Is your club getting the full benefits from systems operating within your premises - whether it be your POS system, accounting, payroll, gaming, membership or other systems?
For financial years beginning 1 January 2019 or later, your club will have to comply with the new accounting standard AASB 16 – Leases.
Back in February when COVID-19 was starting to gain media coverage, who would have imagined the profound impact it would have on the world and more importantly Australia? Most thought that it would not impact them, or it would just blow over.
Payroll
Recently, the most common issues we come across in club audits relate to payroll. The main cause of this is a lack of internal control checks performed by payroll staff to ensure employees are being paid correctly.
Gaming machine revenue has long been the financial backbone of most clubs. But especially in smaller clubs, this income stream is declining, putting substantial pressures on profitability and, in some cases, long term survival.
Within the industry, a lot of talk that we are hearing from Clubs is that gaming machine (GM) turnover is increasing, which is great, but retention is decreasing.
21.74 million Australian’s are active internet users, and 18 million Australians are active social media users, so it’s highly likely a large proportion of your club’s members, guests and potential members are active online.
One of the biggest challenges for clubs within the industry is to find suitable applicants to become board members of their club.
December 2016
Day-to-day ‘busyness’ can often mean there is less time to think about and activate long-term improvements in your club’s operations. This can become frustrating and often mean you are always on the back foot.
