Reporting Insights

Reporting is one of those things that everyone feels like they can do, it’s just clicking export inside Xero or any other accounting software … right? In this day and age of cloud accounting, software packages integrations, and SaaS tools, every single person is capable and ready to run reports until they are blue in the face.

But do they know how to read those reports?

What do those reports actually mean?

We provide the definitive edge between the numbers and the insights. And these are not interchangeable.

Get Powerful Insights From Your Books

Provided you haven’t screwed up the reconciliations, or any of the other input and output within the books, then you are sitting on an absolute gold mine of data. All you need to know is where to prospect and when.

If a marketer sat you down to ask you these questions:

Who is your target audience?
What clients you should be getting more of?

If you can answer this, its likely because you understand your books, or that someone has understood them well enough to pass the insight across to you.

There is literally (yes literally, not figuratively) no end to the valuable insights that can be gleaned from the collective list of cash moving in and out of your business.

Comprehensive Financial Accounting And Reporting For Your Business

A report can be as simple as running an export from your accounting package, or as detailed as having someone run that report and then apply a layer of human expertise to the output.

1. Balance Sheet

You can run this as a standard report from almost any accounting package, this is a standardised report. As long as the data in the package is correct then the report will be also. But do you then know what to do with this? Other than handing it to that mortgage broker when they ask?

In reality, this humble report is one of the cornerstones of your entire business. There is no simpler way to understand exactly where you stand at any point, everything else is just noise.

2. Profit And Loss Report

Another standard report, yet again reliant on the rest of your accounting package being maintained better than your wife’s shoe collection. We can use this report to give you a live feed of intel as to which portions of the business are working and where the problems are starting.

Do you have an overspending problem? Do you have a line item which always equates to better profit? Is there a crazy variance between your ambitious goals and budgets versus the reality?

All of this can be assessed and answered by someone who knows what they’re reading with access to a trustworthy profit and loss statement.

3. Cash Flow Tracking

This one is not as easily enabled simply by having an accounting package that’s been used properly. Cash flow management is nothing short of art mixed with deep scientific capability. It is not for the faint of heart, but this comes with requisite benefits.

If you need to get to the next level on your situational awareness of cash, then you are not going to be able to rely on any one piece of software, and you certainly are not going to be able to rely on your run-of-the -mill pencil pusher to bring this to the forefront.

4. GST Analysis

It’s not enough to just have GST that has been collected and entered across your systems, someone really should be coming back and giving it a 20,000-foot view and analysis.

Do all the codes line up? Has someone made an entry error? Are you potentially non-compliant with some piece of GST regulation you never cared to check up on?

We go deep in compliance, (in an unhealthy way, this is how we find zen…) so that you don’t need to ever be concerned.

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What Our Clients Are Saying

I was first referred to Ms Tamara Wagner 2 years ago after seeking assistance with our company's accounts. This process started out quite simply and evolved into something far more complicated. Thankfully Tamara recognised that it was more complex than first thought and brought this to our attention immediately. Due to Tamara’s expertise and wide range of skills she was able to set up our company's accounting software platform from scratch, rectify multiple complex errors, liaise with our software provider and ensure we were following the legal guidelines for our tax and staffing requirements as per the latest legislation. Tamara has always been prompt, professional and completely reliable whilst remaining down to earth and approachable. Not only has Tamara been a very valuable asset, she has also taught me a great deal, and as a result I am now able to complete our company's bookkeeping independently which has been of major benefit economically. It has been an absolute pleasure working with Tamara Wagner and I wish her the very best with her future endeavours.

Shannon Walter-EngelsmaDirector( P6 Medical Pty Ltd )

Tamara Wagner has been our bookkeeper for brilliant 3 years. She was recommended to us by our Accountant as the previous bookkeeper we had was completely unprofessional and had made a lot of errors. Having Tamara as our bookkeeper has been one of the best business decisions we have ever made. Her knowledge of accounting and bookkeeping is outstanding and she went through our finances with a fine-tooth comb and brought it all up to date. Tamara has also helped us take more control of the financial side of our business by teaching us how to prepare for BAS, input correctly as well as helping us when we employed staff to make sure we were doing pays and super properly. We know that if we were ever audited (touch wood!) that we would be completely ok. Tamara is always there to help us if we have any questions or problems, but the best thing is that she shows us how to solve it. We highly recommend you consider Tamara as your future bookkeeper. Trust me. Best decision you will make for your business. Thanks Tamara you’re a legend, or as Tamara would say... “It’s a beautiful thing!”

Erica and Ian WiddopOwner( ecept.com.au )

Have used Definitive Accounting for over 15years, professional services, very knowledgeable, always able to correct our problems and give advice on improving how we use our system. We have Tamara look over our accounts and complete BAS Statement every 3 months. This always gives us piece of mind knowing everything is up to date and correctly entered. Would highly recommend this business to anyone.

Tracey SimpsonCEO

If you need the services of a professional Bookkeeper who has your back when you need it most, Tam’s the one.

Just watch out for that sense of humour…………. : )

Peter WatkinsManaging Director

Thank you Tamara for years of wonderful service. Your knowledge and expertise is second to none. Always prompt and friendly service which in business is so welcomed. Nothing is too much trouble for you and that's so important when time is of the essence. It's been a long and wonderful association which is truly valued. We look forward to continued association. Kindest regards.

Monica ReimannEco Waste & Compost Solutions

I have been a client of Tamara’s since 1999. Throughout that time Tamara has been nothing but professional, helpful and personable. Another thing that sets Tamara apart from the rest is that she does a quarterly check in to make sure everything is running smoothly, rather than waiting for me to contact her with issues. These quarterly check ins have been invaluable and have meant that I have been able to pick up on discrepancies in our book keeping on a regular basis rather than at the end of the financial year. I cannot thank Tamara enough for her dedication and hard work over the last 22 years.

Valerie RismondoProprietor

Tamara has been taking care of my software and my BAS for over a decade now and what was once a stressful time for me is now actually pleasant. Not only does she show a diligence and a real concern for my business, she is always light hearted and positive. She epitomises a can-do attitude I feel 100 per cent confident in the work she does and the knowledge she imparts.

Gill VassOwner(Ceiling Concepts Pty Ltd)