The new financial year is in full swing, so how do you know your business is headed in the right direction?
You don’t need a full strategic overhaul to check in on progress. A simple review of your core financials can help you stay proactive, catch early warning signs, and course-correct well before the end of Q1.
Here are five practical ways to make sure you’re on track:
1. Compare budget vs actuals
Small discrepancies can become major issues by year-end. Review each key area of your budget, including revenue, expenses and overheads, to spot patterns or gaps.
2. Refresh your cash flow forecast
Base your forecast on current data, not just your July assumptions. Consider seasonal trends, invoice timing, and upcoming investments.
3. Revisit your working capital
How long are you waiting to get paid and how quickly are you paying others? Reviewing debtor and creditor days can unlock better cash flow and highlight operational inefficiencies.
4. Watch your margins
Are your profit margins holding steady? Declining margins could point to pricing issues, cost creep, or shifting demand.
5. Schedule monthly performance reviews
Don’t wait for the EOFY to analyse your numbers. Regular check-ins with your advisor help you stay ahead of changes in the market, your team, or your clients.
Want a deeper understanding of your business performance?
Advivo’s Business Pulse Report™ goes beyond the basics to show you how your business is really performing. This tailored report highlights the key drivers of your revenue, profit and cash flow—so you can identify areas for improvement and make confident decisions as FY2026 unfolds.
If you’re looking to take action, not just check a box, this is where to start.
