SME Debtors' System Manual Training

WIN for your clients, you’ll be assisting them to add value to their businesses! WIN for your team, who will have interesting and challenging work, will help your firm with retention and attraction…

“Because Your Greatest Challenge At The Moment Is Getting Good People To Work With” Andrew Geddes, Australian Accounting Legend, Chair for 10 years of Greencross Ltd, a company which developed over…

According to the recent report released by CommBank Accounting Market Pulse, diversification of services is a major objective by accountancy firms all over Australia this financial year. ESS BIZTOOL…

Predictive Accounting - 3 Way Forecasting Adds Real Value The process of the preparation of a three-way financial forecast, which is known as “Predictive Accounting”, adds real value to the input th…

It’s the end of 2020/21 and the beginning of 2021/22.  The CommBank Accounting Market Pulse Report has identified that most accountancy firms will be implementing a broader range of services.&nb…

Business Advisory Services has been talked about for the last decade and has got a little bit closer to becoming a mainstream accounting industry service each year, over that 10 year period. The Com…

Accountants who are committed to offering a broader range of diversified services, known as “Business Advisory Services”, to SME clients need to assist those clients in planning their future. Busine…

The CommBank Accounting Market Pulse Report released 3.1/2 weeks ago identified that, from the surveys that they had conducted with accountants all over Australia, only 5% of those firms “would not b…

Many businesses are facing an uncertain economic future and will be looking to their accountants/business advisors/bookkeepers to give them advice as to what the future holds for them.  The…

Welcome to Accountants Minute. There are two major issues for accountants to consider relative to “future proofing” and SME debtors’ management: Australia has the dubious title of having the “lon…

Welcome to Accountants Minute. The CommBank Accounting Market Pulse June 2018 identified a number of service lines, outside of traditional accounting/taxation services, in which some accountants are…

Welcome to Accountants Minute. Having too much money owing by debtors, high levels of stock on hand and work in progress or high levels of capital expenditure, can all contribute to significant cash…

Welcome to Accountants Minute. “Today’s business environment is in a state of flux with some industries extremely buoyant whilst others are floundering.”  “Accounting firms service all sectors…

You might ask – where are the opportunities to create “new income streams” from other than compliance work? The opportunities include: Personal Property Securities Register I have recently comple…

From my point of view it is preferable that the “someone” be an accountant. Surveys conducted over the last fifteen years by MYOB, CCH and various other organisations have all identified that a sign…

Accountants, how to create value-add for your clients is undoubtedly one of the biggest questions you need to answer at the beginning of the 2017/18 financial year. We suggest that, in the first ins…

Hello, I’m Peter Towers, Managing Director of ESS BIZTOOLS and ESS BASIP.  Welcome to Accountants Minute. Accountants, small/medium enterprises want value added services.  Services that your clients…

Late payments are the “silent killer of small business” Kate Carnell the Australian Government’s Small Business Ombudsman said in her reaction to the UK based “Market Invoice” report in late 2016. A…

CCH iFirm presented a very interesting webinar earlier this week which raised a number of questions relating to how you might go about building a “Future Fit Accountancy Business”. What do you need…

Have you contacted your clients to ascertain their debtors' days outstanding?  How many of your clients have debtors' days outstanding similar to the average figure determined in a worldwide review t…

“90% of small business failures are due to poor cashflow” Ms Kate Carnell the Australian Government’s Small Business Ombudsman said recently. “Australia has the longest debtors days outstanding in t…

Whilst there is some debate as to the degree that individual accountancy businesses will be affected by changes in the marketplace relating to taxation returns, financial advice and superannuation fu…

There is no doubt that there are changes in the accounting market.  These changes are occurring at an ever faster pace!  How you respond to these changes will significantly affect what your accountan…

Accountants can assist small/medium enterprises to reduce their Debtors' Days Outstanding by producing a Debtors Systems' Manual. A written debtors' manual, together with targeted training of the sm…

Australia is lagging the rest of the world in terms of late payments described as the “silent killer of modern business” by the Australian government’s Small Business Ombudsman, Kate Carnell late las…

Whilst compliance work is still important, it's no longer the only "game" for accountants/advisors! The key 2017 challenge for accountants and advisors is “responding to client requirements for acco…

I'd like to take this opportunity of wishing you, your colleagues and your families a very Happy Christmas and I hope that 2017 will be very prosperous for you and your business. Over the last six m…

As we get near the end of another calendar year it's an appropriate time for accountants to be asking yourselves what services will your clients want in 2017? There has been a lot of debate over the…

Do you know that, in various surveys, small/medium enterprises have identified that they would like to receive additional commercial services from their accountants/advisors? One of the key services…

Do you know that accountants/advisors have been identified as the trusted adviser for small/medium enterprises, to offer a range of non-compliance services in addition to taxation, to help small/medi…