by Mick Devine | Last updated Jul 31, 2019 | Educational, KPIs, NDIS
Using Key Performance Indicators (KPIs) is a great way to measure business success. By adding KPIs to your reporting arsenal you will be able to measure and monitor whether your targets are being achieved. They can also serve as great motivators for you and your team....
by Mick Devine | Last updated Mar 22, 2021 | Educational, Reporting
We all want our businesses to be successful, though sometimes it is hard to pinpoint where you may be going wrong or how. Managing and evaluating your business is part of the daily requirements to keep the business train ‘chugging along’. So when it comes to...
by Mick Devine | Last updated Sep 17, 2019 | Educational, Reporting
Everyone seems to be complaining about all the issues and frustrations that have come as a result of the GFC. Finance from banks is one of the top causes of these complaints, with good reason; it is a lot harder to secure a loan than it was ten years ago. Banks now...
by Mick Devine | Last updated Jun 10, 2019 | Educational
Boards have a strategic role looking after the long-term interests of the organisation. It is vital that they have the right reports to support that role. In this article we’ll focus on the financial reports that can make a difference to Not-for-Profit board members....
by Mick Devine | Last updated Jul 3, 2022 | Budgeting, Cash Flow Forecasting, Educational, Reporting
The difference between a budget and a cash flow forecast can sometimes be confusing for newcomers to the world of accounting. They can seem to show similar information, yet both are very different and have different uses. Both are essential for the accurate financial...
by Mick Devine | Last updated Jun 15, 2022 | Educational
Most businesses, and not-for-profit organisations, use a bookkeeper as the first line of their finance team. Hiring a bookkeeper and putting the right person in this role is critical for the smooth running of the finance department and ultimately the success of the...
by Mick Devine | Last updated Jun 10, 2019 | Educational
Whether you are a large publicly listed company or a small Not-for-Profit organisation, the need for good governance practices is extremely important as the duties, responsibilities and also the liabilities are often similar. In addition, Not-for-Profit organisations...
by Mick Devine | Last updated Aug 28, 2024 | Cash Flow Forecasting, Educational
There are significant cash flow implications as you grow your business. Ideally, the growth of your business should have a positive impact. However, there is often a mismatch between when expenses are incurred and revenue earned. Or, between when suppliers need to be...
