The new financial year is almost upon us and July is a fantastic time to plan the year ahead for your business.
Without a doubt our most successful clients are those that set financial goals for their business each year and monitor their progress towards them.
Conversely, the businesses we see suffer the most are those that don’t review their trading results regularly, and react slowly when things go wrong.
Most cloud based software these days (including MYOB & Xero) have the ability to create a profit and loss forecast, which shows the expected revenue and expenses for the business and also the likely profit.
At Tactica, we create these forecasts with our clients and help them to understand how much revenue is required to generate the profit they would like to achieve. We also discuss strategies on how owners are going to hit their revenue targets, and hold them accountable to implementing these strategies.
Once the forecast is in place we meet regularly to make sure the actual results of the business are in line with the forecasted results. If not, quick decisions can be made to get things back on track.
We commenced working with one of our clients in the professional services industry a couple of years ago. The company was in a loss position at this time. We began monthly management accounts meetings with them where we created forecasts with them and created strategies to hit their revenue targets and held them accountable each month. They are now expecting a $300,000+ profit for this financial year which is a fantastic turnaround.
So, if you want to hit the ground running and have the best chance of success in 2022/23, please call Mark or Daniel at the office on 9387 5637.
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.