Amana Accounts in Melbourne, Victoria, Australia | Financial service

Amana Accounts

Locality: Melbourne, Victoria, Australia

Phone: +61 447 239 905

Address: 211 Maroondah Highway Ringwood 3134 Melbourne, VIC, Australia

Website: http://www.amanaaccounts.com.au/

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• Tax preparation service
• Consultation agency
• Financial service
• Business consultant

23.01.2022 Is It Time to Re-evaluate Your Pricing Process? Warren Buffet once said that he would rather have a business with pricing power than good management. As businesses are entering the 2018/19 financial year, they should be reviewing their pricing strategies. ... There are many factors that drive the timing, including annual budget cycles, customer notification periods, customer pricing blackout periods, printing price books and catalogues, and updating system prices, all of which make this seemingly innocuous process a major exercise. Businesses can easily get lost and bogged down in the processes and miss the strategic requirements needed to secure the coming years P&L margins. They even can get lost in whether or not a 2% mark-up would be appropriate when naturally 4% would be better but might run the risk of pushing customers out of the market. By developing a pricing strategy as part of your annual planning process you can achieve profits well in excess of just taking a uniform increase.

21.01.2022 Stock turns a critical measure to healthy cash flow in a Pharmacy... But it's not enough to measure as a whole business... Measure stock turns by category/department #stockmanagement #cashflow #pharmacy

20.01.2022 [Payment Plans] Do you sell a product of high-value? Perhaps consider offering payment plans.... However, you must be careful with your product/service delivery under a payment plan. Do not deliver the complete product or service under the payment plan if you don’t have control over whether you will be paid the full amount. This is just one of the ways you can boost your cash flow.

19.01.2022 #BusinessTip Know When You Will Break Even Knowing when you will break even allows you to set goals and bench marks to strive for, and allows you to forecast much more effectively. This will allow you to manage your capital more efficiently, and create a better budget.

18.01.2022 Why should you work with us? Here at Amana Accounts, we believe in 3 unique values freedom, empowerment and success. 1. Success We believe and are passionate about our client’s financial success. We believe we have a direct impact on the financial success of our clients. By providing an accurate bookkeeping service, quality reports, KPIs and real time data, business decisions can be made at anytime, anywhere and most importantly, data can be relied upon. Finding business ...improvements, whether that be wages are too high or business processes are inefficient is our passion. 2. Empowerment We believe that business owners should not be accountants or bookkeepers. They should be serving their customers, improving their business. We provide all the tools i.e. financial information to help them do what they do best. 3. Freedom We believe that giving up the bookkeeping function for business owners will help liberate them do what they do best. There are so many regulatory requirements, time consuming processing that veers business owners away from their core business. Furthermore, they delay this kind of work as they hate doing it, and therefore have access to poor data and more importantly, time delayed/historical data. When a decision needs to be made the books won’t be able to tell you. For more information about how we can help your business visit our website today: www.amanaaccounts.com.au

17.01.2022 Enforce Your Terms & Payment Disciplines One of the main issues business owners have with their cash flow is the speed at which the cash is coming into the business. Hence, the concept of keeping your payment terms short is critical to ensure you have positive cash flow.... Make receiving payments as quick as possible a priority for yourself and your employees. Make it a companywide priority The best way to do this is to clearly list your terms on all your invoices. This means offering a range of different payment methods and making it an easy process for your customers/clients to pay you. If you are currently already doing this, start to look at enforcing payment disciplines both positively and negatively. Examples include offering discounts on early payments to encourage early payments and charge interest/late fees on those who pay late to avoid it becoming a regular issue. More of your customers will pay on time (or even better early), and you’ll be able to save time not having to follow up.

17.01.2022 #BusinessTip Diversify Your Revenue If you’re looking to improve your cash flow and profitability perhaps it’s time to think of add-ons to your suite of offerings. Think of how you can improve the life-time value of your customer.... That means exploring your would you like fries with that? value. Perhaps you can offer a DIY model of your service where you teach through an online course if you’re a service-based business or implement a recurring sales model.

16.01.2022 Implement A Hiring Strategy You should be able to pinpoint exactly when you need to hire your next employee. Ensure you have a plan mapped out telling you when you should hire and how that position will contribute to your strategy. Most importantly, check whether it fits your budget.

15.01.2022 Convert To Xero! Don’t let invoices pile up. Consider using accounting software that will organise your billing schedule. ... An automated system such as Xero will manage all your billings, while you can access the software from multiple devices such as your mobile and laptop. If you would like to move accounting systems to Xero, we can help. We will make the conversion a seamless process for you it seems scary and many business owners may hesitate to make the move as they fear a loss of reliability in data. We have systems and processes in place to ensure a reliable and smooth transition. Here is the data that will convert: - Sales history - Purchases history - Payroll data (including YTD staff wages, PAYG and even leave balances) - General ledger information - Historical reports - Even supplier and customer details (including contact details and bank accounts) - Delivery time is 2-3 working days Contact us now!

