Accounting
Better business banking for accountants
Overview
Better business banking for accountants
In the competitive financial services market, a winning strategy is crucial. You spend a lot of time advising your own clients, so make sure you also benefit from specialist financial ideas and business banking support that can make a real difference to your business success and growth.
We’ve spent more than 20 years developing business banking solutions specifically for accounting firms. We can provide tailored finance solutions for the growth, acquisition and succession strategies for your business. We can guide you on the most effective way to help you achieve your long term goals while accommodating cashflow and working capital requirements. We look at the whole value of your business and take an earnings approach to funding, thereby rewarding profitable practices.
Business lending: whether you're a sole practitioner or corporate, we can fund working capital, practice acquisition or help to create personal wealth. We’ll lend against your physical business assets or the value locked within your business such as your cash flow and goodwill.
All your banking in one place: enjoy a single point of contact for your personal and business banking, including access to residential home and investment property lending.
Deposit and transaction banking: spend less time on parperwork and save time and money by managing all your deposit accounts online, helping you to keep control of your cashflow.
A dedicated Macquarie Relationship Manager: access to an accounting industry expert who will help you with financing requirements and structuring, be a sounding board for business growth strategies and your key contact for day to day personal and business banking needs.
The Macquarie experience: enjoy additional benefits such as regular business focus sessions, market-leading research, networking and professional development opportunities as well as access to Macquarie's networks and expertise.
“One of the best things about Macquarie is their segmented approach to industries and their resulting specialist knowledge of accounting businesses and how we operate. Their approach to business lending was the key driver for us in choosing them as a banker and it has helped us to substantially grow our business.
As well as acquisition funding, Macquarie has delivered further value to our business through its Relationship Managers. The level of service is very different to a traditional bank, they have been really proactive in terms of giving our business a health check and spending time discussing working on our business.“
David Rooney, Partner GPL Solutions
To find out more, call Macquarie.*
Read the Product Disclosure Statement dated 29 August 2011.
Lending
Competitive finance for accountants
We have a strong understanding of the business lifecycle stages accounting firms go through. Our knowledge of the accounting industry and innovative approach to cashflow lending, means we can structure a tailored finance solution to help you transition to the next stage of your business lifecycle. This approach to funding can assist accounting firms, from sole practitioners to corporate firms, with:
- the acquisition of entire practices or fee bases;
- utilising equity within the accounting practice to undertake 100 per cent debt funded property acquisitions;
- funding the succession of incoming/outgoing partners;
- debt restructuring to remove partners’ properties from the bank's security;
- cash flow funding options for your business’ insurance premium;
- security and cash-backed bank guarantees.
Our experience in banking accounting firms has resulted in a detailed understanding of how to structure lending that will support your business goals and objectives. All of our clients have a dedicated relationship manager, with you for the long haul, who will help your firm transition through each stage of the business lifecycle.
"Macquarie Bank has a great understanding of the dynamics and cashflow requirements of professional practices and the value of assets other than real property.
Macquarie has financed our practice with primary security over goodwill, debtors and work in progress which other banks do not appear to be able to provide or understand.”
David Lawson
Partner, Green Penklis & Lawson Chartered Accountants
Growth I Expansion I Consolidation I Succession
To find out more, call Macquarie.*
Deposit accounts
Competitive interest on your deposits
As an accountant, you need a wide range of secure deposit accounts with different access terms, and you need to be able to manage accounts quickly and simply online. Our specialised deposit accounts and online Active Banking system let you spend more time with your clients and less time reconciling bank statements.
- trust accounts, if you need to hold client funds;
- multiple investment accounts;
- at call and term deposit accounts, for a better rate of return on surplus cash.
Why bank with Macquarie?
Fast and efficient management of multiple accounts: whether it's your day-to-day transaction accounts or client trust funds, consolidated reporting makes it simpler to reconcile everything.
Easy access to records: view all your accounts online through Active Banking, so you can keep on top of your cashflow and respond quickly to client requests.
Competitive interest rates: make the most of your deposit funds with flexible interest rates based on your transaction needs.
A dedicated banking team: our dedicated team will help you with the transition and provide you with comprehensive training, contact staff and ongoing support. In addition, your Relationship Manager is an accounting industry expert who is with you for the long term. You’ll have direct phone access to them and as they only work with a small portfolio of clients you can expect them to take the time to become a true partner in your business.
To find out more, call Macquarie.
Read the Product Disclosure Statement dated 29 August 2011.
Transactional accounts
Fast, efficient banking
Fast, efficient banking, with greater control, means you can spend more time on your business and less time on your banking.
Our state-of-the-art online banking allows you to manage all your accounts easily and securely from any location, with the ability to make streamlined multiple payments and set up different access levels for authorisation.
Why bank with Macquarie?
Manage your accounts: easily and securely manage your accounts when and where it’s convenient for you, with a range of enhanced features such as Electronic Funds Transfer (EFT), salary payments by file upload, group payments, future dated single payments, recurring payments and BPAY® payments.
Easy access to records: access online statements in an easy to read, audit compliant format.
Greater security and control: set up users with different access levels and specify how many people are required to authorise transactions.
Safe, reliable merchant services: offer your clients the convenient payment alternatives of credit card, charge card and debit card with Macquarie merchant services using a physical wireless merchant terminal or online merchant service.
A dedicated banking team: our dedicated team will help you with the transition and provide you with comprehensive training, contact staff and ongoing support. In addition, your Relationship Manager is an accounting industry expert who is with you for the long term. You’ll have direct phone access to them and as they only work with a small portfolio of clients they will take the time to become a true partner in your business.
To find out more, call Macquarie.
Read the Product Disclosure Statement dated 29 August 2011.
Insights
How we differentiate
Where we differentiate from the other banks is in relation to what we offer clients above and beyond our accounts:
- regular Business Focus discussions where we review our client's banking needs and identify opportunities to help improve business profitability;
- access to quality, social, networking and professional development events and the latest investment opportunities;
- the ability to tap into the wider Macquarie expertise, experience and networks.
It’s all part of the banking tools, support and guidance that makes Macquarie the right choice for accounting businesses.
Round table series
In our series of round table discussions for accountants, Macquarie Relationship Banking brings together partners from firms around Australia to discuss practical ideas on ways to drive growth in their bottom line and position them for long-term success.
Read a summary of the insights and ideas uncovered from two recent topics:
“Macquarie backed our ideas, they told us they could do it and they didn't let us down. Now we're enjoying the benefits.”
Tony McDowell,
Partner, Abbott Solutions
To find out more, call Macquarie.
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