Bookkeeping: The importance of keeping it up to date
Blog Bookeeping, Insights & Strategy If you’re a business owner, keeping a close eye on your accounts and bookkeeping as well as checking all incomings and outgoings such as payments is vital. If your books aren’t up to date and your accounting records aren’t accurate, your business is bound to financial failure. However, if you […]
How To Do A Cash Flow Forecast
Blog Bookeeping, Insights & Strategy Poor cash flow is one of the biggest contributors to small business failure. To beat the odds and succeed in business, it pays to conduct regular cash flow forecasts. Here’s what it should include. 1. What is your anticipated income? This figure is an estimate of what you expect to […]
Cash flow and Profit – What is the difference?
Blog Bookeeping & Insights Cash flow and profit are two different things. If you own a business, it is crucial to have a deep understanding and a solid grasp of both. In this article, we will explain the difference between the two and the significance of each. Cash flow explained In a nutshell, cash flow […]
Federal Budget 2020/21 at a glance
Blog News & Insights The government has released the 2020/21 federal budget that will help soften the blow of the global pandemic and focused on boosting the economy. The program tackles different tax-related measures for businesses – aimed at slashing taxes and putting Australians who lost their jobs back into work. Those who stand to gain and […]
Doing your own Bookkeeping (or not)
Blog Bookeeping & Insights If you’re a small business owner or a sole trader, the idea of doing your own bookkeeping to save money might be a great idea. But doing your company’s financials is not something to take lightly, you may do this well in the beginning and think you’re saving money but in […]