The Complete Guide to Business Advisory, Not-for-Profit Accounting, and VCFO Services in Sydney

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The Complete Guide to Business Advisory, Not-for-Profit Accounting, and VCFO Services in Sydney

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Running a business in Australia involves more than tax returns and compliance. Strategic guidance, financial oversight, and industry-specific expertise are critical for long-term success. For many businesses, the difference between staying afloat and thriving comes down to the quality of advice they receive.

At Trinity Accounting Practice, we have been working with individuals, small businesses and community organisations since 2003. Based in Beverly Hills, NSW, we provide business advisory, not-for-profit accounting, and virtual CFO services to help clients manage compliance, cash flow, and growth strategies.

This guide covers everything you need to know about these services and how they apply to your organisation.

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Business Advisory Services in Sydney

What Is Business Advisory?

Business advisory goes beyond preparing accounts and tax returns. It focuses on strategy, growth, and operational efficiency. Advisory services provide business owners with insights that help them make informed decisions.

Our business advisory solutions include:

• Structuring advice for companies, trusts, and partnerships
• Cash flow forecasting and budgeting
• Risk management and compliance strategies
• Tax planning for sustainable growth
• Assistance with funding and finance applications

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Why Business Advisory Matters

Many small businesses only see their accountant once a year for tax returns. By working with an advisory partner, you receive ongoing support that helps you identify risks and opportunities early.

Advisory services provide clarity on:

• When to expand or consolidate operations
• How to manage debt and financing
• Strategies for staff management and payroll efficiency
• Long-term business succession planning

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Advisory for Different Industries

Every industry faces unique financial challenges. Trinity offers advisory tailored to:

• Construction and trades – project costing, payroll tax, and retention funds
• Childcare centres – compliance with ACNC and funding management
• Pharmacies – stock control, supplier invoicing, and cash flow
• Hospitality – managing seasonality and high payroll costs
• Retail – stock management and sales forecasting

Advisory ensures that these businesses not only stay compliant but also grow sustainably.

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Not-For-Profit Accounting

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Understanding Not-for-Profit Financial Obligations

Non-for-profit (NFP) organisations play an essential role in the community. Whether it’s a charity, community service, or association, these organisations face strict reporting requirements.

Our not-for-profit accounting services include:

• ACNC compliance and annual reporting
• Grant and donor fund tracking
• Payroll and superannuation management
• GST and BAS reporting
• Audit preparation and governance advice

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Challenges Faced by NFPs

Unlike businesses focused on profit, NFPs must show accountability to donors, members, and regulators. The main challenges include:

• Tracking restricted funds for grants
• Managing volunteer reimbursements
• Balancing administrative costs with service delivery
• Ensuring transparency for board members

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How Trinity Supports NFPs

We work with charities, sporting clubs and disability providers across Sydney to streamline their finances. Services extend to NDIS providers, where funding rules and compliance add complexity.

By outsourcing accounting, NFP boards gain confidence in their financial governance. This ensures funds are applied correctly and reporting obligations are met.

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Virtual CFO (VCFO) Services

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What Is a Virtual CFO?

A Virtual Chief Financial Officer (VCFO) provides businesses with the skills of a CFO without the cost of a full-time executive. Small and medium businesses benefit from strategic financial management at a fraction of the expense.

Our virtual CFO services cover:

• Financial reporting and analysis
• Budgeting and forecasting
• Payroll and compliance oversight
• Business performance tracking
• Board and management reporting

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Benefits of VCFO Support

A VCFO ensures that business owners and boards have reliable financial data to guide decisions. Key benefits include:

• Better cash flow management
• Independent advice for directors
• Assistance with financing and investment decisions
• Stronger compliance with ATO and ASIC

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Who Needs a VCFO?

• Growing small businesses expanding into new markets
• Construction companies with complex payroll and compliance
• Pharmacies managing inventory and high turnover
• Childcare centres requiring strict payroll and funding accountability
• Not-for-profit organisations that must meet governance obligations

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Industry-Specific Applications

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Business Advisory on Construction and Trades

Builders and tradies often face cash flow issues due to delayed payments and retention funds. Our construction bookkeeping services include advisory support on project costing, payroll, and GST.

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Non-for-Profit Accounting for Childcare and Education

Childcare centres operating as NFPs require detailed reporting to both the ACNC and government funding bodies. We provide childcare bookkeeping tailored to this sector.

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VCFO for Pharmacies and Medical Practices

Pharmacies deal with supplier invoices, payroll, and stock control. Our pharmacy accounting services, combined with VCFO oversight, ensure accurate reporting and better financial decisions.

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Support for Gyms, Hospitality, and Retail

Our gym and fitness accounting services, along with hospitality and retail solutions, provide financial tracking and payroll management for industries with seasonal demand.

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FAQs

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Do you provide business advisory for startups?

Yes, we help new businesses choose the right structure, register for GST, and set up bookkeeping systems.

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Can you assist not-for-profit organisations with ACNC reporting?

Yes, our not-for-profit accounting services include ACNC compliance, donor tracking, and audit preparation.

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What industries do you specialise in for VCFO support?

We provide VCFO services for construction, childcare, pharmacy, medical, retail, hospitality, gyms, and NFPs.

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Do you work with businesses outside of Sydney?

Yes, we provide online consultations and cloud accounting support for businesses across Australia.

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Why Choose Trinity Accounting Practice

Trinity Accounting Practice has been operating since 2003, providing trusted services for over 22 years. We specialise in:

• Business advisory for small and medium businesses
• Not-for-profits and community organisations
• VCFO services for businesses needing strategic financial oversight

With weekend and after-hours appointments available, we provide flexible and accessible support to business owners and boards across Sydney.

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Call to Action

For professional advisory, NFP, and VCFO services, contact Trinity Accounting Practice today.

☎️ 02 9543 6804
📍 159 Stoney Creek Road Beverly Hills NSW 2209
🌐 www.trinitygroup.com.au
📅 Weekend & after-hours appointments available
📅 Book a consultation

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🌐 Our Virtual CFO division, VCFO Australia, provides strategic financial management, budgeting,forecasting, and compliance support for growing businesses andnot-for-profits: https://www.vcfoaus.au/

📌 Learn more about whatwe offer:
https://www.trinitygroup.com.au/services

📌 Discover the industries we specialise in:
https://www.trinitygroup.com.au/niches

📌 Read more tax and accounting tips on our blog:
https://www.trinitygroup.com.au/explore-learn

📌 Our mortgage brokeragedivision, Nexus Wealth Partners Pty Ltd,helps clients with home loans, refinancing, and business finance
https://nexuswealth.au/

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