Content Provider
Jiravlogo

Cpaedge middle080320
Self-Study CPE
THE DNA OF A CAS FIRM
View Details/Register
HOW TO CALCULATE YOUR FIXED PRICE FOR BOOKKEEPING SERVICES
View Details/Register
THE "ALT" ACCOUNTANT - POSITIONING, PRICING, AND INNOVATION
View Details/Register
AUTOMATE YOUR CLIENT ON-BOARDING WORKSHOP
View Details/Register
EVALUATING THE HEALTH OF YOUR CLIENT'S BUSINESS
View Details/Register
SHIFTING YOUR MINDSET: HOW TO GROW AND SCALE A MODERN ACCOUNTING FIRM
View Details/Register
Free cpe webinars
How to Build a Financial Model for an Accounting Firm

HOW TO BUILD A FINANCIAL MODEL FOR AN ACCOUNTING FIRM

Cost Free
CPE Credits 1.0 hour
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

“Planning and budgeting.” Quick, when you hear that phrase, what springs to mind? Perhaps you envision firing up trustly old Microsoft Excel? Then you open up last year’s budget workbook, change the column headers to next year, increase revenue and expenses by some historical growth percentage and — poof! — you’re done. 

The thing is, this sort of basic forecasting is a poor substitute for proper planning, and you can really only make a good plan (and budget) with a driver-based financial model. “Drivers” are the specific actions you intend to take as a business owner that will increase revenue and/or expenses, such as selling new services and hiring more employees, not arbitrary month-over-month percentage changes.

In this session, we’ll build out a driver-based financial model for an accounting firm that plans to significantly grow their practice with new service offerings and subscription billing options, more than doubling headcount every year for four years. Is that sort of growth possible? The numbers have the answer! Whether you’re new to financial modeling, or you’re doing it now in Excel, this session will equip you with best practices to do better planning for your own firm and your clients.

Learning Objectives:


  • Understand the benefits of driver-based financial modeling versus forecasting using historical trends

  • Identify and key drivers of revenue, expenses, and cash flows for a professional services firm

  • Learn how to program a driver-based financial model that includes Revenue Build, Staffing, OpEx, and COGS tables.

  • Generate a forecast report and dashboard that drives thoughtful discussion and planning with your firm partners and stakeholders so you can create a meaningful budget

Linkedin Twitter

Martin Zych

Jirav
CEO and Co-Founder
martin@jirav.com
(425) 478-1150

Jiravlogo

Martin Zych is the CEO and co-founder of Jirav. He’s a career finance & accounting professional, specializing in high-growth tech companies. Previously he was the Finance Director at Limeade and Zephyr Health and a Controller at Atlas Accelerator CFO firm. Over his career, he set up dozens of finance functions and has helped raise over $200 million in funding.  He founded Jirav to build the tool he wished he’d had available for him during his whole career as a Controller / Finance Director at high growth companies.

Linkedin Twitter

Blake Oliver

Jirav
Director of Marketing
blake@jirav.com
(818) 583-7587

Jiravlogo

Blake Oliver, CPA, is an entrepreneur, accountant, writer, and speaker who specializes in cloud accounting technology. In 2016 and 2017, Blake was named a “40 Under 40” in the accounting profession by CPA Practice Advisor. He is the director of marketing for Jirav and co-host of the Cloud Accounting Podcast, a weekly news round-up at the intersection of accounting and technology that is also the #1 podcast for accountants and bookkeepers in the world.

Additional Materials
How To Guide 1
How To Guide 2
Frequently Asked Questions
  • To receive CPE credit for the event, you must register for the webcast prior to the start of each program.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • Multiple attendees: In order to receive CPE for multiple attendees, ensure that at least one person signs up for the webinar. At the completion of the webinar a proctor form is provided. Alternatively, you may also login to your account following the webinar and click on the MY ACCOUNT button where you will find a link to the proctor letter.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Jiravlogo
Jirav delivers smarter financials and faster insights, helping you understand where your business has been and predict where you’re going. The system joins your cloud-based Accounting, HR, CRM and billing data to automatically surface a sophisticated, interconnected model that is unique to your business. Spreadsheet errors are eradicated, monthly reports occur in real-time, and connected data enables teams to collaborate on multiple scenarios – bookings, billing, revenue recognition, cash flow, and workforce/expense planning  – to get the answers they need, fast.