Economic ups and downs happen, but staying on top of your finances and efficiency can help your business stay strong. Here’s how: 1. Keep an Eye on Cash Flow Know what’s coming in and going out so you’re never caught off guard. Cut unnecessary costs, ask vendors for better payment terms, and encourage early payments […]
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If your accountant is retiring, you might be wondering what to do next. Don’t panic! There are a few key steps you can take to ensure a smooth transition for your business finances. 1. Get Your Records in Order Before your accountant steps away, request all financial records, reports, and tax documents. Make sure you […]
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When managing your transactions in Xero (or any accounting software), it’s important to understand whether to void or delete a transaction. The right choice can help you maintain accurate records and avoid potential issues down the line. Here’s a breakdown: Void a Transaction: – Use this when you’ve made a mistake but want to keep […]
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Running a business is a lot of work, but there are ways to make things easier! One of the best ways to save time and reduce stress is by automating parts of your business finances. Here are a few things you can automate: Invoices – Set up recurring invoices for regular clients. Bill Payments – […]
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Managing your business finances can be overwhelming, but breaking it down into smaller, manageable tasks can make all the difference. Here’s a quick guide to the essential bookkeeping tasks you should tackle monthly to keep everything running smoothly and your finances in check: Make sure all your business transactions including sales, expenses, and other activities […]
Falling behind on your bookkeeping can feel overwhelming, but catching up doesn’t have to be stressful. Here are some quick tips to help you get back on track fast: Gather All Your Documents: Start by organising all your receipts, invoices, bank statements, and any other financial documents. Having everything in one place will make the […]
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Not all bookkeepers are created equal, and finding the right one can make a world of difference for your business. You need someone who understands your industry, your goals, and the unique challenges you face. Here’s what to look for in a bookkeeper who truly “gets” your business: 1. Industry Knowledge They should know the […]
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As we dive into 2025, it’s time to focus on the numbers that truly matter for your business. Tracking the right Key Performance Indicators (KPIs) helps you stay aligned with your goals, spot opportunities, and make data-driven decisions. Here are some KPIs to watch this year, with examples to help you apply them: Revenue Growth […]
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Getting your accounting system up and running doesn’t have to be complicated. Follow these simple steps to create a setup that works for your business and keeps your finances on track: 1. Pick your accounting software Choose a tool like QuickBooks or Xero that fits your business needs and makes tracking finances easy. 2. Create […]
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To grow your business, you need to focus on what you do best and delegate the rest. Effective delegation saves time, reduces stress, and creates room for growth. Here’s how to delegate like a boss: 1. Identify What to Delegate. Look at tasks that take up too much of your time but don’t require your […]
Your financial statements are more than just numbers—they’re a powerful tool to gain insights into your business’s health and performance. Understanding and improving your financial statements can help you make informed decisions that drive growth, manage cash flow, and maximise profitability. Here are some tips to help you get more out of your financial statements: […]
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Managing a business is no easy task, and bookkeeping can often feel overwhelming. Here are four types of business owners who can benefit most from professional bookkeeping support: 1. Business owners who have fallen behind on their books. Whether it’s a few months or a few years, catching up on overdue bookkeeping can feel impossible. […]
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We’re halfway through the financial year—how’s your bookkeeping looking? Staying on top of your numbers now can save you time and stress later. Here are a few tips to keep your books in shape: 1. Reconcile All Your Accounts Compare your bank and credit card statements with your bookkeeping software to ensure all transactions are […]
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Are you still relying on spreadsheets to manage your business finances? While they may work for a while, as your business grows, so do the risks of errors, inefficiencies, and missed opportunities. It’s time to consider upgrading to a smarter, more efficient solution—accounting software. Here’s why making the switch could be one of the best […]
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Let’s clear up the confusion! We’re breaking down some of the biggest bookkeeping myths that could be slowing down your business growth. From thinking bookkeeping only matters at tax time to assuming software can do it all, these misconceptions might be holding you back. Here are some common big misconceptions: Myth #1: Bookkeeping is […]
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Data is more accessible than ever. But how can small businesses leverage it effectively to drive growth? Let’s explore data-driven strategies that can help you make informed decisions, improve customer experiences, and ultimately, boost your bottom line. Why data-driven strategies matter Data-driven strategies are essential for businesses seeking to remain competitive and achieve sustainable growth. […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Banks ordered to refund millions of Aussies Nearly two million Aussies could soon receive hundreds of dollars after multiple major banks were ordered to issue more than $28m in refunds. A report by ASIC […]
Procrastination can be a formidable foe for small business owners. With endless responsibilities, it’s easy to fall into the trap of putting off important tasks for later. But fear not! Here are some practical solutions that can help you slay procrastination once and for all. 1. Eat the frog first Ever heard of the saying […]
Welcome to our Weekly Digest – stay in the know with some recent news updates relevant to business and the economy. Survey reveals Australian CEOs confident of economic improvement KPMG CEO Andrew Yates has revealed some of the big economic pressures that chief executives are currently feeling at the moment. Mr Yates joined Sky News […]
Working hard can only make you more money but does not grow your money or keep it safe. And that’s where investing comes into the picture: it fights inflation, grows money multiple times, and can help secure your future. Here we have curated a list of eight factors that you need to consider before investing: […]