happy young business woman with her staff, people group in background at modern bright office indoors
Inspired by the needs of many small and medium sized businesses to add value to their operations, we have developed our own unique professional finance and accounting solutions and services at an affordable cost and through flexible service arrangements.
You no longer need to employ costly permanent employees and finance teams, instead you will receive high quality, trained, experienced accounting personnel who can step in at short notice and hit the ground running in no time providing services at affordable cost through flexible and transparent service arrangements. Our staff work on-site and off-site as required and our senior team leaders ensure they carry out their duties in the most professional, timely and diligent manner.
Experienced finance and accounting professionals will deliver as arranged per the service agreement.
We offer the following specialist functional roles and tasks:
Finance Manager services
Financial Controller services
Financial Budgets preparation
Management Accountant services
Financial Accountant services
Cost Accountant services
Fixed Assets Management and Depreciation services
Bank Reconciliation services
Product costings and Margin Analysis
New accounting systems implementation
Project manage new or revise existing business systems
Business Challenges and Failures
The need for professional finance and accounting expertise for businesses:
At some point in its business journey, nearly all businesses face challenging moments, risks, problems and at times critical issues that need extraordinary effort and energy to turn-around, most often at extraordinary costs. Every phase of the business journey need sound business planning, right people resources, well developed products, the right mix of funding, working capital requirements, right balance of free cash-flow, asset, inventory management, processes, systems, policies and procedures.
Passion and Productsalone does not guarantee business success
Most entrepreneurs start a business with products and services they are passionate about. They usually excel at the product knowledge and tend to do well at the early phases of its business journey. However, running a successful business requires other special skills such as :
Identifying target markets, understanding specific market needs and price points
Business funding and working capital requirements
Human resource management skills and systems
Capital asset management, growth and funding
Inventory management, logistics and capacity management
Business reporting and financial management
Business risk management
Tax reporting
Compliance
If the management does not manage these areas of expertise well, fresh challenges, problems and risks arise that can severely distract the leadership from its core focus and business goals compromising effective operations hence causing unnecessary disruptions.
Cash-flow issues and concepts misunderstood
Most entrepreneurs tend to detach themselves from the area of cash-flow management and some find cash management very stressful and difficult to manage. Inadequate business funding and a lack of understanding of working capital and other cash requirements have caused many a business to fail. It is therefore important for the business to partner with professional accountants who understand these specialist areas.
BusinessSystem failures
Great products, great people may be one thing, but failure to have the correct business and accounting systems, policies and processes can impair productivity, efficiency, heightened business risks and eventual risk of failure.
Employing the right business systems , manufacturing processes, sales and marketing systems, customer relationship management and accounting systems processes are critical to business success. Investments in the right technology, software, people processes, productivity tools and efficient systems cannot be under estimated if you are truly committed to business success. Professional finance and specialist staff can assist businesses with the introduction, sourcing and implementation of all these necessary resources.
Inadequate and untimelyManagement Reporting and Profitability
Yes, you are very busy but are you making money? Business owners and managers tend to get so busy that they overlook whether the business is making money. For business continuity, growth and expansion, cash profitability is the key ingredient. If you are not making profits, consider your business as weak and inefficient. More importantly, your business needs to generate free cash-flow for business growth and sustainability.
Employing the right professional accounting and finance resources, will help you in understanding minimum product or service margins, profitability rates, areas of cash leakage, unprofitable products and services, uneconomical processes, weak product pricing, weak working capital management and misunderstood costing and profitability issues.
Tax obligations and compliance– Lack of attention
Many a business have found itself in deep difficulties through lack of attention to regulatory and tax compliance. Businesses are obligated to be always on top of its compliance matters.
Balance sheets need to be understood to find out about future tax obligations such as GST, PAYG, income tax, employee entitlements and super. Business owners have a greater obligation in these modern days and can become personally liable for lack of timely reporting, lack of ethical processes and taking lightly obligations and responsibilities. Understanding when and how to meet your financial commitments are part of the cash-flow planning and forecasting process.
