What’s the difference between bookkeeping and accounting?

Bookkeeping and accounting can appear to be similar services however they involve managing two different parts of your finances. Bookkeeping specifically focuses on recording all day-to-day business finances and transactions, including processing invoices and payroll. On the other hand, accounting is the analysis and presentation of your business finances through statements and reports to see the bigger picture.

What types of bookkeeping systems are there?

At Stones Sharp we work with various leading accounting software including Xero, MYOB and Recon for all of our Bookkeeping services. These advanced programs offer the very best Bookkeeping features and latest technology to ensure you are getting the maximum benefit and accurate reporting for your business.

Do I need bookkeeping services for my business?

Hiring professional bookkeeping services for your business can help improve the efficiency of your everyday financial management to make sure your books are always up-to-date and provide you with new insights on your overall financial position.

Business Consulting & Advisory Kew & Melbourne

How Our Business Advisory Services Can Help Grow Your Business

Through Stones Sharp’s business management consulting, we can assist in helping you create a well-functioning and profitable business that will thrive in Australia’s current economy. With many years under our belt working with different business sizes, we can help you avoid the common pitfalls that lead to failure for new businesses. Our Kew-based team will put you on the path to sustainable success with tailored solutions across all parts of your business, from organisational structure to system strategies.

As part of our business management consulting process, Stones Sharp offers:

Key Performance Indicators creation and measurement
Financial and management reports
Budget preparation and implementation
Costing and cash flow projections
Ongoing management plan for future growth
System creation and advice
Business mentoring
Assistance in buy/sell/exit agreements with your solicitor
Assistance in director/partners/shareholders agreements with your solicitor
Assistance in marketing strategies

Shane Borg

FCPA | CA
Director

Consult with Stones Sharp’s Business Advisors in Kew

Get In Touch About Business Consulting

Why do you need Business Management Consulting?

Operating a successful business is not an easy task in today’s dynamic economic environment, where many new businesses fail within their first year. A large factor for this is due to not having a long-term plan ahead. Investing in professional management consulting will have a significant impact on many parts of your business including marketing, product/service pricing, capital investment, resources, systems and management reporting.

It is also important to have procedures in place involving the future of your business. For example, creating provisions for what will happen if you wish to leave the business and pass over the reins to someone else. In situations like these, a formal business management procedure and appropriate legal agreements will help preserve your business relationships.

What Our Clients Have To Say About Our Business Consulting Services

“Shane and the team at Stones Sharp have been fantastic for us since swapping over to them. From an initial 360-degree analysis of the business, then putting logical steps in place to turn the business around and onto sustainable planning for the future, what Shane and his team have done in this time is unbelievable from both a business and personal point of view.”

Michael
Stones Sharp Client

“I would highly recommend Shane and the team at Stones Sharp who have been a valuable part of our business for several years now. They have always provided us with valuable business and financial advice to save us money, are proactive in their service and always available to answer any questions. They truly care about our business. “

Karen and Rob
Stones Sharp Client

Meet Our Kew Business Management Consultants

Arjuna

Indu

Alexandra

Ailsa

Krishan

Meet our whole team

Business Advisory Resources & Insights

The Benefits Of Outsourcing Your Accounting And Payroll Services

by stonessharp | November 5, 2018 | Accounting And Payroll | 0 Comments

As a busy business owner focused on scaling your business, your top priorities are to find creative ways to cut costs and manage time effectively. This is when outsourcing can prove extremely beneficial, no matter how big or small your operations are. Outsourcing...

Signs That Your Small Business Needs The Help Of A Bookkeeper

by stonessharp | February 28, 2018 | Accounting And Payroll | 0 Comments

When you’re a small business owner, you’re responsible for everything that needs to be done in your organisation. You’re responsible for sales, marketing and everything in between – including bookkeeping. You might be happy doing all of the above, but if you want your...

What Happens If You Don’t Lodge Your Tax Return On Time?

by stonessharp | September 11, 2017 | Accounting Options | 0 Comments

Individual Taxpayers are Australians and Australian Residents who earn over the tax-free threshold of $18,200. Those who earn more than that are required to submit an income tax return annually to the Australian Taxation Office (ATO). Failing this, the ATO has...

What You Should To Know About Estate Planning

by stonessharp | August 15, 2017 | Accounting Options | 0 Comments

The death of a loved one is traumatic and a time during which mourners should not have to fight the courts as well as family members to settle and wind up a deceased estate. Unfortunately, obtaining probate and finalising Estate matters can be costly and it can take...

Are business management consulting services ongoing?

