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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…

How Training Can Benefit Your Medical Practice

Wondered how training can benefit your medical practice? In our experience, medical practices have quite a few moving parts. There are directors, medical practitioners, reception, office staff and management. Add on top of that staff turnover and changes/ upgrades to systems and that is exactly why we created courses for medical practices! After speaking with…

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…

Which Accounting Software is Right for my Business?

One of the main reasons small businesses fail is because they don’t have a good bookkeeping system. Particularly if you have employees or inventory, a good accounting system will keep you on track. There are some businesses still doing books by hand or using spreadsheets, and there is nothing wrong with that however accounting software…