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How We Help

Total Business Management can assist your business with:

Bookkeeping using QuickBooks Online (QBO), Myob or Xero, BAS Lodgements, Accounts Payable including bill payment and preparation of aged payables report, Accounts Receivable including invoicing and collections of debts, Payroll Management, Inventory Management, Cash Flow Management, Expense Analysis, Forecasting and Budgeting

 

Bookkeeping & Reporting

Making sure all the compliance requirements are fulfilled is good bookkeeping. What empowers our clients around their finances is providing them with meaningful reports, which help them interpret that bookkeeping.

We can provide the standard set of Profit and Loss reports from QBO, MYOB or Xero but if you need more information we can provide you with a variety of bookkeeping reports to suit your budget and your needs.

 

In this report, we make comparisons of this year to last year, this quarter to the same quarter last year and this month to last month. We include the COS and Expenses represented as a % of the Sales and the Balance Sheet.

A copy of this report also goes to your Accountant so that they can see in a snapshot, where your business is at and to give a more in-depth analysis of the story behind the figures.
Most Sole Traders or a small to medium sized businesses don’t have a “Board” that they are required to report to each month. We encourage our clients to think and behave they are larger than they really are which has a flow-on effect of generating growth in their business.

On the other hand, some business owners keep a lot of the financial information in their head and manage to run their business successfully for many years. There usually comes a point though where the business has outgrown them and they need to share part of that load. The only way of doing this successfully is to have a set of reports that can be discussed with all the stakeholders in the business.

The Board Reports include the Fitness Review (Board Report) which examine five KPI’s in the business:

  • Cash Flow
  • Sales
  • Gross Profit
  • Net Profit
  • Accounts Receivable and Accounts Payable Collection Rate
  • Current Ratio


This set of reports is suitable for business owners needing to make strategic decisions month by month.

It includes:

  • KPI reports (customised for your business)
  • Budget analysis
  • Cash Flow Analysis
  • A session with a Specialist Bookkeeper to determine your specific KPI’s


 

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