Building Firm Foundations: Essential Systems for Business Success

In this episode of the Accountant’s Minute Podcast, Peter Towers, Managing Director of ESS BIZTOOLS, dives into the critical role that systems play in SME success. Drawing from MYOB research and real-world business case studies, Peter highlights how poor implementation - or complete absence - of financial and operational systems leads to cash flow crises, supplier issues, and mounting tax liabilities. He discusses key problem areas such as unrealistic payment expectations, debtor management, and the importance of predictive accounting. Peter also outlines the 12 Essential Systems for Business Success and explains why accountants, bookkeepers, and advisors should guide their clients in establishing structured financial processes. Tune in to gain insights on how to help your SME clients avoid financial pitfalls and thrive in today’s business environment.

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