Reclaim your time
Here are the Business Activity Statements (BAS) due dates for 2023. Quarterly Business Activity Statements Below are the standard due dates. If the due dates fall on a weekend or public holiday, you have until the next business day to lodge and pay. Quarter Due Date January, February and March 2023 28 April 2023 April, […]
Here are the Business Activity Statements (BAS) due dates for 2022. Quarterly Business Activity Statements Below are the standard due dates. If the due dates fall on a weekend or public holiday, you have until the next business day to lodge and pay. Quarter Due Date January, February and March 2022 28 April 2022 April, […]
All bookkeepers are the same. They only do data entry. I will hire the cheapest bookkeeper I can find. Right? Wrong! Bookkeeping is more than data entry. If you want to throw your money away, engage the cheapest bookkeeper you can find. Here are 4 reasons why cheap bookkeepers are money wasters. 1. Lack of […]
A bit of fun. In a recent post by Mark Lee, check out his fun blog here, he posed the question “Do accountants laugh?” The Answers It depends on their clients. Only when they lose their balance. When it’s at someone else’s expense. Yes, when their balance sheet balances. As soon as you pay their […]
Cash flow and profit are the same, right? Wrong. Your business can generate high profits and have poor, or no, cash flow. For example, your accountant says the business made a profit. The day-to-day reality is there’s no money for the payroll. Sound familiar? It sounds like a cash flow problem. What is Cash Flow? […]
Why do such a tedious and time-consuming task as a monthly bank reconciliation? Banks are established financial institutions tasked with the care and management of your money. However, mistakes happen. The purpose of a bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between […]
Running a small business is a constant struggle with daily decisions. When to spend? When to save? A more complicated decision than it would first appear. Bookkeeping is often at the top of the save list. Instead of hiring a professional bookkeeper, business owners sometimes try to do the books themselves. Or they hire an […]
The best way to make more profit from your business: avoid losses. Seems simple right? But how do you avoid losses? How do you calculate turnover to ensure costs are covered make a profit? Break-even point. The key is knowing your business’s break-even point. Knowing your break-even point allows you to set pricing and sales […]
Time is a resource, like money, that you could use to grow your small business and take your profitability to the next level. It could be time to spend with family, friends or loved ones. So here are eight ways a bookkeeper gives you back your time. 1. Save time to focus on business needs […]