The never-ending list of to-dos. Does it ever get shorter? When you run your own business you have to take care of EVERYTHING so it can be hard to get any “real work” done. The more our business grows, the further it feels we are to working on the true...
What is a Business Activity Statement? A Business Activity Statement commonly referred to as BAS is a statement provided to the Australian Taxation Office for all GST registered whether you are a sole trader or a company. The statement reports on how much GST...
So a big question I often get is, what are payment terms and what is the importance? Don’t businesses just pay the invoice by the due date? You would hope so, but unfortunately, this doesn’t always happen. So, let’s chat through this. What is...
If I had a dollar for every time I was asked this “what is the difference between a bookkeeper and an accountant”, I would have a lot of admin with my accounts receivables! I posted last week about what a bookkeeper does, and why they are so crucial for...
What is cash flow? And why do I need to make my cash flow?? Are we talking about physical cash?? “Cash flow” is just a fancy word for the money in your business. It can be confusing because often when we talk about “cash” we are referring to...
How do you know if your business is at a stage that you need a bookkeeper? First, it is really interesting to understand that bookkeeping has evolved from what it was when it first became a professional. I think that these days people assume that bookkeeping is the...
You’re wearing too many hats in your business! So, put your hands in the air, and step away from the bookkeeping-hat. Let us wear the stress and boredom of compliance and accounting.
