Cash and the availabilty of cash is the livehood of any business.
It would have to be a business''s most crucial resource. Cash comes into a business from four different sources and leaves in much the same way.
The idea is to have more cash coming into the business from your operations and minimising the amount that goes out.
At Painless Bookkeeping we have a strong cashflows focus and offer a variety of services to help you manage your cash.
At Painless Bookkeeping we run 12 monthly Cash Management Programs and track your progress against predetermined targets at the end of each month. Three or five year plans achieve the best results.
Where do you want to be in five years time?
We offer a service to help you monitor your day to day cash flows. We can prepare your payments for the week, chase up your debtors and prepare snap reports so you know where your businessâ€™s cash flow is
at on a weekly basis
Ask Us How
Why budget? It''s a smart investment in your own business! Money spent on budgeting, planning or forecasting will often pay for itself many times over and is essential to any business operation. Even a simple spreadsheet tool will improve your position. It''s a tool that most business cannot do without but often do.
We offer solutions from as little as (around) $800 that you can use year after year. Savings will often start immediately after implementation - so why wait any longer? There is probably no other product out there that can give you a better return of investment than a solid forecasting program can! And will add capital value to your organization!
Budgets and forecasts
Implementing a budget in your workplace will save you money and streamline operations. We produce realistic budgets to help you manage your work flows and track costs. We provide you with excel spreadsheets that you can use year after year.
Best diagnostic results are achieved by looking at figures comparing at least three years performance. So our spreadsheets can be added to year after year so that you get a picture of growth and cycles over the period of your business rather than just a month by month tool.
Approx cost anywhere from $800 once off to $5.000 per annum to implement and run for larger organizations (outsourcing your budgeting requirements makes good business sense).
5 Year Projections
Our Five Year Projections go past the income statement to include projections on balance sheet items such as bank balances, assets and liabilities and your own equity in your operations. In addition, we include a cash flow projection, which reveals the actual movement of cash through your company in a given period. Pre defined assumptions are used. If you are in the start up process we include start up capital in your projections!
Approx cost $7,000 to $10,000 over four to six months depending on size of organization
1- 3 Year Projections
More Basic projections designed to suit your business needs. A basic cash flow projections spreadsheet is a must for any business and is easy to use and follow. We can tailor projections to suit your organization.
Approx cost anywhere from around $800 to $5,000 depending on requirements
We have several diagnostic programs which are a good starting point to implementing any budgets, projections or bookkeeping systems in your workplace. They provide a good starting point to any program or goals you wish to implement
Regular management reporting is critical to the success of any business. It is a crucial tool in uncovering problem areas before they threaten the livelihood of the business and encompasses many areas of the business from cash flows to job costing to the financials.
We design reporting processes by talking to you about your business structure and plans so they we can deliver reports that are the most useful to you.
We use the latest technology so that you or your accountant can log into our secure system and access your information anytime, anywhere and see how your business is progressing. You are supplied with a user name and password.
We can conduct phone meetings to analyse your situation and explain those financial reports in a language you can understand
We can liaison with the ATO on your behalf and negotiate terms and develop a payment plan. We can then introduce some simple cashflow planning so that you can keep up to date with any current debts accrued.
And most importantly incorporate some simple systems so that this does not happen again.
Don''t try and struggle on... contact the ATO as soon as possible. It is serious.
Leniency is generally given to entities that are trying to comply and keep up communication with the ATO but they will move to recover debts from seriously delinquent payers or debts that continue to grow.
If the debt is for payg the ATO can issue a Director Penalty Notice if you operate under a company or trust. Making you personally responsible for the debt.
You have 21 days to either pay the debt in full or negotiate a payment plan arrangement. That does not leave a lot of time for preparation of information you need to supply in order to enter into any arrangement with the ATO. If you require help with your request for a payment arrangement and have been issued a statutory demand please don't delay in getting in touch with us.
Depending on the circumstances in which you accrued the debt you may be eligible for remission of general interest charge. We will look at your circumstances and submit a request for consideration to the ATO on your behalf.
So you like our services but think you can do it all yourself. If you would prefer to we offer coaching programs, designed for your own needs
One on one sessions
Weekly, bi-monthly or monthly
Set or open Agenda
Either face to face or by phone
12 90 minutes to 3 hour one on one sessions
Covering one of the most crucial areas of your business, availability of cash.
Tiered approach to cover all four areas of cash movements in and out of a business
Increasing Sales and Debtor Management
Cutting your expenses
Working Capital Needs and/or Cash Reserves
Dealing with creditors
And Much More
Let us host your monthly finance meetings
Okay so you now know where you are going and you have budgets in place to track any overspends or problem areas before they begin. Great! But how do I implement all this information - we also offer practical help, we can sit in or even run your monthly finance meetings, set priorities, give insight or just record and implement decisions.
Too many times decisions are made at meetings and then nothing is done, unless those decisions are assigned and actioned and reported back again at the next meeting, you could be just wasting your time and valuable money. Our meeting are task orientated. They are all about getting the job done, even if it''s just to remind you or your staff to carry out that task, whether it be re-negotiating creditor terms
At Painless Bookkeeping we provide a comprehensive range of services. Whether you are starting up a new business, running an existing business, diversifying or closing down a business - our quality bookkeepers can help you!