We're here with all the knowledge and understanding to support your aged care business, using skills that have been honed over the past 40 years.
Whether you're facing compliance issues, rostering challenges, staff training or bookkeeping and tax planning requirements, we have the in-depth experience to support aged care professionals like yourself.
Accommodation deposit handling
Wages and management reports
Financial forecasting and cashflow
Tax planning & accounting
Navigate even the most complex accounting issues, drawing on our 40 years of experience and expertise.
From KPIs and rostering to forecasting and tax planning, we can tailor a full range of services to your unique requirements.
We're with you whenever you need us, working to understand the intricacies of your business goals, both now and into the future.
Our software and technology solutions are here to make work easier and more straightforward than ever.
Liston Newton has assisted Homestyle Aged Care since it began in 1988.
We helped it to grow from a single aged care facility with 50 residents to a business group containing over 1,500 government-funded residents.
As well as ensuring their accounting and tax remains ATO-compliant, we've also assisted Homestyle in negotiating lending to help fund their expansion, negotiating the purchase of new properties and assessing and valuing those purchases.
Today, Liston Newton's Director sits on the board of Homestyle and offers financial guidance at monthly board meetings.
Our accounting team offers 40 years of experience working with aged care professionals like you.
Whether you need advice on issues relating to KPIs, rostering and financial forecasting, or ongoing day-to-day tax planning and accounting solutions, Liston Newton Advisory are the experts in your industry.
We can help you look after all your accounting needs – leaving you free to focus on the important job of looking after those who need you most.
Some of the key financial indicators for aged care businesses to consider include EBITDA per bed, occupancy percentage, Aged Care Funding Instrument per resident, percentage of wages vs revenue, percentage of agency costs vs revenue and percentage of food cost vs revenue.
Due to the high number of staff and the need to maintain minimum staff requirements, agencies for temporary staff can be a significant cost for Aged Care operators.
One possible strategy to minimise agency costs is to roster additional staff for each shift, with the understanding that some are likely to be off sick or away at short notice.
Telstra Health is one of the better software options available for supporting Aged Care facility operations. It has a number of different packages and products available for each operational segment.
We're here to help you build a healthy, flourishing business. For expert advice, talk to us today.