Blog - Accounts NextGen



Person and team performance can be improved by Behavioral Profiling

How behavioral profiling will help you and your teamwork better.

One aspect is specific: behavioral profiling is almost impossible to avoid these times. But really, what exactly is it, and how does it help the company work better?

Behavioral profiling is the process of determining what helps a person work. Their important variables and behaviors, as well as their motivational factors and desires

Behavioral profiling is also commonly used to assist organizations in finding the best team fit, assessing somebody’s leadership skills, and improving work efficiency and communication.

The ability to communicate and be interpreted is an essential skill for an individual to have to succeed. As a boss or leader, you could learn to change your style of communication to fit better the individuals you’re working with and the circumstance when you’re more self-aware of your behavioral pattern and job priorities.

When we run our Organisational Skills training program, we’ve discovered that behavioral analysis is among the most successful exercises. It is like learning new languages for enhancing coordination, and it gives learners a valuable understanding of why individuals act the way they did. 

We should use the DISC profiling system because it is easy to comprehend, non-judgmental, and identifies an individual’s predisposition for one or two broad behavioral types and their particular variety of characteristics and traits from all four major classes. To put it another way, that individual will also have behavioral tendencies. Still, they will also have a specific formula that incorporates elements from all classes, though some would be more prominent than others. 

So, how can behavioral profiling help people and teams perform better?

It all boils down to first recognizing wherever individuals are originating from. Consider the following scenario. In a group, you might have somebody who interacts favorably but is slower to get through to the issue, while somebody else is more blunt and offensive in their behavior. They’ll likely clash sooner or later and would notice the repercussions in the squad. Consider how essential things could be if everyone knew their own behavioral and interaction styles and identified and understood everyone else’s needs.

Organizations may help their workers become more productive and, more significantly, attract them by knowing what motivates them. Numerous corporations recognize the importance of incorporating a different range of skills and characteristics into a group, including risk holders and pioneers, and others who could provide outstanding customer service. Team members may become inconsistent if any behavioral patterns are absent, causing friction and significant productivity loss. Confidence grows, collaboration increases and success on the field enhances as team members are much more conscious of the other’s preferences and desires.

Please feel free to contact us if you’d like to understand something about behavioral profiling and how to improve your personal and professional development.

Seven attributes that have existed for a long time in the workplace

Many people seem to be able to jump from work to job and industry to industry with ease. They progress from one position to another, apparently unrelated, thus increasing their pay and job opportunities.

  • Excellent listening abilities.

 Are you able to communicate a response to your coworkers or employees? Are you a good listener? Are you able to put yourself in another person’s shoes? These abilities can allow you to jump towards the front of the line for a job. It’s important to remember that communication isn’t just verbal. Regardless of your friend’s claim, writing skills, language, and pronunciation are essential if you’d like to advance in your career. Most of us are required to submit work emails, and when you succeed in your career, you will almost certainly need to compose them.

Without returning to school, you will know to prevent some of the most common blunders. Compile a list of Grammar Mistakes or Search the terms “simple grammar errors.” Checking out Grammar Girl’s guides to forming simple sentences if you’re having trouble writing. If in question, check whatever you write, even emails, with a spelling analyzer.

  • Versatility, ability to adapt, and creativity

Versatility, ability to adapt and creativity are all essential qualities. Incorporations change unavoidable, and employees who can adjust, develop, and be agile are in high demand.

Your boss would be more satisfied only with the individual who welcomes the new format and recognizes the benefits it will provide, instead of the individual that reluctantly agrees that he or she must adapt. It’s a beneficial ability to be accessible to fresh concepts.

  • Problem-solving and innovation.

In our day-to-day jobs, we all experience difficulties. You’ll hear you unless you’re some people who could create innovative ideas and resolve issues. Your inventiveness may aid your employers in gaining a growing venture or resolving a costly problem.

  • The emphasis is on the outcomes.

We’ve all worked with coworkers who spend the whole day singing their virtues but have never finish tasks. Make sure you’re not one of them. Be the one who is judged based on his or her accomplishments. Understanding the business side of the company would assist you in achieving those goals. “Are the behavior I’m undertaking better for the corporation?” you might wonder. Which is the most cost-effective alternative?”

  • Personal and social skills are excellent.

At the workplace, the approachable person gets ahead. Working well together is a requirement for nearly any career, particularly if you only encounter your coworkers once a week at team meetings. Furthermore, you can gain bonus points and accomplishments if you can develop internal or external connections, form groups, or coordinate teammates to cooperate.

