The Safe Money Method is a must for all Australian small business owners.

It is super simple, super safe and of course… super nice.

Pros

  • This method is designed to be quick and easy to calculate, taking just 5 minutes once a week.

  • You don't need to have any accounting knowledge to use it effectively.

  • Our research is based on a sample size of 2.3 million businesses worldwide and can be applied to almost any business.

  • Despite its simplicity, even executives at large corporations use these concepts because they understand the importance of avoiding unnecessary complexity. High level operators rely on informed decision making not paralysis by analysis.

  • Although it relies on estimates, it can still be a valuable tool for starting conversations with financial advisors if you notice any red or orange flags.

Cons

  • This formula does not provide specific information on where you might be overspending or underspending in your business. Our research has shown that most profitable small businesses spend money differently, yet their tax situation and owner's profit remain relatively similar.

  • This is just an estimate, and it's always a good idea to work with a trained professional for accurate financial information. This method is best used by business owners who are currently doing nothing or who want a useful tool to check their finances in between consulting with an accountant.