Ten X Advisors in Sydney, Australia | Accountant

Ten X Advisors

Locality: Sydney, Australia

Phone: +61 2 9403 5066

Add/Update information

Reviews

Tags

• Accountant
• Financial service

25.01.2022 It seems everywhere you look another restaurant, bar or caf is closing its doors. If you were to believe everything you read, then the reasoning has something to do with UberEats. Specifically, the fact that they charge crazy amounts of commission for your blood sweat and tears. The truth is that using delivery platforms such as UberEats, Deliveroo or Menulog wisely can have a positive impact on your bottom line. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

25.01.2022 JobKeeper has been extended to March 2021 but with important differences. Talk to us to assess your continued eligibility and to start planning now for changes that will apply from 28 September 2020. www.tenxadvisors.com.au

24.01.2022 What do you do best? If its not financial management, our Team can help. We are qualified Chartered Accountants that specialise in hospitality. What do we do best? Provide our clients with a seamless, one stop solution for managing their businesses finances. This includes, accounting, bookkeeping, business advice and planning, reporting payroll and employee management. ... #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

24.01.2022 What is the one financial chore you wish you could get off of your plate?

24.01.2022 When it comes to measuring the progress of your business, Key Performance Indicators (KPIs) are a vital tool. Well help you establish the KPIs for your business so you get the full picture. #business #management www.tenxadvisors.com.au

24.01.2022 At Ten X, were changing the ho-hum relationship you have with your book keeper and accountant. When you partner with us, youll have the comfort in knowing that the Ten X team have the skills, knowledge and expertise to not only look after all your business finances, but provide you with expert advice specifically tailored to your hospitality business. Empowering you to grow your business, the right way. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

22.01.2022 The difference between success and failure can be extremely small. With average profit margins for hospitality businesses ranging between 2% and 10% it is extremely important that business owners understand their costs and how they relate to the revenue that they generate. Ten X helps business owners do just this by providing this information to them on a weekly basis. This information highlights areas that need to be focused on to ensure they are generating not only enough profit to keep the doors open but to achieve their objectives. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

20.01.2022 What are the key numbers to focus on in your business? What are the measures of success? Well show you how to track performance, take action and prepare your company for surviving the new business normal. www.tenxadvisors.com.au #advice #kpi #smallbusiness

19.01.2022 We are your very own virtual Finance Department. Your outsourced accounting and bookkeeping solution that manages and monitors your business even when you arent there. Unlike traditional accountants and bookkeepers, our team is on hand at all times to support your business. Thats the Ten X difference. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

19.01.2022 Do you feel at peace with your financial position? Operating a business can be stressful, particularly when you often get bogged down managing the day to day. Ten X are Chartered Accountants who are experts at looking at the big picture. We cut through the complexity of your financial position and break it down making it simple for you to understand. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

18.01.2022 A well set-up and integrated Point of Sale (POS) can help to run your business effectively. The simplest of systems focus managing the customer experience through order taking whilst the more advanced systems claim to streamline business processes with add on functionality such as inventory and product ordering. The best POS systems assist you greatly to understand what is driving revenue through your venue. These POS fail to give you an accurate and accessible snapshot of ...costs and how they relate to the revenue that has been generated. Ten Xs weekly dashboard reporting combines data from all your businesses systems to identify your businesses key financial metrics. We take information from your POS, your accounting, and your payroll systems and combine this to provide you with your key performance indicators (KPIs) on a weekly basis. These include (but arent limited to): - Sales - Food Sales - Beverage Sales - Covers - Spend per Cover - Cost of Sales ($ + %) - Food Cost of Sales ($ + %) - Beverage Cost of Sales ($ + %) - Staff Cost of Sales ($ + %) - Kitchen Staff Cost of Sales ($ + %) This is all part of our service aimed at increasing your businesses profitability. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

17.01.2022 What are the key numbers to focus on in your business? What are the measures of success? We'll show you how to track performance, take action and prepare your company for surviving the new business normal. www.tenxadvisors.com.au #advice #kpi #smallbusiness

16.01.2022 Recent changes have been made to the key awards that impact the hospitality industry. These cover: - breaks - apprentice progression - tool allowances for cooks... - deductions made to cover breakages or till shortages. Are you across these changes and how they will impact your payroll? Get in touch with our team for more. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

16.01.2022 Did you take the opportunity to keep the doors closed this Australia Day? Whether you were open or closed, the public holiday may still have implications for your payroll this week. With increased scrutiny by employees, it is important to have someone that can help you get this right. We can help you with one off advice regarding matters such as this, as well as a complete end to end employee and payroll management solution. We also have a blog on our website that discusses... public holidays in detail so check it out... https://www.tenxadvisors.com.au/how-to-ensure-you-pay-your/ #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

15.01.2022 Today, 31 Aug 2020, is the last day to apply for the NSW small business COVID-19 recovery grant. You may be eligible for a grant of up to $3,000. Have a look now if you havent! https://www.service.nsw.gov.au//apply-small-business-covid

