Other Bookkeeping & Payroll Services

Finance Systems Review

About this service

Working together with you, we can support the evolution of your existing finance systems to one that informs sound business decisions based on solid data.

Effective bookkeeping and payroll functions are underpinned by an internal finance system designed to support business needs. Understanding what you need can be a challenge, especially when your finance system has developed in an ad hoc way. Add to this the challenge of constantly changing legislation and the external economic environment and developing a robust finance system very quickly makes its way to the ‘too hard’ basket.

Working together with you, we can support the evolution of your existing finance system to one that informs sound business decision making based on solid data.

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Accorti Bookkeeping & Payroll

Here’s how our finance system review can help

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Completing financial due diligence

Whether your business is complex or straightward, it pays to have the right finance system in place. By analysing your specific needs, we’ll make recommendations for what’s right in terms of people, processes and technology – and then support you to implement it, including the transition to an outsourced accounting function.

Surprisingly, many businesses invest in finance system software, but don’t know how to use it. We’ll help you understand and implement its full potential – and if we don’t know the system, we’ll study it until we do.

If your finance system isn’t supported by clear, documented processes that are reviewed periodically, there’s a good chance it’s not delivering everything you need. As part of our finance system review, we’ll assess the suitability of your existing processes and advise how improvements can be made. We can even help document and implement new processes, providing the education and training your team needs.

Our experience shows that many businesses don’t have solid systems in place to support accurate record keeping. Data storage is also a challenge too. When we undertake a review, we’ll look at this aspect of your financial system, making recommendations for its improvement.

Don’t wait until you feel like you’re drowning in your own business financial system before taking action. The Accorti team understands the challenges growing businesses face and how a poorly implemented finance system can affect an organisation negatively. Getting on the right track is as simple as making a call to talk with us. Or you can start immediately by completing our free online business analysis.

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I’m ready to resolve my finance system challenges
Let's solve your challenges together.
Success Stories
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Commercial Construction
Construction
Challenge
Client had future work substantially in excess of their approved QBCC Maximum Revenue requiring client to turn away work.

How we solved it
We reviewed their business structure and implemented a restructure of operations

Outcomes achieved
QBCC Maximum Revenue increased threefold to enable contracts to proceed, boosting business income and profit

Services provided
Strategy, QBCC Annual Reporting, Structuring, Financial Reporting
Hotel Operator Image
Hotel Operator
Property

Challenge
Establish a finance function for new hotel integrating bookings, cafe/restaurant, in-room entertainment systems to enable streamlined reporting and payment systems


How we solved it
We looked at a range of front-of-house booking systems, CRM and POS systems, as well as various back of house accounting software. We helped the client settle on their preferred providers and assisted with implementation and integration of systems and various merchant facilities.


Outcomes achieved
Streamlined, integrated, data rich systems enabling efficient reporting and minimise administrative costs.


Services provided
Process and systems review, systems implementation and training

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Golf and country club
Property

Challenge
Poor profitability across business


How we solved it
We implemented a strategic review of business to identify goals and actions. We discovered a legacy accounting system which was slow, difficult to use and provided no oversight of where or why profitability was impacted. We implemented a software upgrade to improve oversight, reporting and efficiency, enabling a reduction in administration staff. We also identified several opportunities to diversify income streams and boost business value. We developed a strategic plan for the next 3-5 years to roll-out these income streams and business units.


Outcomes achieved
Improved profitability, reporting, reduced costs and implemented change in operations. Business owners clarified strategic direction and action plan to increase long-term business value


Services provided
Strategic planning, cost review, processes and systems review.

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Construction
Construction

Challenge
Client operated as a services trade to construction industry. The business had poor profitability and cash flow.


How we solved it
The Accorti team reviewed the internal business systems and processes. Working together, we updated the accounting systems to enable real-time job and cash flow reporting, allowing the business owner to understand the business’ financial position at any time. To help manage cash flow better, we established a payment collection process that was enabled to support various payment methods.


Outcomes achieved
Business owner was equipped to see where they were losing money, understand the reasons why and implement remedial action leading to cost reduction and timely payment collection.


Services provided
Bookkeeping, business processes and systems review, financial reporting, business advice

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Caravan Park Operation
Tourism

Challenge
Business owner operates several caravan parks located in remote areas and was seeking a way to monitor management and operational performance because they were not physically based at business sites.


How we solved it
We identified and implemented strict controls and delegated authority and duties between site management and business owner. Business accounting function relocated to the Accorti office, enabling the business owner line of sight across business.


Outcomes achieved
Improved financial reporting, improved cash control, reduced business risk, improved management performance.


Services provided
Outsourced accounts, financial reporting, risk management

Commercial Property Investor 1060x795 1
Commercial Property Investor
Construction

Challenge
Client was experiencing financial distress due to failure of a business, putting related commercial property portfolio at risk.


How we solved it
Worked with client and other advisors to quarantine assets from legacy issues.


Outcomes achieved
Protected significant property holding from potential claims, enabled repayment of bank debt in full and secured long-term tenants providing income stream for owners in retirement.


Services provided
Strategy, business advice, risk management

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Locations
Brisbane Contact Details
Opening Hours
Mon - Fri
Sat - Sun
8:30am - 5:00pm
Closed
Brisbane
Head Office Contact Details
Opening Hours
Mon - Fri
Sat - Sun
8:30am - 5:00pm
Closed
Gold Coast

Have Questions? We Have The Answers

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