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…
Can you believe it is May already! With the 30th June just around the corner, now is the time to check you have your bookkeeping and accounting in order. We have put together a few tips to help you breeze through your bookkeeping for the end of financial year. Make sure your paperwork is up…
You see stories in the media often about people being underpaid and then penalties and back payments that then apply. Simply ‘not knowing’ isn’t a valid reason to not be paying your staff the right entitlements. We can provide a xero payroll review (or any system you use) and also bookkeeping training to any small…
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…
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…
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…
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…
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…
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…
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…
