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Please see below contact details for all our member firms or for more information about your local MGI firm click on the relevant website links to get further details.

For all enquiries relating to MGI Australasia, please contact our Regional Director, Ms Casey Lightbody.

Our Offices

MGI Adelaide

212 Greenhill Road,
Eastwood SA 5063

PH: +61 8 8299 8888

Fax:

http://www.mgiadelaide.com

MGI Auckland

Level 2,
Fidelity House,
81 Carlton Gore Road,
Auckland

PH: +64 9 377 1362

Fax:

www.mginz.nz

MGI Cairns

225 Sheridan Street,
Cairns North

PH: +61 7 4047 4000

Fax:

http://www.mgicairns.com.au

MGI | Joyce Dickson

Level 1
65 Canberra Avenue,
Griffith ACT 2603

PH: +61 2 6162 2600

Fax:

http://www.mgijd.com.au

MGI Gold Coast

Ground Floor,
64 Marine Parade,
Southport, QLD 4215,
Australia

PH: +61 7 5591 1661

Fax:

http://www.mgisq.com.au

MGI Perth

Level 1,
322 Hay Street,
Subiaco, WA 6008

PH: +61 8 9388 9744

Fax:

http://www.mgiparkinson.com.au

MGI South Queensland

Level 1,
200 Mary Street,
Brisbane, QLD 4000,
Australia

PH: +61 7 3002 4800

Fax:

http://www.mgisq.com.au

MGI Sydney

Level 5,
6 O'Connell Street,
Sydney, NSW 2000

PH: +61 2 9230 9200

Fax:

www.mgisyd.com.au

Enquiries

One of the most common questions we get asked is “Am I making enough money” or to put it another way “How much profit should I be making”. This video shares a simple but powerful process to assess the financial performance of your business.

So what is the financial performance of your business? Financial performance is a general measure of a company’s financial health over a period of time and can be used as a benchmark to compare your firm with other similar firms in your industry as well as to compare different industries.  Three different financial reports are used to measure your financial performance and these include the balance sheet, the profit and loss statement and the cashflow statement.

Balance Sheet

I liken the balance sheet to a photograph – it’s a snapshot of your business and  typically measures your firm’s assets and liabilities and how well these are being managed.

Profit and Loss Statement

The profit and loss statement is more like a video as it tells a story over a longer period of time, typically one financial year.  It provides a summary of operations and measures sales against expenses with net income being the net result.

Cash Flow Statement

The cash flow statement is a combination of both the profit and loss statement and the balance sheet and provides the source and uses of cash flow from operations, investing and financing.

Measuring the right financial metrics is essential for your business because they can provide important insights into how well your business is doing in comparison to other business as well as allow you to make informed decisions to maximise your growth into the future. If you want to keep your business on track, you simply cannot ignore the process of developing financial metrics for monitoring your progress.

 

About the author

Grant Field

Director, Management Consulting & Business Services

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