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…
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…
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…
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…
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…
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…
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…
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…
