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