Exclusive Partner Webinar: Managing Finances in the NDIS
Welcome to our brand new webinar series with our friends from Retinue Accounting.
Build your financial foundations and set up your business for success with insight and guidance from Retinue’s expert Accounting team.
What We’ll Cover
Session One: Common Mistakes to Avoid
This webinar was hosted live on Tuesday, January 30 2024.
Access to the recording is available to Provider Institute members.
In our first instalment, ‘Managing Finances in the NDIS – Common Mistakes to Avoid‘, hosts Pradi Hamid and Belinda Llamas delve into the crucial aspects of financial management for NDIS providers. Pradi will cover the fundamentals of accounting, including cash flow management, understanding financial reports and common mistakes NDIS businesses should avoid when managing their finances.
Key Topics Covered:
- Understanding Key Financial Reports: Gain insights into the main financial reports that you need to focus on when managing NDIS finances. Learn how to interpret Profit and Loss (P&L), Balance Sheet, and other critical reports to make informed decisions.
- Cashflow – Do You Really Have Enough?: Explore cash flow management in the context of an NDIS business. Discover common pitfalls and best practices to ensure that your organisation not only survives but thrives financially.
- Using Financial Data to Make Better Decisions: Learn how to use financial data to make strategic decisions for your NDIS services. Uncover why key metrics and analytics are needed to enhance your operations and financial sustainability.
- Q&A Session: Engage with our expert presenters in a dedicated question and answer session. Get insights and solutions to your specific financial questions about operating in the NDIS sector.
Session Two: GST Myths Busted, Absorbing Funding Shortfalls and More
This webinar was hosted live on Thursday, March 21 2024.
Access to the recording is available to Provider Institute members.
Join us for the next instalment of our webinar series with Retinue Accounting as we delve into the financial fundamentals every NDIS provider needs to master. Chartered Accountant David Rosenthal will join Belinda Llamas for this live and free session.
Key Topics Covered:
- Registering for GST: Common Myths Busted
- Invoicing: Chasing Debtors, Overcoming Commission Delays
- Funding Shortfalls and Absorbing Costs: What To Do When A Client Runs Out of Funding
- Q&A
Session Three: Helping NDIS Providers Prepare for the End of Financial Year
This webinar was hosted live on Thursday, May 30 2024.
Access to the recording is available to Provider Institute members.
Join us for the next webinar in our Managing Finances in the NDIS series, where financial experts from Retinue Accounting offer practical strategies that will help your business ace the EOFY.
Key Topics Covered:
- Maximising your tax deductions
- Using the Instant Asset Write-Off Scheme
- Practical ways to reduce your tax bill
- Assessing your financial goals, and implementing a tax strategy to suit
- Planning for the 2024/2025 Financial Year.
Session Four: Start the 2024/25 Financial Year Strong - Financial Tips and Tricks for NDIS Businesses
This webinar was hosted live on Thursday, July 18 2024.
Access to the recording is available to Provider Institute members.
In partnership with Retinue Accounting, we are thrilled to present the final webinar in our Managing Finances in the NDIS series, offering you the insights and tools you need to thrive in 2024/25.
Webinar Highlights:
- Accounting and Bookkeeping Fundamentals for NDIS Businesses
- Building a Business Budget for Your NDIS Business – Learn how to create a robust budget that supports your operational needs and growth aspirations.
- Maximising Tax Deductions on Your Vehicles – Get expert tips on claiming the most from your vehicle expenses to reduce your tax burden.
- Assessing Your Financial Goals – Understand how to set and achieve realistic financial goals to ensure long-term success.
Meet your Presenters
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About Belinda Llamas
Belinda is one of the Managing Directors at Provider Institute and has worked with NDIS providers for the last 7 years, from startup to growth and everything in between. She has an extensive background in risk management, work health and safety, human resources and business management.
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About David Rosenthal
David Rosenthal is a financial expert who takes your journey towards financial success seriously. To him, accounting is more than just the numbers, it’s the power to help you make the right choices for you, your business and your family.
He is a Chartered Accountant and qualified organisational coach, passionate about helping NDIS providers. He is trained to identify and fine tune the needs of business, and his skills provide a holistic approach to your finances.
About Retinue Accounting
Solid financial foundations are key to your success. Yet for many businesses, understanding and reporting the numbers can be confusing and overwhelming. Retinue helps demystify accounting, helping you make better business decisions. Retinue offers its clients 24/7 accounting, payroll*, bookkeeping and tax support on a fixed-priced monthly subscription fee.
Join us for this free webinar series to help understand how a few accounting basics can help your business succeed and grow.
* Retinue’s payroll service includes the processing of hours and wages rates provided by you. We do not determine award rates for your employees or provide advice on the correct employment status of your employees. It is your responsibility to ensure that your employees are paid correctly and we recommend obtaining advice from specialised employment relations experts.