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How Tradies Can DIY Bookkeeping: The Right Way

Tradies Australia wide DIY bookkeeping and have for years. Running a trade business comes with plenty of responsibilities, from managing projects to ensuring customer satisfaction. Amidst all these tasks, bookkeeping often takes a backseat. However, it’s crucial for tradies to maintain accurate financial records to understand their business’s health, make informed decisions, and meet legal…

Streamlining Expense Claims

Wondered how streamlining expense claims can help your business? By putting in place a process and systems, you can be sure that claims are all legitimate and entered into your accounting software correctly. This will mean your staff are paid back correctly and quickly, and also their expenses are then entered in to your accounting…

Get Paid Quicker: Why More Businesses Are Using Stripe

Thought about using Stripe? We all work to get paid right? Let’s make it easier for people to pay us! No doubt you understand the challenges of managing finances and ensuring timely payments from clients. Stripe has been a game changer for many businesses. Not only for people with e-commerce businesses, but for anyone who…

How Business Owners Can Set Themselves Up for Success in 2024

After the ‘interesting’ year in business that has been 2023, it is quite frankly a no brainer for business owners to stay ahead of the curve and prepare for the challenges and opportunities that the future may hold. Setting the stage for success in 2024 involves a combination of strategic planning, financial discipline and a…

Christmas Party & Gifting: A Guide to What You Can and Can’t Claim

As the festive season approaches, businesses are gearing up for Christmas parties and thoughtful gifting to express thanks to their employees. Knowing what you can and can’t claim can be confusing and can make a big difference to how you celebrate. It’s crucial for businesses to be aware of the tax implications associated with these…

Receipt Apps: Why We Love Them

Receipt apps are accessible and increasingly popular. Correct record keeping is the start of successful financial management for small businesses. Whether you’ve been in business for years or just starting, maintaining organised and secure financial records is essential. These records help you make informed decisions, prepare for taxes and demonstrate the financial health of your…

Boost Your Efficiency: Integrating ChatGPT into Your Daily Operations

In today’s fast moving world, the need for efficiency is bigger than ever. Small businesses especially are often looking for ways to streamline operations, cut down on costs, and boost productivity. If you haven’t already, you need to consider using ChatGPT, the AI-driven software that’s changing how businesses operate. If you haven’t yet started integrating…

Why We Love ApprovalMax for Medical Practices

ApprovalMax is a cloud-based approval workflow solution designed to simplify the approval processes for various financial transactions. While it wasn’t specifically designed for medical practices, its features can be very beneficial for them just as they are for other businesses. Here are our favourite ways ApprovalMax helps medical practices. ✅ Streamlined Approval Workflows Medical practices…

Lessons from Sport to Business- Simplify the Game Plan

In the world of sports, strategic planning plays a crucial role in achieving success. Athletes and coaches understand the importance of simplifying complex game plans into manageable components, allowing team members to act quickly and work towards a common goal. This principle resonates strongly in the business world as well. The Power of Simplification when…

Empowering Your Team for Success: Lessons from Sports to Business

“You are a true leader when you help your team become successful. Remember leadership is not about you, it’s all about the people you serve.” Sports and business at first thought might seem worlds apart, but there are numerous things that we can learn from sports that apply to our lives in the business world….

Doing Your Own Bookkeeping: It Is Easier Than You Think

As a small business owner, keeping up with your finances is one of the most important tasks you have. Bookkeeping can be a daunting task and many business owners end up outsourcing it to a professional due to a lack of confidence or knowledge. However, with the right training and systems in place, doing your…

Teamwork Makes the Dream Work: A Lesson from Sport to Business

Teamwork, effective communication, and self-discipline are all vital factors for success in both sports and business. Another valuable lesson we can take from sport that can be applied to our business lives that I want to share is that teamwork truly makes the dream work. Teamwork Though it’s possible to start a business on your…

Top Tips for Management Reporting

Good management reporting is essential for any business. These reports are crucial when it comes to analysis and making business decisions. Here are my top tips for getting good management reports using your accounting software. Ensure Consistency in Allocations When allocating transactions, it’s important to be consistent. For example, if you’re allocating a transaction to…

Competing With Yourself: A Lesson From Sport To Business

If you know me, you know I LOVE sport, and my son loves his sport even more. He is a fanatical cricket fan. He would play cricket, and then come home and get straight on the My Cricket app to look at his stats and work out where we went wrong and what he could…

Managing Expense Claims

What are expense claims? If you are a business owner with staff members who spend their personal money for something business related and they want you to reimburse it or if you don’t have a staff but you are under a company structure where your identity is completely different to the business and you purchase…

Trouble with Xero?

What can I say? I am passionate about Xero! For me Xero makes accounting accessible and straight forward for business owners that don’t have much experience with bookkeeping. It is simple to use and gives you all the up to date reporting that you need. It also means that you can do all of your…

Small Business Owners: Let’s Talk Training & Why it is Crucial

Training is important because it represents a good opportunity for employees and business owners to grow their knowledge base and improve their job skills to become more effective in the workplace. Training empowers you and your team to learn new skills, refine existing ones and promotes performance and productivity. These are the ingredients which allow you to be the leader you’ve always dreamed of!

