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Taged Articles: Budgets and Cashflow Forecasts

8th May, 2025
Scaling Up: Why Getting the Foundations Right is Critical
Scaling Up: Why Getting the Foundations Right is Critical
Accountants Minute 405
Across Australia, thousands of ambitious businesses dream of scaling up – growing from a small operation into a thriving, sustainable enterprise. But here’s the hard truth: As an accountant, bookk…
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26th Mar, 2025
Your Roadmap to Premium Advisory Services Starts Here
Your Roadmap to Premium Advisory Services Starts Here
Accountants Minute 399
Advising a growth-focused client is one of the most rewarding challenges an accounting professional can take on. It’s exciting, thought-provoking – and it stretches your firm beyond compliance into h…
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19th Mar, 2025
The Time Is Now: Evolve Beyond Compliance
The Time Is Now: Evolve Beyond Compliance
Accountants Minute 398
For years, accountants and bookkeepers have focused primarily on compliance—but is that enough to sustain your firm’s future? The landscape is shifting, and businesses need more than just tax retur…
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11th Mar, 2025
Advisory Services: The Future of Accounting
Advisory Services: The Future of Accounting
Accountants Minute 397
Is It Time to Expand Your Services? The world of accounting and bookkeeping is evolving rapidly. If your firm primarily focuses on compliance-based work, you may be at risk. 2.5 years ago, former Ta…
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4th Mar, 2025
Supercharge Your Firm With Financial Forecasting
Supercharge Your Firm With Financial Forecasting
Accountants Minute 396
As an accountant, bookkeeper, or business advisor, you know that SMEs often struggle with financial planning, business scaling and long-term sustainability. But what if you could be the key to tran…
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25th Feb, 2025
Unlock SME Growth: Why Advanced Strategies are a Game-Changer
Unlock SME Growth: Why Advanced Strategies are a Game-Changer
Accountants Minute 395
In today’s fast-paced market, sustainable growth is more than just a goal—it’s a necessity. For businesses aiming to ‘scale-up’, embedding robust systems into daily operations isn’t optional; it’s th…
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17th Feb, 2025
Build Firm Foundations: 12 Essential Systems for Business Success
Build Firm Foundations: 12 Essential Systems for Business Success
Accountants Minute 394
As accountants, bookkeepers, and business advisors, we often see businesses start with enthusiasm and ambition but falter due to weak operational foundations. A survey of 1,000 SMEs conducted by MYOB…
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10th Feb, 2025
Helping SMEs Thrive: Systems for Business Growth
Helping SMEs Thrive: Systems for Business Growth
Accountants Minute 393
According to SmartCompany, “91% of business owners recently surveyed said that Growth Is Their Main Challenge. The path to sustainable expansion isn’t just about revenue—it’s about systems. For SMEs…
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4th Feb, 2025
SMEs Need a Trusted Advisor
SMEs Need a Trusted Advisor
Accountants Minute 392
Running a small business in Australia has never been more challenging. Financial and commercial pressures are mounting, and for many SMEs, these issues can spell disaster if left unaddressed. Recent…
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29th Jan, 2025
Preparing SMEs for the Challenges of 2025
Preparing SMEs for the Challenges of 2025
Accountants Minute 391
The economic landscape for Australian SMEs in 2025 looks daunting. High interest rates, inflation, political uncertainty with the Federal Election, and increasing business failures are creating a per…
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16th Dec, 2024
Guide SMEs Through Challenges: Your Advisory Role Matters
Guide SMEs Through Challenges: Your Advisory Role Matters
Accountants Minute 390
SMEs are facing challenging times Small and Medium-sized Enterprises (SMEs) are under immense pressure. High interest rates, persistent inflation, and rising business failures are creating ripple ef…
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5th Dec, 2024
Future-Proof Your Firm: Embrace Advisory Service Now
Future-Proof Your Firm: Embrace Advisory Service Now
Accountants Minute 388
At Xerocon 2022, the former-Tax Commissioner Chris Jordan issued a powerful warning: “If your business model is high-volume, low-margin, and focused on simple tax returns, it will not be viable in 3…
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2nd Dec, 2024
Revolutionise Your Accounting Firm and Help SMEs Thrive
Revolutionise Your Accounting Firm and Help SMEs Thrive
Accountants Minute 387
Accountants, the time has come to step beyond the boundaries of tax returns and financial statements. As SMEs grapple with high interest rates, inflation, and uncertainty, your clients need more than…
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26th Nov, 2024
Transforming SMEs: Your Advisory Services Revolution Starts Here!
