Your Financial and Business Advisory Services
Balanix is a CPA business that has all the right credentials. We love nothing more than fine-tuning a company’s finances, fixing their business problems and restoring the work/life balance of the owners and managers.
Let us come up with tailored solutions to your financial problems so that you can do what you do best — run your business.
You can benefit from the following services for you to run a successful business, achieving your personal and business goals:
Let us help!
Management Accounting
The competitive markets in which businesses operate in today require smart and effective management of resources.
Benefit by having us as a strategic partner, to assist with capturing and analysing decision based financial and operational information in a meaningful and useful way.
You can have available information relating to forecasting and planning, budget and cashflow, performance variance analysis, reviewing and monitoring costs inherent in the business, product costing, operations research, business driver metrics, sales management scorecarding, and client profitability analysis.
This in tern will enable you to:
- manage risks associated with cash management.
- present financial information to banks for business loans.
- critically assess allocation of financial and other resources.
- be conpetitive in your pricing.
- understand your sales trends and cashflow.
- have a firm grip on your budget and expenses.
Business Advice and Training
If your business has been running for a while, you are in start-up mode, you are thinking about retiring/exiting mode or you are looking to expand, we can help you ready yourselves for the next phase.
In addition to the other financial and business management services detailed, we can assist businesses with:
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business advice and mentoring.
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business health checks and reviews.
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profitability growth strategising and troubleshooting.
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key performance indicators (KPIs) development and benchmarking.
Business and Strategic Planning
We can add value to your organisation through facilitating business planning and providing a critical eye to business blue prints to ensure they adequately cover all aspects needed and that they cover-off on all associated risks.
Our business planning model enables flexibility to suit your business venture and purpose. We do not prescribe a one way fits all approach, but rather look at what is needed and what is desired to ensure value adding but not administrative burden.
We do not leave you once the plan/s are in place. We provide ongoing advice and monitoring, as well as, reviews to ensure the plans are continuously relevant and being achieved.
Performance Improvement and Cost Reduction
In the current Australian economic climate cost reduction is an essential part of staying competitive. How many small businesses currently accurately measure their costs, strategies and performance and how they impact upon their business?
At the same time it is imperative that small business look at ways of improvement which have positive impacts on their business performance. By way of example, one of the first ways to improve performance is to ensure that you fully understand the flow of money in and out of your business. To successfully do this you need a Cashflow which is regularly updated to reflect where the businesses cash position is at any point in time.
Benefit from our expertise to help younidentify areas where your business can reduce costs without affecting business performance.
Procedures, Policies and Governance
Corporate governance is the backbone of all business operations.
Business owners strive to have more time to work on their business. Setting you free to achieve this is the major benefit of developing governance and documenting policies and procedures.
We can assist businesses ensure procedures, processes & protocols are sufficient and effective to minimise risk and maintain an appropriate level of control.
We achieve this through:
- review of structures and practices in relation to good corporate governance.
- development of policies, procedures and processes which support the organisation.
- documentation of policies, procedures and processes.
- identification and documentation of internal control mechanisms.
- aligning corporate governance activities to audit requirements.
We also assist Chartered and CPA firms develop and manage quality systems which comply with the respective industry body's requirements.
Risk Management
Through facilitation and robust methodology we can assist businesses develop risk management programs and strategies.
Consistent and compliant with the AS/NZS 4360:1999 standard, risk management programs and strategies will identify, analyse, evaluate, minimise, monitor and communicate risk and, in turn, facilitate informed decision making.
Human Resource Management
We recognise the asset you have in your people. Sound robust people management procedures and policies contribute to your business being an employer of choice.
Minimize costs and time by utilising our expertise to help you with your recruitment of, management of, and providing direction for your people. Build a sound culture and team working with you towards achieving your business goals and success.
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