Are your financial reports providing key information for proactive decision-making in an easy-to-analyse format? CareCFO works with our clients to develop end-user driven financial reports for Board and Management Reporting. We have helped hundreds of clients improve their reporting for easier analysis and decision-making.

CareCFO is built on working with organisations to improve their financial position. We are experienced and specialise in the aged care and disability sectors. We can analyse your financial performance from an efficiency, productivity, and benchmarking standpoint. Our financial analysis will identify recommendations for ongoing financial improvement and enhancement. 

Many of our clients have been using the same Chart of Accounts for over a decade and are finding it to be outdated and no longer relevant. Our finance consultants can review your Chart of Accounts Structure (General Ledger) to best practice standards to enhance reporting and balances of financial data. Following an audit, you will easily be able to identify and analyse your income and expenses.

The drive for efficiency through innovation and technology should be coupled with efficient resource deployment and process enhancement. Let us review your processes and make recommendations for improvements to help you gain operational efficiencies.

CareCFO provides comprehensive payroll auditing services. Our Payroll Accountants have experience managing complex payroll systems in highly regulated sectors. We have worked with most payroll and rostering systems and can provide advisory services in relation to the configuration of payroll systems, implementation of payroll processes, and data integrity checks as a function of the payroll audits.

If you are on a Board, a CEO, or an Executive looking to improve your financial acumen, our financial mentors can help. We have experience developing financial knowledge of leaders and can explain complex terms simply and assist with developing financial analysis skills. Our mentors have years of experience successfully mentoring and enjoy working with people to build their confidence. We can also work with finance team members new to aged care to build their sector knowledge.

Many organisations don't have a Financial Governance Framework in place, or it may be incomplete. This can include policies and procedures, month end checklists, EOFY checklists, financial compliance statement, financial reporting, and more. Ensuring financial compliance with financial standards, Corporations Act, ACNC and Department of Health, NDIA and Aged Care Quality and Safety Commission, and NDIS Quality and Safeguards Commission is essential.

If you have identified the need for a new software system but lack the time to adequately scope, select, and implement it, CareCFO can help. We have worked with many organisations to review finance systems, payroll systems, rostering systems, care systems, HR systems, and other key business software systems.