Archive for 'Accounting'
Should I have my Accounts Audited.
I met a new client yesterday. They are a small business importing items and retailing them through a retail outlet – and very successfully as well. Once of the questions that was asked was – should I have my accounts audited? It is a question that I am often asked, and in most cases I [...]
Full StoryDo you have “Financial Control” part 2
2. Gross Profit. Every business has a set of expenses that relate directly to the revenue derived. They rise and fall depending on what level sales are at and they identify the costs that go into directly attaining that revenue. If you are a real estate agent then the commission paid to sales people and [...]
Full StoryDo you have “Financial” Control of your business
Ok we have explored the strategic and budget process that every business should investigate, over the last couple of weeks. But what I really want to know is whether you believe that you have a clear understanding and ultimately control over your business – from a financial aspect? If I printed off your profit and [...]
Full StoryPreparing Your Budget
Whenever I talk budgets to my clients I see the fear on their faces. Be it because they don’t want to address the issues, they don’t want to plan for fear of failure or the long held connotations that the process is all too difficult – I really don’t know. So lets cull that belief [...]
Full StoryBudget Review Time
Now that you have worked through your strategic plan its time to turn your focus to what that all means for the business. Now I am very passionate about the budget and its ability to direct your decision making process. It is the one tool that allows you to make informed decisions about where you [...]
Full StoryWhat makes a “Good” Accountant – part 2
Following on from my last post lets look at the rest of the factors that make a good accountant. A good accountant: 4.. Can think strategically. Setting up a complex structure that allows profits to be diverted to the Caymen Islands is fantastic if you stay under the ATO radar, trust that your accountant knows [...]
Full StoryWhat makes a “Good” Accountant
I was at a NYE party last night and the inevitable question was asked of me: “So Colin, what do you do?” After a bit of discussion about what Bentley Partners does and what I do within the company, the topic transgressed to the qualities that make a good accountant. After the jokes about bean [...]
Full StoryShould you borrow more money?
At Bentley we pride ourselves on our ability to assist our clients to obtain the funding requirements that they require to grow and manage their businesses. We have extensive relationships with people capable of assisting them to get what they need. But the one question that they often fail to ask themselves is “Do I [...]
Full StoryPlanning – fun or not so fun
Yes you have probably heard it all before and you are going to hear it again. Businesses don’t plan to fail they fail because they don’t plan. I could also run through the alarming statistics around business failures in Australia but that would be simply pushing the boundaries a little too far. In a recent [...]
Full StoryBudget – the Key Business Tool
A business that does not prepare a budget is flying blind – literally. Your budget is the most significant business tool that you have a your disposal. It establishes the KPI’s that your business should be targeting thus ensuring that you have a point of reference to compare against. It ensures that you make decisions [...]
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