Construction For building, renovation, construction and developments — the guide covers all aspects of how to calculate expenses for each project, manage budgets and cash flow, deal with supplies, record new assets and work in progress, manage retentions and progress payments, reimbursements and more.
Consultants It is important for consultants to manage clients’ contacts efficiently, track time and employees’ performance in details. The guide provides information how to set up a client database, record time, create a quotation, print mailing labels, analyse employee productivity, mail reminder letters, claim out-of-pocket expenses, organising petty cash, set up activities list for time billing, write off time, work away from the office and more.
Education/ Training Teachers, colleges, conservatoriums, training providers, childcare centres, tutoring franchise and schools need to able to keep students records, grants received, track bonds, assets and depreciation, hire out equipment, analyse profitability of different divisions and locations, renting out equipment to students, issue refunds, account student subsidies and scholarships, allow for sinking funds and building provision funds.
Health Professionals All types of health practitioners - dentists, acupuncturists, obstetricians, physiotherapists, general practitioners (GP) and others need a detailed patient database, and an efficient billing system. The guide can help you to create appointment reminders, organise your patients into groups, analyse the profitability of individual practices, report for different doctors or cost centres, set different levels of access for different employees, create smart-looking receipts, lump Eftpos and credit card payments together, access your company file from a distance and more.
Hospitality/ Tourism These providers focus on clients needs. This guide provides useful information about accounting for GST on security deposits, creating good-looking invoices and receipts, setting up an un-deposited funds account, adding charges progressively to an invoice, setting up linked accounts, ready for security deposits, transferring money into your bank account, paying suppliers electronically, record wages, managing superannuation, dealing with casual holiday loadings and much more.
Importers/ Exporters Dealing with duty and customs charges, deferred GST liabilities and foreign currency transactions can be a challenge. The guide provides you with practical tips for recording multi-currency transactions: updating foreign currencies, calculating currency rates, trading in more than one currency with a customer or supplier, recording realised gains and losses due to effects of exchange rates on your business, GST liability, transferring funds from a local bank account to a foreign bank account and vice versa.
Manufacturers Cost margins, stock control and product development are central to business success. Manufacturers have to deal with cost of finished goods, calculating overheads and selling at different price levels. The guide covers all these issues and helps to manage stock levels, incorporate freight and the cost of labour into item cost, dealing with damaged and missing stock, calculate average and last stock, sell at different price levels, analyse profit on each stock line, record backorders, create credit notes, set up raw materials, item details and more.
Non-profit Organisations A good bookkeeping system is essential to monitor the funds .The guide explains about: accounting for unused grant money, allowing for sinking funds or building provision funds, allocating lump sum funding evenly throughout the year, creating budgets for different grants, adapting budget templates in Excel, creating income and expenditure reports, reporting on a cash basis, generating custom reports, preparing accounts for your auditor, deciding what GST codes you need, deciding what codes to use and when, analysing income and expenditure for different cost centres and more.
Real Estate By law, estate agents required to be able to, at all times, account for all funds they hold in the trust. The guide explains how to work in conjunction with your trust accounting software, analyse the profitability of your property management division as opposed to your property sales division, analyse advertising expenses for each client, record GST on income and expenses, record commissions, valuations, billing of advertising to another agency, report on payroll expenses, calculating the commission component in holiday pay, analyse payroll percentages, produce both budgets and cash flows and more.
Service Businesses Service income is primarily composed of labour charges. The guide provides information how to control your payroll cost, organise employees and subcontractors, create a quotation, turn quotes into sales, collect money faster with BPAY and POSTbillpay, maintain independent customer database, split customers into groups, record invoices, analyse profitability of departments and courses, create accounts list, setting up opening balances.
Tradespeople Carpenters, electricians, decorators, tilers, bricklayers, plumbers, roofers, sanders and others can find it hard to combine their duties with keeping records of their income and expenses. The insight guide explains about recording subcontractor payments, income and expenses, payroll for the building industry, tracking voluntary withholding tax, estimating personal tax, creating new items for services, importing customer payments, buying new gear (where to allocate the purchase of new tools) depending on whether you belong to the Simplified Tax System, and much more.
Wholesalers Wholesalers often deal with salesperson commissions, inventory in multiple locations and mixture of taxable and non-taxable items. The guide helps you in setting up salespeople, tracking salesperson performance, generating commission reports creating sales, providing different payment options for your customers, processing sales orders and finalising sales, setting automatic re-order levels, planning delivery runs, dealing with petty cash, budgeting for tax and much more.
Retailers need efficient point-of-sale and stock management systems. The guide assists you with entering sales quickly, entering lay-bys, gift vouchers, quotes, sales orders, setting security, choosing to use a blind cash up system or printing a till balance sheet before cashing up, recording financial information, completing business activity statements, managing stock, networking your shops and more.
Farmers Unlike other businesses farmers need to generate livestock reports, track fuel subsidies and keep primary production accounts separate from non-primary production. The insight guide helps to record rebates and subsidies, monitor truck and vehicle expenses, adjust for abattoir or yard fees, pay employees on bin rates or piece rates, allow for zone rebates and different tax scales, manage depreciation and loan repayments, claim GST on hire purchase, record transactions if you are not registered for GST.
Clubs Clubs and members organisations must meet specific requirements due to high accountability to their members. This guide helps to create member accounts, keep track on renewal dates, communicate with members, report on fundraising activities, sponsorship income, track the referral source for donations, record grants, analyse financials for different cost centres, create budgets and more.