Accounting as a Driver of Good Business Decisions

5 Ways an Accounting Function Should Create Business Value

Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function.

Let’s look at how a multiskilled accounting function can provide critical support to enable the best outcomes.

Objective […]

Can you build a profitable business without financial skills?

Got a grasp of your business numbers?

While most businesses have a basic financial function in place, many do not have access to the quality financial management information required to capitalise on opportunities, increase profitability, and mitigate risk:

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Define your success

Salisbury’s Business Coaching Program has been […]

7 Best Practices in Digital Transformation of a Business

The ‘digital revolution’ is not exactly new…

But we still see businesses battling with basic things.

Financial reporting is an example… where leaders may need multiple reports from different systems to see their bank balance, accounts receivable, invoicing status, payroll, sales performance, timesheets, and so on.

Not surprisingly, businesses continue to invest in digital, data, and analytics to […]

The Finance Function

12 ways to Drive Strategy and Value Creation

No matter the size of your business, the finance function should focus on STRATEGY and VALUE CREATION.

This will create a competitive advantage and give leaders peace of mind.

Yes, annual returns need to be filed and past performance should be tracked… but the finance function should […]

Starting a small business

Why now is the best time to start a small business

Bricks or clicks? 3 considerations for making the leap

There’s no question about the critical role small business plays in our economy. Visit the Australian Bureau of Statistics website and you’ll see that 98% of Australian business is made up of small and medium-sized […]

Getting the Most from Your Financial Statements

15 Best Practices when reviewing your financial statements

What Best Practices should you follow when conducting a Financial Review to ensure your decision-making is based on a thorough understanding of your business?

This article provides pointers to help you get the most out of your Financial Statements.

Traditional financial statements, like the Balance Sheet, Profit […]

COVID-19 Strategy: How To Move Your Business Online

Moving online is not a myth and it is changing the face of business

Prolonged and disjointed trading restrictions have forced many bricks-and-mortar businesses to close while the government works out how to slow the spread of COVID-19.

The SME Compass* report states that 72% of small and medium businesses (SMBs) had their operating capabilities […]

Your Financial Literacy

Accurate financial reporting

Why good financial reporting is essential and the consequences of missing the mark.

The importance of accurate, ethical financial reporting can’t be underestimated.

Business Australia recently reiterated this fact in their article Accurate Financial Reporting: 12 Must-Dos, highlighting why good financial reporting is critical to your business for a range of […]

Knowing your financials is vital for success

The uncertainty of last year is in the rearview

But a bumpy road still lies ahead.

More than ever, businesses need to understand and manage their finances to navigate the new terrain of 2021, not just to survive but thrive.

2020 lost some great companies, and the years to come will take more. So how […]

Action required: Reduce your 2021 tax

The end of financial year is approaching quickly

Now is the time to discuss with us the actions you can take before 30 June 2021 to reduce your tax and access additional cash flow.

For 2021, key priorities are likely to include:

Deferring taxable income Bringing forward deductible expenses Maximising superannuation contributions without exceeding the […]