Able to listen, honesty and sensitivity are among the qualities you’ll have to excel in interpersonal relations. It’s also necessary to be stable and able to recover quickly.

  • Computer abilities.

Even though your career doesn’t explicitly include programming skills, having them would get you recognized. You may use an Excel spreadsheet to assist your supervisor in solving a problem or show coworkers how to use the company databases more effectively. Technical abilities and effort are highly valued.

  • The ability to do analysis

In almost every industry, understanding how and where to find knowledge is a valuable skill. Even though you’re not a specialist, you could study a topic or problem and present your manager with alternatives, tell him or her whatever the company has done in specific situations in history, or figure out how other companies deal with it.

These abilities do not come naturally to anyone. The good news is that they have been teachable. If you’re unsure where to begin, check for advice by Searching online for the ability you would like to develop. You could also be reading a book on the topic.

Finally, remember to highlight your abilities in your portfolio, SEEK Profile, and throughout the interviews.

You have more abilities than you realize. Now is the day to explore your skills and put them to use.

7 Easy tips to improve Accounting Productivity

Efficiency isn’t about putting in extra hours at work; it’s about maximizing the time effectively.

A day has a limited number of hours. What about if you can make the most of your point, mainly with the end of the year approaching? Here have been seven quick and easy opportunities to strengthen your accounting efficiency.

1. An additional screen

An essential hardware update, such as an additional screen, will help reduce the amount of time consumed switching among apps or reports. Any time you move between programs, hitting alt+Tab or Windows+Tab takes 1-2 seconds on average; the time saved might be worth hours in a usual work period. To make matters worse, repeated disruptions rarely support productivity.

2. Say no to ineffective sessions.

Not every meeting necessitates your attendance. If there is a meeting that can achieve the very same result even though you’re not present, it may as well take place despite you. Such meetings waste time that could spend doing something else. Appointments can be stressful and affect workplace productivity.

It might be challenging at first to say no to all meetings. If such arrangements are unavoidable, maintain them brief, remove distractions, and invite those who may be extremely important. Allow yourself a brief window to contribute the Importance you are supposed to bring to this meeting. Respectfully ask to be excused so you can proceed with a clarification of your timetable.

3. Control the amount of time you spend on email.

Limiting the number of times you access your email account will help you be more productive whether your next activity is dependent on it. The majority of email-based activities are easy enough then to reply to in a short amount of time. When you’re on your way to work or another meeting, you can review and answer emails.

4. Multi-tasking is a myth.

Multi-tasking is overhyped; instead, concentrate on one job at a time. Switching work is just a diversion from what you’ve been doing on Importance. The disturbance hampers your concentration. When continuously riffling across requests or other duties, it requires over a few more minutes to refocus on the work at hand.

We waste valuable time the more we switch around through the interest of multi-tasking. Multi-tasking can seem to be indispensable and even difficult to avoid. Encourage team members to avoid disruptions when their scheduling is needed to execute a deliberate or customer-centric role.

5. Cloud Accounting

Your customers are moving digital as well as the information they exchange with you is following suit. Can improve Accounting efficiency by implementing user-friendly, cloud-based accounting services. Technology will allow you and your customers to save quite a lot of time. Might use All of the spending time on AR, data entry, and record-keeping on something else.

6. Subcontracting

Everybody understands that if you’re having trouble meeting deadlines, rather than grappling with it at your workplace for hours, hire the assistance of other competent accounting professionals to assist you in fulfilling your commitments on time.

Don’t waste time on tedious or administrative tasks. Don’t be afraid to outsource if you really can obtain more strategy by focusing on client-facing, high-value work. Even if the benefits aren’t instantly apparent, this step will at the very least improve efficiency.

Clients enjoy events that enable you to interact with them directly rather than working beyond the doors at your workplace.

7. Get enough rest.

Sleep deprivation will make you more susceptible to mistakes and reduce your productivity. Having sufficient sleep will help you feel refreshed and active during the day. Sleep not just to enhances your mindset, but it also decreases stress and enhances your brain. Your brain and body will be in a stronger position for a productive day at the office if you get enough sleep.

To sum it up

The value of time being spent on such a job, not the amount of time people spend, determines productivity. If you’re operating under a tight deadline, you could use most of these tips right away to boost productivity, while others can be tweaked to suit your work style – you could use these seven simple tips to increase productivity. Evaluate them periodically and make changes as needed to match your timetable.

