Financial Accounting Services

"Every day we meet people who run their own business but are unclear about how it is performing. Often it is not until cash or lifestyle constraints occur that owners seek help in their finance department. Salo's vision is to help businesses before they reach such constraints or pressure - providing owners the knowledge they need to run their business to its’ best potential"

Financial accounting services

The initial premise of our value to a business includes:

·       A financial focus

·       A non-financial focus

·       Information and reporting for better decision making

Under this methodology we offer a complete review and potential overhaul:

·       What information is required to support management decisions

·       How that information is being assembled and presented

·       Enhancing managements’ understanding around the information; and

·       What internal procedures are in place to ensure efficiency and effective allocation of resources

On the completion of this initial review and having gained insights into your business we offer to extend our involvement to periodic operations discussions and financial reviews with management and so become involved in contributing to managements strategic decision making process and helping achieve the goals of your business.

Financial accounting services include but are not limited to;

  • Internal review of finance department including roles and responsibilities

  • Recommendation and implementation of internal systems and processes for best practice

  • Ensure full utilisation of accounting software and quality review of the data input

  • Implement and oversee regular internal reporting functions that are specifically designed for managements needs

  • Mentor internal finance staff including assistance in month end processes and procedures

  • Budget and cash flow design and review on an ongoing basis

  • Design and review of regular management accounts using business software to assess ongoing business results and develop clarity of expected financial/calendar year results

  • Assistance and/or preparation of statutory obligations including reconciliations of superannuation, Workcover, and payroll tax lodgements

  • Payroll administration including all registrations and statutory obligations and periodic payroll