Small business help: What the numbers actually mean
Posted 3 Sep '15
Posted 3 Sep '15
An Accountants greatest tool in their toolbox is the numbers.
Our profession is based on compiling transactions, by following a set of rules, which gives us a report that tells us a very important story. Our schooling is based on understanding this concept and then applying it to real life situations. Day by day, we do this. As a hairdresser cuts hair and a mechanic fixes cars, we as Accountants look at numbers.
As a result of nature, what can happen is Accountants will start talking to their clients with the assumption that they have the same level of understanding of the numbers as they do. Over time, what may happen is that the client isn’t entirely sure what that means but they think “he doesn’t look tooo concerned, must mean I am doing something right, he hasn’t said ‘that’s bad’ and he did say before ‘it’ll be right’ so I’ll just nod and smile and hopefully he will stop talking soon so I can get the hell outta here…”
We have a few thangs we like to work with our clients on at Empire Accountants; one of the most important is looking at their numbers together and ensuring those peeps in your business that need to understand the numbers, actually do…!
We know that sometimes the verbal can get lost within a meeting so we have been working on a wee little glossary of definitions of the top ratios, figures and numbers to use as a quick go to guide if need be!
Having a greater understanding of the numbers that drive your business will help you to make more informed decisions and play a huge role in
determining your long term success.
Hopefully this makes a bit more cents, I mean sense about your numbers. However if you would like to discuss your business numbers in more detail please dial this number! 07 3117 3736 and we will be more than happy to help you out!
We’re excited to introduce our latest Partner in Business, Alex Watson, founder of Funded Finance. Alex is someone who truly understands that great lending outcomes aren’t just about rates or approvals — they’re about clarity, communication, and long‑term strategy. We sat down with Alex to learn more about his journey, his business, and what makes Funded Finance different.
Empire has had a long-standing relationship with Rothgard Financial Partners, in fact, one that pre-dates Empire itself! Over many years of working alongside Gino and his team, we’ve seen first‑hand the quality of the relationships they build with their clients. We are excited to have them feature as our Partner in Business in this month's newsletter.
If you haven’t started thinking about Payday Super yet, now’s the time.
This is one of the most significant changes to employer superannuation obligations in over 30 years and it officially starts on 1 July
2026
(tick tock tick tock, that date will be here before we know it!).