Why Reporting is Crucial for Small Business

  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…

What to look for in a Bookkeeper

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…

3 Easy Ways to Save Your Business Money in 2022

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…

How the Cloud is Saving Businesses

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…

How To Set Yourself Up For Success In 2022

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…

How a CFO can Transform Your Business

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…

The Best Investment is an Investment in Yourself

As busy business owners, we rarely have time for ourselves, let alone time for upskilling in areas that may not directly correlate to your businesses offering. Time and time again, business owners approach us with their books in quite a state. Yes, of course we can help sort things out, however what we can also…

Why Paying Super Late Can Eat Up Your Business

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…

DIY Bookkeeping

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…

How a System Health Check Can Help the Quality of your Books

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…

Importance of Budgeting and Planning

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…

bookwork spread over a desk with a pen

How to Prepare for End of Financial Year

Here are our top tips on preparing for end of financial year

Top Tips on Finding the Right Bookkeeper

Are you one of the many business owner’s who has not been able to find that super star bookkeeper? The idea of finding a good, reliable bookkeeper can be an overwhelming task if you don’t know what to look for.    Here are are top tips to help you find the right bookkeeper for your…

The Importance of Management Reports for Business Owners

As a business owner it is important to review financial reports. 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 report to be…

The Top 10 Bookkeeping Mistakes in Food Manufacturing Businesses

Many small to medium businesses have a part time bookkeeper or have an office manager that does their bookkeeping. For the most part these people are fantastic, however, there are some common mistakes that they make and these can cost you as a business. In this video we will take you through the areas that…

Managing Your Cashflow in Xero

What is the biggest problem that small businesses face? CASHFLOW!!!In this 45 minute webinar Neha will talk about cashflow, how to manage it better and how to use your Xero software to help you.If you are a small business using Xero then this is a must see webinar!

What to Expect When Working With a Virtual CFO

In this video Neha talks about how a VCFO can help your business and what the process is for working with one.  

The Importance of Training for Business Owners

Training is important because it represents a good opportunity for employees and business owners to grow their knowledge base and improve their job skills to become more effective in the workplace. Here’s our top 5 most important areas for training: Financials – Understanding how to read these financial statements is the first step in understanding…

Positives for Business Owners Post Covid

Positives for Businesses Post Covid The complete humanity is going through distress with the Pandemic. Our heart goes out to families who have been affected by and have lost loved ones due to Covid. This has been a challenging time for everyone, especially business owners. Business owners across the globe have been forced to adapt…

Jobkeeper: Fair or Unfair

In March 2020 the government introduced the JobKeeper payment scheme; a response intended to keep more Australians employed while supporting business owners affected by the current economic downturn due to the global pandemic. This was a great initiative introduced by the government however due to a strict set of guidelines on who is eligible for…

Get your Accounting System Sorted this Lockdown

I get it, you have more important things to do in your business than accounting right? While most people find doing their bookkeeping and accounting tiresome it is important to the overall health and wellbeing of your business. So, if you are using paper or excel and have been thinking of accounting softwares we’re here…

Automated Business Systems

Ask any small business owner what they need more of and the answer is always TIME! Running a small business is time consuming and there is often never enough of it. The second response is probably around cash flow. Small businesses need to operate on a lean budget and every dollar counts. So, what if…

accounting systems

Let’s Talk About Accounting Systems

 Ask any small business owner what they need more of and the answer is always TIME! Running a small business is time consuming and there is often never enough of it. The second response is probably around cash flow. Small businesses need to operate on a lean budget and every dollar counts. So what if…

accounting systems

More CoVID 19 stimulus measures for businesses

Less than 2 weeks after announcing a very generous stimulus package to both individuals and businesses the government has rolled out a second package that will operate in addition to the first package. The additional spend is equal to $66 billion across both households and businesses. This brings the total investment so far to $189…

COVID-19 Stimulus for Your Business

Last week the Federal Government released a stimulus package to help keep Australia’s economic head above water. While much of the stimulus package was focused on health resources (of course), there were also some big measures focused on economic stimulus, with small businesses getting a much needed boost in a few areas. In particular those…

Automation & Business

Ask any small business owner what they need more of and the answer is always TIME! Running a small business is time consuming and there is often never enough of it. The second response is probably around cash flow. Small businesses need to operate on a lean budget and every dollar counts. So what if…

Top 10 Reasons You Need a Virtual CFO in Your Business

Virtual CFO’s have been around long before Covid. Of course your mind immediately thinks of the astronomical cost of a CFO, however the main benefit of a virtual CFO is the removing all the overheads. The affordability of having a Chief Financial Officer (CFO) is no longer just a luxury for large corporations. Businesses of…

Do you DIY Bookkeeping? Know You’re On Track with a Health Check

With the constant pressures of cost of living not to mention businesses having a hard time everywhere at the moment, cutting back and finding ways to save is at the forefront of everyone’s mind. Since the rise of cloud accounting (systems like Xero, MYOB etc), DIY bookkeeping has never been easier. As bookkeepers of course…