Our Services

Business Services



Accounting

We will prepare your periodic management accounts and annual accounts for tax, banking needs and business appraisal in a timely manner.

We can provide you with an annual summary report for result diagnostic and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.



Benchmarking

Have you ever wondered how your business performs compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?

Survival in today's business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative benchmarking reports - allowing you to:

  • See how your business compares against your competitors
  • Understand how the rest of your industry works
  • Analyse the key performance indicators of your industry
  • Armed with this information, we will work with you to develop action strategies to improve your bottom line. 



Bookkeeping

Modern business demands up to date accurate financial information.

We can assist you and your staff to take care of your day to day bookkeeping needs. We are always by your side ready to help with any queries to keep your records meaningful to the operation of your business.



Budgeting / Cashflow Projections

A good budget is a necessity in a good business plan. It is one of the best business tools you can have, allowing you to set financial targets and measure performance.

In addition to the goal setting value, cashflow projections will often improve your chances of acquiring funding. Financers often require cashflow projections as a prerequisite for funding approval.

The techniques we utilize in the formation of your budget will allow you to consider future scenarios and give you goals to strive for in your business. We can tailor a budget/cashflow projection that is right for your business needs.

Let us show you how this can provide you with essential feedback to allow you to prepare for the future of your business. 



Data File Review

Is your software providing you with accurate business and financial reports? Is your software setup and account structure working for you and integrating with us? Do you have secure backup systems in place?

Our experienced team can review your data file to examine:

  • The setup
  • The account structure
  • The operation of the system
  • We will provide you with a report and recommend improvements to ensure consistency in your systems use,
  • accurate business reporting and reliable backup systems.

Contact us today for more information on how we are able to assist you in getting the most from your software. 



Planning Cashflow Needs

Have you ever wondered if you are holding too much stock on hand? Is this the right time to expand your business? Are you going to have enough cash to pay all expenses every month?

Survival in today's business climate requires you to spend more time working on your business rather than in the business.

We can provide you with accurate, timely and informative cashflow forecasting reports - allowing you to:

  • Realise and understand when cash is available
  • Plan and prepare for expansion, stock control, and taxes
  • Analyse and anticipate key expenses

Armed with this information, we will work with you to develop action strategies to improve your bottom line.



Finance Assistance

There are a wide range of financing options, all with their pros and cons. We will help you work through these and assist you to secure the best financing option for your personal and business goals.

Our experience in the market means we can also structure debt upon acquisition to maximise tax advantages. 



Management Consulting

Our aim is to ensure your business achieves the potential it's capable of. We have the know how and experience to offer advice to help you run your business more effectively.

We can act as a sounding board for management, bringing to the relationship years of experience in business growth. We can identify key performance indicators in your business, assist you to set realistic goals in these areas, monitor them and help with strategies to achieve them.

Contact us today for more information on how we are able to assist you in the management of your business.



Reporting

We can prepare your periodic management accounts to assist monitoring the key areas of your business in a timely manner. This will assist you in monitoring your goals and financial position.

We can provide you with an annual summary report for result diagnostic and planning purposes.

We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.



Risk Management

A multitude of risks exist in today's business environment. Our experience enables us to accurately assess risk and to protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy will improve performance, allow completion of goals, and protect the value of your business.

A risk assessment includes:

  • Assembling relevant information about your business and its market
  • Identifying major risks facing your business
  • Developing a risk strategy
  • Implementation of the risk management procedures

 



Software Solutions

Let us help you make the right choice when it comes to accounting software.

A decent accounting system will help you keep track of your cashflow and give you the option to complete GST returns easily. A well used system also gives you the ability to produce meaningful on-the-spot reports for decision making.

Choosing the right system for your business can be a difficult one - after all there are over sixty different accounting packages available in Australia.

We have invested considerable resources into on-going training to ensure  our team are able to:

  • Discuss with you the best system to implement to further your business.
  • Suggest accounting software applications suitable for your business
  • Install and configure software to suit your purposes
  • Recommend processes to make your computer system more secure
  • Train you and your staff to be self-sufficient users of a variety of software applications
  • Offer advice on electronic banking using your software



System Health Checks

We view System Health Checks as a great opportunity to review your business systems.

Our team will work closely with you to get to know your business. We review how you use your systems and ensure you get the best results from what you do.

A System Health Check reviews:

  • Your accounting software
  • Office procedures
  • Stock control
  • Other systems required by your business

Contact us today for more information on how we are able to assist you get the most from your systems and procedures.



Strategic Planning

The pressures of daily business can often mean that strategic planning takes a back seat - but to have a successful business you must plan ahead.

We will help you establish a strategic plan that looks at where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

  • Define the characteristics of your company in three to five years
  • Identify your competitors
  • Define your objectives and financial goals
  • Put in place an effective implementation plan to achieve your goals

Contact us today for more information on how we are able to assist you plan for the future of your business.

 



Contact Us

Office Location

234 Stirling Tce
Albany, WA 6330
Australia

Postal Address

PO Box 5445
Albany, WA 6332
Australia

Contact Numbers

Phone 08 9842 5155
Fax 08 9842 5510
Email mail@smiththornton.com.au

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