financial forecasting

Counting on Blockchain: Revolutionising Accounting

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As we observe the dynamic realm of finance and accounting, technological developments have consistently shaped how professionals manage and process financial data. A particularly notable innovation gaining attention is blockchain technology, originally designed for cryptocurrencies like Bitcoin but now emerging as a transformative force with the potential to revolutionise diverse industries, including accounting. Blockchain technology’s … Read more

The Surge of Virtual CFOs: Powering Business Growth

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In the dynamic landscape of modern business, the demand for Virtual CFO services is experiencing an extraordinary surge, reshaping the way companies approach financial management. As businesses evolve and adapt to a digital era, the role of Virtual CFOs has become increasingly vital in driving growth, ensuring financial stability, and unlocking strategic opportunities. Strategic Financial … Read more

Elevating Your Small Business: Strategies for Successful Scaling Up

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For small businesses, progressing past the startup stage doesn’t mean that growth will come more easily. Many small business owners get this fact mistaken. Scaling up is often even harder. Some businesses focus only on the marketing and sales side of scaling, and they forget to make sure their operations can keep up with demand. … Read more

The difference between an Accountant and a Bookkeeper: Which one do you need?

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There’s much more to running a business than just coming up with ideas and putting them into action. There is also the financial side of things, including bookkeeping and accounting. Many businesses rely on a professional bookkeeper or accountant to handle their finances, but what exactly does an accountant and bookkeeper do? What’s the difference … Read more

10 Strategies To Tackle High Inflation In Your Business

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As a business owner, you need to be prepared for anything- including high inflation. As we grapple with the aftermath of the pandemic, business owners globally are feeling the effects of inflation, and Australian business owners are no different. Australia is currently experiencing 6.1% inflation (for June Quarter 2022), the fastest annual increase seen in … Read more

AI in Accounting and Bookkeeping: The Benefits of Automation

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If you’re like most business owners, you’re always looking for ways to make your company more efficient and profitable. Businesses of all sizes are increasingly using AI to improve their business processes, especially their accounting and bookkeeping functions. This is because AI has a lot of advantages over traditional methods, such as being able to … Read more

Preparing your small business for EOFY 2022

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Understand Tax record-keeping requirements in Australia It’s essential to keep accurate records of your income and expenses throughout the financial year. This will make meeting your tax obligations much easier when the time comes. The ATO requires that you keep records for a minimum of five years, so it’s a good idea to set up … Read more

7 Ways to Improve Your Client’s Financial Forecasts

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As an accountant, one of the most important ways to help your clients achieve business success is by developing robust financial forecasts. Financial forecasting is the process of estimating the future financial performance of a business by using past financial data, current trends, and economic conditions, and combining this with financial modelling to determine predictions … Read more