Client Testimonials

"Jim's Bookkeeping has relieved me of the Stress of lodging BASs on time and enabled me to focus on building the business rather than doing the bookwork. Thanks to Jim's now I have time to play my ukulele."

Chris Ivory
Owner
Northern Sewing Machines

"Thank you very much for the time and effort you have spent over the last 8 months or so, not only keeping the business on track with the books. Please extend my thanks to them as I know we certainly aren't your easiest clients."

Ollie, General Manager
Heritage

Leader Business Achiever Award


Tip No. 6: Get a Point of Reference for Expenses


The purpose of collecting financial information is to measure it against something.

Ask yourself the questions:

  • What was it last period?
  • What is it this month?
  • What was the budget?

    • Budgets need to be reviewed regularly and adjusted if circumstances change. It is suggested that each month a certain expense be selected to see if it can be kept within the budget that has been set. If there is a significant variation from the budget then corrective action should be taken.

    Remember to also adopt budgets for revenue areas as well and make sure you allow for seasonal variations.



    Back to Ten Tips