Upside Accounting

Looking to Grow Your Business?

Are you a small business owner looking for an innovative accounting and business advisory firm that can help you grow your business, your profits and your wealth?

Here at Upside Accounting we do more than just ‘keep the financial score’ for our clients. While we are very skilled at preparing financial statements, tax returns and cash flow budgets, it is our services beyond compliance that distinguish us from other suburban accounting firms. For example, we believe your marketing could be the difference between gloom and boom which is why we help our clients with their branding, website, videos and social media strategies.

About Us

Monaghan McLean & Co was established in 1987 in the south eastern suburbs of Melbourne to service the accounting and taxation needs of local small business owners.

The foundation partners were Alan Monaghan and David McLean.

Three decades later the practice has grown significantly and built a reputation for delivering quality service and advice to small and medium sized businesses. While the business name changed to Upside Accounting in 2016 and the personnel has changed over the years, our commitment to provide exceptional value and service remains a constant.

Since the firm was established 30 years ago we have been committed to providing an ‘old fashioned’ service where the partners regularly visit the premises of clients to get a better understanding of their business, their products, their services and their staff. We have evolved from being a traditional tax and accounting practice to a full financial services firm providing business owners with more than just tax returns and compliance. In fact, our positioning statement of ‘Helping Your Business Achieve Amazing Results’ really captures our mission.

Alan Monaghan retired in 2003 while David McLean retired in 2008 at which time Adam Wilson took over the practice. The current team members take great pride in the history of the firm and continue to strive to deliver outstanding and proactive service.

Our Range of Services

Our services to small business owners are both broad and deep.

We started out as a very traditional accounting firm offering taxation and general accountancy services. However, over the years as our client’s needs changed we expanded our range of services and we now offer you an extensive range of accounting, taxation and financial services. This includes general consultancy, marketing consultancy, profitability diagnostics and benchmarking.

While our consulting services provide you with the ‘why and what to do’, our range of tools, templates and checklists provide you with the ‘how to do’. Yes, we offer you all the traditional services you would expect from an accounting firm but we believe there is much more that can be done to help you maximise your profits and improve your lifestyle.

Contact us today if you’re looking for:

• Start-Up Business Advice
• Advice regarding the Purchase or Sale of your Business
• Tax Registrations including ABN, TFN, GST & WorkCover
• Preparation of Business Plans, Cash Flow Forecasts and Profit Projections
• Accounting Software Selection and Training – Bookkeeping, Invoicing & Payroll
• Preparation and Analysis of Financial Statements
• Preparation of Finance Applications
• Bookkeeping and Payroll Services
• Tax Planning Strategies
• Assistance with your Marketing including your Branding, Corporate Brochure or Website
• Advice with your Website Development, Content and SEO
• Wealth Creation Strategies and Financial Planning Services
• Industry Benchmarking and KPI Management
• Vehicle & Equipment Finance (Chattel Mortgage & Lease)
• Monitoring and Controlling Labour and Sub-Contractor Costs
• Marketing Assistance
• Advice & Assistance with Pricing your Services
• Advice regarding Claiming Motor Vehicle Expenses
• Recession Survival Strategies
• Advice regarding Employee Relations and Workplace Laws
• Business & Risk Insurances (Income Protection, Life Insurance etc.)
• Business Succession Planning
• Advice to help you Grow your  Revenue, Profits and Business Value

We primarily work with small and medium sized business owners who are generally ambitious people looking to grow their business and maximise their profitability and business value. They invest in their business and are prepared to work hard but they also want to work smarter.

We believe our offering is unique and our pro-active team is incredibly passionate about helping business owners succeed. If you’re a committed and ambitious business owner looking to accelerate your business success we invite you to book a FREE, one hour introductory consultation to discuss your business needs. You’ll get practical business, tax, marketing and financial advice designed to help you build your business and grow your wealth. To book a time, contact us today on (03) 9575 3800 or complete your details in the box at the top of this page.

Upside Accounting – Helping Your Business Achieve Amazing Results