Seeing Through The Numbers

In this episode of Seeing Through The Numbers, Amanda talks about the importance of being watchful of your immediate and greater surroundings to see things that might be affecting your business.

In this episode, Amanda talks about how important it is to connect with people in an audience as well as connecting and communicating with your team, advisers and specialists to ensure that you are all on the same page within the business.

All the way from New York City, Amanda talks about the theme of the event that she is attending - Think Big - and how forward thinking and planning is imperative for businesses to stay relevant and profitable.

In Episode 19, Greg Smargiassi from OurCFO joins Amanda to talk about the importance of engaging a CFO even as early as the start-up stage of your business. OurCFO uses their proprietary processes to make sure your business is looking forward - analysing, interpreting and reporting on your numbers in a way accountants can't, to help you make the best strategic decisions possible. In this episode of Seeing Through The Numbers, Greg discusses how understanding your numbers can prompt you to ask the right questions to better manage your business.

In this episode, Amanda talks about the often misunderstood balance sheet. Amanda will break down the different elements of the balance sheet and explain the key things to look for to check the health of your business.

Too often accounting systems are set up to benefit the accountant but it's imperative that you get your system providing you with management reports so you can make informed decisions about your business. In this episode Amanda talks about a simple way you can tweak your reporting to give you a detailed level of reporting to gauge profitability over several different revenue streams in your business.

This week Amanda is talking to Ojdana Skovrlj from Key Accounting & Taxation. Ojdana has over 14 years of public practice experience working as a small business consultant, accountant and tax agent. For past 8 years, she has been running her own practice Key Accounting & Taxation located on the Sydney's Northern Beaches. Odjana specialises in small business & individual taxation as well as SMSF administration with the aim to help clients grow their business and increase profits while at the same time making sure their compliance is up to date. Her other passion is teaching. She has been part of the sessional academic team at Macquarie University since 2009 involved in Revenue Law (Taxation). Ojdana has Bachelor of Commerce - Accounting form Macquarie University and has completed the CPA program. In this episode, Odjana chats about small business, accounting, bookkeeping,taxation and log books. She also has some great tips for small business owners.

In this episode, Amanda explains the often misunderstood differences between Cash and Accrual Accounting. A must-listen for small business owners.

In Episode 14, Amanda speakss to Roland Hanekroot from New Perspectives. Roland is a Business-Life Coach who works with business owners to discover what their business and life could really look like and then he helps them build it. Roland is the author of The Ten Truths Trilogy, business books for people who don't read business books (but should). The books and many of Roland's other resources are freely available to download from his website: https://www.newperspectives.com.au

In this episode, Amanda talks about the importance of understanding your numbers and takes you through a few scenarios that she has encountered in her career.

In this episode, Amanda is talking about Seeing Through the Cash Flow. Amanda will talk more about cash flow forecasts and how they can assist businesses in various stages of growth or crisis. If you need assistance to see through your numbers, learn more about Amanda's Business Cash Flow Mastery program

In this episode, I'm talking with Stuart Hunter, National Head of Sales Australia and New Zealand at Futrli. Futrli is an online service where you can get all the answers about your business in one place. Their platform combines existing business data (it integrates seamlessly with Xero) with planning for the future, to help businesses and their advisors make the right decisions. Stuart started with Futrli back in 2015 when it was still called Crunchboards. He's moved from a client support role into a Business Development role where he has helped grow Futrli to be a surplus $1m pa business which is changing the way business owners get their data. Futrli runs weekly webinars "Meet Futrli: An introduction for businesses and accountants"to give you a deeper understanding of the product and how it can work for your business. Register here for the next webinar. Or if you're ready to jump straight in and give it a go, register for a FREE trial here: https://app.futrli.com.au/#/register

Today I'm talking about how to prepare a manual cash flow forecast for your business. This is important for a few reasons, it allows you to predict your cash at bank at the end of each month, it gives you an opportunity to review expenses (before they hit your bank account) and gives you the foresight you need especially in start-up and growth phases where external funding might need to be arranged. Learn more about Amanda's Business Cash Flow Mastery program

Welcome to Episode # 9 of the Seeing Through the Numbers Podcast. Today I'm talking with Jan Reeves from Jan Reeves Consulting about getting paid. Jan Reeves is the creator of GET PAID! the short small business owners course on how to get invoices paid on time without upsetting customers. In this episode of the podcast, Amanda talks to Jan about how small business owners can tweak their admin process to ensure invoices get paid promptly.

