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…
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…
Well 2021 is finally behind us and hopefully 2022 can only bring us bigger and better things. For many people, January is the perfect time for reflection on the year that was. It is also the perfect time for goal setting for the future. Setting yourself up for success in 2022 shouldn’t be hard or…
No matter how small your business may be, having a CFO can transform your business. Over many years in the industry, the three biggest challenges I see small to medium businesses face are cash flow, time management and growth. By engaging a professional who is solely focussed on the finances of the business, you can…
In business, just like in life, there are some ‘must do’s’ and then we all have a wish list of ‘nice to have’. When it comes to paying your employees superannuation, this is an absolute must do! The ATO have been coming down hard on businesses who do not comply, and ensuring employees are receiving…
Expenses, invoicing, pays, BAS, GST… the list goes on. Every business (big and small) has to do bookkeeping to some extent, and if it is done by yourself or an employee, as long as you have the right training, software and support, you can do it successfully. Here are some key tips to help you successfully…
Are you confident that your accounting systems are running optimally and efficiently for your business? By conducting a regular accounting file health check you can rest assured your accounting file remains accurate and clean. This improves the overall quality of your books enabling you to make more informed business decisions. How does a system health…
Budgets and planning go hand in hand. It’s important for every business owner to have a budget to help them understand the direction they want their business to go in and come up with a plan on how to get there. Budgeting helps you understand your business’s current financial status and will enable you to…
Here are our top tips on preparing for end of financial year
