Bean Ninjas Small Business Financial Management & Reporting Survey

1.Full Name(Required.)

2.Business Name

3.Business Email(Required.)

4.Which of the following statements best describes your current financial situation?(Required.)

“We’re running perfectly with the help of Bean Ninjas, our bookkeeping is spot-on and we have good data to use in making key business decisions from the reports provided”

“It’s pretty good, but I feel there is room for improved understanding and insights”

“We need help! It’s unclear to me still how my business decisions are impacting the financials of my business until after they are made”

5.What direction is your business headed in the next 6-12 months?(Required.)

Continue on the current path - “I’m happy with how we are performing today. We’ll stay the course”

Considering opportunities for growth - “I believe there is an opportunity we can leverage but it’s still just an idea, We need to understand (in numbers) the additional capital/resources to achieve it” or “I’d like to understand the cost and benefits of employing a new staff member/buying equipment/repricing our services”

Identify and improve efficiencies in business - “I believe our current financial health restricts our goals / prevents us from spending more time on the things we love”

6.What are some financial challenges that you wish could go away soon? (Select all that apply)(Required.)

Late payments

Access to capital

Recruiting more staff

Reducing or optimizing spend

Other (please specify)

7.What areas of your business are you interested to understand more about? (Select all that apply)

Cash Flow Forecasting - Get a better understanding of the cash inflows and outflows for the next 6 months

Bespoke KPI Dashboard - Get help to identify metrics and KPI’s and have them tracked over time (eg MRR, runway, avg spend/client) to help focus your attention on important financial areas for your business and ensure it is continuing in line with your expectations

Key income streams - Identify . which products/services/clients are producing the most turnover or have experienced the highest growth over the past 6 months. Also, what is the profit on these products?

Expense items/Hidden Profits - For every dollar saved in expenses, this is an extra profit for your business. Do you know how your expenses are tracking compared to the historical data/budget?

Vendor Management - Another good opportunity for finding money within a small business is to examine how much you spend by vendor. Most entrepreneurs are more focused on getting customers and on selling their products and services, and less focused on scrutinizing expenses and vendor relationships.

Budgeting/Forecasting - Strong financial governance includes the use of budgets, they are excellent tools for managing your costs and setting sales targets. Get help to prepare a budget for the next 6 or 12 months, or reporting on variances from actual results to budgets

Custom Business Reporting - Are Xero reports leaving you light on insights? Report on Xero financials and non-financial data that arms you with data to make informed business decisions. Export to PDF to share with investors or financial institutions.

Scenario analysis - would you like to understand the “what-if” impact on your cash flow/profit and loss of say, a new employee? Or a new equipment purchase? Or a new product line?

Other (please specify)

8.What timeframe would you prefer to have the above-selected information delivered to you?(Required.)

Monthly

Quarterly

AdHoc/On-demand

9.Bean Ninjas are rolling out new Virtual CFO services backed by software which can help you understand your business better and help you to grow your business to the next level. We are currently offering excellent specials for early adoption clients. Would you be interested in being part of an exciting role out of a pilot Bean Ninjas virtual CFO (vCFO) advisory offering?(Required.)

I need more info

Yes

Current Progress,

0 of 9 answered