Engaging an external accounting team and CFO on a part-time basis is affordable and turns your finance function into a competitive advantage
Your business is an ecosystem of processes, people and systems. The challenge is to get all the parts working so your business can grow without it consuming your life.
Whether you are trying to solve a specific problem or create a long term plan, we start by looking at where you are now… how you got there… what you missed… where you want to get to… and what the next steps should be.
Immersing ourselves in your business means we can execute best practice across all finance, processes, strategy, governance and risk areas. Removing obstacles to your success, so you can focus on profits.
INTERNAL FINANCE TEAM
Bookkeeping and financial controls are at the core of this package.
All of the finance processes within your business are documented and systemised - so we all know what needs to be done, by when and by who.
We prepare your Statutory Obligations Calendar, so you are on top of exactly what your lodgement and statutory obligations are, including an estimate of Government payables each month.
Your Fortnightly Finance Meeting ensures a process that allows you to focus on other areas of your business.
Our clients find that this structured process affords them the freedom to say no to the urgent, and focus on the important.
Fortnightly Finance Meeting
We setup your Fortnightly Finance Meeting to discuss all financial and accounting matters including, but not limited to:
- Up to 2-month cashflow forecast, limited only by the visibility in your business;
- Monthly management reports;
- Activity statements;
- App and POS integrations: reviews and recommendations;
- Confirm all statutory, tax and regular payments upcoming;
- Outstanding creditor/supplier payments for you to review and approve - we upload into your bank;
- Payroll, if necessary; and
- Any outstanding queries we have in relation to the finance function.
From $2,000/month plus GST
Add: Fractional CFO & Governance
We commence with our 90 day on-boarding process. A thorough immersion to document your strategic plan, budgets and forecasts, organisational charting, business structuring review, information systems review, and development of your management reporting framework.
Identifying your weak points and blind spots. By uncovering what you don't know about your business we devise a road map to scale your business in line with your vision. Business advisory and accountability is delivered through monthly management reporting, benchmarking and performance analysis, Board meetings, agendas, minutes and action plans.
Working with your management team and staff. Where required, to assist and educate them to ensure deadlines, timetables and business processes are implemented and followed.
Included is all: statutory reporting, income tax returns, fringe benefits reporting, activity statement preparation and lodgement, and management of the entity groups' ASIC affairs and company secretarial functions.
As a partner in your business this ongoing annual service package includes unlimited phone, video and email support from our team and access to resources and knowledge updates.
From $2,000/ month plus GST
What are the advantages of combining all these services in one annual package?
You have the advantage of only having to deal with 1 organisation in regards to your finances which can save your time and also lead to reduced accounting costs at the end of the year.
If all you need is someone to manage your books and keep the ATO off your back, a skilled bookkeeper and tax agent will most likely get the job done for you.
If you want to scale your business and navigate an uncertain future, it's time to weigh up whether compliance services alone are providing enough bang for your buck. For your business to improve its processes, gain a competitive advantage and thrive in your market, consider the real value.
Medium to large businesses typically have an internal Finance Team or CFO on staff.
As a smaller business, you too get the advantage of having highly experienced, fully qualified finance professionals working for you without the commitment and cost of a full-time CFO, allowing you to run your business knowing your finances are in good hands.
Customer Testimonials
I have benefited tremendously from the services Electra Frost Advisory provides - they're an indispensable contributor to my business's growth. They ensure that all of our financial records are accurately maintained, leaving no room for errors or discrepancies.
This newfound clarity in my financial records has saved valuable time and allowed for a more focused approach to business development.
They assisted us with thorough product costing analysis, meticulously analysing each product's production cost, factoring overheads and expenses.
Armed with these insights, I’ve been able to make informed pricing decisions, leading to increased profitability and improved competitiveness in the market.
My business now operates with greater efficiency and profitability, allowing me to focus on expanding and exploring new opportunities. Their professional handling of bookkeeping, payroll management, product costing analysis, profitability, and cash flow tracking has proven invaluable in the growth of my business. I confidently recommend their services to fellow business owners seeking a partner in their pursuit of financial success.
Coco Reynolds. Designer and Owner - Marz Designs
"Working with Electra and her team means I know my bookkeeping and accounting are done right. From the beginning, they streamlined my bookkeeping, BAS, and end of year tax accounting. The team is extremely knowledgeable and guides me on all aspects of my taxes and financials. This frees me up to focus on my business of publishing new books, and gives me great peace of mind."
Anna Hackett
USA Today Bestselling Author
BOOK PUBLISHING E-COMMERCE
WHAT OUR CLIENTS SAY
ABOUT THE EFA TEAM
Umbilico
"Since Electra's team took charge of my monthly accounting, managing my finances has been a breeze. Their transparency is exceptional and their tax planning provides me with peace of mind and time to focus. With their top-notch responsiveness and efficiency, I've received invaluable advice in a timely manner. I wouldn't hesitate to recommend their services!"
Christopher Ferrie
Author and Director, Eigensystems
QUANTUM PHYSICS / COMPUTING
"Electra and her team have been an integral part of the journey of our business, including the growth we’ve experienced in the last few years. They ensure that our financials are always in good shape. I’ve also appreciated their time and patience when teaching us new systems and alerting us to better ways of managing our financial situation."
Creative Plus Business
SOCIAL ENTERPRISE
"Working with Electra Frost Advisory on monthly accounting using Xero and cash flow tracking has given us real time data insights for our business which has informed our financial decision making. Accurate tax reporting means no surprises and our up-to-date records not only has helped in budgeting and forecasting but has helped us with applications for finance."
Wassim Bazzi
Bazzi Studios
FILM COLOURIST SERVICES
WHY CHOOSE US OVER A TRADITIONAL TAX ACCOUNTANT & BOOKKEEPER?
We have a proven track record of helping many SME business owners succeed, by supporting their business with a far wider skill-set than a bookkeeper or tax agent typically could, with:
- CFO-functions with the capability to evolve along with your business
- Performance monitoring and strategic advice around your goal setting
- KPI's, pricing, cost controls, internal controls and efficiencies
- Tax planning all year round as part of your broader financial strategy
- Fortnightly finance calls, and weekly & monthly reporting
- Cloud software trouble shooting and value extraction
- Knowledge and experience with crypto-assets and Web3 business models
- All Tax Lodgments and Corporate Compliance (Chartered Tax Advisers & ASIC Agents)
Keen to chat?
We offer free 1 hour consultations to all new clients
Speak directly with a business advisor who will guide you step-by-step through the services needed to strategically transform your business model and boost profits.
Get in touch
CONTACT US VIA THIS FORM
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What do you need help with? Please email us. If we're not the right fit, we may refer you to an alternative provider in our network. Otherwise, we'll get on a call to discover more about your needs and explain our services.
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