Transforming SMEs: Your Advisory Services Revolution Starts Here!
Accountants Minute 386
In the world of accounting, ‘advisory services’ has become a buzzword. But in Australia, its meaning varies widely—leaving many SMEs under-supported in areas where they need the most help. So, what…
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20th Nov, 2024
Turning Ideas into Incentives: R&D and the role of Accountants
Turning Ideas into Incentives: R&D and the role of Accountants
Accountants Minute 385
Every great product or service begins with an idea. It might strike in a factory, a warehouse, a farm, or even while daydreaming mid-flight. But for these ideas to transform into impactful innovation…
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20th Sep, 2024
Comprehensive Business Advisory Solutions for Accountants and Bookkeepers
Comprehensive Business Advisory Solutions for Accountants and Bookkeepers
Accountants Minute 381
When reviewing the Product Packages offered by ESS BIZTOOLS to help accountants and bookkeepers ‘DELIVER ADVISORY SERVICES TO SME CLIENTS’, it's important to understand the foundation on which these…
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28th Aug, 2024
The Critical Role Of Accountants In Supporting SMEs
The Critical Role Of Accountants In Supporting SMEs
Accountants Minute 380
A key question for accountancy firms is: “Does the delivery or non-delivery of business advisory services reflect how SMEs rate Accountants?” To understand the impact of ADVISORY SERVICES on SMEs…
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21st Aug, 2024
Challenges are mounting for SMEs: how can you help?
Challenges are mounting for SMEs: how can you help?
Business Advisory Services Update
Our recent webinar – ‘Fiscal Management – a Starting Point’ – covered a range of very important topics for accountants and bookkeepers relative to providing services to SMEs who are currently facing…
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20th Aug, 2024
Tradie Charge Out Rate Calculator: ABSOLUTE GOLD!
Tradie Charge Out Rate Calculator: ABSOLUTE GOLD!
Accountants Minute 379
Last week, ESS BIZTOOLS presented a webinar featuring Amanda Gascoigne, Accounting Industry Mentor and Coach. In this webinar, Amanda has expressed her enthusiasm to the ESS BIZTOOLS’ Tradie Charge O…
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12th Aug, 2024
Becoming the Brilliant and Trusted Advisors SMEs need today
Becoming the Brilliant and Trusted Advisors SMEs need today
Business Advisory Services Update
The former ATO Commissioner Chris Jordan warned in 2022 that many Accountants needed to adopt a “new business model”, if they were going to remain viable in the next few years. He commented that Acc…
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8th Aug, 2024
Equity financing provides valuable opportunities for accountants
Equity financing provides valuable opportunities for accountants
Accountants Minute 378
SMEs need accountants who have skill sets beyond the preparation of annual accounts and income tax returns. This was the theme that the pioneers of ‘Diversification of Accounting Services’, FMRC (Fi…
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22nd Jul, 2024
The importance of an effective charge out rate calculators for tradies
The importance of an effective charge out rate calculators for tradies
Business Advisory Services Update
There are thousands of tradie businesses in Australia, and virtually every small/medium sized accounting and bookkeeping firm has one or more business clients under this category. Calculating charge…
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16th Jul, 2024
Navigating challenges and embracing opportunities in the Accounting profession
Navigating challenges and embracing opportunities in the Accounting profession
Accountants Minute 377
Our vision for accountancy firms in 2024… Strategy 1: Talent is key to success Andrew Geddes, joint Founder of Financial Management Research Centre (FMRC) and former Chair of Greencross Ltd (a top…
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9th Jul, 2024
Empowering Bookkeepers to DELIVER Advisory Services
Empowering Bookkeepers to DELIVER Advisory Services
Business Advisory Services Update
The recent article in the Financial Review, featuring the CEO of MYOB, Paul Robson, clearly identified FISCAL MANAGEMENT as a significant issue for SMEs. Mr Robson indicated that many SMEs start off…
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8th Jul, 2024
Enhancing profitability for tradies
Enhancing profitability for tradies
Business Advisory Services Update
