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Category archive: General

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…

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…

How to be a great time manager

How to be a great time manager

This is a guest post by Julianne Kuhlmann of Kool Results. Julianne is a leading light in South Australia’s coaching and training industry and has a deep and abiding commitment to the development of human potential, which resonates clearly in her coaching, teaching, writing and speaking. Managing time can be trickier than it seems. We often hear (or…

Top expenses to claim in your small business

top business expenses

Some small business expenses can seem irrelevant or inappropriate to include when you’re doing taxes but you can’t afford not to consider every legal possibility. Including certain business deductions could mean the difference between owing a tax bill and receiving a tax refund.   One thing you can do to make sure you don’t miss…

5 easy ways to keep your small business finances organised

5 easy ways to keep your small business finances organised

It might come as a surprise (and a big relief) to hear that some of the most common bookkeeping mistakes for small businesses are also the easiest to fix.   Apart from using the right accounting method for your business, there are a few basic things you need to know.   If done properly these five…

Are you paying the price of bad bookkeeping?

Are you paying the price of bad bookkeeping?

Are the financials of your small business getting the better of you? Do you feel embarrassed asking for help? Do you worry about the expense of having someone come in to fix the issues?   The truth is, you can’t afford not to get it sorted, right now.   Managing cash flow effectively, invoicing, payroll,…

Why turning your smartphone off is good for business

smartphone_in_bed

As small business owners we are super invested in our work. We love what we do, and we want to work on our business all the time.   Now with smartphones, tablets, and laptops, it’s even easier to do business and stay connected to clients, customers and suppliers.   With email, banking, accounting packages, and…

12 ways bad bookkeeping can hurt your business

bookkeeping mistakes

If you have a small business then you know how critical good bookkeeping is to the success of your business. You’re probably also aware of just how confusing, tedious, and consuming it can be. But more than simply being an arduous task, if not done correctly, it can cause a great deal of strife down the track….

Tips for Controlling the Budget at Christmas

Controlling Christmas spending

Keeping track of spending can be a challenge at the best of times, but never more so than during the holiday season. Along with the cost of gifts and Christmas day festivities, there’s often an increase in social activities in the lead up to Christmas and continuing throughout the holiday season. It’s fun but it…

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