We can help ensure all employees are correctly classified as full-time, part-time, or casual, and verify the correct application of award rates and entitlements.
Ensure Compliance and Accuracy With A
Payroll Audit
In recent years there has been greater scrutiny by the Fair Work Ombudsman and Federal and State governments on ensuring organisations are fairly compensating employees and on the accuracy of records that are maintained. Penalties for underpayment of staff have become increasingly severe to highlight the need to be transparent and fair. More and more not-for-profit organisations are choosing to have an independent payroll audit to ensure compliance.
Industries and sectors which have a higher proportion of casual staff or shift workers appear to be at a greater risk of falling foul of the regulations. These include hospitality, retail, manufacturing and healthcare.
Managing payroll can be a daunting task for any organisation, especially not-for-profit entities. Ensuring that your payroll processes are accurate and compliant with the latest regulations is crucial for maintaining the financial health and reputation of your organisation.
At MGI South Queensland, we offer comprehensive Payroll Audit Services designed to help you identify and rectify any discrepancies, ensuring your payroll system operates smoothly and effectively.
Why is a Payroll Audit Necessary?
Payroll audits are highly recommended for medium and large organisations, particularly if you have any concerns about your payroll process. Engaging an independent third party to do an audit can help ensure:
- Compliance with Regulations: Australian payroll regulations are complex and ever-changing. A payroll audit ensures your business complies with all relevant laws, including pay rates in relation to applicable awards and pay scales, tax obligations, superannuation contributions, and Fair Work regulations.
- Accuracy in Payments: Inaccurate payroll can lead to overpayments or underpayments, which can cause financial strain and employee dissatisfaction. An audit helps identify and correct these errors.
- Prevention of Fraud: Regular audits can uncover fraudulent activities or errors in the payroll process, safeguarding your business against potential financial losses.
- Efficiency and Best Practices: Audits provide insights into your current payroll processes, helping you streamline operations and adopt best practices for efficiency.
How we can help
Employee Classification
Review of Payment Calculations
We’ll check wage rates, overtime, bonuses, and other payment calculations for accuracy and verify that superannuation contributions are calculated correctly and paid on time.
Payroll Compliance Check
We'll verifying that your payroll complies with Australian employment laws, tax regulations, and superannuation requirements.
Analysis of Payroll Processes
We can evaluate the efficiency and effectiveness of your current payroll processes and systems including the controls in place within your payroll system to prevent errors and unauthorised access.
Detection of Errors and Irregularities
We can help to identify any discrepancies, errors, or potential fraudulent activities within your payroll.
Documentation and Record-Keeping
We'll verifying that all payroll records are complete, accurate, and stored in compliance with legal requirements.
Partner with MGI South Qld for a professional payroll audit that brings peace of mind and confidence in your payroll processes. Our team of experts is dedicated to helping businesses navigate the complexities of payroll management. Contact us today to schedule your payroll audit and ensure your business remains compliant, accurate, and efficient.
Audits of Not For Profit Organisations
Maintaining transparency, integrity and accountability are paramount for most NFP organisations in Australia and that’s where you need the support of not for profit audit specialists. MGI South Queensland are Not For Profit accounting specialists who can provide just that.
We understand the many challenges of running a nonprofit organisation. Alongside the need to raise funds and the frequently changing regulatory landscape, you need to ensure you are fulfilling your legal requirements. Audit requirements of not for profit organisations may vary depending on the size and type of your NFP. You need an auditing firm who not only understand the specific and rigorous audit process but add value to your organisation.
While most not for profit organisations are set up to support a cause rather than make a profit, regardless of your annual revenue, if you are grant funded you may be required to have your accounts audited annually by a registered company auditor.
However, even if you’re not legally required to undertake an independent audit, your nonprofit may benefit from an external review. Among the key benefits are:
- ensuring you’re not exposing yourselves to undue risk
- ensuring your organisational controls are robust
- ensuring you’re adopting best practice accounting process and practices
The audit and assurance team at MGI have a specialist expertise in not for profit audits having worked with numerous organisations across multiple sectors including health, aged care, religious organisations and surf life saving clubs. As independent auditors we will review your financial records and not only ensure compliance but offer insights into potential efficiencies.
