Fathom

Online financial analysis, management reporting, benchmarking and forecasting. Works seamlessly with Xero, QuickBooks, MYOB and other accounting systems.

[BDO Alliance USA @BDOAlliance]

Join us in welcoming another new member to the Alliance community, @fathomhq! They are a cloud-based software that transforms accounting data into reports, dashboards, and forecasts that are easy to understand and utilize. #bdoalliancewelcomes

[Fathom @fathomhq]

@keegansard Thanks for the shout out, Keegan. It’s awesome to know you’re finding Fathom valuable in your work.

[Fathom @fathomhq]

@PeterAIIen1 Definitely something we’re looking into. Would love any feedback you have if you’re happy to email [email protected]

[Fathom @fathomhq]

Newest Expert Series launch / Ep 7
Tyler Caskey CA, Partner at TheBeanCounters, presents a masterclass on how to automate consolidated reporting in Fathom. Featuring @fathomhq, @Xero, and Mayday. WATCH now
https://t.co/XMxr58O8ct
@mayday_get @TylerCaskey9 #Accountants #CFO

[Fathom @fathomhq]

@awilkinson You’re a natural storyteller, Andrew! Great announcement, and congratulations on the next phase of Tiny 👏🏼

[Brad Ebenhoeh @bradebenhoeh]

When we started measuring KPIs internally for our specific departments & PODs, using @fathomhq has been a game changer.

Most importantly, we're able to benchmark KPIs across those departments & PODs. This has been key as we assess the profitability & success of each, but also to help us better calculate targets to use.

Additionally, it allows us to upload non-financial KPIs via Google Sheets -- so we're able to customize the KPIs to our actual business.

This helps us make better decisions on hiring, our workflow, or how we bill our clients depending upon task or department doing the work.

We started doing this 6 months ago -- and we'll continue to do this & adjust the KPIs we're reviewing and associated targets indefinitely.

[Fathom @fathomhq]

@Accountfully Love the setup! Looking forward to launching this episode.

[Fathom @fathomhq]

@jslackey @mijustin @mattwensing @usesummit @FloatApp Thanks for the recommendation, Jessica! Fathom can help with three-way cash flow forecasts, dashboards and custom reporting. @mijustin, let us know if you’d like some more info - happy to help.

[Brett @brett_finance]

A few weeks ago I helped a friend understand his business cashflow for the first time.

After, he said “I would have paid $2,500 for that”

Here’s what I did, step-by-step:

1. Figured out his pain points

Every business owner is in a different spot.

So a quick conversation showed me a few things:
- Not sure his burn rate
- Not sure what he can afford
- Wasn’t sure if his biz was healthy

But his goal is to scale the biz this year, so he was nervous about his cashflow and meeting debt/payroll obligations.

2. Built a cashflow model

I grabbed a QB login and hooked it up to my fav SMB forecasting tool, @fathomhq (not an ad, I just like it)

Within a day, I built a 24 month cashflow and cash balance projection based on an assessment of past expense/revenue trends.

The goal here was to create a quick and conservative picture of the future.

3. Fine-tuned it with the owner

I jumped back on a call with him to finalize the forecast.

Most businesses are driven by a few key inputs:
- Revenue
- Payroll
- Sales/Marketing
- Debt obligations
- Owner profit

So we had a conversation about revenue goals and projections for the big expenses above.

4. Created goals and KPI dashboard

As we fine-tuned those key inputs, I was able to show him how they impacted future cashflow.

It allowed him to understand things like ‘if I keep having revenue months like February, I’ll take home $__ this year’

Once I saw his eyes light up about a number, I loaded the revenue and cashflow goals into fathom so he could analyze it each month.

5. Created a quick training

He wanted to be able to run the model and analysis himself after I built it.

So I created a 30-min screen recording of myself and sent it to his team member in charge of it.

~~

The biz is a $0.5M professional service firm with 1 employee.

He mentioned understanding his cashflow health is like going to the doctor - he didn’t want to look because he didn’t want bad news.

Hopefully this breakdown helped you understand how easy it can be to do the same.

A like or RT would be awesome if you found this valuable.

[Fathom @fathomhq]

@NathanHirsch99 @QuickBooks @Xero @linkmybooks @a2xaccounting @XenettApp @rewind @LastPass @clickup Thanks for the shout out!

[Fathom @fathomhq]

With less than two weeks until the inaugural Advisors' Assembly kicks off, here’s what two of our fantastic speakers, Jarrod Morris and Darren Van Zyl, have to say about the event.

Secure your spot here 👉 https://t.co/BuX5YKkfqC

#AdvisorsAssembly #Accounting #BusinessAdvisory

[Fathom @fathomhq]

🚀 Our latest Expert Series interview has landed! 🚀

Are you an advisor trying to convince clients to say ‘yes’ to business advisory services? If so, watch this!
We’re excited to share practical tips and learnings from Tori van der Donk, CA.

Watch now 👉 https://t.co/KmbTzwtpbz

[Fathom @fathomhq]

💕 Feel the love with an early bird ticket 💕

Advisors' Assembly is sharing the love this Valentine’s Day by extending early bird ticket prices to Feb 19.

Secure your spot here 👉 https://t.co/orPFNB6P5l

#AdvisorsAssembly #AccountingandAccountants #BusinessAdvisory

[Fathom @fathomhq]

Ready to level up your advisory game? Join us in at Advisors' Assembly and learn from experts leading the charge in accounting and advisory services.

Grab an early bird ticket 👉 https://t.co/QPXw3vluDb
#AdvisorsAssembly #Accounting #BusinessAdvisory

[Fathom @fathomhq]

When they get the gong, and you get the glory.

We'd like to congratulate the actual winners, meeting transcription software @FathomDotVideo, for their hard work getting our name in lights in the Big Apple 🗽 Much appreciated, other Fathom!

[Fathom @fathomhq]

Advisors' Assembly is here to help you connect with industry leaders, learn from real-world case studies, and get practical solutions from trailblazers in the advisory landscape.

Book now 👉 https://t.co/fPhs86jGUc
#AdvisorsAssembly #AccountingandAccountants #BusinessAdvisory

[Fathom @fathomhq]

@RobPasquesi Glad to hear you’re happy about the new feature, Rob!

[Fathom @fathomhq]

🚀 Exciting news for accountants and advisors in Australia 🚀

Join us at the inaugural Advisors' Assembly. Learn from industry leaders, gain actionable strategies, and stay ahead of client expectations.

Don't miss out on #AdvisorsAssembly! Register 👇
https://t.co/S45Vi6QkXx

[Fathom @fathomhq]

🌟 Don't miss out on Session 2 of our webinar series: "Enhancing Financial Insights: Leveraging the Power of Dext and Fathom" 📊

Learn the art of storytelling with data and discover how to create reports that truly resonate.

Register now 👇
https://t.co/PgqkWEwadE

[Fathom @fathomhq]

Join us for a two-part webinar series: "Enhancing Financial Insights: Leveraging the Power of Dext and Fathom" 📊

Unlock the secrets to meeting client demands without adding more staff! Discover the key to streamlining operations.

Register now 👇
https://t.co/r5MlRo8qeB