Practice Management Archive

Reacting to coronavirus: Two models that could help us

Clearly the Coronavirus has meant massive changes to how we work and live our lives. I’ve come across two models you might find helpful as we all adjust to...

Top 5 ways to create customer satisfaction

A customer-oriented organisation places customer satisfaction at the core of each of its business decisions. An organisation’s approach to sales and customer relations are the deciding factors of customer...

6 Ways to Reducing your Operating Costs

Operating costs are those required for the day-to-day maintenance and administration of your business.If you are seeing plenty of sales coming through but your actual revenue is only enough...

Small Business Survival Tips: How to secure cash flow, according to industry experts

When Receipt Bank spoke to Michele Grisdale, one of our partners in Australia, one thing stuck out.
“The message I am relaying to clients is simple. Cash flow is...

How to develop a vCFO Practice – Easier said than done!

Digitisation and financial analytics in a fast-paced world are transforming the traditional CFO role.  The owners of SMEs now have real time access to financial information in a way...

RETURNING TO WORK AFTER COVID-19

You would have seen that various states and territories around Australia have already eased some of their own restrictions, while others, such as Victoria, will re-examine state-of-emergency measures from...

9 bookkeeping tips to share with your clients

As a peer Accountant it is fair to say, more often than not, we can find plenty of examples of Businesses who fail to do it right by the...

Take the Industry Survey: Adapting to a Covid-19 Environment

Accounting and SMSF Firms are facing many challenges in adapting to a COVID-19 environment.

On the one hand, there is the requirement to quickly adapt to managing teams working from...

Our Circle of Concern vs Circle of influence

As the business owner/manager/advisor to your clients and staff, there’s a lot of risks that fall on our shoulders. But as the leader, all eyes are on...

SMSF Auditing – What to expect in 2020

The ATO has been clear about what to anticipate in 2020 as Kellie Grant, ATO Director of SMSF Auditors Portfolio recently gave these key insights as to the ATO...

3 Ways to Future-Proof Your Accounting Firm Today

“Accounting is the language of business” – Warren Buffett

Whether they’re balancing the books, submitting tax returns, or producing financial forecasts, accountants are at the heart of each and every...

5 Top Trends Affecting Accounting Firms in 2020

As we usher out the old year and welcome in the new, it’s a good time to consider which business practices are working and which may need to change. ...

Over 30,000 people have invested in crowd sourced funding equity raising

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 in the...

What’s in a name: How to make sure your naming conventions are a help, not a hinder to your practice efficiency

Don’t you hate it when you go to find a document or email you clearly remember seeing/preparing/receiving, but no matter how many search phrases you enter, you can’t put...

Audit Client Re-Engagement – Mandatory or Optional?

Managing client relationships can be as much an art as a science, especially when open and effective communication is so important to an ongoing relationship. Public Practice Accountants and...

Automation in (Public) Practice: How to identify and implement automated technology to boost your practice’s productivity.

This year’s Good Bad Ugly technology report revealed a concerning insight – fully utilising existing systems and technology was ranked as the number 1 biggest technology challenge facing accounting...

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