APL Accountants November 2019 News


Do you know which of your vets brings the business profit up and which ones bring it down?

Register for our web event on a new way of reporting on individual veterinarian unitshttps://zoom.us/webinar/register/WN_7WrURkctT7Cc9P4DeG-l4Q 

20 November

Let’s face it, if you have more than one veterinarian working then chances are one runs their work/day at a higher profit than the other, but until now, this has been impossible to measure accurately. 

You currently know how your business performs as a whole, but it’s made up of different vets and some will be bringing the business profit up (those that run at a higher profit than the business as a whole) and some will be bringing the business profit down – but by how much?! Each vet is actually a smaller business unit within the larger one. Now you can report financially on each of these small units to identify strengths, weaknesses and exactly how much profit each one is contributing.

Do you really want to ignore that vet that runs ‘their unit’ at a LOSS whilst you have others running at 20% profit? And yes, this is actually happening in a lot of veterinary clinics. If only you knew who they were and where they needed help. 

If you would like to find out more about ‘vet business unit’ reporting then register here for our live web event 20 November https://zoom.us/webinar/register/WN_7WrURkctT7Cc9P4DeG-l4Q

Joined B1G1 yet? Add ‘purpose’ to your business.

We will be running our first Veterinary hive web event for all veterinary B1G1 members on 13 November midday Qld time. If you have signed up to B1G1 and haven’t become part of our hive yet, please let us know so that we can add you to our list of invitees. If you are already part of our hive then look out for the link to register for this free event.

If you are interested in joining B1G1 then you can do so here https://b1g1.com/connect/APLACCTS If you sign up via this link then we know to automatically add you to our hive where we will set up a chat group and run regular web events to assist with implementation, share ideas on using giving to motivate your team and engage your clients.

Dog Tales!

Hackers are like dogs with a bone! Watch out for this text message.

I can’t believe how persistent hackers are! Just like me when I have a squeaky toy in my mouth, I won’t stop until I get all the squeakers. A hacker is similar to me and they will just stick to the task at hand as long as they get the occasional squeaky reward.

Last week we received a text message on one of the APL mobile phones:

“Westpac Alert – we have detected a potential issue and blocked your internet banking. Visit https://westpac.com.au.defaultxx-device.services to confirm your device”

Note that I have changed the address above slightly to prevent any of you accidentally placing your paws on it (I just added ‘xx’ after the word ‘default’). But if you were to go to that site, you would be asked to enter your username and password for your bank account. And that’s the squeaky toy that the hacker is looking for.

So some quick lessons in what to look for:

  • Firstly this is a text message not an email which indicates a higher level of sophistication, but the same hack can be achieved with both emails and text messages. Just because it came by text does not mean that it is safe
  • Then there is the sophistication of the actual address. Just because the address contains the words westpac.com.au does not make it safe! A legitimate domain name ENDS with the company name, in this case the company name is in the beginning. The true domain here is “defaultxx-device.services” – and a name like this can belong to anyone. So don’t just look for words in the link that make you recognise your bank name. And also note that this hacker can do the same for every bank in Australia.
  • Lastly, NEVER assume that your bank will send you a text or email that asks you for a username and password. They very rarely do this, usually they use 2 factor authentication which asks for a revolving PIN number or code. If you are in doubt, call your bank but never enter a username and password via a link in an email or text message.

So don’t let the hackers get the squeakers out of the toys, that’s a job for me!

Please Note: Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the informations applicability to their particular circumstances. In particular, please note that the APL dogs who often prepare this newsletter do not have opposable thumbs so have to type with their noses.