Knowing your numbers is essential for running a successful business but it seems many allied health business owners are still struggling to learn how to manage their books properly.
To learn more about how to gain more control of the books, I chatted with Allison Joyce, Managing Director of Efficiency Partners, a financial management consulting and education company. The company offers high-level bookkeeping, education and management accounting services for SMEs in a range of industries, but specialises in allied health and medical industries.
Allison founded the company in 2004, when she was working as an accountant and consultant and noticed a large number of SMEs with poor bookkeeping.
Although the company is based on the Sunshine Coast, the team of seven works virtually with business throughout Australia providing “clarity, consistency and confidence”.
Topics covered in this episode:
- When and why Allison founded Efficiency Partners
- Has being a business owner been everything Allison thought it would be?
- What Allison has learned from being a business owner
- Getting a professional bookkeeper for your business can give you more control
- Why are businesses cautious of engaging a bookkeeper?
- What Allison likes about Xero software
- Allison’s thoughts on DIY vs experienced advisor Xero setup
- The best way to engage a bookkeeper
- The future of bookkeeping – working virtually
- Benefits of virtual bookkeepers
- What services Efficiency Partners offers – 3 different packages
- Falling in love with the numbers and what that can do for your business
- What a bookkeeper brings to the mental health of a business owner
- Finding your way with the NDIS
- Allison’s tips on managing your summer cash flow
- Allison’s everyday tips for running a business – regular invoicing and remove paper from your business