ACNC NonProfit Audit Requirements
Not for profit and charitable organisations have a unique set of reporting requirements placed upon them including preparing financial statements that comply with Australian Accounting Standards.
As part of the reporting obligations to the Australian Charities and Not-for-profits Commission (ACNC), some charities must submit financial reports that have either been reviewed or audited.
Medium charities are required to submit financial reports that have either been reviewed or audited. Large charities must submit audited financial reports.
If you are unsure about the audit requirements for your organisation contact us to discuss your setup.
Not For Profit Audit Specialists
Whether you need help with preparing your monthly or annual financial reports or you need an audit completed, the not for profit accounting specialists and audit experts at MGI South Queensland are here to help.
We work with not-for-profits and charities in sectors such as:
- Health
- Aged Care
- Religious Organisations
- Surf Life Saving Clubs
- Education, Training and Apprenticeships
- Social Welfare
- Non-Government Organisations
- Professional Associations
We can help you with:
- Understanding the specific tax obligations and exemptions in the NFP sector, including FBT, GST, stamp duty and income tax
- External audits of your NFP / charity under ACNC, Corporations Act or Incorporations Act legislation
- Choosing the right legal structure for your organisation
- Internal audits and ad hoc internal control reviews
- Corporate governance advice
- Financial forecasting and budgeting
- Risk management
Business Advisory For Queensland Enterprises Targeting Growth & Profitability
Running a business means you have to be ‘expert’ at so many things on a daily basis: everything from HR to IT. So how are you supposed to find time for developing your business strategy that is actually going to help you grow and thrive? This is where MGI’s Queensland Business Advisory Services can be the best partner to have in your corner.
We’re so much more than just accountants. As a full service accounting firm we have business advisory specialists across Queensland on hand to help you navigate all the challenges of growing your business. Our outsourced CFO can bring the expertise of a chief financial officer offering specialist face to face support on-demand to help guide you through complex business decisions as they arise. And our business coaching experts can help you with everything from exploring business funding options to wealth management, business growth strategies and succession planning.
Whatever stage of business you’re in, whether you’re an entrepreneur looking to take your new venture to the next level, a stable enterprise looking to accelerate your growth or an established company with a proud history looking to develop an exit strategy, talk to our business advisors today and let us help you navigate the challenges of successful business management.
We’re the Business Advisor Brisbane and Gold Coast businesses trust to help them to grow and succeed.
Specialist Local Business Advisors Ready To Offer Support
Business Advisor Brisbane
Customised Brisbane business advisory services that are designed to meet the needs of your business at every stage of development.
Business Advisor Gold Coast
Specialist Gold Coast business advisors ready to unlock your business potential with expert guidance and support.
The Business Advisory Accounting Firm Who Do Things Differently
Trusted business advice designed to help you achieve your objectives
If you’re ready to take your business from surviving to thriving, our business advisory team team would love to learn more about your business. Our specialist business advisors can help you:
Develop a strategic plan
We'll help you build the roadmap to ensure your business achieves it's growth potential.
Business funding support
Let us help you attract the investment you need. We’ll determine what business funding is required and the most appropriate avenue to source it.
Make sense of reporting
Understand how well your business is really tracking and how this compares to industry benchmarks.
Access strong financial stewardship
Our external CFO advisory services allow you to access guidance from an experienced CFO as and when you need it.
Identify opportunities to maximise profit and business value
We’ll work with you to identify the top opportunities to grow the profitability and value of your business.
Improve your bottom-line
Strong financial leadership will help to drive savings and grow profitability - all of which will positively impact your bottom line.
Let MGI's Business Advisors Take The Pain Out Of
Business Succession Planning
Managing the transition of a business from one generation to the next is something most business owners put low on the list of priorities. With so many of the day to day tasks associated with managing your business to juggle, succession planning i.e. how and who you will hand it over to is often assigned to the ‘too difficult’ basket.
