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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 that…

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…

How Would I Start My Own Bookkeeping Practice?

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,…

Our Top 3 Bookkeeping Tips for DIY Bookkeepers

If you’re running a small business or handling your own finances, bookkeeping can often feel overwhelming. But with a little organisation and strategy, it’s completely manageable. As experienced bookkeepers in Melbourne, we have worked with countless business owners over the years and while cloud based accounting has made it easy for those who choose to…

Receipt Apps: Why we love them and you will too!

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…

The Importance of Paying Staff Correctly: Lessons from the Commonwealth Bank Case

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…

Bookkeepers or Accountants: What is the Difference and Why Both Will Help Your Business Thrive

In the world of finance and business management, the roles of bookkeepers and accountants are often confused- it is very common! Whether you’re starting a new business or looking to improve your current situation, understanding the distinctions between these two crucial roles can help you make informed decisions and set your business on the path…