Precision discuss how an inadequate GL structure can impede school operations and cost the school significant amounts through process inefficiencies and budget risk.
A wise person once said, “You don’t know what you don’t know”… so how can you obtain a shortlist of all the things you don’t know about how your School Business Office is performing? Process Reviews are a great way to identify how the Business Office can innovatively work with all parties in the School community more efficiently and effectively.
There are 3 gaps that prevent a finance department from efficiently and productively using technology. We outline ways that organisations can address all 3 gaps.
How many gaps does your organisation have?...
There are a lot of buzz words around "business process improvement" that can either excite you or leave you rolling your eyes at another vague jargon term that sounds expensive.
This blog looks at the nine key factors that must be considered when creating or reviewing any business process. Ultimately, improving financial processes will lead to having higher quality and timely financial information.
For many business owners, the 30th June represents tax time. For management accountants however, it is a time to report, analyse and plan for the next financial year.
Here are 4 tips to help with the year ahead.
A case study showing where a school can use new technologeis in finance and administraiton to dramatically improve the efficiencies of internal processes.
These technologies can save time and money as well as improve communication and school management.
For some organisations, adopting new technologies could be the difference between surviving and thriving in 2016.
At 5:50am on a chilly Sunday morning in Busselton WA, 1,700 athletes jumped into the ocean to start a grueling Ironman Triathlon. These athletes had spent years training for this demanding course that would test their physical and mental strength and endurance.
Precision Management Accounting proudly sponsored an athlete, Adam Barbalet to compete in this event to raise money for the charity, beyondblue.
I began to realise the similarities in training for an Ironman Triathlon, and building and operating a small business. Your mind is your most powerful asset.
I wanted to create awareness around mental health and support a charity I believe in, beyondblue.
Here is my story of how an Accountant became a huge supporter of Ironman triathlons.
The dedication, focus and mindset of the athletes, and what they achieved has inspired me ever since.
I am often asked to explain how Management Accounting differs from the traditional compliance based accounting services.
This video explains the Management Accounting Process which can be applied to all organisations.
NFP's and their Boards are forever being told about the importance of accountability, transparency and effective management and leadership. Here are 2 new ideas on what you can also do to achieve financial sustainability.
Using the right POS system can assist with daily operations, financial management, monitoring staff and reduce many business risks.
Management Accounting is often placed in the “too hard basket” but it can be critical to business survival and achieving success.