So you keep hearing that you need to offer an advisory service, but what do you need to do before you can even offer that service?

In this episode, we dive into the fundamentals of setting up an advisory service with Kieran Lotze from SYFT.

Kieran shares insights on how to integrate analytics into your workflow and the importance of data health. With the right tools, you can transform your bookkeeping practice and provide immense value to your clients.

Ps. If this podcast got you thinking, we'd love for you to join our upcoming three-part workshop series with Syft. It starts on 11th May, with replays available if you can't join live.

Register here ➡️ https://resources.6figurebookkeeper.com/syft

Activate Syft ➡️ https://www.xero.com/uk/syft-from-xero/

About Syft ➡️ https://www.syftanalytics.com/

-------

About us

We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective

-----------------------------------------------

About our Sponsor

This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper

-----------------------------------------------

Promotion

This video contains paid promotion.

-----------------------------------------------

Disclaimer

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

-------

00:00:00 - Introduction

00:00:19 - Guest Introduction

00:00:46 - Kieran's Role at SYFT

00:01:39 - Kieran's Background

00:02:41 - What is SIFT?

00:05:00 - Kieran's Connection to SYFT

00:06:09 - Data Health and Advisory

00:07:10 - The Importance of Data Health

00:11:53 - The Impact of AI and Automation on Data Health

00:15:14 - Empowerment through Knowledge

00:16:42 - The Role of Xero in Data Health

00:16:51 - Efficiency through Automation

00:17:17 - The Importance of Receipt Management

00:18:40 - SIFT Review: Anomaly and Data Health Detection Tool

00:19:32 - The Value of Real-Time Data

00:20:04 - Understanding the Client's Perspective

00:20:58 - The Importance of Storytelling in Client Communication

00:21:59 - The Journey of a Receipt

00:22:11 - The Impact of Rising Prices

00:22:37 - The Role of Subscriptions in Business Workflow

00:25:34 - The End-to-End Process from a Xero Point of View

00:26:51 - The Difference between Xero Analytics and SYFT Analytics

00:28:15 - The Role of Advisory Services

00:30:11 - Bridging the Gap between Professional and Coaching Services

00:31:27 - The Role of Cash Flow in Business

00:31:51 - Choosing the Right Tools for Your Practice

00:33:41 - The Difference between Xero and SYFT Analytics

00:35:00 - The Value of SIFT for Your Practice

00:37:21 - The Importance of Testing and Choosing the Right Tools

00:40:03 - Upcoming SIFT Series Announcement

00:41:07 - The Success Story of an Accountant Using SYFT

00:42:22 - Connecting with Kieran and SYFT

#bookkeeper