Unfortunately the trigger for succession planning to happen in many businesses is usually an unforeseen set of circumstances such as an illness or the death of a key leader within the business. This is when an already emotional situation can lead to disputes, challenges and a more stressful scenario than there actually needs to be.
At MGI we have a team of business advisors and consultants who are highly skilled and experienced in helping you navigate planning the future of your business without you at the helm. We have helped so many businesses plan the transition of its leadership, whether it be within a family or through a business sale.
There is a plethora of important considerations when it comes to exit planning and business succession planning including the key roles and key positions in the business, how the business is structured for tax purposes, the legal implications, financial plans, equity or asset sale, and estate planning.
MGI’s succession planning services will help you plan the future of your business in a calm and considered way. We will help you develop an exit plan that gives you peace of mind about the long term stability of value of the business you have invested so much effort in building.
An Effective Succession Plan To Give You Peace of Mind
The long-term success and sustainability of a business takes careful thought and planning and investing in effective succession planning will alleviate longer term stress. The added benefit to this is that the very actions taken in the succession planning process are often the same actions that will improve the performance of the business. For example, by empowering senior leaders within the business, the business owners can spend more time working on the business, rather than in it.
Having potentially difficult conversations now with family members can help you avoid knee jerk reactions when the pressure is on to hand over the reins which can often lead to family disputes.
It also allows you to sensitively manage the emotional aspects of the process. Taking account of the human side of the succession planning and having a process to deal with it is critical to your exit strategy and the effectiveness of the final plans.
Creating an effective plan may seem quite a daunting task, especially when it involves getting the buy-in of all stakeholders but if you break it down into bite sized chunks and set realistic deadlines for yourself, it can prove to be one of the most valuable exercises you will undertake for your business.
Succession Planning Services We Can Help With:
- Business Valuations
- Business Sales Support
- Succession Plan Development & Implementation
- Tax Planning and Structuring
- Superannuation
- Wealth Management
- Business Planning
The Benefits Of Early Succession Planning
Realisation of Business Value
A well-planned succession strategy can help ensuring the value of the business is fully unlocked for the current owners, who often rely on exiting from the business in order to fully fund retirement or another business venture.
Smooth transition
A well-planned succession strategy can help ensure a smooth transition of leadership, which can prevent disruptions in the business' operations, maintain business continuity, and minimise the risk of loss of customers, revenue, and market share.
Retention of business knowledge
An effective succession plan can help retain the collective experience, skills, and expertise of key personnel, by transferring it to the new leaders. This can help maintain consistency, improve decision-making, and reduce training costs and ‘down-time’.
Talent development
Succession planning can also be used as a tool to identify and develop high-potential employees who can fill key leadership positions in the future. This can help motivate and retain top talent, improve employee engagement and loyalty, and create a culture of excellence.
Risk management
A well-executed succession plan can help mitigate risks associated with the loss of key personnel, including the loss of intellectual property, customer relationships, and reputation. It can also help reduce the impact of external factors, such as economic downturns or industry changes.
Financial stability
A successful succession plan can help ensure the financial stability of the business by providing a clear path for future growth and profitability. This can help attract and retain investors, secure loans, and maintain a competitive edge in the marketplace.
Tax Effective Self Managed Super Funds Strategies
For many of us, superannuation is one of our biggest long-term investments so it makes sense to invest in sound advice. Our SMSF accountants in Brisbane and on the Gold Coast can provide exactly what you need to establish and run a self-managed superannuation fund.
At MGI South Queensland, we take the stress out of important questions like, how much super is enough? We’ll guide you through tax-effective super strategies and make sure you are financially prepared for retirement.
Do you have the right superannuation strategy to achieve your retirement goals?
Let our specialist SMSF accountants in Brisbane guide you through developing an effective super strategy. Book an obligation-free consultation today to review how your superannuation is performing and strategies you can adopt for improvement. Conditions apply.
