Balance Books Pty Ltd

1. SYSTEMS & PROCESSES: Which of the following are applicable to you?

* We lose track of hardcopy paper documents

* The way we invoice sales, process payroll and manage purchasing has not changed in the last 5 years

* The organisation is potentially over/under staffed in the finance department

* We currently spend too much time on processing paperwork

* We are willing to change processes to increase Automation

2. FINANCIAL INFORMATION: Which of the following do you agree with?

* Our bank accounts are reconciled and balance at the end of every month

* We use specific business bank accounts for our business, not personal accounts

* We use Xero Accounting software

* Our ATO Activity Statement lodgments and payments are up to date

* We know how much money to put aside for tax and business liabilities on a regular basis

3 ACCOUNTS PAYABLE & ACCOUNTS RECEIVABLE: Which of the following are applicable to you?

* Our invoices are set up and can be paid online

* We send monthly debtor statements

* We use Receipt Bank

* We reconcile our supplier statements each month

* We are claiming all relevant business expenses

4 PAYROLL MANAGEMENT: Which of the following are applicable to you?

* We process our own payroll for all our employees

* We reconcile the payroll summary to the profit & loss and balance sheet each month

* We have up to date employee files

* We are compliant with the new SuperStream legislation as at 1st July 2016

* We are registered with WorkCover and up to date with payments

5 REPORTING: Which of the following are applicable to you?

* We review financial reports i.e. profit & loss, balance sheet, cash flow, aged payables and receivables on a regular basis

* Cashflow is forecasted for future weeks/months allowing bills (including tax and super) can be paid on time

* There is a budget for the current financial year

* I know how to improve the profitability and performance of the organisation

* Your Contact Details

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