Accounting

As a small business owner, finding an accountant that you trust should be one of your main priorities. It can be easy to overlook your numbers and figures when you’re trying to build your business, convert leads into customers and manage staff.

Maintain a Steady Course

Without a dedicated accountant to interpret and analyse your finances, you can easily veer away from your budget and projections and go off course.

Some business owners don’t even hire an accountant or a bookkeeper until they think something is wrong with their finances. By handling your own accounting without solid understanding of it, you can run into poor cash flow management or even a lack of capital.

These are common mistakes that can be easily avoided.

Accounting is the cornerstone of a business. Most successful businesses will say that they have a great accountant that they can trust to hold them accountable to their numbers and make sure their business is financially healthy.

When it comes to hiring an accountant, you have the option to outsource. Doing so gives you a global talent pool to choose from, allowing you to pick the right person for the job. A lot of outsourced labour can be more cost-effective than hiring someone in-house. It can also relieve you and your team of the burden of handling the payroll, accounts payable, and accounts receivable since an accountant can take care of all that.

Outsourcing accounting services gives you more flexibility, more time, and someone dedicated to your business’ growth.

Why Get an Accountant?

Accounting services are a necessity to succeed in business. If you want to feel confident in your financial health and secure your business growth, finding the right accountant is the first step.

Accountants are trained to deal with financial matters and are sharp enough to interpret the health of your business from the numbers you provide.

While it may be cheaper to do the accounting work yourself in the short term, it’ll relieve you of stress and save you more time and money as your business grows.

Trustworthy Financial Advice

Not only do we provide you with a picture of your business’ financial health, we can advise you on what steps to take to improve.

More Time to Focus on Core Business

Because you’ve left the number-crunching to us, you can focus on other important aspects of your business.

Fewer Errors

We specialise in our craft and are less likely to commit errors when doing the maths, saving you the headache of having to repeat equations because of a costly mistake.

A Systematic Cash Flow

Because we have such an intimate knowledge of your costs and revenue, we know how to systematise and come up with spending plans for your business.

Management of Tax and Debt

By sourcing the best borrowing strategies and knowing the most efficient repayment schemes, we can help you manage your debt and lessen your tax exposure.

Spotless Records

With clean records, it’ll be easier for you to sell the business in the future if you wish.

Forecasts and Predictions

We can create accurate projections on how your business will develop, allowing you to make more strategic business decisions.

Money Saved

Because you’ve got an expert to handle the finances, there’s a reduced risk of any miscalculations and misplaced records, as well as sound financial advice.

Our Process

We know how important your business is to you and we’ll treat it with the same care that you do. It’s just as important to us as our own business. We’re your partner through this endeavour and want to watch you succeed. Building a valuable, lasting relationship with you through providing accurate storytelling through numbers and financial advice is significant to us.

And while numbers can be overwhelming to you, they excite us—so we’re definitely going to be as committed as you are to your business.

We want your business to thrive and reach its full potential so we’re committed to analysing your numbers and providing you with strategies to help you grow.

Initial Conversation

We conduct an initial conversation with you. We ask questions to better understand you, your business, and the pain points that you are experiencing.

Formal Meeting

We have a formal meeting with you once you’re comfortable with us and perform an audit of your current financial practices and position by looking at profits and losses, balance sheets, and financial projections. We ask about any insights you may have on your cash flow.

Designing a Solution

We create a workable solution based on our review and walk you through our proposal so you understand what you’re investing in.

Achieve Your Goals

We help you achieve your goals by creating the space for growth. When you’re not stressed about your accounting, you have more time to focus on growing your business.

Support

We’re also available for unlimited phone calls and emails, offer cloud accounting to keep your data safe, and proactively provide you with support. We understand that your business grows more complex as it develops, so we conduct annual reviews to see how we can change or adjust our approach to best suit your needs.

Frequently Asked Questions

To get started, it’s as easy as saying hey!

We’ll get in touch and ask you a few questions to better understand you, and to see whether we’re a good fit. We’re interested in working with those who want to build a long term partnership and not just a tax outcome.

From there, we’ll need access to some data or reports for us to put together our proposal.

Our Proposal meeting is more than ‘here it is, have a think about it and get back to us’. We provide you with a review of the story in your numbers, highlighting anything that needs to be addressed, so whether you work with us or not, you know the true story that your business is telling you.

Our Proposals are all sent for electronic signature, and once accepted you move to our onboarding meeting, where you get to meet the key players in the team who are there to support you.

Once that is done, we get stuck into the work. Operating behind the scenes, but only ever a phone, SMS, Facebook / WhatsApp / Instagram, or email away.

The best part is, depending on how ready you are, we can usually do this process within 2 weeks.

Permission to be blunt — how frequently you hear from us is dictated by how much you’re willing to pay. We’re not trying to be rude about it, but it’s plain and simple. We value our time and our knowledge, and if you want smart advice, you’ve got to have skin in the game.

But, we’re always available via phone, SMS, Facebook / WhatsApp / Instagram, or email, and we’re regularly sending out communications and invitations to events.

We’re certain we are, otherwise why would you be on our page reading this right now?

In truth, you don’t until you give us a go. Every new beginning starts with a single step.

But if you need more convincing, we can send you through testimonials and client references.

A few things, really:

  • We’ve scaled our own business, so we know what works.
  • We’ve been in the game for more than 20 years and have some of the sharpest accounting and tax brains you can find.
  • We’ve created our own framework for freedom.
  • We believe in only win/win situations — it’s in our best interest that you succeed.
  • Likewise, we know that you may be looking for an ‘accountant’ but what you really mean is a financial manager.

We’ve got packages from $200/month through to $2000+/month.

It’s hard to say until we start looking into your business, but what we can say is this:

  • You’ll never get a bill from us that you didn’t know about.
  • We don’t charge for phone calls and meetings, so you can ask us questions.
  • We put the power back to you, meaning until you agree to a fee, we won’t start the work.

Of course! Let us know, and we’ll give you a couple clients to speak with.

We’ve worked across multiple industries, and in reality, a business sells time or ‘stuff’ (products).

We understand the differences in both business models because we’ve worked across both business models.

In fact, we’re regularly cross implementing advice, meaning we implement product methodology into service businesses and vice versa, because sometimes the answers require you to think laterally.

We’re a tech-driven firm. Majority of your interaction with us will be via phone, email, zoom/MS Teams.

We’re a Xero Partner, and work predominantly in Xero, but have experience working across Quickbooks and MYOB.

All our lodgements are sent electronically for you to sign, and all the programs we use to run our business are cloud-based, meaning the team can work remotely across the globe (which they do).

For us, work is where the Wi-Fi is.

We work with clients across the country, and when we can, we try to get out there to our clients in different states. But if you’re in Sydney, there’s a good chance we’ll get to catch up for a coffee (or beer).

Get in Touch

Get accounting and tax advice that helps you, no matter what stage of business you’re in. For enquiries, feel free to call 02 9837 6148, or email through the form below. Thank you for your interest in HY Accounting.

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