Accounting News & Blog

Cash flow is a critical factor for the smooth running of a business. A few days late payment by customers may not seem like much but multiply that by several invoices and it can have a serious impact on the business owner's capacity to pay staff, meet tax obligations, purchase stock and supplies, service machinery, advertise products and services or even keep up with their own household expenses.

According to Xero Small Business Insights, Australian Businesses waited on average 35.23 days to be paid on a 30-day invoice in July 2018. There's clearly room for improvement and a need for a reliable total bookkeeping solution.

Rowe Partners Accountants & Business Advisors understand the needs of busy business owners to manage accounts and maintain cash flow. Through a dedicated business division, Rowe Partners Business Support Services, they are helping local businesses in Port Augusta who have previously struggled to keep up with day-to-day business finance and administration with an ideal and reliable outsourced solution. Now, instead of struggling with cash flow, payroll and bank reconciliations, getting stuck with BAS, invoicing and accounts payable or staff super, Port Augusta businesses are turning to the professionals. Trained staff use Xero, Receipt Bank and other integrated tech solutions to simplify bookkeeping work saving Port Augusta businesses time and money. They make sure it’s all done and kept up to date freeing you up to work on the bigger picture aspects of running the business - growing it, managing staff and caring for your customers.

With the help of Chad and the team at Rowe Partners, Darren McNamee from Fire Equipment Maintenance Group (FEMG) Port Augusta is now way more in control of the business finances. Darren admits to being old school. He’s a partner in a successful Port Augusta business for 19 years helping people stay prepared with fire emergency and safety equipment. He had developed a pretty good financial management system over the years so, it took a bit of convincing to get him away from the trusted paper trail but Chad’s persistent when he believes in the value of something like integrating business and accounting systems. Now FEMG has moved to Xero and is using other cloud-based apps such as Receipt Bank and Aroflo, he can’t believe the difference.

Moving to the Cloud offers huge benefits. With Xero, I’m saving at least half a day a fortnight on payroll. Bank recs are easy. Especially payments and invoices. Xero speeds up the process by searching and pairing invoice numbers with payments. We’re getting invoices paid faster too with the benefit of Xero automatic invoice reminders. Once a week we look at debtors. If a debtor falls into the long overdue period, we can quickly apply a “stop work” which gets bills paid. Previously things like this might have gone unnoticed for a while and the amounts owed in debtors were much higher.
Aroflo has really helped us streamline our job management and allocations. It’s a work in progress but we’re happy with the fact that we can send jobs to the team when they’re out in the field. Our staff cover a lot of territory. We have a fleet of 16 service vehicles and our people are doing valuable work in the field. Aroflo reduces time wasted through miscommunication and doubling up on jobs. We still prefer to run a centralised invoicing system and keep our people busy helping customers, but the option is there to invoice on the spot.
Receipt Bank is saving time entering invoices and keeping track of receipts for our techs out on the road. Using Receipt Bank can save time in entering invoices and receipts into Xero as it can do a lot of the work for you automatically. Also it saves every invoice against each transaction, meaning you don't need to keep receipts.
All these time savings across various day to day tasks really add up. Chad’s accounting and business advice, means we’re now running way more efficiently, have a lot more control and have the transparency we need.

Darren McNamee, Fire Equipment Maintenance Group 2018

Port Augusta, bookkeeping, business, accounting
For a solution? Rowe Partners are the Port Augusta business bookkeeping experts

See yourself more as a DIY but prefer the idea of a cloud-based accounting software solution? Rowe Partners Business Support Services have the know to set you up with your books fully integrated and ready to go. We can even provide staff training.

No matter what type of business you’re in, our Rowe Partners Business Support Services team will give you back the time you need.

Click here for more information about our Client Business Support Services or call 1800 04 7693 for more information.

Rowe Partners Port Augusta Outstanding Business Awards, accounting, small business, accountants, business advisors

Category Finalists have been announced!

Chad McKnight, Phillip Cammarano, Patrick Connolly, Michael Nutt, Robert McDonald and the Rowe Partners team thank the amazing Port Augusta business community for participating and contesting these awards. The time taken to nominate and get involved in this friendly competition by nominees shows just how committed this business community is to quality, excellence and serving the people of Port Augusta. All nominees should be extremely proud of their achievements.

Competition across all categories and participation in the 2017/18 Rowe Partners Port Augusta Outstanding Business Awards has been strong. 262 nominations were received from 131 different businesses and individuals for the 15 award categories. A final total of 94 qualifying entries were judged and Business Port Augusta has announced the names of finalists in all categories.