Our SMSF accountants can support you with:
01. Establishing an SMSF
02. Commencing a pension: account-based and transition to retirement
03. Contributions: concessional, non-concessional and in-specie
04. Rollover of existing superannuation structures
05. Limited recourse borrowing arrangements
06. Winding up SMSFs
07. Analysis of clients’ investor risk profile
08. Asset class investment strategy
How our SMSF accountants can help
Plan for retirement
We’ll help you to identify your goals for retirement and then build the right team of advisors to achieve this.
Determine your super strategy
We’ll help you establish a superannuation strategy and keep these goals front of mind throughout your working life.
Set up and manage a SMSF
SMSFs are an increasingly popular option for many Australians. We’ll help you assess the advantages and then manage the minefield of rules and regulations.
Build your super through reducing the tax you pay
A number of tax-effective strategies will help you improve your super return. We make sure you’re taking advantage of these opportunities.
Review ongoing performance
The performance of your superannuation will depend on how you’ve invested your money. We can refer you to a trusted financial planner who can make recommendations.
Let Us Help You With
Business Performance Analysis
Business benchmarking is a method of business performance analysis that shows how well your business is tracking compared to other businesses in your industry.
Too often, business owners rely on revenue or profitability as the ultimate measure of their success — but there are many other factors at play within your business. MGI’s business benchmarking service gives you a better understanding of your business performance.
We offer a free financial health check which will help you to understand how your business is performing in key areas including profitability, liquidity, working capital, asset usage, efficiency, cash management, gearing and profitability. It will help identify potential red flags and what you need to do to significantly improve your financial performance.
With a team of business growth experts in Brisbane and on the Gold Coast, we can help you benchmark against competitors in your industry and conduct a financial health check on your business today to give you the best chance of growing your business and outperforming others in your industry.
Whatever industry you work in from small business, construction, hospitality, medical and dental to manufacturing, our growth advisors can help you.
How do we establish a business benchmark?
- Financial health assessment with scorecard
- Financial strategies to drive performance improvement
- Non-financial KPIs to drive financial performance
- Industry business benchmarking and reports
How business benchmarking can help
Understand the financial drivers of your business
We’ll help you to understand what is driving the financial success of your business and how to increase it.
Benchmark your performance against competitors
How does your performance compare against competitors in the same industry? We’ll help you find out.
Uncover opportunities to increase the value of your business
We’ll help you identify the best strategies to drive profit and increase the value of your business.
Identify and address key areas of concern
Understand areas of under-performance in your business and how you can eliminate these.
About
Wealth Management Services
Sometimes, when you’re so involved in growing your business, it can be difficult to find the time to attend to your personal finances. Yet decisions you make each day can significantly impact your long term personal wealth. As a business owner, you have the added risk of potentially losing personal assets should anything go wrong. Getting the right financial advice covering estate planning, asset protection and superannuation is crucial. This is where MGI’s wealth management services can help you to develop a plan that includes setting goals.
Having the support of an expert wealth management consultant can give you peace of mind when making significant business decisions. At MGI South Queensland, we help you to manage your personal wealth so you can be free to focus on growing your business. With a wealth management consultant available today in Brisbane and on the Gold Coast, we will help you protect your assets and build your wealth portfolio.
Our wealth management consultant can help you with:
- Tax planning and structuring strategies
- Asset protection
- Retirement and estate planning advice
- Superannuation advice and planning
How we can help
Protect your assets
We’ll help you structure your assets to minimise tax and your exposure to creditors.
Protect your family wealth
We can help protect your assets from potential family disputes and ensure your loved ones are provided for as you intended.
Prepare for retirement
We’ll help you structure your superannuation to preserve your wealth for longer. Are your assets protected from potential creditors or family disputes? Book an obligation-free consultation today with an MGI wealth expert to discuss asset protection strategies.
Build your wealth portfolio
We’ll help you build your wealth and free up cash for other investments.