13.01.2022 Get a grip on Employment Awards and find out what they are all about. https://www.tenxadvisors.com.au/navigating-the-awards/

13.01.2022 Do you feel at peace with your financial position? Operating a business can me stressful, particularly when you often get bogged down managing the day to day. Ten X are Chartered Accountants who are experts at looking at the big picture. We cut through the complexity of your financial position and break it down making it simple for you to understand. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

13.01.2022 Do we have enough cash to last this month? How much cash do I need to trade next month? How much cash do I need to make that debt repayment next month? A good cash flow forecast will answer all those questions and show you how long your business can weather a storm. Once you have the data in one place it will also help with every business decision. Get in touch to create a cash flow plan today. www.tenxadvisors.com.au #cashflow #smallbusiness #success

12.01.2022 Supplier invoices are often time-consuming and can be rather confusing. No doubt you have a bunch sitting there, waiting for you. Ten X can handle your invoices directly with suppliers and will cross check what has been delivered so you don't have to worry about any missing invoices, discrepancies, or chasing for credit notes. Learn more on how we can help. https://www.tenxadvisors.com.au/our-servi/accounts-payable/

11.01.2022 Want to gain clarity on how your hospitality business is performing? Ten X can set achievable, financial objectives (known as key performance indicators) for your business to work towards. Every month we'll then crunch the numbers to give you valuable and actionable performance reports to help you run your business successfully.

11.01.2022 Dont forget! Get your payroll information ready now for your installment activity statement due on the 21st. Well help you prepare for your IAS to make lodgement and payment easy and efficient. www.tenxadvisors.com.au #smallbusinessadvice

11.01.2022 Charging for card facilities has always been a confusing one for hospitality business owners. With so many cards being presented by customers and a wide range of fees charged by our banks. It isnt easy to charge a fee that doesnt scare away your customer while also recovering the cost. Laws introduced in September 2017 imposed fines for businesses that charge a fee any higher than the cost of the transaction. This made it even more important to get it right. So what are yo...ur options? Option 1 is to charge no fee. Absorb the cost and get on with running your business. We do not recommend this. The fact is customers are now accustomed to having transactions fees passed on. Whether its airline tickets, concert tickets, parking tickets all big business seemed to embraced passing on the fees. As a small business it is critical you do the same. Option 2 is to use a leverage your merchant facility such as Tyro and recover the fees. Tyro can automatically calculate an acceptable amount to surcharge based on the type of card and the transaction type. It is a one step process and all that is required is that you inform the customer of what the rate of surcharge is and have clear signage stating the various rates for each card type. Businesses that implement surcharging increased their bottom line profitability instantly. For other ideas on how you can increase the profitability of your restaurant, caf or bar contact Ten X Advisors today. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

10.01.2022 How much time do you spend planning for your businesss future? Sometimes it feels like we are constantly planning the day to day. Whether it be menu planning, rostering, purchasing, specials, opening hours or seating arrangements just to name a few. How much time do you spend planning out the long-term future of your business? This is often the area that most businesses spend the least time on, yet has the biggest potential to impact the future success of your business. ...The Ten X team are experts at working with clients to translate plans into simple to understand performance measures and targets which can be measured and reported. This allows you to take control of the future, identify the areas of your business that need attention and where you can have the biggest impact. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

09.01.2022 How much time is your team spending processing invoices? Our accounts payable service eliminates inefficiency and ensures you can concentrate on running a profitable business. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybar #melbournebars #brisbanebars

09.01.2022 Struggling to understand your financial situation? Youre not alone. The fact is operating a business can be difficult. Without the benefit of financial training it can be down and out confusing. At Ten X we cut through the complexity of your business financial situation and break it down so its easy to understand. We blend our knowledge and understanding of financial management systems, financial information, the hospitality industry and business trends into value for ou...r clients business. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

08.01.2022 What drives your business revenue? How well do you understand your revenue drivers? We can help you review the numbers in your business, identify your revenue drivers, and will help you enhance your total revenue as a company. www.tenxadvisors.com.au #businessadvice #sales #revenue #kpi

08.01.2022 Ten X provides specialist advice to help your hospitality business grow. We are expert accountants you dont just see once a year at tax time, we specialise in your industry and provides you with insights to ensure your business can grow and scale. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

08.01.2022 NSW business owners, If you have recently bought a fridge or planning to buy one, have a look at this rebate of up to $1,490! Get in touch now for a free 30 mins consultation on how we can help your business! www.tenxadvisors.com.au/contact-us... https://energysaver.nsw.gov.au//commercial-refrigerator-re

