Exceptional Business Financial Services
Liquid assets are critical to settle short-term financial obligations
Chasing debtors to pay is time consuming
The importance of maintaining positive client relationships
Effective debt collection requires expert support
Clear pay-terms set the right expectations
The right policies and procedures improve invoice substantiation
Accounting and Bookkeeping
Streamline your business by entrusting finance administrative tasks to our accounting and bookkeeping specialists. Our finance team can simplify the complexities of financial regulations and compliance. Our business finance services include:
- Forensic analysis to identify revenue leakage and cost overruns
- Designing and implementing debt management plans
- Proactive reconciliation to enhance billing accuracy
- Managing ongoing bank statement reconciliation
- Short-term secondment options with a financial administration consultant to optimise your financial processes
- Our Bookkeepers and Payroll Specialists can be an extension of your inhouse team.
Bank Statement Reconciliation
The process of bank statement reconciliation can be very helpful to a business. It not only provides insight into the financial impacts on your business of various expenses, but can also help to ensure you’re well-prepared for tax filings. As part of our bank statement reconciliation service, we analyse your business accounts and compare them with your bank statements to ensure both records match up. If they don’t, we identify why. As part of this, we examine your bookkeeping, fix any errors we find, and scrutinise outgoing payments to ensure no payment errors or fraudulent transactions have occurred.
Tax Preparation and Compliance
The Australian Taxation Office (ATO) actively targets non-compliant small and medium-sized enterprises, which is why it’s vital to get business tax right. Our team of BAS and IAS experts can assist you to navigate your tax concerns and ensure no areas are neglected. Whether it’s GST, Fringe Benefits Tax, Payroll Tax, Income Tax, or other form of tax, we ensure you have the structures in place to meet both your financial requirements and your tax obligations. We also assist with resolving retrospective tax issues.
Business Financial Planning and Analysis
Using benchmarking and other tools we can help you identify useful insights into your business. We help you to consider strategic options – looking at your business in new ways whether it’s a growth or consolidation approach. And then we help you to implement your strategies. Our activities include:
- Industry benchmarking review of your business
- Business model review and strategy on a page
- Strategic risk analysis & change modelling
- Business plan formulation and direction
- Strategy implementation
We also review your financial statements, examining the cost of your operations, evaluating your existing risk management practices, and ensuring your bookkeeping and tax processes are in order. We can establish a clear sight of where your cash flow is, and a picture of your business’s overall profitability. With this knowledge, we can forecast where your business looks to be headed, and assist in creating a financial strategy that will see you progress in a more profitable direction.
Debt Management
Enhance your business’s financial well being to minimise the need to write-off debt. Our Debt Management services include:
- Debt prevention, including establishing clear payment terms with clients, processes to track payments
- Debt management, including debt recovery
- Resolution of disputes at any stage of the debt cycle.
Furthermore, if yours is a business in the construction industry, we specialise in optimising your choices under the Security of Payments Act.
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Agnes Reed
Finance Manager Read Bio
Agnes Reed
Finance Manager
Agnes has over 25 years of experience in finance and commerce, both as a senior financial analyst in multinational companies and as a finance manager for local businesses. Agnes supported companies in industries such as information technology, consulting, and professional service. In her approach to work, Agnes pays great attention to details, is very meticulous, and takes pride in delivering outstanding service to her clients. She specialises in credit control, profit optimisation, and cashflow management in addition to mastering financial administration functions such as payroll, accounts payable and receivables, pricing, banking, and reconciling of ledger accounts. Agnes has a Bachelor of Science in Commerce with an Accounting Major.
Marie Cocheril
Senior Commercial Lawyer Read Bio
Marie Cocheril
Senior Commercial Lawyer
Marie is a senior corporate and commercial lawyer. Marie has an LL.B (Hons) and an LL.M (Corporate & Commercial) and is also a graduate of the Australian Institute of Company Directors. Marie has strong leadership experience, having worked closely with CEOs, Boards, and stakeholders to provide legal & compliance advice, corporate governance, strategic development & mitigation of organisational risk advice.
She is a hands-on lawyer with experience in commercial contracts, intellectual property law, procurement, information technology, competition and consumer law, insurance, and privacy (including management of big data).
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Frequently asked questions
Have questions? We are here to help.
Accountants can provide valuable advice, assist with minimising tax liabilities, and can collaborate with professionals like lawyers and financial planners where needed. Financial advisors, on the other hand, bring essential skills to areas such as business cash flow, corporate superannuation for employees, insurance, and wealth management, which can help ensure you have a comprehensive approach to financial planning. For these reasons, many business owners who prioritise a secure financial future engage both accountants and financial advisors. The Business Solutions Hub offers the best of both worlds, with access to both accredited accountants and financial advisors.
Yes. We deal with a range of businesses of varying sizes, so no matter how large your business becomes, we can help you to scale up in the areas you need development in.
The Business Solutions Hub is adept at protecting your data at all stages of our analysis. Generally speaking, we work with you, using your systems, to access and analyse your data for the purposes of improving your business. If at any time financial documents require transfer, we have stringent security measures in place to ensure data is not compromised.
For Business Guidance and Support, we offer a fee for service model that includes access to specialist advice from our industry experts, competitive rates for subscribers for business strategy, support services for complex workplace and legal matters, and training programs for both employees and employers.
We also offer a subscription option for access to our Hub. The Hub includes access to a range of useful information, templates and fact sheets that you can use for your business, rather than creating your own. Examples include a comprehensive HR manual with HR processes and policies, editable employment contracts and policy templates.
Click here for more information on our pricing.
Though we provide a range of useful templates that will assist you in effectively running your business, we don’t provide support with finance software and tools. As part of our work with you, we will be able to listen to your needs and potentially point you in the right direction when it comes to accessing the software and tools your business requires.
Yes. Our finance team is experienced in handling debt management, including preventing debt in the first place, managing ongoing debt, and resolving disputes.
We also can assist with managing a restructure, at all stages of the change process. This includes making an accurate financial assessment of your business and identifying why a restructure could help towards being more profitable. We can then assist with the restructure proposal, in addition to being able to help with HR-related requirements as part of the restructure, and more.