There are thousands of ‘tradie’ businesses in Australia, and virtually every small/medium sized accounting and bookkeeping firm has one or more ‘tradie’ business clients. Unfortunately, many tradies…
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12th Jun, 2024
Advisory Services: shaping your vision of accountancy
Advisory Services: shaping your vision of accountancy
Accountants Minute 376
A key question for Accountants is: What is the breadth of services that your clients require to assist them to survive, grow and if they wish to ‘scale up’ their business operations? Many large comp…
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22nd May, 2024
Cash flow management - VITAL for survival
Cash flow management - VITAL for survival
Accountants Minute 375
In a recent article from Financial Review, MYOB CEO Paul Robson highlighted the importance of ‘Fiscal Management Skills’. This was mentioned in Accountants Minute Issue 372. In this article, it was…
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21st May, 2024
Do you aspire to be the financial expert?
Do you aspire to be the financial expert?
Business Advisory Services Update
The recent report by the ASIC indicates that small business failures have jumped to 34% this financial year. This highlights the significant problems that SMEs have. Not understanding FISCAL MANAGEM…
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8th May, 2024
How can ESS BIZTOOLS help? Part 2
How can ESS BIZTOOLS help? Part 2
Business Advisory Services Update
Other products that ESS BIZTOOLS offer include: Introduction to R&D Tax Rebate: a great resource to allow you to provide R&D financial advisory service to your SME clients. Introduction to…
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7th May, 2024
How can ESS BIZTOOLS help? Part 1
How can ESS BIZTOOLS help? Part 1
Business Advisory Services Update
The ESS BIZTOOLS subscription packages contains a wide range of resources to help Bookkeepers and Accountants to deliver the type of services SMEs are seeking. Some of these resources are: SME Needs…
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3rd May, 2024
SMEs are on the lookout for proactive advice
SMEs are on the lookout for proactive advice
Business Advisory Services Update
SMEs are on the lookout for proactive advice ADVISORY SERVICE entails Bookkeepers and Accountants assisting SMEs beyond the past – with their present and future business issues. Being the ‘historian…
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2nd May, 2024
Resources to become a brilliant and trusted advisor
Resources to become a brilliant and trusted advisor
Accountants Minute 374
Advisory Services require Bookkeepers and Accountants to assist SMEs with their problems today and in the future – being the ‘HISTORIAN’ is only for taxation purposes! At Xerocon 2022, the then Tax…
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21st Mar, 2024
WEEKLY REFLECTIONS: “Corporate insolvencies spike to a decade high”
WEEKLY REFLECTIONS: “Corporate insolvencies spike to a decade high”
Business Advisory Services Update
“Corporate insolvencies spike to a decade high” – Australian Financial Review, 20 March 2024 This heading highlights the urgency of ADVISORY SERVICES being delivered by Accountants and Bookkeepers…
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20th Mar, 2024
Advisory services assist diversification
Advisory services assist diversification
Business Advisory Services Update
Offering advisory services to SMEs by Bookkeepers and Accountants assists in the diversification of the firm’s activities so as to give some protection from the challenges predicted by the Tax Commis…
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19th Mar, 2024
Assisting retailers to generate targeted profit
Assisting retailers to generate targeted profit
Business Advisory Services Update
Bookkeepers and Accountants who are offering Advisory Services can make some valuable input to retailers, who have to wrestle with a different situation from tradies when setting retail prices to ach…
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18th Mar, 2024
‘Advisory Intro’ launched for Bookkeepers and Accountants
‘Advisory Intro’ launched for Bookkeepers and Accountants
Business Advisory Services Update
The new ‘ADVISORY INTRO PRODUCT PACKAGE’ has been developed by ESS BIZTOOLS, to assist Bookkeeping/ Accounting firms to deliver Advisory Services to SMEs, charities, not-for-profit and sporting organ…
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14th Mar, 2024
WEEKLY REFLECTIONS: Trusted advisor delivery is changing!
