"A Business is a timely and costly investment, that doesn't need to be compromised when elements that can't be controlled, change around it."
Business Financial Services are the best insurance a business has to ensure its longitivtiy and robustness relative to its financial performance, financial position and market competitiveness.
For comparative and stand-alone services our median hourly Accountant cost (Director proficiency) is $177.00 ph (GST inclusive) whilst our median hourly Bookkeeping cost (Accountant grade) is $66.00 ph (GST inclusive).
As a general rule of thumb, a business should be prepared to outlay between 2% and 5% of its turnover for Financial Services depending on its business lifecycle, encompassing:
Financial Management (Financial Accounting, Taxation and Bookkeeping)
Financial Advisory and Analysis (Strategic Business Management)
Financial Systems (Customer Relationship Management and Financial Accounting Software)
A higher percentage should be anticipated when a business is in its development and establishment life cycle stages, than when in its maturity phase where the business has a more comprehensive requirement for these services combined with it having fewer internal employees and resources to assist in these functions.
"By utilising a percentage of turnover remuneration model
instead of a fixed fee for service model, alike traditional accounting firms, a mutual incentive for the financial professional to grow and increase the market share of your business is provided,
instead of just running the figures after the fact."
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