Helping you develop
Month End Management Reports
Do you need support with end of month reconciliations of your balance sheet and profit and loss accounts, to ensure the accuracy of data being included in your monthly reporting?
Month end reporting is no longer just about the financial statements. To enable you to make the best business decisions and to support you with budgeting and forecasting, we are able to analyse and report on a wide variety of real time data including operational information to produce management reports that are insightful, practical and useful.
Our month end reconciliation support can provide as much or as little support as you require – from higher level oversight through to full month end processing and reconciliations. Among the reports we can assist with are:
- Income statement
- Balance sheet
- Cash flow statement
- Labour efficiency
- Inventory management
- Debtors / creditors
We can provide a detailed working paper of all reconciliations, raising any queries and communicating any results to your management team and/or Board.
Other CFO Services We Can Help With
- Budgeting and forecasting
- Monthly reporting
- Preparation of monthly management accounts
- Improving business processes and internal controls
- Cash flow management
- Advisory services to CEOs and boards
- Risk minimisation
- Changing Accounting Software
- Business, Property & Other Asset Valuations
Are you getting the right financial support and insights for your business?
Book a complimentary consultation with one of our Financial Directors today.
How well is your business really tracking?
Download our guide on the key performance metrics you really need to be monitoring.
Specialist Business Coaching and Mentoring Can Help Your Business Thrive
Building a high growth business is one of the most exciting, but also risky, stages in a business lifecycle. At MGI South Qld, our business coaching and mentoring services are designed to elevate your business and help you achieve long-term success. Whether you’re a start-up or a seasoned business, partnering with a business coach can provide the insights and strategies you need to overcome challenges, grow your business, and reach your goals.
We will help you to kick your business goals by capitalising on opportunities and avoiding common business growth pitfalls. Helping you and your business to reach your full potential is something that we thrive on! And we’re pretty good at it too. Our business coaching and mentoring services don’t just help businesses who are struggling. They are also there to help take your business to the next level. In fact, most successful businesses recognise that working with highly experienced business coach gives them an edge over their competitors. How do we do this?
- We take the time to understand your business from the inside out.
- We perform a thorough analysis of your current business metrics.
- We ask the questions that you may not have considered.
- We help you to clarify your business vision.
- We work with you to set specific goals and put an action plan in place to grow your business.
- We help you develop your business strategy.
- We keep you accountable in delivering the actions that we agree on.
Unlock Your Potential With An Expert Business Coach
In our many years’ experience business coaching and mentoring, small business owners frequently tell us that our process helps them achieve those lightbulb moments! We have worked with so many South East Queensland businesses and we know we could help you achieve business success too.
Our business coaching service is a bespoke mentoring program developed to address each client’s specific needs. If you are embarking on an imminent and significant growth project you may benefit from one-to-one coaching sessions at regular monthly intervals. Other clients are feeling overwhelmed and looking for the confidence that comes with a quarterly or bi-annual review with an experienced business growth consultant.
We deliver private and public coaching programs to businesses across a range of industries including manufacturing, wholesale, retail, tourism and leisure, education and training and health.
Specialist Local Business Coaches Ready To Offer Support
Business Coach Brisbane
Find out why we’re the business coach Brisbane entrepreneurs trust to help them grow their business successfully and profitably.
Business Coach Gold Coast
Work with a Gold Coast Business Coach who will help unlock your business potential and achieve sustainable success.
Small Business Coaching To Mentor & Guide You
Business coaching support can make the difference between your business surviving or thriving. Whether you’re looking for a small business coach in Brisbane or on the Gold Coast, we have an expert ready to help take your business to the next level.
Have confidence that there’s someone in your corner listening to your ideas, asking the tough questions and helping you to explore all the opportunities.
One-to-one business coaching will keep you accountable for focusing your attention where it matters most, on the growth of your business.
As a business owner you will be pulled in many different directions and have many different priorities. Working with an MGI business coach will help:
- Keep you focused on working on your business not in it
- Provide a professional to bounce ideas off and provide insights
- Make sure you take full advantage of all business growth opportunities
Our business coaching clients say that working with our business growth coach filled them with confidence when taking on uncharted territory.
