by Zoltan Szentirmay | Dec 12, 2024 | Business Building
In the ever-evolving Australian market landscape, assessing your business’s health is crucial. As we navigate through the ebb and flow of economic conditions, it’s imperative to periodically take stock of where your business stands. Below are some key areas to...
by Zoltan Szentirmay | Dec 9, 2024 | Accounting, Construction, Costing, Project Management
In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP, an integral aspect of the managerial...
by Zoltan Szentirmay | Dec 2, 2024 | Construction
As we wind down towards the Christmas period, it’s a season more than just for holiday cheer and festivities. For business owners in the construct and trade sector, it’s a reflective time—a moment to pause and ponder over the future of your business. As the year draws...
by Zoltan Szentirmay | Nov 21, 2024 | Business Building
The Australian business sector has recently witnessed a worrisome trend that cannot be ignored. Data released by the Australian Securities & Investments Commission (ASIC) indicates a dramatic upsurge in company administrations. The 2023-2024 financial year saw...
by Zoltan Szentirmay | Nov 18, 2024 | Accounting, Pricing
In any business, inventory plays a pivotal role in operations and financial health. As a Chief Financial Officer (CFO) with a penchant for content writing, I have observed that understanding how to accurately value inventory is crucial for maintaining profitability...
by Zoltan Szentirmay | Sep 13, 2024 | Accounting, Budgeting, Business Building
Today’s journey takes us into the heart of our operations – managing manufacturing overhead costs. These aren’t just any expenses; they’re the winds and currents that can sway our journey profitably or plunge us into losses. Keeping a vigilant eye on...