<strong>Finding the right data to make informed decisions about your business.</strong>
The success of any business relies on its ability to make informed financial decisions. These decisions depend on up-to-date financial data. However, much available data is not stored in a useful framework. As a result, it can often be stressful and overwhelming trying to extract meaningful data about a specific area of a business. At […]
<strong>Growing a business with accurate financial modelling.</strong>
Starting a business is an exciting time with many possibilities waiting to be explored. It can be tempting to want to stay ahead of the curve by doing more; perhaps it’s starting another business venture altogether, or perhaps you are prioritising quantity of products over profitable products because you just want to get your products […]
What is labour efficiency and how to measure it?
What is your labour efficiency rate? Running a business comes with many different aspects to consider and one of the most important is knowing the numbers. A business that is making money is able to stay afloat. There is more to running a profitable business than simply setting a price for the product or service […]
Key Steps to a Successful end of year stocktake
If your business carries inventory as part of its trading operations, it is important to periodically count the actual stock on hand to confirm you are making the gross profit margin you expect. This count may be quarterly, half-yearly, or rotating. Importantly, plan an end of financial year stocktake to ensure your records are accurate […]
Employee Entitlements
As you prepare your business for the end of the year it is time to quantify and recognise the amounts you owe to your employees for untaken leave entitlements. Your financial position is more than just the money you have in the bank and the bills you have to pay. As a business, you also […]
Where is your profit really coming from?
Have you ever taken the time to look at the profit of your business and where it is actually coming from? It is important to look at the products or services that your business is providing and see exactly where the profits are coming from for those items. Each product or service has a unique […]
Are you making a proper return on the funds you have invested in Inventory?
When a business sells a product, one of the first things that need to be considered is the price they are going to sell the product for. It needs to be a price that brings in an acceptable profit. It is important that you take the time to do the proper calculations and determine whether […]
