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 network,…
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…
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…
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…
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…
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…
