BUSINESS PROCESSES
- Implementation of accounting and reporting systems – Xero, MYOB, Click View etc. The implementation is paramount. While the sourcing and selection of systems is important, it can all fall flat if it is not implemented in the most effective manner, taking into account the business operations and workflows within the operation, and the ultimate goals of you, the business owner. In other words, one size doesn’t fit all. While a generic system may be put forward as the best solution for your business, it is not to be implemented in a generic way. It has to be implemented in a manner that will give the best result with the least input; no duplication of duties, simplified operation, documented procedures to free you from reliance on any one employee.
- Financial reporting, analysis and KPI development. Reporting for the sake of producing a report is a waste of resources. You should not produce reports to keep your bank, your accountant or the tax office happy. Reports have to have integrity and most of all, be of significant use and benefit to the business owners. We produce reports that count; reports that mean something. We drill into your business to ascertain what the main drivers are and make sure that you have your hands on these levers of control of your business.
- Re-engineering of existing finance and reporting systems to improve efficiency of systems and usefulness of reports. We don’t always throw out everything that is already in place. Often there is merit in what has been developed over time, but they have lost direction. Our underlying methodology is always to go in and listen and learn before we take any remedial action. In that way we can assure our clients that we will not be re-inventing what they already have, but rather understanding where they are and delivering measurable improvements.
- BAS & IAS returns, and other GST requirements. We are Registered BAS Agents and can attend to all your GST requirements. This includes BAS, IAS, WET and PAYG. Our preference however is simply to put the processes in place so that you can prepare your own returns, empowering your business to be self-sufficient. We are not interested in preparing these returns on a regular basis. Rather, we implement the systems with a thorough knowledge of GST, for you to drive into the future.
- Designing or refining of budgeting and cash-flow forecasting models. Budgets and Cash Flow Forecasts are vital ongoing tools to guide your business, and by which you can measure progress. But like the real data, they have to have integrity. We can develop sophisticated models specifically for your business, models that can be re-used year on year and only updated when circumstances change. These will allow meaningful assessment of actual results and allow business owners to fully understand where their businesses are, and why.
- Resource planning to meet business calendar. Many businesses, by virtue of the industry or sector they operate within, are subject to varying demands on resources over time. We can help your business to predict and plan for these changes, resulting in the most efficient application of resources to the business tasks.
- Assessment of appropriate industry specific business systems. With years of detailed knowledge in specific business sectors, we have a wealth of experience in assessing systems to best suit the requirements of these specific sectors. At the same time we ensure that they satisfy general requirements of all stakeholders, primarily the business owners and operators, but also ASIC, ATO, APRA, Banks, ACCC and any other party specific to your business.
