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Bookkeeping tip: invoice promptly and regularly

bookkeeping_tips

If there’s one important bookkeeping tip that we always like to pass on to small business owners, it is to always make sure to stay on top of invoicing.   Put simply. If you don’t invoice regularly and promptly, you’re leaving your money on the table.   It’s tempting to put your invoicing off until later and gradually let it slide…

The Dangers of DIY Bookkeeping

diy-bookkeeping

Bookkeeping starts with the recording of all day-to-day transactions – expenses, petty cash, invoices, wages, taxes, payments, receipts etc.   This is fairly tedious and time-consuming stuff for a busy owner, so the task is often left to last, or delegated to an office junior, or the owner’s spouse.   When it comes the time…

Bookkeeping tip: Check cash flow BEFORE crisis hits!

bookkeeping_tip

Life is full of surprises, but the fewer we have in business, the better. Cash flow is the lifeblood of your small business. It determines the financial health and well being of your business and can spell the end if you don’t have a handle on it.   It’s important to have up-to-date visibility of…

Are you using the right accounting software?

Are you using the right accounting software?

So how do you know if you’re using the right accounting software? The one that’s best suited to your business? There’s a lot to choose from and if you’re not an accountant or a bookkeeper it can be daunting to know what system you actually need.   The systems available today are powerful and sophisticated and while…

Small Business Bookkeeping Explained – Part 4

small_business_bookkeeping

Welcome to the fourth and final part of our small business bookkeeping explained blog series. These posts are aimed at explaining, in plain English, the most important aspects of small business bookkeeping.   Part 1 focused on BAS, part 2 was all about PAYG, part 3 looked at Tax Deductions, and today we’re diving into GST….

Small business bookkeeping explained – Part 3

bookkeeping_explained_3

Welcome to part 3 of our small business bookkeeping explained series. This series aims to explain, in plain English, the most important aspects of small business bookkeeping.   Part 1 focused on BAS, part 2 was all about PAYG, and today we’re looking at business Tax Deductions.   If you’re already breaking out in a…

Small business bookkeeping explained – Part 2

bookkeeping_explained_2

Welcome to the second part of our small business bookkeeping series . This series aims to explain, in plain English, the most important aspects of small business bookkeeping.   Part 1 focused on the battle of the BAS and the obligations of small business owners to really get this sorted. Today we’re looking at PAYG: pay…

Small business bookkeeping explained – Part 1

bookkeeping_explained

We have a lot of clients who come to us after having fought, and lost, the battle to do their own small business bookkeeping. Some have gotten their books into such a tangle that they’ve put off coming to us because they feel so ashamed. It’s a vicious circle and too many small business owners are needlessly…

Time to throw your shoebox away!

throw_out_shoebox

Do you keep all your business receipts in a shoebox, a file, a folder, a Tupperware container, and then wait until you have time to input them into your accounting system?   Wait! What accounting system?   If the thought of doing what needs to be done with all those pesky receipts and invoices just…

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