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Benchmarking

Comparing a company’s performance metrics like profit margins, costs, or productivity against industry standards or top competitors. It helps identify strengths, spot weaknesses, and set performance targets. Benchmarking drives improvement by showing where a business stands in relation to others.

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Business Valuation

The process of determining the economic value of a business, used in sales, mergers, or fundraising.

Breakage

Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.

BAS Agent

A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.