Accountants who improve their business agility are better able to lead with foresight.

Accountants’ function is limited chiefly to concentrating on what occurred rather than what would occur. Here have been three practices that are helping to change that.

COVID’s unanticipated shocks, as well as the resulting rapid shifts in the economy, have highlighted the value of business agility.

The value of breaking out of conventional month-end reporting cycles and transitioning to real-time taking decisions to drive improving organizational stability and sustainability has been illustrated in the last year for several activities.

Activities require reliable observations to complement their preparation and predict quickly in the face of the growing pace of development.

1. Automating processes to increase productivity and cash flow

To allow a shift away from complicated internal systems and on to an environment of continuous enhancement performance, starting with the automation of inadequate funding, a change away from complex structural mechanisms is needed.

The appropriate collection of debtors is a critical problem for any profession. Slow cash collection is one of the leading causes of poor corporate strategy and even failures.

Faster cash collection will help increase working capital, provide such a buffer for tough times, and fund expansion. Cash flow control and optimizing cash collection scheduling are critical aspects of a company’s financial planning.

Alexander Laureti, an associate at LMS Advisory in Parramatta, was looking for ways to automate the difference between some of the MYOB Professional accounting Enterprise Service Manager structure in the LMS back office and the new cloud-based business climate that his customers profit with.

“Cerebiz Automation* is assisting us in collecting money quicker, communicating with customers, and saving time for our staff, which could be better spent on customer worksheets, Laureti clarified.

We’ve seen our existing staff provide much more value-added services to our customers, so we’ve had the technologies, Cerebiz, do the database cross-referencing and ledger transfers in the context, that’s where we want as a practice.”

So far as Laureti is involved, the big win is already enabling his workers to concentrate primarily on actual valuation tasks. In contrast, his reporting software takes care of enforcement and admin.

“We need all of our employees to be doing meaningful work as often as feasible, and we all want the program to take care of the manual operations in the context.

“This has been a fantastic improvement for our organization, so we admire it.”

2. Improved accounting software provides more accurate and timely information.

Trevor Harris, a collaborator at MRL Group in Adelaide, has become a Cerebiz customer for many years and has found that reporting provides several of the most substantial advantages.

Harrison explained, “We was using to waste a great amount of time physically manipulating records.””Having access to the resources Cerebiz offers has become a refreshing change, and it has allowed us to avoid producing the data ever again.

“Rather than counting results in the context and giving them a report each month, I’d much rather be guiding the customer.”

In this regard, Harrison recognizes a significant benefit in diverting his employee’s attention away from some of the more mundane roles of information collection and investigation and toward timely and adequate suggestions.

“So the customers are looking at one’s KPIs, going to look to their records, and when they’re doing so, they’re not troubling us all for details, but although accounting firms analyze data, I don’t assume this is where we earn a profit,” I claim.

“We’ve been capable of moving our delivery of services to a far more strategic method, and it can only be beneficial from such an economic perspective.”

3. Spreadsheets are no longer productive at covering up flaws.

Accounting, like such a rear-view mirror in such a vehicle, reveals what has happened in history, not what could or would occur in the future.

Many practices continue to rely on excel sheets to fill the gaps in their planning and budget management. That’s just what MRL had been doing, and Grant Thornton also has the same problem.

In the GT Australia Practice, the Adelaide office leaders upon design and evaluation of new technologies. Christian Van Niekerk, the boss at Grant Thornton, has worked extensively with Cerebiz, mainly on deploying unique cloud-based software and app research and evaluation for GT’s customers.

The customer was aware of the situation yet does not place a high value on it. As a result, the cost-benefit analysis was arduous for us to comprehend for an extended period.”

At this stage, Van Niekerk and the Grant Thornton teams started to experiment through the use of a Cerebiz-based reporting method.

“Our [Cerebiz] Automated Reporting method provides countless hours and allows us to move from yearly business meetings to relatively high weekly or monthly consulting services.

“It’s a big hit with the customers. It comes at a good time. They lead to higher profitability, and since it is presented in a graphical format, it is simple to read and comprehend. That, I believe, is by far the most crucial aspect.”

Claim temporary full expensing and loss carry back this tax time

You may have detected that the temporary full expensing and loss carry-back measures will support your business. Our website has helpful data concerning a way to claim or choose temporary full expensing or claims loss carry-back.

