Leading Edge Accountants

Leading Edge Accountants Leading Edge Accountants is a business advisory and accounting firm that manages the growth of start-

HOW DO YOU MANAGE LATE PAYING CUSTOMERS? Collecting payment from customers can be a delicate operation.Chasing outstandi...
21/11/2019

HOW DO YOU MANAGE LATE PAYING CUSTOMERS?

Collecting payment from customers can be a delicate operation.

Chasing outstanding debts is unpleasant but the longer you leave it, the less chance you have of recovering them.

Sometimes it can be a matter of judgment between getting your money while you can and helping a struggling customer who may turn into a valuable and major customer during the next upswing.

If your debt collection tactics are firm but fair, your customers will respect that.

Got a question? ⁠
☛ Tag us

Every. Single. Time. 🤦🏼‍♀️In need of a business Health Check?We hear you.Call our LeadingEdge team today or speak to our...
20/11/2019

Every. Single. Time. 🤦🏼‍♀️

In need of a business Health Check?
We hear you.

Call our LeadingEdge team today or speak to our Startup Advisory Service and get ahead of the pack in 2020
⁠
8214 8088
www.leadingedgeaccountants.com.au

QUESTION: HOW CAN I BETTER MANAGE MY TIME AS A SMALL BUSINESS OWNER?⏰⁠Your time is a precious commodity. It’s your one n...
18/11/2019

QUESTION: HOW CAN I BETTER MANAGE MY TIME AS A SMALL BUSINESS OWNER?⏰⁠

Your time is a precious commodity. It’s your one nonrenewable resource, and it’s something that you can’t get back. We say time is money. We invest, save, protect, spend, audit, give, squander, waste, and budget our time.⁠
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It’s unsurprising that time management ranks as one of the biggest challenges in the modern workplace. To maximize efficiency at work, you need to be hard-nosed with your time.⁠
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Our HOT TIP?⁠
DO A CALENDAR CLEANSE!📆⁠
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Clean your calendar of everything that does not move the needle on your business and your life✅⁠

The key is learning to schedule tasks preemptively, set expectations, and find structured and creative ways to solve your money-making roadblocks.⁠
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Got a question? ⁠
☛ Tag us

How important is it to discuss your financial situation with your accountant?Survival and success is much easier if you ...
17/11/2019

How important is it to discuss your financial situation with your accountant?

Survival and success is much easier if you have an accountant who understands your business and can provide ideas and expertise where and when needed👋🏼

The most successful business owners turn to expert help when they need it because they realise most small business owners aren't financial experts.

If your business is under financial stress, then now is the time to seek assistance.

Make the decision to appoint an expert accountant. If it's a choice between your business failing and giving up some control, then you know what the best option is.

STILL STRUGGLING TO GROW YOUR SMALL BUSINESS?Here's our TOP 3 TIPS for growing on a budget:1️⃣ Spend some time analysing...
13/11/2019

STILL STRUGGLING TO GROW YOUR SMALL BUSINESS?

Here's our TOP 3 TIPS for growing on a budget:

1️⃣ Spend some time analysing where your sales have traditionally come from and what is blocking more sales from these sources.

2️⃣ Meet with your accountant 👋🏼and get his or her input. Hold an emergency meeting with staff or other stakeholders (such as suppliers) to plan what other markets you can target. Identify where you can diversify.

3️⃣ Consider forming joint ventures with other businesses or developing new distribution channels.

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In need of a business Health Check?
We hear you.
Call our LeadingEdge team today or speak to our Startup Advisory Service and get ahead of the pack in 2020
⁠
8214 8088
www.leadingedgeaccountants.com.au

QUESTION❓HOW DO I INCREASE MY SALES?⁠⁠It's the question we all want to know... how, how, HOW do I increase my sales?🤷🏼‍♂...
11/11/2019

QUESTION❓HOW DO I INCREASE MY SALES?⁠
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It's the question we all want to know... how, how, HOW do I increase my sales?🤷🏼‍♂️Expanding your share of the giant market pie can get a whole lot easier when you follow these three simple rules for growth...⁠
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1️⃣ Define your mission and make sure it includes helping people>>⁠
Regularly remind yourself of your mission, who you serve, and why your customers matter. ⁠
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2️⃣ Know your stats >>⁠
Analyze your business and commit to improving one KPI over twelve weeks.⁠
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3️⃣ Have fun>>⁠
Somewhere along the way to building our empire, we often lose sight of the reason why we started. Revisit your purpose. Shake things up and if your business has lost its financial mojo, engage a professional to help you find it again (hit the link in our bio to find out more)⬆️⁠
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Now taking bookings for our START-UP ADVISORY SERVICE - everything you need to know to get ahead of the pack in 2020
Call or email for details⁠

[email protected]
8214 8088⁠

www.leadingedgeaccountants.com.au

FRIYAY HOT TIP🔥It’s important to ensure you have enough working capital to keep your business operational until you're a...
08/11/2019

FRIYAY HOT TIP🔥

It’s important to ensure you have enough working capital to keep your business operational until you're able to run at a profit.

Once your business is profitable, you’ll need to manage your borrowings and loans carefully. It’ll usually be in your best interest to limit your drawings from the business and focus on reducing loans and debts. Start with those that carry the highest interest (or other) charges.