WEEKLY REFLECTIONS: Trusted advisor delivery is changing!
Business Advisory Services Update
Delivery of COMPLIANCE and ADVISORY SERVICES is what SMEs deserve from their TRUSTED ADVISOR. “The role of a TRUSTED ADVISOR is crucial in helping people and businesses find ways to continue to thri…
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13th Mar, 2024
Delivering fiscal management skills - a VITAL role
Delivering fiscal management skills - a VITAL role
Accountants Minute 372
SMEs require systems similar to larger businesses SMEs face significant challenges beyond the scope of ‘Traditional Accounting Services’, such as preparing annual accounts and tax returns. Paul Robs…
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12th Mar, 2024
Predictive accounting creates storytellers
Predictive accounting creates storytellers
Business Advisory Services Update
Predictive Accounting enables the ‘Financial Interpretation’ of the Business Plan to be prepared by Accountants. This process has the significant benefit of ‘bringing the business plan to life’. Wi…
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11th Mar, 2024
Week-by-week accounting VITAL for success
Week-by-week accounting VITAL for success
Business Advisory Services Update
Accountants and bookkeepers are aware that the old concept of producing an annual set of accounts and income tax return is not enough data for a business to survive. The ‘52-WEEK BUSINESS ENHANCEMEN…
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29th Feb, 2024
WEEKLY REFLECTIONS: Heed the warning? Advisory services enhance viability!
WEEKLY REFLECTIONS: Heed the warning? Advisory services enhance viability!
Business Advisory Services Update
18 months ago, the Tax Commissioner delivered a message to Bookkeepers and Accountants: “You must understand that if your business model is high-volume, low margin, simple tax returns, your business…
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28th Feb, 2024
Setting SMEs up to succeed
Setting SMEs up to succeed
Business Advisory Services Update
This is a very important role for SME Advisers. After the ‘Due Diligence Review’ on the business operations, we now move into the serious business relating to the preparation of a Business Plan for…
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27th Feb, 2024
Keen to deliver advisory services to SMEs?
Keen to deliver advisory services to SMEs?
Business Advisory Services Update
Bookkeeping firms and bookkeeping sections within accountancy firms certainly have a lot of contact with their SME clients on a daily, weekly or monthly basis. This means it is very important that t…
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27th Feb, 2024
Preparing to DELIVER Advisory Services
Preparing to DELIVER Advisory Services
Accountants Minute 371
Preparation is important The ‘Tradie Charge Out Rate Calculator’ available within ESS BIZTOOLS addresses a common issue faced by small and medium-sized accountancy firms working with Tradie business…
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26th Feb, 2024
Systems foundations vital
Systems foundations vital
Business Advisory Services Update
Financial Records are prepared not just for the preparation of annual financial statements and tax returns. The basic financial records are the FOUNDATION on which the business is built – just like a…
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23rd Feb, 2024
WEEKLY REFLECTION: Model service delivery on larger businesses
WEEKLY REFLECTION: Model service delivery on larger businesses
Business Advisory Services Update
Annual accounts and tax returns are not enough data to successfully operate a business. SMEs need monthly financial accounts, as well as business KPIs and metrics, comparison to budgets – data simil…
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22nd Feb, 2024
Documenting the vision
Documenting the vision
Business Advisory Services Update
A key component of Accountants/Bookkeepers services to SMEs beyond the preparation of annual accounts and income tax return is to assist your SME client to ‘DOCUMENT THE VISION’. This is a very impo…
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19th Feb, 2024
Are the annual accounts and tax return enough?
