Holistic Accounting and Bookkeeping
What is Holistic Accounting and is it right for your business?
Holistic is defined in the Cambridge Dictionary as “dealing with or treating the whole of something or someone and not just a part”. It’s a term most often associated with holistic medicine, the practice of improving overall health by going beyond treating just the symptoms and instead considering a person’s entire wellbeing. Likewise, holistic accounting and bookkeeping aims to improve the overall financial health for a business by looking at the big picture. Rather than focusing on a few individual aspects and how they affect the bottom line, a holistic approach takes the wider systems and operations of a business into account to help create a stronger overall business strategy.
Many small businesses scatter financial operations, with different parties handling bookkeeping, payroll and tax obligations. A holistic approach takes all the aspects into account and ensures communication across all parties so that all are working towards the same goal. Good holistic accounting and bookkeeping prioritises the overall growth of a business alongside compliance obligations.
What does the Holistic approach look like with Spectrum Accounting?
Communication and Alignment
Two of the pillars of holistic accounting and bookkeeping are communication and alignment. For Spectrum Accounting, this means taking the time to really understand what your business does and what you want to achieve. We’ll work with you to align all your financial operations to achieve your wider business goals while meeting your compliance obligations along the way. We’ll keep in regular contact with you and any other parties involved in your financial operations to help ensure everyone is working towards the same end results.
Compliance and Knowledge
Compliance can be frustrating, and some might even say ‘boring’ at times, but it is of utmost importance – getting it wrong can be catastrophic for your business and land you in hot water with the authorities. Out team are experts in the bookkeeping field and up to date with all the latest tax information in New Zealand. We’ll share our knowledge and expertise with you and help ensure that all your compliance obligations are met.
Technology
Great tech makes keeping across your financial position easy. At Spectrum Accounting we are entirely cloud- based, using top-rated accounting software that prioritises information security, visibility and efficiency. Our systems and processes are user friendly, and we can provide training to you and your team to get the most out of them.
Tailor-made Service Offering
Every business is different, each with its own unique strengths and challenges. Holistic Accounting recognises that a one-size-fits-all approach is unlikely to give your business the overall results you desire. That’s why at Spectrum Accounting we work with your existing strengths and resources and tailor our bookkeeping services to the level and extent that your unique business requires.
If you think a holistic approach could be a good fit for your business, we’d love to hear from you. Contact us today.
Customer Story: Pro Pour Concrete Systems Limited
Owned and managed by Dan Vessey, Pro Pour Concrete Pumps provide a concrete pumping service using a concrete boom pump. The truck mounted hydraulic pump transfers liquid concrete through a series of hydraulic powered articulating arms and pipes to locations that a standard concrete truck can’t easily access. Dan and Pro Pour Concrete Pumps have a reputation in the commercial concrete industry for being experienced and knowledgeable with well-maintained equipment. Dan prides himself on clear and effective communication, a crucial skill when working in fast paced and potentially hazardous commercial construction sites.
Playing to his strengths
When he set up Pro Pour Concrete Pumps, Dan was aware that accounting was not his strongest skill and planned from the start to find a reliable accountancy service provider who would be persistent, structured and ensure the financial side of his business was run the right way. He was looking specifically for a professional with experience in small New Zealand businesses who was engaged and genuine. Dan found Diane and Spectrum Accounting through a mutual personal contact and hasn’t looked back.
“What I have found with Spectrum Accounting is that I sleep better. I think more clearly and I can plan better. There is a whole section of stress removed from my day-to-day now that I have Diane and Jacquie helping me with my books and planning”
The Spectrum Accounting difference
When Spectrum Accounting started working with Dan and Pro Pour Concrete Pumps the first thing they did was to strip everything back and rebuild Dan’s financial structure and processes to ensure every element was as clear and easy to maintain as possible. Dan has been impressed by their industry experience, knowledge, structure, planning and exceptional communication.
“Spectrum Accounting work with an approach that is catered to the needs of my business. If there is anything that needs urgent attention, they are right there to alert me and help me sort it out. From transaction reconciling to extensive statistics and data collection to form an overview of financial health and performance – they have me covered, and I am very appreciative.”
Spectrum Accounting assist Pro Pour Concrete Pumps with:
- Tax compliance and GST preparation
- Day-to-day bookkeeping
- Financial planning
- Regular reports
“I feel as if I am their only client in the manner they work with me, I feel like my business is focused on, never forgotten or put to the bottom of the list like larger accountancy groups.”
If you need some help getting your books in order, talk to Spectrum Accounting today.
