FAQs Archive

Q: What's the difference between cash flow and profit?

While profit represents the revenue earned minus expenses, cash flow focuses on the actual cash movement. A business can be profitable on paper but experience cash flow problems if customers delay payments or there are substantial upfront expenses.

Q: Do you have expertise in implementing accounting systems to streamline our processes?

Certainly! Implementing efficient accounting systems is essential for optimising your non-profit's financial processes. Our team has extensive experience in customising, and implementing Xero accounting software tailored to your needs. We'll work closely with your staff to understand your workflows and pain points. Then, we'll deploy Xero's user-friendly system that automates mundane tasks, simplifies reporting, and enhances accuracy. Our aim is to streamline your financial processes, enabling your team to focus on what truly matters – fulfilling your strategic objectives and adding value for stakeholders.

Q: Can you assist us in creating a business plan for a new venture or expansion?

Absolutely! Crafting a solid business plan is critical for the success of any new venture or expansion. We'll collaborate closely with your team to understand your goals, target market, and competitive landscape. We will help you develop a comprehensive business plan that outlines your mission, objectives, and strategies to achieve success. This plan will include financial projections, risk assessments, and actionable steps to navigate potential challenges. Whether you're launching a new product, service or expanding your reach, our goal is to ensure that your business plan is both well-structured and aligned with your core values.

Q: What strategies can we implement to increase profitability and reduce costs?

We understand the importance of financial sustainability. Our goal is to help you increase profitability and manage costs efficiently. First, we'll conduct a comprehensive financial analysis to identify areas where potential cost savings can be made. This may involve optimising your budget allocation, exploring grant opportunities, or enhancing fundraising efforts. Simultaneously, we'll work on revenue-generating strategies to support your mission. By combining smart financial planning with creative approaches, we'll empower your organisation to continue making a positive impact.

Q: Can you provide guidance on international tax if we plan to expand globally?

No, we do not provide international tax advice. Please contact an expert with knowledge of international tax regulations and cross-border tax treaties for the markets you want to operate in.

Q: How can we improve our financial reporting to make better decisions?

Improving financial reporting is crucial for gaining insights into your performance. Our team will collaborate with you to identify your specific reporting needs and design clear, easy-to-understand financial statements. With our expertise, you can expect timely and accurate reports that highlight key performance indicators (KPIs) relevant to your non-profit's goals. These actionable insights will enable you to track progress, identify trends, and allocate resources effectively. Transparent and comprehensive financial reporting will empower your team to make confident decisions that drive your success.

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info@aurorafinancials.com

Call us (+64) 22 500 5770

FAQs

What’s the difference between cash flow and profit?

Do you have expertise in implementing accounting systems to streamline our processes?

Can you assist us in creating a business plan for a new venture or expansion?

What strategies can we implement to increase profitability and reduce costs?

Can you provide guidance on international tax if we plan to expand globally?

How can we improve our financial reporting to make better decisions?

Unlock growth opportunities and financial clarity

Business growth + financial performance

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