Business Services

Cashflow forecasting is a critical part of business reporting as ineffective cashflow management often directly relates to business failure.
You might be worried about having enough cash to pay all of your expenses at the end of the month. Danpalo Group can help.

Our cashflow forecasting reports act as a warning system, giving you an indication of potential shortfalls before they happen. These projections also allow you to understand when cash is available, analyse and anticipate key expenses, and plan & prepare for expansion. We’ll forecast your projected income and expenses to help you understand if you need to borrow, how much, when, and how to repay.

Danpalo Group can help improve your cashflow and equip you with the strategies and process your business needs to get paid quicker and manage your creditors.

As a result, you’ll be better prepared to manage your business, and you’ll avoid any nasty surprises.

If you’d like to understand exactly what’s going on in your business and how keep more money in your bank, contact Danpalo Group today.

Successful businesses have an accurate and reliable accounting foundation. Danpalo Group’s bookkeeping and accounting services enable you to run your business without the stress of spending hours on your books.

Keeping up-to-date books is vital to effective budgeting, planning and overall business success. Why not leave this to the experts? We’ll keep your books in order ensure you get an accurate picture of business performance and how to improve.

Our fully qualified team can manage your bookkeeping by handling:

• Bank reconciliations
• Credit card reconciliations
• Entering cash expenses and creditor invoices
• Debtor management

We provide financial statements to help you monitor business progress and we’ll sit down with you to help you understand the story behind the numbers.

We can also relieve you and your staff of the burden of accounting by preparing annual accounts and periodic management accounts for tax, business appraisal and planning purposes.

Danpalo’s accountants can help with compliance and financial strategies for:

• Sole traders
• Partnerships
• Trusts
• Companies
• Self-managed super funds

If you’d like your bookkeeping and accounting to be managed by a team of professionals, contact Danpalo Group.

Benchmarking is a useful way to assess how your business is performing relative to industry standards and competitors. It helps business owners see how they are achieving their current performance and where and how they can improve.

That’s where we can help. Our team can prepare accurate and informative benchmarking reports that allow you to compare how your business performs compared to competitors, understand your industry better and develop action strategies to improve your bottom line.

We’ll go through these reports with you so you get the full picture behind the numbers and understand what it means for your business. Following this, we’ll work with you to ensure you have actionable steps in place to improve. These reports can be prepared regularly, meaning you’ll be kept up to date on how you’re performing relative to your industry and competitors.

Do you want to improve your business? Contact Danpalo Group today.

Budgeting is a necessary part of an effective business plan and enables you to set financial targets and measure business performance. Effective budgeting allows you to put processes in place to ensure you have enough money for the things your business needs.

The techniques we use to form financial projections allow you to prepare for the future and set achievable goals.

There are many types of budgets so we’ll help design the right budget for your requirements. We’ll work with you no matter what stage your business is at (starting up, growing or expanding) to develop a detailed and accurate budget.

At Danpalo Group, we see budgeting as a roadmap. It provides you with the guidance needed to successfully navigate the ups and downs of a business journey.

Would you like to achieve your business goals with access to expert direction? Contact us today.

Having a good business idea is great, but it’s essential to have the legal and financial aspects sorted. The correct business structure will work to optimise your tax position and protect your assets.

Danpalo Group has the expertise to help you:

• Choose how to structure your business (sole trader, partnership, trust or company)
• Prepare a business plan, cashflow forecasts and budgets
• Assess your financial viability and finance requirements
• Advise you on the most suitable source of finance for your business and draft necessary proposals
• Raise capital and manage cashflow
• Meet accounting obligations
• Register for an ABN with the ATO
• Complete registration processes for ASIC

Contact us if you’d like help turning your business idea into a reality!

Danpalo Group’s management consultants are here to help you run your business better.

Our goal is to see your business grow and reach it’s full potential. We’ve got the experience to provide relevant advice and direction to solve business problems and initiate positive change.

Some of the ways we can help:

• Act as a sounding board for management
• Identify key performance indicators and advice on how to achieve them
• Identify business issues
• Develop your services
• Provide advice on how to reduce costs
• Advise on how to save money

Want to improve your business’ performance? Contact us for a business health check to assess the ongoing success of your venture.

Here at Danpalo Group we understand that day-to-day office duties are not for everyone so we provide office support to help out.

We are happy to provide the following services:

• Processing wages
• Paying creditors and processing payments
• Collecting and banking debts
• Various secretarial tasks

Contact us if you’d like to save time by getting a team of professionals to handle those administration tasks you hate.

At Danpalo Group, we understand payroll can take a lot of your time away from running your business. Payroll legislation is increasing in complexity and you don’t want to suffer the consequences of getting your payroll wrong! Leave it to our team of payroll experts and know your employees are getting paid correctly.

Our comprehensive payroll solution includes:

• Payroll
• Customised payslips
• Managing employee deductions
• Managing leave entitlements
• Superannuation calculation, lodgement and payment
• PAYG
• ATO filing
• Summarising and analysing staff costs
• Managing third party payments
• Tracking employees time and attendance
• Administrating incentive schemes, bonuses, and termination payments

Do you want to save time, costs and stress? Let us handle your payroll. Contact the Danpalo Group team today.

Effective portfolio management allows individuals to make sound decisions regarding investments, asset allocation and potential risk.

The Danpalo Group experts provide detailed portfolio management that makes handling your investments a breeze.

We’ve got the tools, processes and the people to assist you in negotiating the best investments for your situation. Our team do the research for you, saving you time and eliminating unnecessary risks.

You tell us your goals and we’ll tell you how!

Do you want an experienced investment manager handling your portfolio with your objectives in mind? Contact us today for specialist assistance with investments.

Operating a business in today’s economic environment holds many risks.

A successful risk management strategy improves business performance, equips you with the tools you need to reach your goals, and protects the value of your business.

At Danpalo Group we pride ourselves in our proven ability to accurately evaluate potential risks and protect your business. The value we provide here is in helping you implement appropriate processes to avoid risks or minimise their impact.
Our risk assessment includes:

• Gathering relevant information about your business and market
• Identifying the major risks facing your business
• Developing a risk strategy
• Implementing the risk management procedures

Want to avoid any nasty surprises? Contact us.

Cloud accounting software allows for real-time data analysis and smarter financial decisions. But set up and training takes time and money, and it can be hard to know which software is right for you.

There are over sixty accounting packages available in Australia, but we’ve invested resources to ensure our staff are up-to-date and can recommend a suitable solution for you.

Danpalo Group have Xero Certified Advisors, MYOB Certified Consultants and Banklink Professional Advisors meaning we have the experience and certification to support you.

Want help choosing the right software for your business? Contact us!

Often the chaos of running of your business means strategic planning takes a back seat. It’s such an important process as it helps management set business priorities, direct employees, manage resources, and ultimately improve business operations.

We’ll help to develop a strategic plan that examines where you want your business to be in the next 3-5 years and how you and your team can achieve those goals. Having an accurate and achievable plan and timeline will help you direct your business’ efforts and resources in an effective way. Our goal is to save you time and money by guiding you to the most suitable path for your business.

Our strategic plans include relevant metrics and measurements so you can assess progress and stay focused.
Feedback is always important to improvement so we’ll also conduct regular reviews of the strategic plan to ensure it stays up to date and relevant for your business situation.

Interested in having an effective strategic plan to grow your business? Contact us today.