Given the rise of cloud accounting technology, the ability for accountants to interact and work more closely with clients has never been better.
Cloud software gives small businesses and their accountants access anywhere, anytime and on any device. All that is required is an internet connection! And with the numerous “add-on” software solutions (eg POS systems) that can bolt onto the accounting software (eg Xero), a business can achieve significant efficiencies. They can also realise substantial savings on their IT hardware and software costs.
From bookkeeping to a full virtual CFO service, accountants can now do the lot. This is particularly beneficial for those small business that have grown to the point that they need to consider setting up an internal finance team to take care of compliance and internal reporting – costings, monthly reports, projections, etc.
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By partnering with the accountant, and using cloud software, small businesses can access superior know-how and experience at a fraction of the cost of an in-house finance team.
For example, we have many clients who now access our virtual CFO and finance team services. We do 80%-90% of the finance work, including:
- Transaction processing & bank reconciliations;
- Accounts payable (incl. paying suppliers);
- Accounts receivable;
- Managing inventory;
- BAS lodgements, WorkCover & Payroll Tax;
- Monthly management reports & performance monitoring;
- Budgets, forecasts and cashflow management;
- Ongoing tax planning & strategy; and
- Annual financial reporting and income tax.
When compared to those clients who see their accountant once a year and muddle through the rest of the time, small businesses that work closely with us have more control of their businesses and their financial future and really do see significant benefits.
It is a real privilege to be able to work closely with our small business clients to help them realise their goals and we simply could not do that effectively without cloud technology.
We love nothing more than showing small business how they can harness the power of new technology to improve their business and their lives. If you would like to know what options are available for your business, we encourage you to get in touch.
You can click here to speak to a business, accounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.
Ballarat Accountants | Business Accountants Ballarat | Ballarat Bookkeepers | Ballarat Mortgage Broker | Ballarat Financial Planners | Ballarat Accounting Firms | Ballarat Bookkeeping Firms
Phone: 1300 328 855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354
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Sunbury Accountants | Business Accountants Sunbury | Sunbury Bookkeepers | Sunbury Mortgage Brokers | Sunbury Financial Planners | Sunbury Accounting Firms | Sunbury Bookkeeping Firms
Gisborne Accountants | Business Accountants Gisborne | Gisborne Bookkeepers | Gisborne Mortgage Brokers | Gisborne Financial Planners | Gisborne Accounting Firms | Gisborne Bookkeeping Firms
Phone: 03 97444522
Sunbury Office Address: Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429, Australia
Gisborne Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Postal Address: PO Box 270 Gisborne Victoria 3437