How to Prepare for End of Financial Year
Here are our top tips on preparing for end of financial year
Latest
Do I Need A Budget? (and How to Create One That Works)
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….
Top 3 BAS Mistakes Small Business Owners Make (and how to avoid them)
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…
Why You Need a Virtual CFO in 2025
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…
Payroll Checklist for End of Financial Year
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…
Do You Need Both an Accountant and a Bookkeeper?
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…
The Hidden Costs of DIY Bookkeeping
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,…
Lessons from Sports: Leadership and Business Success
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…
Business owners: How you can take back your freedom through outsourcing
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…
Need a bookkeeper? Here is what to look for:
Maybe you have been doing your own books, or perhaps you have a bookkeeper and it is time for a change. Regardless of your situation, a great bookkeeper should be an invaluable asset for your business, so it pays to take your time and choose wisely. There are a few key things to consider when…
