Bookkeeping

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Modern business demands up to date accurate financial information. We can relieve you and your staff of an enormous burden by taking care of all your accounting needs, including the preparation of your annual accounts and periodic management accounts for tax, business appraisal and planning purposes. We will discuss your requirements with you and provide you with tailored information and constructive advice on a regular basis.

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance. In addition to goal setting value, budgets will often improve your chances of acquiring funding. Financers often require budgets as a prerequisite for funding approval. The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your needs and requirements. Let us show you how a budget is able to provide feedback to allow you to prepare for the future of your business.

Business Start-Up

Let us help you turn your business idea into a reality. If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

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• Decide on the most suitable structure for your business - sole trader, partnership, trust or limited company.

• Prepare a business plan, cashflow projections, budgets, and trading forecasts.

• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals.

• Establish a good working relationship with your bank.

• Private company and/or trust formation.

• Register for a Tax File Number and an Australian Business Number (ABN) with the Australian Taxation Office.

• Attend to your business, GST, PAYG withholding, single touch payroll and superannuation payments structures.

• Deal with company secretarial issues.

• Set up a recording system for your internal use and for complying with statutory requirements.

 

Cashflow Forecasting

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Have you ever wondered if you are holding too much inventory? 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:

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• Realize 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'll work with you to develop action strategies to improve your bottom line.

 

Financing

A wide range of financing options exist, all with their pros and cons. At GCY Accountants we know the financial market, and have the experience to assist you in securing the best financing option for your personal and business goals. Our experience in the market means we are also able to structure debt upon acquisition to maximise tax advantages. Let our experienced team explore with you the best financing options to get your business closer to its goals.

 

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 are practiced in acting 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, through which you will see the positive changes occurring with the help of our professional consultants. We are able to check that your business is as competitive, focused, and profitable as it can be. We then offer flexible strategies, designed to address the issues affecting your business. Let us give your business a health check. Take the practical advice we can give to ensure the continual success of your venture.

 

Portfolio Management

The principal of GCY Accountants has put together a team of professional advisers to form a separate and independent financial planning service to provide you with a portfolio management service through which handling your investments can be easy! They provide the people, tools, and methods you require to effectively manage your investment portfolio. Your portfolio manager will keep abreast of the changes in the investment market so you don't have to. You maintain control of your investments while eliminating unnecessary risks and delegating the everyday tasks and complex decisions to your experienced investment manager. They design and manage portfolios with your individual requirements and objectives in mind. This means your investments are handled in the most efficient manner possible and ensures your goals are met. Please contact us today for assistance in the specialist world of investments.

 

Risk Management

A multitude of risks exist in today's business environment. At GCY Accountants we pride ourselves on our proven ability 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:

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• Assembling relevant information about your business and its market

• Identifying major risks facing your organisation

• Developing a risk strategy

• Implementation of the risk management procedures

 

Strategic Planning

The pressures of daily business can often mean strategic planning takes a back seat  but to have a successful business you must plan ahead. We'll 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:

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• 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