Switching accounting systems can feel overwhelming. I often meet business owners who want to move from MYOB to Xero, but they hesitate because of fear. What if my data doesn’t transfer correctly? What if I lose history? What if something goes wrong? These concerns are completely normal. But with the right plan, moving to Xero…
Everyone likes to save money, right? But as busy business owners, it’s easy to fall into the trap of “it is what it is” when it comes to expenses. The truth is, there are plenty of simple, proactive ways to cut costs in your business – often in areas you may not have even thought…
If you think a CFO is only for large corporations, think again. More and more Melbourne-based small to medium businesses are turning to Virtual CFO (VCFO) services to take control of their finances – without the hefty salary of a full-time executive. Whether you’re a business owner looking to step into the role of CFO…
Here are our top tips on preparing for end of financial year
As a bookkeeper working with small businesses across Melbourne for many years now, one question I hear often is: “Do I really need a budget?” The short answer? Yes. (ABSOLUTELY YES) Without a budget, you’re essentially running your business blind. You might be working hard, but without a plan, it’s easy to get off course….
If you’re a small business owner managing your own bookkeeping, chances are you’ve come close to the BAS deadline more than once and perhaps even considered throwing your laptop out the window… On the surface, BAS lodgement should be easy – especially if your records are up to date. But we regularly see the same…
Think a Chief Financial Officer (CFO) is only for large corporations? Think again. In 2025, forward thinking small and medium sized businesses are embracing the value of a Virtual CFO (VCFO) – a flexible, affordable way to gain high-level financial expertise without the cost of a full-time executive. (Winning!) So what exactly is a VCFO? And…
Do you have a payroll checklist? The End of Financial Year in Australia is not far away. Ensuring that your payroll data is accurate and reconciled is crucial for compliance and avoiding unnecessary errors. I like to use a payroll checklist to ensure I stay on top of obligations. I have made a video taking…
As a business owner, one of the most common questions you may have is: “Do I need both an accountant and a bookkeeper, or can I get by with just one?” This is a question I’ve encountered throughout my career from the star. My advice is if you can – have both. I am a…
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,…
