Small Business Budgeting and Cash Flow Management

Master Your Finances, Fuel Your Growth

Bookkept empowers small businesses with expert budgeting and cash flow management services. Our tailored solutions help you understand your financial position, make informed decisions, and pave the way for sustainable growth.

We specialise in creating accurate financial records and comprehensive cash flow statements to keep your business running smoothly.

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★★★★★ Rated 5/5 | Based on 89+ Happy Clients
master your finances, fuel your growth

Strategic Financial Planning Melbourne, Victoria

We create comprehensive financial plans that align with your business goals. Our approach combines industry insights with your unique financial data to develop strategies that drive profitability and growth. By analysing financial data from your cash flow statement and other financial reports, we ensure your business's financial health remains strong.

Cash Flow Forecasting

Predict your financial future with our cash flow forecasting services:

  • Short-term and long-term projections

  • Scenario planning

  • Identification of cash flow gaps

  • Seasonal trend analysis

  • Working capital optimisation

Our forecasts give you the foresight to navigate financial challenges and capitalise on opportunities. We'll help you understand your cash flow statements and how they impact your overall financial statements.

cash flow forecasting
budget creation and management

Budget Creation and Management

Effective budgeting is key to financial success. We help you:

  • Develop realistic, goal-oriented budgets

  • Set up budget tracking systems

  • Conduct regular budget reviews

  • Identify and address variances

  • Adjust budgets as business needs change

With our support, you'll gain better control over your expenses and revenue streams, ensuring your business account can cover major expenses and tax payments.

Plans to suit your business accounting & bookkeeping needs

We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –

Chris - The Contractor

$220 / Per Month
See Inclusions

Emma - The Cafe Owner

$440 / Per Month
See Inclusions

Mick - The Well-Established Firm

$660 / Per Month
See Inclusions

Financial Performance Analysis

We provide in-depth analysis of your financial performance:

  • Our team examines key financial ratios to assess your business health. This analysis helps identify areas for improvement and growth opportunities.

  • We compare your performance against industry benchmarks. This gives you a clear picture of where you stand in your market.

  • Regular financial health check-ups ensure you're always on track. We help you understand trends in your business finances and their implications.

  • Our reports are designed to be clear and actionable. We translate complex financial data into insights you can use to drive your business forward.

financial performance analysis
cash flow improvement strategies

Cash Flow Improvement Strategies

Boost your cash flow with our targeted strategies:

  • Optimising payment terms

  • Improving inventory management

  • Identifying unnecessary expenses

  • Enhancing accounts receivable processes

  • Exploring financing options

We tailor our approach to your specific business needs, ensuring sustainable cash flow improvements. Our expertise in small business bookkeeping helps streamline your financial transactions and keep your business running smoothly.

