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Blog2019-10-11T10:39:30+10:00

Good business decisions are supported by accurate financial reports!

No doubt you rely on your financial reports for many of your key business decisions. Of course, there will be a range of metrics that you rely on to understand how the business is performing, but it is the financial reports that are your final arbiter of your business’s performance. Some of the critical performance areas you will want to know in detail are: Revenues: Are you achieving your sales targets? Which business segments are performing to expectation and which are not? Gross profit: Are you achieving targeted gross profit margins? What gross margins are being achieved in the [...]

The 3 BIGGEST REASONS why your monthly reports are MISLEADING you!

Ceefo has worked with numerous small and medium sized businesses over many years. Without exception the first few months tend to always the same. When we review their financial reports at the end of each month, it’s very common to find that their financial results are inconsistent. So we ask a range of questions about how their business is handling a number of basic accounting requirements. In most cases, we find that the inconsistent results are an outcome caused by incorrect accounting treatments. How big an issue is this? It is a huge issue. All too often we hear [...]

The 8 BIGGEST MISTAKES made by small business owners – are YOU making any RIGHT NOW?

When a small business is growing, visibility is key to managing profitability and ensuring that growth is sustainable. Too many small business owners start losing track of the true picture of performance once the size and complexity of the business increases - typically by the time turnover has reached $1M+. Is your business making any of these 8 BIGGEST MISTAKES RIGHT NOW? If your profits vary significantly from one month to the next and you are not clear why, you have little clarity on how you are actually performing If your accounts are not structured correctly you [...]