Are the annual accounts and tax return enough?
Business Advisory Services Update
Absolutely not! One of the real problems confronting SMEs is that most professional accounting firms are only concentrating on the production of an annual set of accounts and taxation return for bus…
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16th Feb, 2024
Documentation for investors
Documentation for investors
Business Advisory Services Update
Companies seeking to raise funds from investors by utilising Section 708 of the Corporations Act need to ensure that only ‘personal offers’ are made, and that there is no marketing or advertising rel…
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16th Feb, 2024
Documentation for investors
Documentation for investors
Business Advisory Services Update
Companies seeking to raise funds from investors by utilising Section 708 of the Corporations Act need to ensure that only ‘personal offers’ are made, and that there is no marketing or advertising rel…
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6th Feb, 2024
Deciding to go?
Deciding to go?
Accountants Minute 370
The GIANT AWAKENING The '2024 NAB Accounting and Financial Planning Report' revealed that 85% of surveyed Accounting Firms are “offering business strategy”, emphasizing the growing importance of Adv…
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19th Jan, 2024
Reflections: Are your SME clients SOPHISTICATED INVESTORS?
Reflections: Are your SME clients SOPHISTICATED INVESTORS?
Business Advisory Services Update
Read more
17th Jan, 2024
The Giant Awaking
The Giant Awaking
Business Advisory Services Update
The ‘2024 NAB Accounting and Financial Planning Report’ stated that “85% of the accounting firms surveyed indicated they were “offering business strategy”. Whilst we believe the key indicator is the…
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16th Jan, 2024
Delivering advisory services?
Delivering advisory services?
Business Advisory Services Update
It looks like 2024 is going to be another challenging year for SMEs. Is your accounting/bookkeeping firm able to supply the support services that your clients need? Some of the key issues… Inflatio…
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20th Dec, 2023
From offering to actually DELIVERING advisory services
From offering to actually DELIVERING advisory services
Accountants Minute 369
MERRY CHRISTMAS AND BEST WISHES FOR 2024 The SME market needs support from small/medium-sized accountancy and bookkeeping firms to meet the challenges that 2024 are expected to present: high interes…
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12th Dec, 2023
Winning strategies for 2024 - creating 'deliverable' services
Winning strategies for 2024 - creating 'deliverable' services
Accountants Minute 368
This is the continuation of the strategy two of our ‘WINNING STRATEGIES FOR 2024’ in which we identify Product Packages that will assist Accountants/Bookkeepers to ‘DELIVER ADVISORY SERVICES’. Busin…
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7th Dec, 2023
Winning Strategies for 2024 - Strategy 2
Winning Strategies for 2024 - Strategy 2
Accountants Minute 367
STRATEGY 2 – CREATING ‘DELIVERABLE’ SERVICES! ESS BIZTOOLS strategy is to deliver product packages which will enable Accountants and Bookkeepers to be able to “DELIVER” Business Improvement Services…
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27th Nov, 2023
Enhancement for tradies!
Enhancement for tradies!
Business Advisory Services Update
The Tradie Charge out Rate Calculator gives accountants and bookkeepers a great opportunity to be able to discuss with Tradie clients the implementation of a “Business Improvement System”, to assist…
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15th Nov, 2023
Communications can generate revenue!
Communications can generate revenue!
