Start Me Up
We love entrepreneurs and we love seeing great ideas come to life and grow into successful businesses. Starting a new business is an exciting time, and it is so important to set up strong foundations that will support your business into the future. Get it right the first time.
Starting a business is a very busy and demanding time and we know that accounting and bookkeeping is not always your first priority. You want to get your business off the ground and sell stuff– we understand, we have done it. We have successfully run a business from start up to sale and understand the pressures that you face. This is why Balanced Advantage is in a great position to help you.
How can we help?
Choose the right accounting system
Starting out is all about cash and decisions. You need an accounting solution which will give you the right information to make great decisions and also help you manage and maximise your cashflows. We can help you select the right accounting software for your business and tailor it to your needs. It has to be easy to use and flexible enough to give you the information that you need. It has to fit the way you work now and in the future. Your accounting system needs to be able to grow with you. We prefer Xero cloud accounting but we can work with whatever system you choose to use including MYOB and Quickbooks.
Set up a budget
We can help you put together a budget and cashflow forecast – your road map for the future. You need to know where your business is going and how you are going to get it there. You also need to be able to identify when your business is going off course so you can get it back on track.
Establish a reporting structure
We can help you set up management reports to highlight the information that you think is valuable and necessary for making good decisions. It is good practice to establish habits of regular reporting and analysis up front so that you can watch your business grow. We can give you access to accurate, up to date information so that you can see exactly where your business is at.
Register your ABN
We can register your company with an ABN number and set you up for compliance with the GST regulations. We are qualified BAS agents and we know what we are doing.
Build your team
It is important to have right team in place when your business takes off. We can help you recruit your finance team and can provide ongoing support and training when needed.
We know that startups have to keep a close eye on the budget and can’t always afford to employ a full time finance team. We can provide virtual CFO services which gives you access to a qualified accountants, working remotely, at a fraction of the cost. Our virtual CFOs can give you advice from wherever they are, whenever you need it so that you can make great business decisions quickly.
Cloud accounting services
Once your systems are in place, we can provide ongoing BAS, bookkeeping and payroll services to support your business at every stage and let you get on with running the show.
We would love to start this journey with you. …