If you’re looking for a small business coach who understands all the challenges of not only managing the day to day logistics of running a business but also helps you navigate the long term plans for your company, give the team at MGI South Queensland a call.
How a small business coach can help you
Know how well your business is really tracking
Understand the financial drivers of your business and how to improve your performance
Keeping you accountable
As a business owner, you’ll be balancing many competing priorities. We’ll keep you accountable and focused on your strategic goals.
Clarify your vision
We’ll help you to develop a compelling purpose and vision that clearly articulates why you exist.
Identify opportunities to maximise profit and business value
We’ll work with you to identify the top opportunities to grow the profitability and value of your business.
Avoid the perils of growing too fast
A high-growth business can be in dangerous territory, especially if they don’t have available cash flow to fund their growth. It helps to have someone looking ahead to your future needs.
Growth through acquisition
Make sure you go into an acquisition with your eyes wide open, knowing exactly what you’ve purchased and that you’ve paid the right price.
Business Coaching Support We Offer
Business Benchmarking & Assessment
Strategic planning
Business Growth Support
Business Funding Support
Business Valuation and Acquisition advice
Wealth Management
Business Benchmarking & Assessment
Business Benchmarking & Assessment
A financial health assessment will help you to understand how your business is performing in key areas including profitability, liquidity, working capital, asset usage, efficiency, cash management, gearing and profitability. As a business benchmarking tool it will help you to:
- Determine your business value
- Uncover potential red flags to sustainable business growth
- Develop strategies to improve performance and business growth
If you don’t know the best strategy to achieve sustainable business growth in your business contact our business coaching team today.
Strategic planning
Strategic Planning
Ninety per cent of businesses with a growth rate of less than 5% have no documented and communicated strategic plan (MGI My Catalyst).
Clearly a failure to document a plan is holding businesses back from achieving their growth potential. Some of the biggest hesitations we hear are we don’t have time for a strategic plan, our business environment is changing too fast, and most business plans just sit in a draw anyhow. But if you don’t have a plan how do you know what route will get you to where you want to be. Our strategic planning sessions will:
- Identify where your business is now, where it wants to be and the best route to get there
- Guide your executive team to identify strategic priorities and growth opportunities
- Develop a one page plan that identifies key actions and accountability
Looking for help with strategic planning? Call our business coaching team today.
Business Growth Support
Business Growth Support
There is often more than one way to fund business growth. We support you to achieve your funding goals by:
- Reviewing all funding opportunities and perusing the best options for your business
- Developing your funding pitch
- Liaising with banks and other investors to support your funding application
Many businesses go straight to the bank to fund their next growth opportunity. Often however, there is a better opportunity that gets overlooked. Speak to our team today about how to fund your next business growth project.
Business Funding Support
Business Funding Support
From undertaking cash flow analysis to help you determine your current and future business capital needs to developing strategies to help you become a more appealing funding prospect to banks and other potential investors, MGI South Queensland can help you attract the investment you need. We’ll help you determine what business funding is required and the most appropriate avenue to source it.
Business Valuation and Acquisition advice
Business Valuation and Acquisition advice
Acquisition can be a successful growth strategy but if you don’t do your homework it can also create more headaches than it’s worth. Set yourself up for success by understanding more about business valuation and acquisition. Speak to our team to make sure you understand:
- The true value of the business you are acquiring
- Any underlying risks or concerns
- Strategies to incentivize all parties to invest in a successful acquisition.
Wealth Management
Wealth Management
As a business owner, you have the added risk of potentially losing personal assets should anything go wrong. Having the support of an expert wealth management consultant can give you peace of mind when making significant business decisions.
Frequently Asked Questions About Business Coaching Services
Yes, business coaching services are an investment in your long-term success. A professional business coach provides objective advice, accountability and expert guidance that can help you identify blind spots, strengthen leadership skills and improve profitability. For many business owners, the return on investment comes through better decision-making, stronger teams and measurable business growth.