Accountants Minute 365
“In presentations, as in the rest of life, sticking with the same old presenting styles on the basis of ‘that’s how I’ve always done it’ really means you’re standing still while the rest of the world…
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9th Nov, 2023
Innovative Advisory Services SMEs are looking for
Innovative Advisory Services SMEs are looking for
Accountants Minute 364
Innovative Advisory Services SMEs are looking for The transformation of the accounting profession in Australia and New Zealand over the past 40 years has been driven by various factors, including te…
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6th Nov, 2023
Advisory services - the new mantra for SMEs
Advisory services - the new mantra for SMEs
Business Advisory Services Update
Inflation too high, interest rates too high, unemployment about 2.7%, business failures are increasing, cost of living is rising very fast. Debtors days outstanding are increasing – causing cash flo…
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31st Oct, 2023
Delivering the virtual CFO services offers you the “Financial Storytelling Role”
Delivering the virtual CFO services offers you the “Financial Storytelling Role”
Accountants Minute 363
Delivering the virtual CFO services offers you the “Financial Storytelling Role” There is a great opportunity for accountants/bookkeepers to clearly differentiate services to SMEs by implementing vi…
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30th Oct, 2023
Start the conversation with the SME Needs Analysis
Start the conversation with the SME Needs Analysis
Business Advisory Services Update
Unsure where to start with having a conversation with some clients about implementing advisory services? Why not visit one or two clients with the SME Needs Analysis, developed by ESS BIZTOOLS? The…
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25th Oct, 2023
The new norm: delivering Advisory Services
The new norm: delivering Advisory Services
Accountants Minute 362
The services provided by Accountants/Bookkeepers offering Advisory Services is crucial for SMEs, as they navigate the challenges that are confronting all businesses and seek assistance from their Acc…
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18th Oct, 2023
Real time management is important
Real time management is important
Business Advisory Services Update
The 52-Week Business Enhancement System enables Accountants/Bookkeepers to deliver “real time services” similar to what many larger businesses enjoy, which will be very beneficial to SME clients. Th…
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17th Oct, 2023
Enhanced system commences with bookkeeping
Enhanced system commences with bookkeeping
Business Advisory Services Update
The logical place to commence the 52-Week Business Enhancement System for SMEs is a full review of the bookkeeping system. Why? Most SMEs will benefit by receiving a regular “daily business report”…
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11th Oct, 2023
What is worrying your client?
What is worrying your client?
Business Advisory Services Update
There are a lot of issues confronting business operators at present. High interest rates, supply chain difficulties, high inflation, staffing difficulties, to name a few. Our suggestion is that you…
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10th Oct, 2023
You need to look at the trends!
You need to look at the trends!
Business Advisory Services Update
“Accountants and bookkeepers need to understand what is happening in the marketplace.” This was a statement from Andrew Geddes, joint Founder of FMRC and Chair of the ASX top 200 Company, Greencross…
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9th Oct, 2023
Delivering the services that the market needs!
Delivering the services that the market needs!
Accountants Minute 361
In 2023, we believe it is reasonable that accounting firms should accept that your role is to deliver a virtual CFO service to your SME clients. Whether this is actually expressed in those words or n…
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5th Oct, 2023
The new era is with us - it just didn't happen!
The new era is with us - it just didn't happen!
Accountants Minute 360
The new era for Accountants in Australia and New Zealand didn’t just happen. In fact, it started about 40 years ago when the Financial Management Research Centre (FMRC) was created at the University…
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4th Oct, 2023
It starts with a plan!
It starts with a plan!
Business Advisory Services Update
The foundation for all successful businesses is that they have a plan. This is the “BUSINESS PLAN”. You may have got to this stage by having a “one-on-one meeting” with your client – reviewing what…
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3rd Oct, 2023
The evolution of accounting services – are you ready?
The evolution of accounting services – are you ready?
