virtual financial director

Money in, money out. Cash flow is important.

Do you really want to be sitting there day in, day out, cash flow modelling what’s coming in and what’s going out on your spreadsheet?

Xero gives you the tools to see how your business is performing right now, in real-time, without having to slowly and methodically add everything to a spreadsheet. It works directly with your bank, so you can be confident the figures you are seeing are accurate.

In addition, you can project your cash flow forward and model what the situation will be in many months’ time, so you can plan for future investments and purchases and know when your cash flow is expected to spike or trough.

At Essendon Accounts & Tax, our team are all highly experienced with the different aspects of Xero and can help you with your cash flow modelling needs.

Important for your business success

Do you know which of your customers pay you the most? Do you know how much your spending on marketing? Good data analysis is a must.

Data analysis is a hugely important task for any business owner. Knowing who your key customers are and understanding how to minimise your cost centres keeps your financial resources in check and your business healthy.

Xero has great data analysis tools built in so you can immediately see the health of your business and discover ways to improve the situation should an issue occur.

At Essendon Accounts & Tax, our team are all highly experienced with the different aspects of Xero and can help you with your data analysis needs.

Essendon Accounts & Tax offers an opportunity for directors who own their own company to make both their own and the company’s tax affairs efficient.

Often what can benefit the company can increase the director’s personal tax liability and vice versa. By undertaking a high level review Essendon is able to identify potential tax savings for both the directors, their company and balance the relief’s to obtain the most tax efficient solution.

This is undertaken by examining the current directors’ remuneration structure, their individual and company requirements. This information is then used to provide recommendations to ensure maximum tax efficiency.