We make it our business to understand and solve the unique operational challenges of design agencies.
Whether you're focused on capacity planning, bookkeeping and payroll, or ensuring that each and every job is profitable, we're here with the support and solutions to help your business prosper.
Tax and wealth planning
We specialise in helping design agencies like yours plan for accelerated growth and ongoing business success.
Our team can help with anything from business structures and tax planning to invoicing, payroll services and bookkeeping.
We're no fair-weather business partner. We're with you for the long-haul, giving us the key insights to be able to make a big impact.
Our accounting solutions harness the very latest technology to create the most efficient business processes imaginable.
We were initially tasked with helping this Sydney design business evolve from sole trader status to running with a team of five.
Next, we restructured their business to a family trust, to better suit the needs of the owners.
We also helped them devise a three-year growth strategy that set targets and KPIs to help reach realistic profit goals.
We also worked with the owners to help them price their work more profitably, and more accurately forecast staff capacity requirements.
Our team also took on their bookkeeping and payroll, enabling the company to focus on 'big picture' issues like strategy and client service.
We're a specialist accounting and business advisory firm with more than 30 years of experience working with design agencies like yours.
We're here to provide you with the products and services to deliver accounting success – leaving you free to focus on doing what you do best.
Whether you’re looking for strategic advice or day-to-day accounting support, trust Liston Newton Advisory with all your accounting needs.
Timesheets are most accurate way to calculate profitability. Timesheets allow you to determine whether you're charging the right amount for work. Accurate timesheet records will also give you insights into your staff, and whether you are over or under staffed. Some great applications include Workflow Max and Harvest.
For design businesses, you should be focusing on Gross Profit, Net Profit after Tax, Debtor Days (i.e how long it takes to get paid). It's also worth keeping an eye on number of proposals generated per month, number of proposals won, and finally, staff billing capacity.
For an in-depth look at the operation of your design business, get in touch with Liston Newton Advisory.
Recently, there have been huge developments in software that enables you to track expenses and allocate them, whether it's to staff or clients. Some notable applications include Receipt Bank, HubDoc and Expensify. It's important to evaluate these solutions and select the one that best integrates with your business.
We offer unparalleled advice and support for your design agency. Talk to the experts today.