While this sector is vast and varied, Bizgro has a special understanding for this group as we consider ourselves to fall within the Business to Business sector.
This sector includes businesses who sell their products or services to other businesses.
These can include:
• restaurants/cafes
• business coaches
• manufacturers
• professional photo processing labs
• commercial photographers
• dental laboratories
• commercial laundry
• labour hire
• website design
• IT service providers
• project management services
• office supplies
• business promotional products
• finance brokers
• human resource management
• consultants
• wholesalers and distributors
This category can also include those in the building, rural and transport industries, as well as certain legal and insurance companies.
We focus on what is particularly unique in terms of what bookkeeping is required.
What is unique about you:
• Sales revenue associated with the good or service is invoiced and may not be received for a month or more after the costs were incurred
• In manufacturing there may be large leases or loans for equipment
• Stock parts need to be accounted for correctly
Things important for your sector that we particularly focus on:
• Debtors and aged receivables
• Creditors and aged payables
• Cashflow and budgeting
* this is particularly important for those in manufacturing, as COGS and labour costs have a strong impact on your profit
