Management Accounting

Budget, Cashflow and Board Reporting

Our services also include preparation of budget and cashflows and preparation of Board Reports.

Integrated and seamless systems

We will design workflows to ensure invoicing, expenses and banking are all integrated, bespoke and seamless.

Cloud based accounting

An end to end digital accounting system will save time and money and enable access to real time financial data and dashboards critical to managing your business.

Mature businesses

We can also migrate information from legacy systems to the cloud.

Start-up businesses

We can assist start-up businesses by creating a system from scratch.

Insights to improve profitability

This provides you the business owner with crucial insights that will save you money and allow you to focus on your most profitable areas of business.

Management Reporting

Our specialists have worked in industry and understand the key role that management reporting provides. Hence we will design your system based not only on the insights that are needed by the Managing Director/CEO and key executives but the key statutory elements needed to prepare tax returns and Statutory Financial Statements from the accounting data.

Bookkeeping

Our team of commercially focussed bookkeepers who, under the guidance of an in-house experienced CFO will design and create your Cloud Accounting system so that it meets the needs of your business.

Frequently Asked Questions

Bookkeeping focuses on recording and organising financial data. Accounting is the interpretation and presentation of that data to business owners and investors.

Managerial accounting focuses on an organisations internal financial processes and is necessary for Managers and Directors to make decisions regarding the daily operations of a company. It is based on current and future trends. Financial accounting focuses on an organisations external financial processes and is important to current and potential investors for example the preparation of Annual Reports and Statutory Financial Statements.

CosmoAesthetics commenced using the Virtual CFO and Outsourced Bookkeeping & Payroll services of Stewart & Smith Advisory in September 2020 and we are delighted with their performance. Kim, our Virtual CFO, has been able to provide valuable strategic financial feedback and advice on the business and its operations, Kim has transformed our accounting process and procedures to ensure we understand the key accounting drivers of our business. She has also established a framework and reporting structure to meet our shareholder obligations with professional Board Reports and Shareholder Presentations. As a medical technology pre-revenue business having access to a Senior Level CFO with extensive expertise, as and when needed, is invaluable and essential as we seek to raise further capital and scale the business.
Mark Clout, CEO, CosmoAesthetics Pty Ltd