Stones Sharp’s business management consulting is an ongoing service for our clients. We provide advisory to ensure the long-term success of a business and monitor performance to identify any ongoing challenges and opportunities.

How to get the most out of business advisory?

Before getting started with business consulting, it’s important that you have some understanding of your exact business needs and long-term goals. An advisor can then ensure you have a tailored service that caters towards your priorities and provides realistic solutions.

Julian Phang

09:00 14 Feb 19

Over 20 years minimum hassle starting with Ken and then with Shane.

John La Rocca

23:07 06 Sep 18

I have been dealing with Shane Borg and Stones Sharp for well over 20 years. Shane's personalised approach focused on providing practical and commercial solutions to business and personal problems has always been first class......Shane is truly our "Trusted Advisor".

Steven Edwards

03:50 17 Oct 18

Our family has been working closely with Stones Sharp for well over 15 years and would like to express our gratitude for the straightforward and honest advice over the years.

Marisa Panettiere

13:26 17 Aug 18

Shane and the team at Stones Sharp have been great to deal with. Very helpful and go the extra mile.

Andrew Sanderson

00:09 25 Nov 17

I have been a client of Shane Borg for some 20 plus years. Over this time I have always sought Shane’s advice for my business, investment ventures, taxation planning and obligations for my ventures and self-managed superannuation fund. Shane provides honest and directional advice that you can utilise within your decision making processes. Shane and the team at Stones Sharp are more than tax accountants, they are akin to business partners assisting me in wealth creation and business management advice…. They truly care about me and my family.The team at Stones Sharp are both proactive and responsive while they continue to communicate regularly. I highly recommend Shane and the Stones Sharp team.

Nimish Jha

06:20 27 Jun 19

Professional, quick, hassle-free, and personalised service from everyone I dealt with. Highly recommended.

Kylie Bismire

01:34 09 Aug 19

As a new customer to Stone Sharp we have had fantastic service from Shane & his team. Arriving with a messy lot of accounts, Stone Sharp made the process of sorting it out & simplifying it an easy process. Taking away all our stress & making the accounting process an easy one.

Daniel Stones

10:40 25 Mar 20

Great to deal with and I highly recommend! Shane and the entire Stones Sharp team are deeply understanding of the challenges faced by business owners. The care and empathy they show to their clients is second to none.

Ali Irfanli

23:42 25 Mar 20

Shane was invaluable with helping my business to sort out a complicated tax matter. I felt very supported during the current time where there is a lot of uncertainty. I highly recommend Shane and his team.

Pippa Sowdon

08:55 13 Aug 20

Shane was incredibly responsive and was able to assist and provide value by providing a contact who would be able to assist with an accounting service which was outside of his core business services. Thank you for going above and beyond.

Adam Aitken

10:26 21 Sep 20

We moved from a large accountant firm to Stonessharp via a recommendation. The trust, service, care and attention to detail from Shane and his team has been brilliant and was exactly what we needed. We are a medium size trades business operating in multiple states that need constant support and advice. Stonessharp exceeded the recommendation and we are thoroughly pleased with our move. Thanks again to Shane and the staff at Stonessharp, keep up the great work.

Michael Finn

04:05 24 Nov 20

Shane and all the team at Stones Sharp have been fantastic for us since swapping over to them nearly three years ago.From initial 360 degree analysis of the business, then putting logical steps in place to turn the business around and onto sustainable planning for the future. What Shane and his team have done in this time is unbelievable from both a business and personal point of view.I would highly recommend Stones Sharp to any business owner and we are looking forward to a long and fruitful working relationship (and plenty coffees!).

George Lenk

03:19 08 Mar 21

Very helpfull and prompt service accounts company.

chez chez

03:30 21 Mar 21

After my long time accountant's retirement, I had to search for a new one and It was very hard while living overseas In the USA. I am so glad to find this firm.Brilliant CPA! Doesn't nickel and dime you if you simply have a quick question. Very personable and easy to talk to which I appreciate in anyone but especially an accountant! Truly professional and exceed my expectations.

Tim Sharp

22:50 05 Sep 21

Brilliant service from Stones Sharp. And no, I am not a relation of the Directors, just a coincidence. Without even being a Client of the firm - I was subleasing office space - they have proactively kept me up to date on email with all the job keeper programs. Hence, I am moving my business and personal tax requirements over to Stones Sharp.

Sam Gilmore

00:11 16 Dec 21

Shane and his team deliver a quality and professional service. I have recently come across to Stones Sharp based on a friends recommendation, and I couldn't be happier. Looking forward to continuing to work with Stones Sharp well into the future.

Business Management Consulting, Advisory & Mentoring