What our clients are saying

Bookkept - Tax Agent & Accountants
Bookkept - Tax Agent & Accountants
5.0
Abdullah Al Ahmed
Abdullah Al Ahmed
05:14 25 Jun 24
I have been using Daniel & Bookkept Team for my personal & Business Tax purpose.They have been nothing but professional so far. And having them by our has been great so far.
Jayoun Lee (Youna)
Jayoun Lee (Youna)
04:09 19 Jun 24
Dan explained made my tax so easily, I couldn’t believe that after coming from H&R Block that this is what all those words mean! If I could tell everyone to come here I would!
Fernanda Martinez
Fernanda Martinez
00:07 29 Aug 22
Daniel is been always a pleasure to work with, always responsive and with a super fast turn around, see you next year Dan!
Molly Hickling
Molly Hickling
08:09 18 Aug 22
Brendan is absolutely incredible! He sorts out my mess of bookkeeping so fast, and I barely have to worry about anything! Tax time is so stress free, so grateful for such an amazing accountant!
Madden Lay
Madden Lay
01:16 15 Aug 22
Dan is beyond fantastic!This is now our third financial year with Bookkept and our first year as business owners.As we are newly self employed we have questions for him just about every week and he is extremely helpful and patient.Dan provides detailed explanations which help us understand the rationale behind accounting processes and ATO policy and allow us to make more informed financial decisions for our business and personal investments.Running an analytics company we are very focused on numbers and Dan understand this. He continues to provide us with suggestions to optimise our tax structures and always provides logical explanations and mathematical breakdowns to support his recommendations.As the financial year has progressed our business and income structure has unexpectedly grown more complex and Bookkept has continued to support this.I can't recommend Dan and Bookkept enough!
Jared
Jared
06:14 18 Jul 22
Have used Bookkept's services for the last 3 years, always efficient, quick, and easy to work with. Will continue to use during tax time.Highly recommend.
Bridget Mary Gallagher
Bridget Mary Gallagher
03:25 03 Dec 21
Daniel was professional in the handling of my tax returns, very quick and efficient and I will definitely be using his services again in the future. Thanks Daniel
Antony Meatchem
Antony Meatchem
02:42 12 Oct 21
Very happy with these guys! Very friendly, professional, quick to respond and happy to give advise and help. Would definitely recommend
Rowena Layzell
Rowena Layzell
12:27 05 Sep 21
Brendan was incredibly supportive and helpful in dealing with my complex tax challenges. He made the process simple, painless and quick. He also provided excellent guidance and tools to navigate the process of setting up a new business. Highly recommend him.
Lien
Lien
03:01 13 Aug 21
Brendan was very easy to communicate with and professional when working on my small business tax return, he made a tedious task a lot less stressful in my opinion. Although I took a very long time organising my end of things he never once hassled me or pressured me to hurry things along. Brendan was very patient and understanding! When it came time to submit my tax return he was very informative and answered all my questions in a way I was able to easily understand everything that was being processed. Brendan was always prompt in his response time and I'm very happy with his level of service. Will be using Bookkept moving forward for all tax lodgements and referring him to others where I can.
julie zulueta
julie zulueta
01:51 21 Jul 21
We are so relieved to have found a great accountant. Daniel has been responsive, professional and proactive. Highly recommend the Bookkept team for both business and personal accounting.
Carly Hughes
Carly Hughes
03:07 03 Jun 21
It has been an absolute breeze working with Daniel. I was looking for an accountant that could support me with my small nutrition business. I often get confused with accounting terms e.g. GST, but Daniel takes the time to explain in simple language, so I thoroughly understand and have peace of mind.To have an accountant that works with other health professionals is an added bonus, he is confident and experienced in how healthcare sales differ from general sales in other businesses, and he is familiar with operating our healthcare software. He has made suggestions to how we can run our software more efficiently, which I didn't expect from an accountant - but has happily reduced my workload.Prior to Daniel, I have had trouble getting a hold of Accountants, waiting weeks for replies to emails. Daniel is always available for a phone call and replies to my emails very quickly.As I am a small business, I was concerned about the cost to have a book keeper and accountant involved on regular basis, but I am pleasantly surprised - and having Daniel on board is has reduced staff admin wages. So its a win win for me.Thanks for your continued help and support.
Miss Poppins
Miss Poppins
07:54 07 Dec 20
Daniel is an incredible accountant who goes above & beyond to make sure my bookkeeping is in order & that I understand what I'm doing to keep my business books in order. Cannot recommend enough. Thank you Daniel!
James Crompton
James Crompton
04:57 11 Sep 20
I’ve been absolutely delighted with Daniel’s proactive service, his comprehensive know-how and his personal touch. Would absolutely recommend to any small business owner just making a start in the business world, he’s gone over and above several times for me.
Katie Turner
Katie Turner
06:42 28 Aug 20
I went to Daniel for a return with investments & rental questions, and left with advice & a nice tax refund. Would highly recommended.
Nazaret Montes
Nazaret Montes
18:40 30 Jul 20
I have working holiday visa , I started to do by myself and I had to pay, then I contact them , and they fix my tax from last year + this one and I got money back.They help you with everything.Daniel 👌🏽
Rmin Bm
Rmin Bm
02:28 28 Jul 20
Bookkept are professional, competent, friendly and caring tax agents. they make the process of tax assessments easy and relaxed. I would recommend them to anyone.
Hamish Gleeson
Hamish Gleeson
21:07 27 Dec 19
I was processing the payroll in my business manually and BAS time was a nightmare.Brendan setup Xero and we are now reporting through single touch payroll. Handing over the administration of my business to Bookkept is one of the best decisions I’ve made.I wish I had of called sooner
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FAQ About Budgeting And Cash Flow

How often should I review my budget?

We recommend monthly budget reviews for most small businesses. However, the frequency can vary based on your business type and financial complexity. We'll help you determine the best review schedule for your needs, ensuring you stay on top of major expenses and financial transactions.

 

Can you help me understand my cash conversion cycle?

Absolutely. We'll analyse your cash conversion cycle, explaining how long it takes for your business to turn investments in inventory and other resources into cash flows from sales. We'll also suggest strategies to optimise this cycle, improving your overall cash flow statement.

 

What's the difference between cash flow and profit?

While profit represents your earnings after expenses over a period, cash flow refers to the actual movement of money in and out of your business. We'll help you understand both concepts and their impact on your business health, using clear financial reports to illustrate the difference.

 

How can I improve my business's cash flow?

There are several strategies, including tightening credit policies, negotiating better terms with suppliers, and reducing unnecessary expenses. We'll work with you to identify and implement the most effective strategies for your specific situation, focusing on areas like accounts receivable to enhance your cash flow.

 

Can Bookkept help with financial projections for loan applications?

Yes, we can prepare detailed financial projections to support your loan applications. Our projections are based on solid financial data and realistic assumptions, enhancing your credibility with potential lenders. We'll ensure your financial statements and cash flow statements are in order for any loan application process.

 

What bookkeeping software do you recommend for small businesses?

We work with various bookkeeping software solutions tailored to small business needs. Our team can recommend and help implement the best software for your business, ensuring you can easily track financial transactions, generate cash flow statements, and maintain accurate financial records.

Get In Touch Today

Get in touch by filling out the form below or simply call (03) 8568 3506!

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