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Is It Time to Switch Bookkeepers or Accountants? Here’s How to Know

Your bookkeeper or accountant plays a big role in keeping your business finances on track, but if they’re not meeting your needs, it might be time to make a change. If you’ve ever found yourself saying: “My bookkeeper or accountant never explains anything to me.” “They filed an extension without telling me, even though I […]

How to Spot and Stop Fraud in Your Business Finances

Fraud can happen in any business, no matter the size. It often starts small with an unapproved expense, a missing transaction, or a duplicate payment. If left unchecked, these little red flags can turn into serious financial losses. The good news is that most fraud is preventable when you know what to look for and […]

Get Paid Faster: 3 Invoice Hacks for Business Owners

Cash flow is crucial for every business, but unpaid invoices can cause financial stress. Late payments make it harder to cover expenses, invest in growth, and keep operations running smoothly. The good news is that a few simple strategies can help you get paid on time. 1. Send Invoices Immediately and Set Clear Terms The […]

4 Ways to Keep Your Business Resilient in Economic Uncertainty

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 […]

Accountant Retiring? Here’s What You Need to Know

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 […]

Should You Void or Delete Transactions in Xero?

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 […]

What Can You Automate in Your Business Finances?

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 – […]

Monthly Bookkeeping Tasks Simplified

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 […]

Behind on Your Books? Top Tips to Catch Up Quickly!

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 […]

Finding a Bookkeeper Who Truly Gets Your Business

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 […]

Key KPIs Every Business Should Track in 2025

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 […]

Simple Steps to Setting Up Your Accounting System

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 […]

Delegate Like a Boss to Grow Your Business

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 […]

Tips to Improve Your Financial Statements for Better Business Insights

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: […]

4 Types of Business Owners Who Need Bookkeeping Help

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. […]

Mid-financial Year Bookkeeping Tips to Keep Your Business on Track

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 […]

Is It Time to Upgrade from Spreadsheets to an Accounting Software?

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 […]

Debunking Common Bookkeeping Myths That Could Hurt Your Business

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 […]

How to Use Data to Drive Growth

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. […]

Business Update – 9 October 2024

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 […]