Tips for Improving Business
Quarterly Review Program – Tips for Improving Your Business
Join our affordable review program and every quarter we meet and discuss your business and provide helpful tips for improvement. Before our meeting, Wallace Partners performs a deep dive to reviews your numbers: which includes checking your bookkeeping, monitoring Key Performance Indicators, identifying areas for improvement and as a result you will gain a new insight into your business and increase your profits.
We make it as simple as possible for you to understand by preparing beautiful visual reports on the important financial information about your business.
We start at the beginning: there are no expectations on what you know and don’t know as every client is different and our services depend on where you are in your business ownership journey.
What do we monitor and focus on?
What we review and monitor is tailored to the individual requirements of each business, this helps identify where you can make changes to improve profits.
In addition, we also make sure you are on track with the ATO: we review where we can save you money, for example a structure change or how you are engaging workers can save $$$$$.
Business owners are driven and passionate about their business , always striving to do better than the previous year. We give them the tools to monitor it and quantify their success.
An example of key items includes:
- Monitoring your turnover (sales) to your budgeted turnover (sales)
- Materials and Purchases costs as a percentage of your turnover (sales)
- Employment expenses
- Sub-Contractor expense
- Motor Vehicle Costs
- Telephone and Internet Costs
- Any costs that are significant to the business
- Financial Commitments such as loan / equipment finance repayments
- Owners Drawings
Know you tax obligations and work to reduce your tax burden quarterly, not before its too late!
As part of your quarterly review & tips for improving business, we calculate your income tax, so you are not just relying on the ATO PAYG Instalments (we teach you about this too!) As a result, this stops nasty surprises and any overpayments. We work with you to legally minimise tax, you are informed about your obligations and can make decisions about your business knowing exactly where you stand financially.