Articles

Feedback loops are seen everywhere, from biological systems where they are used to achieve a stable environment to sports where performance is measured and used to make enhancements. No matter the application, the process is simple: production occurs, measurements...

How it’s calculated ((Net Profit (bos) – Current assets – Current liabilities) / Total Income) * 100 See our for explanation of Net Profit (bos) (link to https://www.benchmarking.com.au/net-profit-benchmark-calculation/) How it’s used Growth Capacity is a benchmark which shows whether the business can afford...

The Italian mathematician Luca Pacioli was the first to publish the Venetian method of bookkeeping over 500 years ago, and this has been the primary source of modern accounting ever since. You can see the relevance of his work...

How it’s calculated Net Profit can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos) is removed. Net Profit (bos) calculated as: Total Income – Expenses (excluding Owner’s Wages and Superannuation)   Net Profit (aos) is calculated as: Total Income –...

How it’s calculated Net Profit per Owner can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos) is removed.   Net Profit (bos) per Owner is calculated as: Net Profit (bos)  / Full Time Equivalent (FTE) Owners   Net Profit (aos)...

Tim explains the new and improved benchmark suite reporting feedback section for SMEs in Australia. [embed]https://www.youtube.com/watch?v=yGCvp8chNTc[/embed]

The Australian Tax Office (ATO) provides a high-level benchmark tool for business owners to compare their company’s performance to a wider range of similar businesses. There are essentially three purposes behind the ATO Small Business Benchmark Tool. These are: ...

Franchises are often considered, and sold as, a win-win business-model by both franchisors and franchisees. However, the recent Fairness in Franchising Report by the Federal Parliamentary Joint Committee on Corporations and Financial Services, released in March 2019, highlighted that...

How it’s calculated   Employee Wages as a percentage of Total Income is calculated as:   (Employee Wages & Salaries / Total Income) * 100   Note: Employee wages does not include superannuation, owner’s wages or owner’s superannuation.   How It’s Used When benchmarking expense items, such as...