Accounting On Purpose
Justin Hogg from Right Source provides a guide to all things accounting in Australia. Not just crunching numbers, accounting is about relationships.
Accounting On Purpose
Have you proceduralised?
Do you feel overwhelmed when you think about how to systemize your small business? You’re not alone! Figuring out your business procedure after business procedure and turning them into some type of documentation is a bit of an area a lot of business operators avoid. It’s not the most fun task but it IS important!
Creating systems and processes for small business can be the difference between selling your business for the price you want and not selling it at all! When you create systems and processes, you essentially create a machine that can operate without you - which is what the buyer of your company will need and want.
Not only that but if you can learn how to systemise your business, you begin to create a culture where it’s easier for new staff to learn how and why to do things without needing the input of a person every time (which costs you money!)
Business systems are vital in the profitability of your business to pull yourself out of the famine and feast cycle and into something more sustainable, repeatable and therefore predictable. So, come along with me as I walk you through the process for creating small business systems and processes.
Connect with me on LinkedIn or visit our website rightsource.com.au
Visit the downloads page to access accounting spreadsheets, templates and budgets.
If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.
Right Source Empowering Your Purpose Is Ours.