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Secure your business and your
future by contacting us today.

Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.

    Accounting for Engineering

    As engineers, you immerse yourself in technical details all day, every day. We understand that accuracy is essential for every task you undertake. The combination of maths and science means that you are always extremely focused on solving problems.

    But when it comes to your business finances, you might find yourself feeling overwhelmed when you try to manage the accounts.

    Some of your projects might be billed by the hour, whereas others are under contract for a fixed fee. These types of variations can cause a headache for even the most experienced engineer.

    Here at North Advisory, we specialise in accounting for engineering and design firms, and we can help relieve the pressure associated with complex financial management. We have extensive experience in tax and regulatory compliance and can provide you the professional support you need to reach your business goals.

    Integrated accounting system

    Poor record keeping can be the downfall of a business, so it’s important to maintain accurate accounts.

    To start with, it’s essential that you have an integrated accounting system. Being able to manage accounts payable and receivable, forecast and track cash flow and extract insightful financial reports is invaluable.

    We know which accounting systems work best for engineering and design professionals, and we can seamlessly install the necessary software for your firm.

    • We tailor your system to meet your business needs, managing complex areas such as payroll, including varying award rates for different staff members and dealing with subcontractors.
    • We set up the company back end for you, to ensure everything flows, including connectivity and links to your bank accounts, the ATO and other relevant governing bodies.
    • We ensure you have the correct add-ons, including any specialist software for engineering professionals.
    Cash flow is critical

    Cash flow is critical

    The propensity for irregular work cycles within the engineering sector means that cash flow often fluctuates. This is where professional financial planning and cash flow forecasting are critical for your firm.

    We can support you by building a detailed cash flow forecast. When we have established a significant amount of cash flow history, we can utilise this data to create an accurate forecast based on past performance. This should help identify financial shortages well in advance.

    This information will also enable you to make strategic decisions… whether they are related to business growth, purchasing assets or embarking on new research projects.

    Grants and other opportunities

    Grants and other opportunities

    Once you implement your accounting systems and are confident that you have well-maintained finances, we can also support you as you apply for grants and other funding opportunities.

    We can provide you with the necessary analysis and produce custom reports to meet grant application deadlines.

    To find out more about how our team of accountants can help you and your engineering business, please contact us today.

    CASE STUDIES

    How North Advisory helped a start-up <br>succeed</br>

    How North Advisory helped a start-up
    succeed

    Rebecca Spencer founded Becscomm in 2017 and made the decision to engage the services of North Advisory right from the start. Our professional accounting services have enabled Rebecca to grow her business and feel confident that she has a dedicated team focused on the financial side of Becscomm.

    The right business accounting for Brilliant Digital

    The right business accounting for Brilliant Digital

    From the minute she met the team at North Advisory, Deb Croucher knew that she had found the answer to her business accounting needs. Over the past ten years, our marketing accountant services have helped her build her small digital marketing business, Brilliant Digital, into an industry leader.

    More than <br>just an</br> accountant

    More than
    just an
    accountant

    After having the same accountant for many years, Debbie Boyce faced the difficult task of finding a replacement service provider. Her longstanding, somewhat conservative accountant was retiring and she knew it was time to find a new partner… someone with extensive management accounting skills.

    Secure your business and your
    future by contacting us today.

    Our team is ready to talk to you about your business accounting needs and your personal wealth management strategy. We look forward to providing you with a flexible, highly tailored and truly personalised experience.