Business Advisory Services Update
This is the dilemma that many accountancy firms are facing. Choices need to be made to ensure that firms survive in a rapidly changing industry. Of particular concern is how quickly low-end tax com…
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27th Sep, 2023
The big question is…
The big question is…
Business Advisory Services Update
Can accountants diversify some of their services from a compliance dominance to being able to offer a virtual CFO service to their SME clients? There is an opinion that some accountants are very bus…
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26th Sep, 2023
A commitment to learning is important
A commitment to learning is important
Accountants Minute 359
This is the eighth segment of the discussion with Andrew Geddes about important issues currently facing the Accounting Industry. Click here to access the previous segments: Issue 353 - It’s the d…
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25th Sep, 2023
SMEs need financial services now!
SMEs need financial services now!
Business Advisory Services Update
SMEs are looking for accountants/bookkeepers to provide them with key information that they can use daily/weekly/monthly to navigate the future. You might ask, “Can we move from compliance to extern…
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20th Sep, 2023
Starting the “scaling up” process
Starting the “scaling up” process
Business Advisory Services Update
“Scaling up” just doesn’t happen! There is no quick fix, the process requires planning, discipline and adherence to systems. Accountants who are embracing the concept of providing Business Advisory…
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19th Sep, 2023
Creating new services for your client and your firm
Creating new services for your client and your firm
Accountants Minute 358
This is the seventh segment of the discussion with Andrew Geddes about important issues currently facing the Accounting Industry. Click here to access the previous segments: Issue 353 - It’s the…
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18th Sep, 2023
More than straight accounting knowledge needed!
More than straight accounting knowledge needed!
Business Advisory Services Update
Accountants who are performing a virtual CFO service for SMEs normally realise that there is more involved in offering these types of services than just the preparation of financial accounts. In mos…
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13th Sep, 2023
SMEs need effective foundations
SMEs need effective foundations
Business Advisory Services Update
Every so often, most accountants experience a client that starts a business in a great flurry! Turnover climbs quite quickly and then unfortunately things go wrong. The challenge for accountants is…
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12th Sep, 2023
Implementing "Monitoring Performance" helps SMEs to "scale up"
Implementing "Monitoring Performance" helps SMEs to "scale up"
Accountants Minute 357
This is the fifth segment of the discussion with Andrew Geddes* about important issues currently facing the Accounting Industry. Click here to access the previous segments: Issue 353 - It’s the d…
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11th Sep, 2023
Trends analysis helps SMEs
Trends analysis helps SMEs
Business Advisory Services Update
Accountants can assist SME business operators to conduct a full review of their businesses by coordinating a TOWS Analysis. “T” is for Trends “O” is for Opportunities “W” is for Weaknesses “S” is…
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6th Sep, 2023
Monthly performance review is best practice
Monthly performance review is best practice
Business Advisory Services Update
The preparation and analysis of monthly financial accounts for individual activities comprising Profit and Loss, KPIs and comparison to Budget Report enables the leadership team to review the perform…
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5th Sep, 2023
Value adding with specialist services
Value adding with specialist services
Accountants Minute 356
This is the fourth segment of the discussion with Andrew Geddes* about important issues currently facing the Accounting Industry. Click here to access the previous editions: Issue 353 - It’s the…
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4th Sep, 2023
Monthly accounts keep everyone on the ball!
Monthly accounts keep everyone on the ball!
Business Advisory Services Update
Accountants, by implementing a 52-week financial system for your SME clients, you will ensure that monthly financial accounts are prepared and analysed promptly, for the benefit for your SME clients…
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30th Aug, 2023
Advisory services must have budgeting!
Advisory services must have budgeting!
Business Advisory Service Update
Arguably, the most important document for accountants to produce for SME clients is the “Predictive Accounting Reports” comprising: Budgets for each individual business operation conducted by the…
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29th Aug, 2023
Facilitating business planning is an important role.
Facilitating business planning is an important role.
Business Advisory Services Update
Accountants can add real value to an SME by proactively facilitating the business planning process. Most businesses relate far better in the business planning process if it is facilitated by an advis…
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29th Aug, 2023
Getting started - you need a conversation
Getting started - you need a conversation
Accountants Minute 355
This is the third segment of the discussion with Andrew Geddes* about important issues currently facing the Accounting industry. To access the previous editions click below: Issue 353 - It’s the da…
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24th Aug, 2023
In-depth knowledge is vital!
