The Bookkeeping Blunder That Could Be Costing You Thousands!
As a professional accountant, I’ve seen firsthand how a single bookkeeping misstep can cost small business owners dearly. Whether you’re a seasoned entrepreneur or just starting, this message is vital for you. Today, I’m going to share a bookkeeping blunder that’s surprisingly common and potentially very costly. Neglecting to Track Small Expenses The blunder? Failing […]
Are You Making These Common Bookkeeping Errors? Find Out Now!
In my career as a professional accountant, I’ve seen how common bookkeeping errors. These mistakes can range from minor oversights to significant blunders, impacting the financial health of your business. Let’s dive into some of these common errors and how you can avoid them. 1. Mixing Personal and Business Finances A Slippery Slope One of […]
Discover the One Simple Bookkeeping Tip That Will Level Up Your Finances!
There’s one bookkeeping tip, often overlooked, that has the potential to dramatically change the way you handle your finances. Today, I’m excited to share this game-changer with you. The Power of Consistency in Bookkeeping The tip is simple yet profound: Consistency is key in bookkeeping. It may sound mundane, but hear me out. Consistency in […]
Online Bookkeeping Service Basics
Good bookkeeping is essential for your business to run efficiently. Whether you engage an online bookkeeping service or prepare your bookkeeping in house, Bookkeeping allows a company to know how much money it has, how much it owes, and if it has a profit or loss at any given time. Bookkeeping simply means keeping records of the […]
What does a bookkeeper do?
In any business, no matter what you do, there are two things you need to keep track of; your incomings and your outgoings. Bookkeepers are generally the best persons for this job. They are the experts on keeping financial records for your business but can also flag any potential financial issues in the business and […]
Do You Understand your Payroll Service?
Payroll is the process of calculating the earnings of the employees, Pay As You Go Tax, Superannuation, Annual Leave and more. It’s important to get it right both if you use an external Payroll Service or process in house. The term payroll can refer to: A business’s financial records of employees. The payment of employee […]
How to Create a Business Budget
Business budgets are an essential tool in your arsenal when it comes to tracking the financial health of your business. An effective budget helps you plan your income and spending, and so ensures that you can properly allocate funds for needed items and activities. A business budget also helps you to: Set business goals Decide […]
6 Tips to Improve Cashflow
Business cannot succeed if not profit-driven. Making a profit should be a focus for short and long term. In addition you should consider cashflow and the ability to keep your business afloat by covering overheads paying employees, and general day to day operations. How to keep healthy cashflow and drive business profits Not everyone is financially […]
Payroll Errors you need to Avoid
We often see problems with payroll, and the employer is often not aware of it. Payroll mistakes discovered by the Fair Work Ombudsman or the Australian Taxation Office can have significant implications costing significant fines, interest and legal fees. Your payroll must be 100% compliant because the business owner is ultimately responsible. Payroll errors erode […]
