- Less reliance on bookkeeping, we can do it for you
- Work ON your business and not IN your business
- Monthly reconciliation and management financial reporting
- Financial data immediately available to make key decisions
- Access to timely financial and client information whenever needed, anywhere in the world
- Accounting fees are spread over the year, i.e. monthly, no lump sum payments involved
- GST & BAS management
- Fees from as little as $550 plus GST per month, including the preparation of annual accounts and tax returns
- Cash-flow clarity
- Auxiliary business improvement services can be provided to increase profits and business valuation
The benefits to our business clients
At Summit we understand that most small business owners are just too busy running their businesses to focus on their accounting and management reporting needs. The problem is further exasperated with limited proactive advice from their current accountant. Without timely accurate financial information and professional guidance, it is impossible for any business to maximise full potential. This impacts business valuation and eventually flows through to the sale/exit in the end.
At Summit we specifically developed our Virtual CFO Services so we can address the client need to have accurate timely financial information available, at a fraction of the cost to hire an internal accountant.
The accurate and timely financial information can be used by the business owner to make quantified business decisions based on fact, therefore eliminating risk.
How does it work?
By using a web based accounting system we can have direct access to our clients accounting information. This enables the accountants at Summit the ability to update client accounts monthly, including the preparation of GST/BAS reports.
Budget variance reporting is available for clients that elect to have a business plan or their financial forecasts prepared in advance.
There is no need for internet privacy and security concerns; our web based solution is more secure than regular desktop software.
Predetermined alerts can be programmed to notify your Summit Accountant if necessary so immediate action can be taken to rectify – negating further negative financial impact. We can provide advice when your business needs it, not just when you ask for it.
The service is designed to take care of the basics, so attention can shift to increasing business value and planned succession. The up to date financial information is available to assist with strategic business development.
Develop your business
A natural progression for clients with accurate and timely financial information is our business advisory services. This is where our experienced advisers work with each client to develop a comprehensive business plan, inclusive of financial forecasts. The focus of this engagement is to achieve the goals of the business owner, this generally involves maximising profitability and preparing for planned business succession. Most business owners fail to appreciate the need to plan for succession. Ultimately, if the end goal is to sell the business eventually, i.e. to fund retirement, then to avoid possible disappointment, preparation needs to commence now.
Free Consultation
Please call our office on 9622 0600 or click here , to arrange a free trial.
