We exist with one goal in mind – to help consulting specialists like yourself accomplish all your accounting tasks.
Whether you need help with pricing projects correctly, regulating cashflow or with general bookkeeping and tax planning requirements, we're here to drive maximum business efficiency.
Accounting and taxation
We've been providing expert accounting services for consultants for the past 40 years.
Whether you need help with structuring, tax planning, invoicing, bookkeeping or more, we can tailor our services to suit.
It's our mission to clearly understand your unique business goals, and develop long-term strategies for success.
Automate your business processes using our cutting-edge accounting technology and software solutions.
Naked Ambition is an innovation consulting business based in the Melbourne CBD.
We first assisted with their bookkeeping and payroll tasks, enabling the owner to better focus on growing the business and servicing her clients.
Next we ran a profit and forecasting session to set measurable profit targets and KPIs.
We also built tailored capacity planing models that allowed the owner to plan and measure profitability, for better informed staffing decisions.
We're a specialist accounting and business advisory firm with many years of proven experience working within the consulting industry.
It's our goal to help optimise your business for complete efficiency, using the best accounting solutions on the market.
Whether you’re looking for strategic advice or day-to-day support, we're ready to help.
This is a common challenge for most companies – but while every business is different, a capacity planning model is ideal for helping you build a profitable business using the right amount of staff.
Capacity planning helps you calculate the amount of revenue your staff can produce, and how to do it profitably.
How you price your services and how much you pay your staff will also be major factors in capacity planning.
Timesheets are the most accurate way to calculate profitability, enabling you to determine whether you're charging the right amount for work.
Accurate timesheet records will also give you insights into your employees, and help you to know whether you're over or under-staffed. Some great applications include Workflow Max and Harvest.
As with most professional services, consulting businesses should be aiming for a gross profit of between 55% and 65%. The best way to achieve this is to analyse every client job to ensure that you hit this target every time.
A gross profit of around 60% will likely result in a net profit (before tax) of 25% to 35%.
To learn more about consolidating your profit targets, get in touch with the accounting team at Liston Newton Advisory.
Some of the main indicators you should keep track of are Gross Profit, Net Profit after Tax, Debtor Days (i.e how long it takes to get paid), staff billing capacity, number of proposals generated per month, and number of proposals won.
We offer the best advice and support for consultants like you. Talk to the experts today.