Is Your Business EOFY Ready?

L-R Gary Minter Jumbo's Business Supplies, Erin Ryley Community Bank Sarina Manager, Kylie Schulze Customer Relationships Officer, Geoff O’Connor SBB Partners Director.

‍

‍

As the end of financial year approaches, it’s a good opportunity for business owners to review their goals and performance while making sure everything is organised heading into the new financial year.  

‍

If you run a small business, work as a sole trader or manage a growing team, taking the time to review your finances and business operations can reduce stress later.  

‍

For example – here are five practical EOFY tips you can consider:  

• Review your business performance – taking the time to reflect on the past 12 months, review what’s working well and consider goals for the year ahead.

• Prepare your paperwork – keeping records and paperwork organised can make processes smoother and reduce any unnecessary stress later.  

• Chase any outstanding invoices – checking on outstanding invoices and upcoming bills can assist businesses in maintaining a clearer picture of their cash flow.

• Review subscriptions and regular expenses – taking a closer look at subscriptions, recurring payments and ongoing costs can assist with identifying areas that may no longer suit your business needs.

• Time to plan ahead – reviewing systems, processes and priorities can set your business up for a strong start moving forward.

‍

Running a business can mean wearing many hats, so having the right support and staying on top can make a real difference.  

‍

We’re proud to support local businesses and the people behind them. As a profit for purpose organisation, every customer who chooses to bank with Community Bank Sarina also contributes towards investing in our community.  

‍

For assistance to review your business goals or current circumstances, come in and see the friendly team at 37 Broad Street, Sarina or call us on 07 4943 2634.

‍

Any advice provided in this article is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable product disclosure statement(s) on our website bendigobank.com.au before acquiring any product. All loans are subject to the bank’s normal lending criteria. Fees, charges, terms and conditions apply and are subject to change. Credit provided by Bendigo and Adelaide Bank Limited ABN 11 068 049 178 Australian Credit Licence 237879.

‍

‍