SILosophy Episode 13 - SIL financials I Avanti Accountants

In this episode of SILosophy, Tania Gomez is joined by Melissa from Avanti Accountants to break down the complexities of SIL financials. From understanding participant-to-staff ratios to managing overtime costs and tracking cash flow, this episode is packed with practical advice for SIL providers looking to improve financial sustainability.

 

Melissa shares key insights into the Disability Worker Cost Model, the SCHADS Award, and how to effectively monitor expenses to avoid financial pitfalls. If you’re running a SIL business, this is an essential listen to help you manage your margins and stay profitable in the long run.

 

Episode Highlights:

00:00 – Welcome & introduction: Meet Melissa from Avanti Accountants

02:10 – Why understanding SIL financials is critical for long-term success

04:15 – The impact of participant-to-staff ratios on SIL funding & expenses

06:30 – How to structure rosters for cost efficiency while meeting participant needs

09:05 – The Disability Worker Cost Model: What it is & why it matters

11:40 – Understanding the SCHADS Award & its impact on your SIL business

13:50 – The financial impact of overtime & public holiday penalty rates

16:20 – Managing last-minute roster changes: Minimizing overtime costs

18:00 – How to track NDIS funding effectively & avoid running out of budget

19:35 – The importance of a cash flow buffer: How much should you keep?

21:00 – Diversifying income streams: Strategies to reduce risk in SIL operations

22:10 – Final thoughts & how to connect with Avanti Accountants

 

Follow Tania Gomez Consulting on

Facebook: https://www.facebook.com/taniagomezconsulting/

Instagram: https://www.instagram.com/taniagomezconsulting/

LinkedIn: https://au.linkedin.com/company/tania-gomez-consulting

 

Or you can also visit our website: http://www.taniagomez.com.au/

 

#silosophy, #silfinancials, #avantiaccountants, #taniagomez, #taniagomezconsulting, #ndis, #ndisproviders, #ndisfinance, #ndisfunding, #supportindependentliving, #ndisbusiness, #ndiscompliance, #ndisaccounting, #ndisepisode13, #accountingtips