As you grow, your business relies more and more on good financial management. But it's not alway plausible to hire and inhouse staff member. Even if you could afford an in-house bookkeeper, or to train your admin person to do bookkeeping, you actually need a broader set of skills. You may have an external accountant who does your tax returns, such as a CPA or Chartered Accountant (in the industry we call these ‘public practice accountants'. It's great to have an external accountant for the sale of accountability and a ‘second set of eyes', who can pick up mistakes at the end of the year. But you need an ‘internal accountant' or ‘financial controller' working inside your business, because the bookkeeper can complete data entry and reconcile the bank, and a highly competent bookkeeper can also lodge your BAS, keep your payroll compliant and finalise ‘month end' to produce financial reports. Although most bookkeepers can ‘reconcile' the balance sheets and ru reports, most bookkeepers don't know how to ‘interpret the numbers', and present them to you in a meaningful way. Which is why you need a financial controller. That's where we step in to ‘get you off the hook'. In a nutshell, our team of in-house financial managers, become your team. of in-house financial managers, but without you having to hire permanent staff. And with the additional benefit of that ‘birds eye view' of your business financial situation. We're not caught up in your day-to-day which means we can see things you and your in-house staff won't notice, because they're too close to the situation. Our approach is to come into your business, get your accounts accurate, establish or improve your processes, develop your bookkeeping and accounting manual, and lay a solid foundation for accurate and timely data. And then once everything is ticking along in a monthly routine, we then go deeper into analysis of the finances prepare monthly management reports, and meet with you regularly with insights. We provide you with financial accountability, by following up when you make plans for changes. And we continue to fill your financial management, accounting and bookkeeping gap until you actually grow big enough to need, and be able to afford, an in-house accountant and a bookkeeper. Once that happens we can train your staff in the processes, and leave you to it! But of course make ourselves always available during and after the transition, should you ever need our assistance.
Office Phone : (03) 8518 4002
Address : Suite 57 / 139 Cardigan Street, Carlton, 3053, Victoria.
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