Welcome to Episode # 8 of the Seeing Through the Numbers Podcast. Today I'm talking about money coming into your bank account. Money coming into your bank account is a good from your sales, or payments from clients or customers of their invoices these are good - even though 1/11th of this belongs to the ATO (we're talking GST). But when deposits come into your bank account are non-revenue related - eg from your personal funds to help pay the bills, loans from family and friends, bank or finance company loans. These aren't good deposits because at some point in the future you are going to have to pay them back. The key here is to understand the difference between revenue and capital receipts and which ones will impact your profit and loss and which ones just help your cash flow in the short term but will need to be paid back.

In this episode of Seeing Through the Numbers, I'm talking with Drew Browne from Sapience Financial about business expense insurance. Drew is a straight-talking financial adviser who believes life is not about money. He's focused on helping small businesses owners and their families, protect and provide for those they love and what they're are responsible for. A big believer in protecting your purpose, Drew believes when people feel secure, they live bigger lives and lead better businesses. His company Sapience Financial & Investment is a Certified B Corp and in 2017 he received the Westpac Businesses of Tomorrow Award. We'll find out just what Business Expense Insurance is, discover the best time to take it out and whether this is right for your business.

Welcome to Episode # 6 of the Seeing Through the Numbers Podcast. Today I'm talking about expenses, payments and savings Whilst you do need to spend money to make money, often expenses creep in and you find if you look that you're paying for things you don't require or need. In this episode, we'll take a look at: •How to save money on things like subscriptions •Fixed vs Variable costs •Return on Investment

Welcome to Episode #5 of the Seeing Through the Numbers Podcast. Today I'm talking with Nick Urry from Dexterous Group about bookkeeping. Nick has worked in Finance & Operations for over 10 years across a range of sectors including Professional Services, Recruitment and currently Banking & Financial Services. He is a CA and registered Tax Agent and has experience working in large organisations and also small businesses. This experience has given Nick an appreciation for just the right amount of process and procedures required to develop a high functioning finance team / operation. Nick is highly effective in analysing a process and then recommending /implementing efficiencies either through automation or more general process improvements. The end result is an enhancement to the existing process and creation of a more efficient operating environment saving businesses time and money.

Episode # 4 of the Seeing Through the Numbers Podcast is all about bookkeeping and how cloud systems like Xero have simplified this process. I started using Xero back in 2012 when it was still an unknown in Australia. At the time, I was regularly getting enquiries from new start-up businesses and I set them all up on Xero, gave them an hour or two of training on how to use it and they were up and running. It's that simple to use. After six months of doing that, I converted my own office accounts from MYOB to Xero and immediately saved myself 4 hours a month in data processing time. From that time onwards, I've been shouting from the rooftops and telling everyone I see how awesome Xero is. I even wrote a book about it - Connected Technology - How to Transform Your Business with Cloud Accounting. Fast forward to now and whilst all the benefits that were espoused in 2012 are still valid, like the time savings, the automation of data entry, the ability for your advisors to see your numbers, real-time up-to-dat

In Ep3 of Seeing Through The Numbers podcast, I am talking with Paul Rose, Head of Sales and Distribution at Waddle about Small Business Finance. Waddle provides a modern invoice finance option via a cloud-based platform which integrates seamlessly with your existing cloud accounting system. Their customers use Waddle to manage cash flow, access cost-effective working capital and to drive their business forward. Was great to be able to chat with Paul about a different option for Businesses who are in a massive growth phase but need a bit of help to fund it. Hope you enjoy this episode.