Accountants for aged care businesses

Looking after your financial success

We'll help you take care of all your business and accounting requirements. For the best accounting advice for your industry, talk to our team today.

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Award winning accountants

SMSF multi service firm of the year awardSMSF customer service firm of the year awardIfa innovator of the year awardIfa holistic adviser of the year award

Leading Melbourne accountants for aged care businesses

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.

KPI targets

Accommodation deposit handling

Wages and management reports

Financial forecasting and cashflow

Tax planning & accounting

Accounting for aged care businesses

Expertise for the aged care industry

Trades experience

Navigate even the most complex accounting issues, drawing on our 40 years of experience and expertise.

Tailored services

From KPIs and rostering to forecasting and tax planning, we can tailor a full range of services to your unique requirements.

Client partnerships

We're with you whenever you need us, working to understand the intricacies of your business goals, both now and into the future.

Industry innovation

Our software and technology solutions are here to make work easier and more straightforward than ever.

Strategic accounting for Homestyle Aged Care

Strategic accounting for Homestyle Aged Care

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.

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About us

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.

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Expertise you can trust

We've been doing this for a long time, and we have industry leading qualifications and accreditations to show for it. Learn more from a specialised business accountant.

Frequently asked questions

What key accounting indicators should Aged Care businesses focus on?

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.

How do I minimise agency costs?

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.

What software do you recommend to help run a facility?

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.

Talk to the aged care industry accountants who can help you thrive

We're here to help you build a healthy, flourishing business. For expert advice, talk to us today.

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