Smart accounting solutions and expert advice
Want to achieve your goals faster? Ready for growth? Let Magnified accountants unlock the key to your business success.
Our services include
We’ve got your business accounting needs covered. With over 35 years of experience in the accounting game, it’s safe to say your business finances will be in safe hands.
And while no business or personal circumstances are the same, we combine tried and tested systems with our accounting know-how to ensure you always have a clear picture of where you stand financially.
Taxation and ATO reporting obligations are a year-round headache for business owners. Unfortunately, it’s a reality we can’t help you avoid – but what we can do is make the process as smooth and hassle-free as possible.
We prepare and lodge income tax returns for all types of business taxpayers, whatever their business structure.
We take care of other ATO reporting obligations including Business & Instalment Activity Statements, Single Touch Payroll Finalisation, Taxable Payments Annual Reporting & Fringe Benefit Tax Returns.
For our full-service clients, we offer bookkeeping and payroll services.
Our cloud-based bookkeeping services are designed to give businesses real-time access to accurate financial records. Let us manage your numbers so you can concentrate on growing your business.
With Magnified, you can experience the benefits of well-organised financials. By outsourcing your bookkeeping, you can reduce stress and free up precious time to focus on what inspired you to start your business.
As experienced Xero Gold Partners, we’ve seen the incredible difference that cloud software can make in small businesses. And while technology is great, it still needs to be driven by people who know what they’re doing. We’ve got the technical skills and experience to help you get set up, and to help you get the most out of Xero.
Services include a full Xero set up and conversion of your existing accounting system, training and support or a full health check of your existing Xero file. We can advise what apps can be integrated with Xero to enhance payment timelines or streamline tasks.
Cash is the lifeblood of any business; even a profitable business can fail because of poor cash flow.
Every business should undertake an annual Cash Flow Forecast to aid their planning and decision-making. We want you to be proactive in managing your cash flow – not assuming you only need one if the bank asks for it.
When you know how much money will be coming in and out of your business and when, you can confidently plan and execute desired growth and improvement strategies to achieve positive change.
Cash flow planning is critical to survival and growth.
Our Cash Flow Management service is designed to help you improve your Cash Conversion Cycle, allowing you to predict large cash outflows and respond to changes in your business.
We’ll conduct a thorough review to identify any potential problems so we can treat the underlying issues.
We’ll meet with you on a quarterly basis to monitor, analyse, and adjust your key cash flow drivers. Acting as your accountability coach, we’ll help you set annual goals and devise an action plan to ensure you implement improvement strategies for maximum results.
If you’re not measuring your financial results and key drivers in your business, you can’t properly manage them or implement meaningful improvement strategies and achieve your business goals.
Your monthly Management Report will provide a snapshot of your results, ensuring you understand your financial position and have accurate and up-to-date information on which to base your decisions. Regularly monitoring your key drivers and financial results ensures you’re on track to achieve your goals.
We’ll start with an initial meeting to determine which drivers to measure and ensure you understand how to interpret your reports. Each month we’ll send you a report followed by a 15-minute momentum call to discuss your results, identify areas for improvement, and set actions to ensure you’re on track to achieve your goals.
As a business owner, you can sometimes feel alone and unsupported – spending little time working on your business and feeling trapped in the day-to-day pressures of working in your business.
Our Quarterly Coaching service provides you with increased accountability and support, so you achieve the results you want from your business.
The outcomes include increased profitability and cashflow, customised reporting templates to measure actual performance against forecasts, and access to an expert sounding board to ensure you continue working towards your goals.
Owning and operating a business is hard work. Our Monthly Coaching program provides you with accountability and support to ensure you make the best decisions for you and your business. Together, we’ll work to develop strategies to achieve your desired outcomes and gain the lifestyle you want.
Whether your business needs guidance to navigate major change or you simply want regular contact with a trusted coach, we’d love to help!
We’ll help you to understand your business better, enabling you to better manage your cash flow. Good management decisions rely on a sound understanding of the financial implications for your business.
This service involves meeting with us regularly to discuss your financial results, culminating in you learning to produce and interpret your own customised monthly financial reports.
The Magnified approach
Getting started
First we find out what success means to you. We take a closer look at your business today and where you want it to be tomorrow.
Your accounting solution
We can take care of everything, as your fully outsourced finance function. Or we’ll create a package to meet your accounting and advisory needs.
Partnership for success
We’re here for the long haul. Together we’ll build a plan and put it into action. We’ll help you seize opportunities, avoid issues and unleash your potential.
