Business Advisory

Business Advisory

Our team delivers our service through an integrated group of specialists specifically developed and tailored to each business. We want to provide you a full suite of options that will not only complement your business but ensure it thrives. We can assist with the following:

• Start-ups

• Business planning

• Budgeting/Cash flow forecasting

• Business structuring

• Bookkeeping

• Accounting software set up

• Legal advisory

Start-ups

Our team has developed a robust support mechanism for start-ups. We are specialised in assisting you in bringing a new business from concept through to delivery and potential sale. Our team will review individual needs through an interview process and gather all relevant information to provide the best possible business advice.

Our initial startup consultation is complimentary, because we want to provide support to the emerging business in Timor-Leste. Once the first interview has taken place, we will advise on the following:

• Setting up an appropriate business structure

• Processing applicable registrations

• Ensuring the right accounting systems are in place.

In addition to this, our team will provide ongoing support, mentoring, and business guidance throughout the growth period and beyond.

Business Planning

A business plan is a formal document that sets out goals and objectives for your business and how it intends to reach those goals. A good business plan is vital to the success of your business. Our team is experienced in preparing a high quality and detailed business plan that ensures your business success. It may cover the following:

• Background and mission

• Business management team and key personnel

• Analysis of competition and competitive advantage

• Analysis of the business (SWOT analysis)

• Marketing/engagement/business development strategy

• Financial plan and forecasts

• Capital raising strategy

Budgeting/Cash Flow Forecasting

We provide expert advice in budget creation by setting up templates, discussing to understand your needs, and forecasting the cashflow requirements for your business. This process is crucial for the start-up or growth phase.

We can also assist with the set-up of specialised software to simplify your budget management requirements.

In addition, we can provide you with accurate, timely and informative cashflow forecasting reports – allowing you to:

• Control and anticipate key expenses

• Plan and prepare for expansion, stock control, and taxes

• Ensure you have enough cash flow for the future

Business Structuring

Pinnacle can provide valuable advice on the best business structure for you and assist you through the process of legal and regulatory matters specific to your industry or profession. There are four typical structure for small to medium business in Timor-Leste

• Sole trader – an individual carrying business on their own

• Partnership – two or more people carrying on business together.

• Trust – an entity that holds property or income for the benefit of others.

• Company – a separate legal entity

We can advise on the best structure for your business needs.

Bookkeeping

Our team will ensure your business has access to the most up-to-date, and accurate financial information through the provision of ongoing and efficient bookkeeping. We provide high quality and low-cost solutions to bookkeeping. We can act as your bookkeeper and take care of all your bookkeeping needs. Our bookkeeping services include:

• General bookkeeping duties, such as data entry and bank reconciliation

• Preparation of periodic management accounts for tax and decision-making

• Preparation of business appraisal and planning purposes.

• Preparation of Consolidated Monthly Taxes Form (CMTF)

We will talk with you and deliver you tailored information and constructive advice on a regular basis.

Accounting Software Set Up

Accounting software keeps business running efficiently. It is crucial to provide accurate financial information to ensure obligations are met. A good accounting software set up will also ensure you have timely and accurate information for decision-making.

Peaknical is an expert in cloud-based accounting to enable online access to your financial records. We specialise in Xero and MYOB’s range of cloud-based products.

A cloud-based accounting software will largely increase your efficiency by reducing the time of keeping the software up-to-date. Also, if you are not in your local office most of the time, we highly recommend that your business has a cloud-based accounting software in place due to its portability and convenience. For example, you are allowed to remotely invoice customers, or access to important financial information with the click of a button, without the need to wait to return to the office.

Legal Advisory

Our team has established a number of packages that are ideally are put in place before you start your business. We can assist with the following:

• Employment Agreement

• Independent Contractor Agreement

• Services Agreement/Client Agreement

• Shareholder Agreement

• Buy/Sell Agreement

• Partnership Agreement

• Loan Agreement