Labour Efficiency |
| |
|
|
° |
Staff Ratios |
| |
|
|
° |
Average Partner
Chargeout rate |
| |
• |
|
| |
|
- |
Now
that we have all this data available to us, we
can prepare one or more What If analysis
for your practice. |
| |
|
- |
A
What If analysis allows any number of
variables to be changed and the impact on chargeout
rates, KPIs and Net Profit monitored. |
| |
|
- |
We
will use the What If tool within our
software to report on the potential impact on
Net Profit of your practice as a result of changes
to one or more of your firm's chargeout rates
in line with our chargeout rate analysis above. |
| |
|
- |
We
will also use the What If analysis to
make recommendations on how the KPIs of your practice
may be improved and the potential impact on Net
Profit. |
Return
to top
How
much will a Health Check cost?
- For practices with up to 25 employees
- $2,500 + GST
- For practices with between
25 and 50 employees - $3,500 + GST
-
For practices over 50 employees
- please contact Chris
at CL Whelan and Associates for a price.
Return
to top
How
will data on our practice be collected?
Data is collected from your practice
using an Excel template developed by CL Whelan and Associates.
- At the commencement of the consultancy
an Excel spreadsheet will be sent to your practice.
- Data on labour, overheads and
other information will be entered into the spreadsheet.
- An instruction
manual will accompany the template to explain
data requirements and at all times phone support will
be available from CL Whelan and Associates.
- When complete,
the spreadsheet is emailed to CL Whelan and Associates.
- The data is checked by CL Whelan
and Associates and imported into the Health Check
software for analysis.
- A draft report is prepared and
sent to you for review and comment.
- Amendments are made to the draft
report where necessary and a final report is sent
to you. Finally a conference call is held with your
firm and CL Whelan and Associates to discuss the report.
Return
to top
|
