Educational

Automating your Advisory Practice

Automating your Advisory Practice

Compliance vs Advisory Practice is the question. Everyone’s talking about accountants moving away from compliance. They say the sweet spot is in business advice. However, how many are actually doing that? And moreover, how easy is it to become an Advisory Practice?...
Storytelling with Numbers

Storytelling with Numbers

Storytelling with Numbers explores the foundations of financial reporting. Is Reporting storytelling or is Storytelling reporting? You are forgiven if you have a position either way. Delivering financials can be the mother of all stories. It is just that it uses...
Building Budgets Back to Front

Building Budgets Back to Front

Building your budgets back to front means starting with a blank piece of paper and budget for a desired net profit. Many of us start from last year’s results. Taking a shortcut with our budgets by extrapolating from last year’s results will generally give you a fairly...
The Importance of Cash Reserves

The Importance of Cash Reserves

The arrival of the pandemic in 2020 brought home to all of us the importance of having cash reserves. Whether you are a sole trader, a small or medium business or a not-for-profit organisation, there’s nothing better than a healthy bank balance in times of crisis....
Collaboration feeds NFP Tech Ecosystem

Collaboration feeds NFP Tech Ecosystem

MYOB and Add-On Partners have put their heads together to deliver a tech ecosystem for National Disability Insurance Scheme (NDIS) Providers. The collaboration feeds a NFP tech ecosystem to support organisations transitioning to the NDIS. This week, Accounting...

ERP Systems: Fit for Purpose?

The introduction of the National Disability Insurance Scheme (NDIS) is seeing an interest in ERP (Enterprise Resource Planning) systems by organisations looking to consolidate their Finance, Client Management and HR process into a single point. However, given the...