Measure
Once you have established your business plan you then need to set up the right reporting system that is going to track performance, measure actual results and keep you accountable.
Xero simply makes life easier for everyone. We know running a business takes a lot of time and effort and so we are always on the lookout for the best solution to help our clients organise their accounting and take the headaches out of doing the books.
We’ve been on the Xero journey for some years now and have helped hundreds of businesses move successfully across to using Xero – our experience with Xero means we are the logical choice to help you move your business data to Xero and help train you or your team how to use it.
Xero is online accounting software that connects you with your numbers, your business and us, your advisors. Anytime, anywhere from any device.
We’re all about helping you work smarter not harder with better tools, access to information & advice whenever you need it.
Collaborate in the Cloud
Managing Xero with us is easy. We will set everything up correctly from the start and give you access. We’ll also log in regular, look at your numbers and give you advice and tips along the way. Perfect for spotting problems and taking action to nip things in the bud.
Mobile Access
On the move? Access accounts, check balances, upload receipts and invoice customers from your smartphone or tablet with Xero’s iPhone or Android app.
Reconcile from Anywhere
Xero receives your bank statements automatically via a secure connection, making it a breeze to reconcile and gain a complete and up-to-date snapshot of your business. And if something doesn’t look right, or you are not quite sure where it should go, leave a comment and we’ll log in and help you sort it out.
Painless Payroll
Being an accounting and payroll solution in one, Xero turns the old days of manual entry on its head. Super payments and tax updates are automatic, plus a special portal gives you a complete snapshot of your payroll and leave.
Invoicing helps you get paid faster
Login and send your invoices out the minute your job is complete. You get notified when your customer opens the invoice, and he or she can pay you online right away. And we know that staying on top of your old invoices is hard work. So we’ll check in from time to time and make sure you’re getting paid as much and as fast as you deserve.
Want to get involved?
Get in touch with us today.
You can really benefit from our experience as we’ve helped hundreds of businesses make the switch to using Xero. Ask us today about how switching to Xero can literally give you hours back in your day and make it simple to run your business by accessing your information when you need it most.
A business dashboard pulls all your financial data in the one platform and marries this in with your non-financial data so that you can see how to really grow your business.
What is a ‘Business dashboard’
A business dashboard will help you understand your results today, forecast tomorrow and help you take the actions needed to guide your business into the future.
Don’t put your business in a position where you are always looking through the rear view mirror and reflecting on past results alone. To really improve and grow your business to the next level you need to unlock the insights that are hidden within your financial information to make better decisions for tomorrow.
Reporting
Built in the cloud and sitting on top of your Xero data is the most advanced cloud reporting and forecasting tool available on the market. Using Futrili we will build your very own business performance dashboard and set up regular reporting and insights into the numbers that really matter.
If you are tired of looking at numbers on financial reports with no clear indication of what it means for your business we will be excited to show you how we advise our clients using this awesome system.
Forecasting
After your reporting is under control we then set the financial plan for your business using the power of forecasting. The best part about using our platform is that it is full threeway forecast of your Balance Sheet, Profit and Loss and Cashflow.
If you only set a budget for your profit and loss statement without considering the cash position or the impact it has on your financial position you are pretty much flying your business blind. Predicting how and when cash will flow in and out of your business is a powerful advantage and one that you can utilise when we are preparing your forecasts using our platform.
Further we can help you plan the best case, worse case and everything in between so you can work out which direction your business should move.
You may ask yourself,
“What happens if my sales drop by 10% next month”?
“What will happen if my profits increase and I have to pay additional tax?”
“How much will it cost to recruit 3 additional team members and what will be the impact to our overall wage costs”
What if scenarios such as these are all part of running your business, which involves dealing with changes that are sometimes outside of your control. The critical thing is to plan for these changes, not bury your head in the sand and stare at the same old reports.
This is a proven system to help you set both short and long term goals and identify the key performance measures that need to be monitored to methodically improve your results and increase your business value.
Imagine what you could do with extra in your pocket by planning ahead to save on your tax bill this year!…
pay down the mortgage
top up your super
go on a holiday
make some investments
pay for the house renovations
pay for your children’s education
upgrade your car
The year is well underway and 30 June will be here before we know it.
Learn how our expert tax planning advice can help you reduce tax and increase your wealth at the same time.
Too often, we end up suffering because we have procrastinated and not made a positive decision to do something. If you leave your tax planning until the end of May or early June, quite frankly there may not be enough time to do anything significant to legally reduce your tax.
How our tax planning service works
1.
First, we request from you details of your expected income and business profits for the 2017 tax year (1 July 2016 to 30 June 2017). This includes all:
- wages / employment income
- interest, dividends and rental income received
- business profits / losses; and
- any capital gains / losses you expect to make.
Based on this information, we estimate your taxable income and your tax payable before any tax planning strategies. For example, we may calculate (based on your information) that you have a taxable income of $100,000 for 2017. This would result in $26,632 tax and Medicare levy payable.
2.
Secondly, we discuss all your tax planning options. Some of these may be things to do in your business, and some of these may be investment / wealth creation options.
3.
Third, we provide you with a report that explains in plain English the tax planning strategies we recommend and exactly how much tax you will save.
4.
And finally, we provide you with an easy-to-follow action plan to ensure that, together we can do everything that needs to be actioned before 30 June.
Contact us today to get started!
Don’t wait until June, now is the time to have a chat to us.