08.01.2022 And just like that Quarter 2 is all over! Did you achieve what you set out to? Now is a great time to not only ensure your books are up to date so you can submit your BAS to the ATO, but it is a great time to draw a line in the sand and reflect on your business performance over the 1st 3 months of the financial year. Measuring and analysing your business performance can turn a good business into a great business. It allows you to manage your business by making incremental cha...nges to ensure you are on track to meet your goals. The Ten X team cut through the complexity of understanding your business performance and sit down with you to walk you through your profit and loss, balance sheet and cashflow and help you plan for the future. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

07.01.2022 Here's a recommendation from our awesome client Julie Niland of Saint Peter, Paddington and Fish Butchery Paddington Get in touch now for a free 30 mins consultation on how we can help your business! www.tenxadvisors.com.au

07.01.2022 Did you make a profit? What is owing? Do I have enough cash flow for the next month? Answer these questions by making time to look over your financial reports each month. We can give you an overview of what reports youll need to help you build a thriving business. www.tenxadvisors.com.au

07.01.2022 Do you currently have multiple businesses supporting your business? Dealing with your businesss finances can be complicated particularly if you are dealing with separate stakeholders managing your transactions, your accounting, your payroll and your tax compliance. Ten X provides a complete end to end financial management system for our clients businesss that is efficient and cost effective without sacrificing on quality of service. We provide our clients with direct co...ntact to our partners who have a deep understand of each clients financial position giving them ability to provide insight and clarity. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

06.01.2022 Not sure what an accountant can do for your business? Well, the right accountant will do a lot more than just help with your tax returns! Your accountant should be a trusted business advisor, helping you lead with more confidence. #SmallBusiness www.tenxadvisors.com.au

05.01.2022 As business owners we all work extremely hard. Ten X helps you to work smarter by taking the financial work of your plate allowing you to focus on what you do best ... growing and developing your business. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars l

05.01.2022 Cash is oxygen for your business and measuring working capital is your regular health check to keep your business alive; especially in turbulent times. #WeCanHelp identify strategies to increase #WorkingCapital www.tenxadvisors.com.au

05.01.2022 Not all POS (Point of Sale) systems are created equal. Although they perform the same basic task, some additional functions, if utilised correctly, can help you control and increase your businesses profitability. With so many options and with high switching costs, it is extremely important you make an informed choice in the beginning. For us the top 5 things to consider are: 1. Remote accessibility. 2. Ease of integration with your accounting system (Xero etc.) and paymen...t platforms (Tyro etc.). 3.The stock management module and its ease and efficiency of use. 4. The ability to extract detailed sales and cost data. 5. Price. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

04.01.2022 Ever struggle with the cash flow to meet your quarterly BAS payments? You are not alone. By engaging Ten X to review and lodge your BAS on your behalf you: - Get access to extended lodgement and payment deadlines (around 1 month) - Reduce year end accounting, by ensuring your accounts are in great shape - Have an opportunity to review your businesses performance for the past 3 months... - Have an opportunity to plan for the next 3 months (or more) The end of each quarter is a great time to reflect on what you achieved and set some targets for the future. Setting targets through your planning process also helps you manage your cash flow so you can ensure you have the cash on hand needed to meet your obligations (not just to the ATO) when they fall due. Get in touch with us to discuss how we can work with you to assist your business. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

03.01.2022 Today the Ten X joined our local Willoughby community in donating some much needed supplies for the victims of the bush fires. Although some media are reporting that some unsolicited donations are causing issues for the impacted communities, @willoughbyliving have coordinated the collection to ensure that these donations will reach the people that need them. In many communities supplies of these commodities are in short supply. Our thoughts go out to all those impacted.

02.01.2022 Do you count your stock? You could increase your profit by doing it - learn how with our latest blog post. https://www.tenxadvisors.com.au/the-importance-of-stocktak/

01.01.2022 This quote highlights the importance of understanding cash flow within your business. Revenue is the what you receive from your customers. Although this is cash, this is not the cash that the quote is referring to as reality. Although your venue being busy is a good sign, focusing on this in isolation can lead to issues in the future. Profit is what you have left from revenue after you pay your expenses. Profit is a more reliable indicator of the performance of your busin...ess. By focusing on profit, you ensure that you are generating enough revenue to cover your business costs. Cash as it is referred to in this quote, is cash flow. Having cash available to fund the short-term requirements of your business is essential for it to be successful. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars See more

01.01.2022 Working late trying to get you businesses finances in order? Have you considered engaging an accountant or bookkeeper? Ten X offers a range of services aimed at streamlining your financial processes, meaning you can spend less time on admin and more time focussing on running and growing your business. #sydneycafe #melbournecafe #brisbanecafe #cafe #accountant #bookkeeper #advisor #sydneyrestaurant #melbournerestaurant #brisbanerestaurant #restaurant #bar #sydneybars #melbournebars #brisbanebars

01.01.2022 Supercharge your business with some simple tips. Eliminate distractions & bad customers, get a plan, use tech, deploy marketing and understand your business numbers. Weve got lots more ideas to improve performance - talk to us. www.tenxadvisors.com.au #growthhacks #smallbiz