Improve Business Performance
Every quarter we review your numbers, and monitor Key Performance Indicators, identify areas for improvement or concern, report back to you and talk to you about your businesss financial performance. And we make it as simple as possible for you to understand by producing a half page report on the important financial information about your business.
What do we monitor?
What we review and monitor is tailored to the individual requirements of each business. We give you (and take the time to explain to you) a snap shot of your business and cash flow.
In addition, we also make sure you are compliant with the ATO, and generally review where we can save you money, for example a structure change or how you are engaging workers can save $$$$$.
We build on the data we are collecting for your business, every quarter gives new insights. For example if a client has been doing their quarterly review three years, we have annual averages and quarterly averages to work with based on the last three years. 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 we calculate your income tax, so you are not just relying on the ATO PAYG Instalments. We match your tax with your income, every quarter. This alleviates nasty surprises and stops overpayments. We work with you to legitimately minimise tax, you are informed about your obligations and can make decisions about your business knowing exactly where you stand financially.