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…
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…
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…
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…
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 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…
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…
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…
As we dive head first into a new financial year, it’s important to shake things up and consider strategies that will ensure your business thrives despite economic challenges. Here are some tips to help you start the year on the right foot: 1. Be Cost-Conscious Assess Subscriptions Review and Adjust: Regularly review your business subscriptions….
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…