14.01.2022 Enforce Your Terms & Payment Disciplines One of the main issues business owners have with their cash flow is the speed at which the cash is coming into the business. Hence, the concept of keeping your payment terms short is critical to ensure you have positive cash flow.... Make receiving payments as quick as possible a priority for yourself and your employees. Make it a companywide priority The best way to do this is to clearly list your terms on all your invoices. This means offering a range of different payment methods and making it an easy process for your customers/clients to pay you. If you are currently already doing this, start to look at enforcing payment disciplines both positively and negatively. Examples include offering discounts on early payments to encourage early payments and charge interest/late fees on those who pay late to avoid it becoming a regular issue. More of your customers will pay on time (or even better early), and you’ll be able to save time not having to follow up.

13.01.2022 Our Promise To You! We are a bookkeeping firm that delivers high quality, accurate and real time financial data to business owners and translate this into beneficial business advice, our promise to you include: - REAL TIME DATA: Your information will be live In the cloud. Therefore, decisions can be made at any time, anywhere. We are constantly in touch with your accounts so you can rest assured your financial data is always up to date.... - FUTURE FOCUSED: Financial reports are important to understand how your business has been performing, however, what about future performance? At Amana, we provide you the tools to help plan the future, make better decisions and see your business grow. - ADVISORY: Our services offer you sound financial advice to help your business grow and succeed. We don't just send you reports, we offer notes and highlight key financial information to make it easier for you to understand the report and digest the information. If you are a visual person we can present this to you in graphs, or if you love crunching numbers we can provide this to you through numbers. The choice is yours. We are here to help your business grow. Visit our website amanaaccounts.com.au today to find out more about how we can help your business.

11.01.2022 Why should you work with us? Here at Amana Accounts, we believe in 3 unique values freedom, empowerment and success. 1. Success We believe and are passionate about our client’s financial success. We believe we have a direct impact on the financial success of our clients. By providing an accurate bookkeeping service, quality reports, KPIs and real time data, business decisions can be made at anytime, anywhere and most importantly, data can be relied upon. Finding business ...improvements, whether that be wages are too high or business processes are inefficient is our passion. 2. Empowerment We believe that business owners should not be accountants or bookkeepers. They should be serving their customers, improving their business. We provide all the tools i.e. financial information to help them do what they do best. 3. Freedom We believe that giving up the bookkeeping function for business owners will help liberate them do what they do best. There are so many regulatory requirements, time consuming processing that veers business owners away from their core business. Furthermore, they delay this kind of work as they hate doing it, and therefore have access to poor data and more importantly, time delayed/historical data. When a decision needs to be made the books won’t be able to tell you. For more information about how we can help your business visit our website today: www.amanaaccounts.com.au

10.01.2022 Implement A Hiring Strategy You should be able to pinpoint exactly when you need to hire your next employee. Ensure you have a plan mapped out telling you when you should hire and how that position will contribute to your strategy. Most importantly, check whether it fits your budget.

09.01.2022 The Power 4 1. Increase turnover 2. Increase Margin 3. Increase Basket Size... 4. Increase customer base/frequency If you are looking to grow your #pharmacy or you're struggling with cash flow start with these major items. They will make the biggest impact in your store.

09.01.2022 [Payment Plans] Do you sell a product of high-value? Perhaps consider offering payment plans.... However, you must be careful with your product/service delivery under a payment plan. Do not deliver the complete product or service under the payment plan if you don’t have control over whether you will be paid the full amount. This is just one of the ways you can boost your cash flow.

08.01.2022 Renegotiate Contracts... Renegotiating contracts is not easy. Businesses can get stuck in contracts that hurt them in many ways; leaking profits, hurt employees and hurt business relationships. ... Long-term purchasing agreements made before market prices dropped, the lease for too much office space, the sale with an impossible delivery date are just some of the many ways business may need to renegotiate contracts. But how? Renegotiating a contract before its legal end is usually unpleasant and fraught with hurdles. Treat your business partner like a partner, not an adversary. Look for something to offer the other part and you will be able to renegotiate for the benefit of both parties.

08.01.2022 #Pharmacy owners should train staff that stock on your shelves is literally like hanging cash on the shelves. #stockmanagement #bestpractice #ordering

05.01.2022 #BusinessTip Diversify Your Revenue If you’re looking to improve your cash flow and profitability perhaps it’s time to think of add-ons to your suite of offerings. Think of how you can improve the life-time value of your customer.... That means exploring your would you like fries with that? value. Perhaps you can offer a DIY model of your service where you teach through an online course if you’re a service-based business or implement a recurring sales model.

04.01.2022 Our Promise To You! We are a bookkeeping firm that delivers high quality, accurate and real time financial data to business owners and translate this into beneficial business advice, our promise to you include: - REAL TIME DATA: Your information will be live In the cloud. Therefore, decisions can be made at any time, anywhere. We are constantly in touch with your accounts so you can rest assured your financial data is always up to date.... - FUTURE FOCUSED: Financial reports are important to understand how your business has been performing, however, what about future performance? At Amana, we provide you the tools to help plan the future, make better decisions and see your business grow. - ADVISORY: Our services offer you sound financial advice to help your business grow and succeed. We don't just send you reports, we offer notes and highlight key financial information to make it easier for you to understand the report and digest the information. If you are a visual person we can present this to you in graphs, or if you love crunching numbers we can provide this to you through numbers. The choice is yours. We are here to help your business grow. Visit our website amanaaccounts.com.au today to find out more about how we can help your business.