Do you have the right people resources to manage these obligations?
Employing suitable finance and specialist staff can alleviate the business from such failures. Misunderstood or misinformed wage rates and payroll compliance can cause considerable distress and distrust, heightening the risk of business failure.
About Us
Inspired by the needs of so many small and medium sized businesses looking for a range of business solutions and services in what is increasingly a very challenging and quickly changing business landscape. A business environment that had been ravaged by the onset of Covid bringing in yet unknown new challenges and as well potentially a new wave of business opportunities.
Yure Business Solutions aims to be a One-Stop Service provider connecting your needs with specialized services through business partnerships and arrangements with licensed and accredited service providers. As a business, you as the client will be serviced by our account managers to bring you services such as accounting, legal, tax, audit services, business systems implementation, website development, marketing and so on.
You as the client are therefore free to focus on your core business activities and grow your business without the need to stress about dealing with and managing multiple independent service providers.
The ultimate aim of our business is to bring you quality, efficient services at affordable costs. We use various tools to bring you these services more efficiently and at greater speeds such as cloud based solutions, on-line client services and communications.
Our professionally qualified accountants and accounting team members are accredited accounting personnel. Most of them are members of various accounting institutes as follows:
CPA Australia – Certified Public Accountants
CA – Institute of Chartered Accountants – Australia and New Zealand
Other recognized and accredited accounting bodies and institutions
Our most senior staff bring the specialist know-how, vision and skill sets of many years of experience. Armed with various productivity tools and skill sets, they are able to deliver services in efficient timelines and in the most professional manner.
Our staff members bring experiences in the following sectors:
Engineering services
Retail and wholesale
Vehicle dealership
Building construction
Project management and Service businesses
Manufacturing
Assembly manufacturing
Early Childcare Providers
Entertainment and hospitality
Transport and logistics
Aged Care Facilities
Some of our clients and reviews
We are proud of the various assignments and the many contracts successfully completed.
Long standing client in the automotive industry, a manufacturer of automotive components to the likes of Ford Australia, Holden Australia, Nissan and WW. Founded in Australia but very quickly diversified into the global market with factories in USA, China and Thailand.
Assignments completed:
Financial Controller Services
Financial Budgets and Forecasting
Management Accountant Services
Manage install of Hyperion Reporting systems
Manage tax audits
Manage tax compliance and annual audit engagements
“Rod and his team made a huge difference to the way our finance team was run and managed! Finally we were able to get the quality and concise financial and management reports the business so much needed to get us back on track in terms of understanding cash-flow, profitability and margins. This was a huge driver to better decision make processes” – Paul Keen, General Manager
US based global “reporting software” developer, based in Melbourne, Victoria. Head quartered in New York, with resellers and distributors located in Europe, Asia and North America.
Assignments completed:
Finance Manager Services
Financial Budgets and Forecasting
Management Accountant Services
“Specialist Finance Manager made a significant contribution to lead our finance team and the business benefited immensely in the value added benefits in timeliness, accuracy, cost savings and sound leadership” – Paul Becks, General Manager
Client: Case Construction Equipment
Long standing heavy equipment dealership and the third biggest brand in construction equipment globally, operating across Australia very similar in operation to a car dealership.
Manage source and implementation of a complete Business and Accounting system
Develop finance and accounting policies, processes and procedures
Develop multiple reporting templates for sales, service and management
“We recommend Rod and his team very highly in managing and leading finance teams and for specialist accounting projects. His team sourced and implemented the ideal business software and accounting platform for our operations” – Stephen Balemi, CEO
Client: Wincorp Furniture Group
Corporate furniture manufacturer supplying designer furniture to some of the most exclusive clientele.
“We truly recommend Rod and his team for an excellent contribution. We understood cash-flow better and restructured our funding which saved the business from distress” – Ray Reesby, CEO
Client: Camera House Retail Chain
Retail chain network in photography, camera and video accessories