You can begin getting ready currently; therefore, you’ve got the knowledge you wish to incorporate in your 2020-21 instrument. Guidance on the way to claim the temporary full expensing and loss of the ATO has currently revealed carry-back tax offset.

Both square measures supposed to move with one another, with temporary full expensing designed to encourage new investment, which may lead to a tax loss.

While tax returns lodged on or once one Gregorian calendar month can presently be updated with new labels, businesses UN agencies have AN early balancer substituted accounting amount or ought to lodge. For a part of the year, a legal document will currently complete specific ATO forms to access the measures before one Gregorian calendar month.

Temporary full expensing

Businesses with an associate aggregate turnover of but $5 billion will straight off deduct the business portion of eligible new decreasing assets’ value. Company tax entities unable to fulfill the $5 billion turnover check should be eligible for temporary full expensing beneath the choice financial gain check. The eligible new assets should be initial control and initial used or put in prepared to be used for a ratable purpose, between 7.30 pm AEDT on half-dozen Oct 2020 and thirty June 2022.

For businesses with associate aggregate turnover of but $50 million, temporary full expensing additionally applies to the business portion of eligible second-hand decreasing assets.

You’ll need to include:

  • Whether the payer is creating an option to opt-out of temporary full expensing for a few, or all of, the eligible assets
  • The number of assets the payer is saying or opting-out for
  • The value of the assets (if applicable)
  • The total quantity of the taxpayer’s temporary full expensing deduction
  • Whether the payer is exploiting the choice financial gain take a look at (corporate entities)
  • Information regarding the taxpayer’s aggregative turnover

If you’re a tiny low business that chooses to use the simplified depreciation rules, you apply the temporary full expensing rules with some modifications. It includes deducting the balance of your little business pool at the top of Associate in the nursing financial gain year ending between half dozen October 2020 and thirty June 2022.

Loss carryback

Eligible company entities (companies, the company restricted partnership or public mercantilism trust) can be got to offer the data to create their option to deduct losses, make sure eligibility, and calculate the refundable tax offset being claimed.

The eligible entity doesn’t have to be compelled to amend the sooner financial gain years to assert the offset.

If an associate entity doesn’t favor deducting a loss, the loss could also be carried forward to use during a later financial gain year.

It includes information such as:

  • Your gap and shutting franking account balance
  • Your aggregate turnover for every loss year
  • The amounts of your tax losses that you simply are carrying back

You can start preparing early by reviewing:

  • The information you may confirm your collective turnover
  • Your franking account.

Loss carries back is meant to act with temporary full expensing, encouraging new investment, which can end in tax losses. Wherever the selection to carry back tax losses ends up in a tax refund, this may increase business income.

We are considering the applying of the loss deduct selection. It includes whether or not there’s any ability to revoke, amend or create further selections once creating initial associate loss deduct selection. We will still update this page to supply you with any data on the loss carry-back rules and the way to assert the tax offset.

The Finale words 

Businesses are trying to say the loss carry-back tax offset has been urged to begin reviewing their gap and shutting franking account balance. Their aggregate turnover for every loss year, and therefore the range of tax losses that they’re carrying back.

For businesses accessing temporary full expensing, they’re going to estimate the number of assets they’re claiming or opting out for, the worth of the assets, the full quantity of their temporary full expensing deduction, and whether or not they are exploiting the choice financial gain check.

Our Offices

Dockland Office
Level 10,
401 docklands drive
Docklands, VIC 3008

(03) 9015 8540

View on Map

Melbourne Office
Level 19,
180 Lonsdale Street
Melbourne, VIC 3000

(03) 9015 8540

View on Map

Sydney Office
Level 20 & 21 tower 2 Darling Park ,
201 Sussex St, Sydney NSW 2000

(02) 8973 7505

View on Map

Brisbane Office
Level 27,
480 Queen St
Brisbane, QLD 4000

(07) 3011 6316

View on Map

Geelong Office
73 Malop Street Geelong VIC 3320

(03) 52982000

View on Map

Adelaide Office
Level 21,
25 Grenfell Street,
Adelaide, SA 5000

(08) 8423 4554

View on Map

Perth Office
The Forest Centre,
Level 29 & 30,
221 St George's Terrace,
Perth, WA 6000

(08)9288 0603

View on Map

Available 24/7
1300 NXTGEN (698 436)


Translate »
Book Appointment