Liston Newton Advisory understands the unique accounting requirements of electricians like you.
Whether you need assistance with accounting software, cashflow management or tax minimisation, we have all the best advice and specialist support you're looking for.
Cashflow management and forecasting
Invoicing & accounting software
Tax planning & advice
We have over 40 years of experience providing practical, relevant, valuable accounting services for all kinds of trades.
Our team can help with advice you'll actually benefit from – whether that's structuring for success or automating for efficiency.
We'll show you how to optimise your quoting and invoicing processes, so your working relationships thrive.
We use the latest financial software and technology to assess your business and find the best strategies for success.
Dave wanted to modernise his business processes for greater efficiency – so we helped him to transition from spreadsheets to Xero.
Dave is now able to create professional quotes on his iPhone to send to clients immediately after visiting. Once accepted, Dave can then link the quote to an invoice, ready to send once work has been completed.
As a sole trader, this has not only freed up valuable hours of admin and transformed some of Dave's core work processes, but the speedier processing and payment times have also dramatically improved his cashflow.
Our specialist accounting and business advisory firm was set up more than 40 years ago.
Since then, we've worked to help our clients develop the most efficient processes for business excellence.
Our team can deliver everything from strategic advice and support, to ongoing solutions for unparalleled business accounting.
One golden rule is to always invoice on time – ideally by streamlining your quoting & invoicing process using online accounting software.
Once a job is complete, you'll then be able to invoice immediately so that payments reach your bank account more quickly.
If you're doing larger project work, you could also request a deposit, and also introduce progress billing.
Good tax planning is key. Consider pre-paying expenses, for instance by purchasing equipment and materials before the end of one financial year for use in the next.
You could also make full use of your $30,000 instant asset write-off – for example by purchasing a van or piece of equipment under $30,000 and then deducting the amount from this year's taxable income.
This very much depends on the true cost of potential employees when you factor in leave entitlements, penalty rates and other employee entitlements. Every situation is different and we can advise whether you would be better suited to one or the other option based on your circumstances.
We have the best accounting help and advice for electricians. Talk to the experts today.