In-depth knowledge is vital!
Business Advisory Services Update
Where do you start if you are undertaking the delivery of Business Advisory Services to a client?  Even though you may have been preparing the income tax return and the annual accounts for a cli…
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21st Aug, 2023
It starts with bookkeeping!
It starts with bookkeeping!
Business Advisory Services Update
It is important that the basic documentation within a business is being prepared regularly. This allows the key information required by various people to become available, to enable them to undertake…
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18th Aug, 2023
SMEs need CFO services
SMEs need CFO services
Accountants Minute 354
This is the second segment of the discussion with Andrew Geddes* about important issues currently facing the Accounting Industry, following from Issue 353 of Accountants Minute. CFO Services Offer…
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16th Aug, 2023
Accountancy firms are changing
Accountancy firms are changing
Business Advisory Services Update
There are certainly a lot of changes in the wind for accountancy firms. Recent developments in Canberra have identified strong moves are afoot to compel Big 4 accounting firms, to divest themselves…
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14th Aug, 2023
Crowd Sourced Funding: great for innovative businesses!
Crowd Sourced Funding: great for innovative businesses!
Business Advisory Services Update
Most innovative businesses will need to seek “seed capital” to get them started. This will be funding primarily from friends, family and associates who are aware of your client’s innovative project…
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11th Aug, 2023
It's the dawn of a new era - are you ready?
It's the dawn of a new era - are you ready?
Accountants Minute 353
It’s the dawn of a new era – are you ready? Insights from a recent webinar presented by ESS BIZTOOLS, featuring Andrew Geddes, Australian Accounting Industry Guru and Peter Towers, Managing Director…
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9th Aug, 2023
Early Stage Innovation Company is designed for innovative businesses
Early Stage Innovation Company is designed for innovative businesses
Business Advisory Services Update
Many companies that are engaged in innovative activities could be eligible to apply for the “Early Stage Innovation Company” status. The benefit is that the company becomes far more attractive to po…
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7th Aug, 2023
“Seed Capital” needed in most innovative projects
“Seed Capital” needed in most innovative projects
Business Advisory Services Update
Undertaking an innovative project invariably costs more money than what the inventor originally envisaged. This is when the inventor will need assistance, normally from an accountant to raise capital…
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4th Aug, 2023
Predictive accounting – a vital tool for helping SMEs to succeed
Predictive accounting – a vital tool for helping SMEs to succeed
Accountants Minute 352
Accounting News Predictive accounting – a vital tool for helping SMEs to succeed Accountants, virtually every one of your SME clients will benefit from the preparation of “Predictive Accounting Rep…
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2nd Aug, 2023
Innovation projects require predictive accounting
Innovation projects require predictive accounting
Business Advisory Services Update
Accountants, businesses that start with a Research Project are commencing the “Innovation Journey”. Many clients will not appreciate the various processes and challenges that are going to confront th…
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1st Aug, 2023
Business Plans – the “policy document”
Business Plans – the “policy document”
Business Advisory Services Update
Business plans are like maps for tourists – if you don’t know where you’re going, how are you going to know when you get there? Unfortunately, not enough SMEs are taking time out each year to sit do…
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31st Jul, 2023
Innovative businesses welcome grants
Innovative businesses welcome grants
Business Advisory Services Update
Accountants you will benefit from the variations that they will encounter from assisting clients undertaking the Innovation Journey. One of the significant variations is researching and then assisti…
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26th Jul, 2023
Research is where innovation starts
Research is where innovation starts
Business Advisory Services Update
How many of your clients miss out on claiming the Research and Development (R&D) Tax Offset because they are unaware of the rules that relate to claiming legitimate R&D expenditure? Firstly…
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