The size and age of your creditors’ book have important implications for your business cash flow and should be something you monitor regularly to avoid any nasty surprises.

In need of a business Health Check?

We look forward to hearing from you.

Call our LeadingEdge team today or speak to our Startup Advisory Service ⬇️
⁠
b) 8214 8088

w) www.leadingedgeaccountants.com.au

Are you utilising the power of forward orders? And how do you brand yourself in business so that you stand out from the ...
06/11/2019

Are you utilising the power of forward orders? And how do you brand yourself in business so that you stand out from the startup crowd?🤷🏼‍♀️

We all know having cash reserves is important in business, but when you're a start-up, just how do you make that happen?

When it comes to your reserves, a three-month buffer will give you some breathing space and time to make alternative plans if things go a little pear-shaped.

If you don't have enough sales coming in to cover costs and you have no reserves, then it's time to raise some additional cash.

You may need to consider using your own personal savings, borrowing more against property or selling any spare assets to generate some cash.

So, what's a small business to do?

1️⃣Consider selling some assets. Raise as much money as you can to extend the life of your business such as by selling any assets you don't need or old stock that isn't moving

2️⃣Control costs as much as possible. Look at your top five expenses. This is where it may be easiest to make the most savings.

3️⃣Try to put as much money back into the business as you can to keep it afloat.

In need of a business Health Check?
We hear you.
Call our LeadingEdge team today or speak to our Startup Advisory Service and get ahead of the pack in 2020
⁠
8214 8088
www.leadingedgeaccountants.com.au

A word from our Founder on operating a business as a sole-director company⬇️You may consider a sole-director proprietary...
06/11/2019

A word from our Founder on operating a business as a sole-director company⬇️

You may consider a sole-director proprietary company structure when starting or growing your business. A company is a separate legal entity, unlike a sole trader or a partnership structure. This means the company has the same rights as a natural person and can incur debt, sue and be sued.

The company’s owners (the shareholders) can limit their personal liability and are generally not liable for company debts. A company is a complex business structure, with higher set-up and administrative costs because of additional reporting requirements.

So, where do you start?

You will need to register a company with the Australian Securities and Investments Commission (ASIC) and ensure that all Company officers and directors comply with their legal obligations under the Corporations Act 2001.

Sound a little scary? We've got your back🙋🏼‍♀️

Call our team for an obligation-free chat on the best way for your startup to hit the ground running.

8214 8088

www.leadingedgeaccountants.com.au

Fallen behind in your tax affairs? 🙈We hear you. is an established professional accounting firm specialising in busines...
31/10/2019

Fallen behind in your tax affairs? 🙈
We hear you.

is an established professional accounting firm specialising in business advisory, accounting and tax advice.

We are dedicated to helping start-ups and small-and-medium-sized business, by providing you with growth and development advice, support, and tax and accountancy services.

📎NOW TAKING BOOKINGS FOR OUR START-UP ADVISORY SERVICE - everything you need to know to get ahead of the pack in 2020📎

Call or email for details⁠
[email protected]
8214 8088⁠

www.leadingedgeaccountants.com.au

IS IT WEIRD THAT WE GET EXCITED ABOUT HELPING YOUR BUSINESS GROW?🌱Call us nerdy🤓but at we love nothing more than riflin...
30/10/2019

IS IT WEIRD THAT WE GET EXCITED ABOUT HELPING YOUR BUSINESS GROW?🌱

Call us nerdy🤓but at we love nothing more than rifling through numbers and finding ways to secure the health of your business, both now, and into the future.

For instance, did you know that in Australia, a discretionary family trust is a common structure to run a business out of because it offers many taxation advantages?

For example, the flexibility to distribute profit to different beneficiaries, (including streaming of dividends to a particular individual(s)), the ability to access significant capital gains tax concessions and stream those capital gains to a particular beneficiary.

If this all sounds like a foreign language to you, then my friend, you need us🤓📝

Good thing for you, we are NOW TAKING BOOKINGS FOR OUR START-UP ADVISORY SERVICE - everything you need to know to get ahead of the pack in 2020📎
Call or DM us for details⁠
8214 8088⁠

Go on, you know you want to😉

HOW TO DOUBLE (OR TRIPLE) YOUR ROI🤩Bet we got your attention with that, didn't we?⬆️And so it should. As a small/medium ...
28/10/2019

HOW TO DOUBLE (OR TRIPLE) YOUR ROI🤩

Bet we got your attention with that, didn't we?⬆️And so it should. As a small/medium business, every dollar that goes out should already be earmarked to return multiplied.

Check our THREE E's of improved ROI⬇️

1️⃣ Establish a common goal for each dollar you invest.
2️⃣ Employ a policy of radical investment transparency.
3️⃣ Engage a team of EXPERTS in the areas you are lacking to drive improved business results (often this will be accounting and/or marketing)

Why do the THREE E's matter?
Because it's important to know your numbers.

You want to drive your money into a campaign that is performing, as opposed to underperforming. Know where your dollars be best spent. Gather your team and ask the questions. There is always room for improvement.

In need of a business Health Check?
We hear you.
Call or DM us for details⁠
8214 8088

Address

Level 1, 193 Wakefield Street
Adelaide, SA
5000

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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