A business coach works closely with business owners and leaders to clarify goals, improve performance and overcome challenges. They provide structured strategies and practical support to help you achieve both your short- and long-term objectives. This could include anything from improving cash flow and operations to leadership development and succession planning.
Business coaching and mentoring benefit businesses of all sizes and stages—from start-ups looking for direction to established companies seeking to scale or improve profitability. Coaching can be especially valuable for growing businesses facing complex decisions, leadership transitions or competitive pressures.
While both provide valuable guidance, a business coach typically focuses on specific goals, systems and measurable outcomes, often using structured frameworks to drive results. A mentor, on the other hand, draws on their personal experience to provide informal advice and encouragement. Coaching is generally more performance-focused, whereas mentoring is relationship-focused.
A business coach can help with strategic planning, goal setting, financial performance, leadership skills, team development, time management and accountability. They work with you to identify opportunities for improvement and implement clear, actionable steps to drive sustainable business growth.
A good business coach or mentor combines practical business experience with strong communication and analytical skills. They should be able to listen carefully, ask insightful questions and provide honest feedback. The best coaches act as trusted partners — challenging your thinking, keeping you accountable and supporting your personal and professional growth.
When choosing a business coach, ask about their background, coaching style and experience with businesses similar to yours. You might also ask how they measure success, what their coaching process looks like and what kind of commitment is expected from you. Finding a coach whose values and communication style align with yours is key to building a productive relationship.
The benefits of business coaching often include improved clarity, stronger decision-making, better financial results and more confident leadership. Coaching can also help streamline operations, enhance team performance and boost overall business value. Many business owners find that having an experienced coach provides the focus and motivation needed to achieve goals faster.
Develop a Business Plan With Our Budgeting and Forecasting Services
Every successful business or organisation needs a plan or as the saying goes “fail to plan you plan to fail”
Business planning is so crucial in every organisation especially in these extra-ordinary times where business leaders are having to make difficult decisions daily.
Business budgeting and forecasting and creating your organisation’s budget become the “numbers” to your plan, supporting your strategic goals and the direction for the year of years ahead.
Every business no matter how small should be relying on their forecasts and budgets to make their business decisions. Cash flow forecasts allow you to have a good handle on what’s ahead in terms of cash. Having these reports and using them to measure your actual performance and position each month allows you to make better decisions as the “captain” of your business.
At MGI we go alongside our clients to support their business/organization in creating forecasts and budgets. This allows our clients to have targets that they can track their progress and are then able to pivot or chart a slightly different course to maximise opportunities and minimize threats to their business.
How do we do this?
We align ourselves with your finance team and/or leadership and work with you in building their forecasts and budgets.
We do this in a number of ways either by working with you to review and update what you may have already started or by holding workshops with your team to develop and/or revamp your budgets.
We have developed budgets for our SME clients to our large not for profits. No business is too small to have a budget or forecast.
Call us and book a complimentary consultation on how we may be able to help your business create your map to navigate your business.
Other CFO Services We Can Help With
- Budgeting and forecasting
- Monthly reporting
- Preparation of monthly management accounts
- Improving business processes and internal controls
- Cash flow management
- Advisory services to CEOs and boards
- Risk minimisation
- Changing Accounting Software
- Business, Property & Other Asset Valuations
Are you getting the right financial support and insights for your business?
Book a complimentary consultation with one of our Financial Directors today.
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MGI South Qld is one of the leading Brisbane accounting firms. Our team of business accountants, auditors and advisors support organisations across South East Qld including the Gold Coast, Sunshine Coast, the Darlings Downs and Wide Bay & Burnett region.
MGI refers to one or more of the independent member firms of the MGI international alliance of independent auditing, accounting and consulting firms. Each MGI firm in Australasia is a separate legal entity and has no liability for another Australasian or international member’s acts or omissions. MGI is a brand name for the MGI Australasian network and for each of the MGI member firms worldwide. Liability limited by a scheme approved under Professional Standards Legislation.
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