In an effort to save money, many small business owners take on the task of bookkeeping themselves. While it may seem like a cost-effective solution initially, DIY bookkeeping often comes with hidden costs that can outweigh the savings. Understanding these can help you make informed decisions about managing your business’s finances more effectively. Please note,…
Sports have an incredible ability to teach us valuable lessons that extend far beyond the field. One of my all-time favourite takeaways from looking at lessons we can take from sport comes from this quote: “Leadership is about serving everyone under you and asking yourself, ‘How do I give you the tools you need to…
When many people start a business, they dream of freedom—freedom to make decisions, control their time, and choose where and when they work. But for most small business owners, reality often looks very different. Running your own business can lead to longer hours and an ever-growing to-do list. A common trap is the belief that…
Have you ever wondered: how would I start my own bookkeeping practice? After a long time in the making, I have recently launched my ‘Bookkeeping Coaching: Our Blueprint to Create a Profitable Practice’ course. This course shares all the secrets of how I started my practice when I came to Australia—with no contacts, no network,…
Recently, the Commonwealth Bank of Australia made headlines for all the wrong reasons. The bank pleaded guilty to criminal charges for failing to pay long service leave entitlements owed to 17 former staff members, amounting to thousands of dollars. While this may seem like an isolated case, similar investigations have often revealed even more widespread…
Here are our top tips on preparing for end of financial year
As a small business owner it is important to review your financial reporting. Financial reports are a way to share the financial story of the business. Whether you are a one man show or you have a full team, reviewing financial reports always help in decision making. Profit and loss is not the only…
You see stories in the media often about people being underpaid and then penalties and back payments that then apply. Simply ‘not knowing’ isn’t a valid reason to not be paying your staff the right entitlements. We can provide a xero payroll review (or any system you use) and also bookkeeping training to any small…
Everyone likes to save money right? As busy business owners, we can become far too complacent with our expenses, with the old “it is what it is” justifying our lack of proactiveness. But, I am here to tell you, that there are easy ways to save your business money, and ways you may not have…
The cloud is saving businesses everywhere! You will hear people always talking about “the cloud”, you have probably even had enough of it. The cloud is saving businesses though. Big and small, it is saving them a significant amount of time and more importantly, money. Put simply, the cloud refers to the delivery of computer…
