In this episode of the Connect podcast, Steven Franks, founder of Higher Purpose Accounting, shares his journey from a 25-year career in corporate finance to consulting for small businesses. Drawing on his extensive experience, Steven explores how business owners can gain clarity and confidence with their numbers, especially those operating in the NDIS sector or other purpose-driven fields.

Steven covers:

• The fundamentals of cash flow forecasting, why it matters all year and how to create a simple forecast
• Common financial challenges faced by SMEs and strategies to overcome them
• The growing influence of AI in accounting and how to use it responsibly
• The benefits of online courses for boosting financial literacy and empowering business owners
• Practical tips for reviewing expenses, uncovering hidden costs and improving profitability
• The importance of hands-on client engagement and building long-term financial partnerships

This episode is packed with actionable advice and real-world examples to help you take control of your finances, prepare for end of financial year obligations and set your business up for sustained success.