Finalists 2017/18

National Australia Bank - Excellence in Hospitality and Tourism 2017/18

Australian Arid Lands Botanic Garden

Kieran’s Kitchen

Archers Table

Cinema Augusta - Excellence in Small Business 2017/18 (1-5 Employees)

Dance Explosions

Westside Physiotherapy

Magic Memories by Erika

Terry Gardiner’s Meats and Smallgoods

Sundrop Farms - Excellence in Medium Business 2017/18 (6-20 Employees)

Redgum Vet and Pet Boarding

Dental on Commercial

Gulf and Ranges Optometrist

Better Homes Supplies - Excellence in Large Business 2017/18 (21+ Employees)

Northpoint Toyota

Sundrop Farms

Southern Cross Austereo

Port Augusta Business Centre - Employer of the Year 2017/18

KD’s Hair Flair

Pure Indulgence Hair

Nistico Sen - Trainee of the Year 2017/18

Perry Jones – Australian Arid Lands Botanic Garden

Phoebe Storey – Redgum Vet and Pet Boarding

Chloe Young – Ray White Real Estate

Business SA - Apprentice of the Year 2017/18

Courtney Liebelt – KD’s Hair Flair

Cloe Muskett – Pure Indulgence Hair

Southern Cross Austereo – Most Innovative Business 2017/18

My Friend Billy

Sundrop Farms

Liv Sienne

Bultarra Australian Saltbush Lamb - Young Employee of the Year 2017/18 (18-29)

Skye Wilson – Redgum Vet and Pet Boarding

Georgia Phillips – Dental On Commercial

Emma Nutt – Gulf and Ranges Optometrist

Ali Glover – Mayhem Fitness

Solar Reserve - Employee of the Year 2017/18 (30 plus)

Sam Dermody – Webb Software

Christie Mitchell – Southern Cross Austereo

Dillon Moore – Redgum Vet and Pet Boarding

5AU / MAGIC FM - Outstanding Emerging Business 2017/18

Platform Training and Fitness

Kieran’s Kitchen

Liv Sienne

The Transcontinental - Most Popular Business 2017/18

Mayhem Fitness

Magic Memories By Erika

KD’s Hair Flair

Jenai Photography

Supreme Clean Carpets and Restoration - Excellence in Delivery of Services by a Not For Profit or Government Agency 2017/18

The Friends of The Australian Arid Lands Botanic Garden

Calvary Cottage Port Augusta

Australian Arid Lands Botanic Garden

Winners for each category and for the Most Outstanding Business 2017/18 will be announced at the Gala Dinner on Friday 19th October 2018.

Rowe Partners Business Accountants for City & Country are Port Augusta's leading providers of business accounting, taxation, business planning & support services. We help our business accounting & taxation clients improve business performance & financial returns for their efforts.

A primary goal of the Partners is for us to deliver a superior level of service & value to our business clients. We pride ourselves on our commitment to excellence in service delivery & the continuous improvement culture we have established across our whole Rowe Partners business. We actively support & promote business best practice.

By employing the best staff possible, providing ongoing training & professional development, offering an extensive range of services & embracing tech solutions that improve efficiency, our Rowe Partners staff in Port Augusta, Port Pirie, Modbury & Murray Bridge offices are able to deliver on this promise to our many South Australian business clients. It pays dividends too. We are past winners in the Beyond Bank Port Augusta Outstanding Business Awards for Better Homes Supplies Best Large Business in 2015. Winning this award was great recognition of the efforts of our team & acknowledgement that we're on the right track.

When we were approached with the opportunity to become Major Sponsors ourselves, of course we said yes! It makes very good sense for us to get behind a business awards program that promotes the values we hold.

The Rowe Partners Port Augusta Outstanding Business Awards aims to publicly acknowledge, promote & reward excellence by;

  • Encouraging professionalism & innovation locally

  • Continuously improving & raising business standards in Port Augusta

  • Reinforcing consumer confidence in our local businesses

  • Promoting Port Augusta as a town & a region of economic opportunity

We encourage all businesses in Port Augusta to get involved in the awards this year & to nominate their business. Businesses can now enter the 2017/18 awards in the following categories:

  • Rowe Partners - Most Outstanding Business

  • Port Augusta City Council - Hall of Fame

  • Southern Cross Austereo - Most Innovative Business

  • 5AU/Magic FM - Outstanding Emerging Business

  • Cinema Augusta - Excellence in Small Business (1-5 employees)

  • Sundrop Farms - Excellence in Medium Business (6-20 employees)

  • Better Homes Supplies - Excellence in Large Business (20+ employees)

  • Saltbush Livestock - Young Employee of the Year

  • Port Augusta Business Centre - Employer of the Year

  • Business SA - Apprentice of the Year

  • Nistico Sen - Trainee of the Year

  • Solar Reserve - Employee of the Year

  • National Australia Bank - Excellence in Tourism and Hospitality

Nominations close 22th of August 2018. Winners will be announced and celebrated at the awards gala dinner on Friday 19th October 2018 at West Augusta Football Club.

Submissions can be emailed to up to Wednesday 5th September 2018. Category finalists will be announced in the week commencing 5th of October.

Enter today – and keep the date free for the Gala Dinner, Friday 19th October 2018.

Good luck everyone!