Rural Financial Counselling Service Queensland South-Western Region
Financial Services in Maranoa

Assisting rural people to identify ways to become self reliant and better equipped to manage change and adjustment. Identifying financial and business options. Rural financial counselors do not bear family, emotional or social counseling, financial advice or succession planning services, but, can yield referrals and information. Rural Financial counseling Service Queensland South Western Region provides free and unprejudiced rural financial counseling to primary producers, fishers and trivial rural businesses who are suffering financial misfortune and who have no alternative sources of fair support. Independant of financial institutions, welfare agencies and government. What can rural financial counselors do? Assist clients identify financial and business options. Donate clients information about government and other assistance schemes. Refer clients to Centrelink and to professionals for succession planning, family mediation and personal counseling and emotional and social counseling. Rural financial counselors do not provide family, emotional or social counseling, financial advice or succession planning services but rural financial counselors can yield information and referrals to appropriate professionals. Refer to the lists of rural financial counselors at a location near you. It is available to Rural Financial counseling Service clients and delivered by skilled rural financial counselors. The AP provides a farm business assessment and action plan which allows clients to: Thrive cash flow budgets and projections. Analyse the financial and business performance of their farm enterprise. Prosper strategies and options that are appropriate to their farm enterprise’s business structure. Identify where they might need to receive professional advice and other government assistance. The AP assists Rural Financial counseling Service clients to profit an improved understanding of their circumstances by reviewing their current financial situation and working through their available options. Busy through an Enterprise Action Plan (AP) with a rural financial counselor led a client who ran a trivial rural contracting business to make sure changes to his business. This information was entered into the AP and areas of concern were identified, including the client’s debt to equity position. The client went back over the past six months of financial data and entered it into a cash flow and then continued to use this for the rest of the financial year. While completing the cash flow it became obvious to the client that they were not covering their costs due to two reasons: their charge rate and unplanned purchases for the business. The client, with guidance from the rural financial counselor, was capable to entire a cash flow projection for the next 12 months and use this information to underpin his decision making. The client has also attended field days covering industry specific topics and has discussed further training needs for himself and his staff.