Read our latest insights on bookkeeping for small businesses
Managing your business’s customer debt effectively

Small business owners face a variety of challenges when it comes to managing their finances, and debt management is one of the toughest. Customer debt can quickly spiral out of control if not managed effectively, which is why it’s important to follow effective debt management guidelines so that you can stay in control of your […]

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When Is the Right Time to Increase Prices for a Service or Product

Do You Ever Wonder If And When It's Time To Raise Your Prices? When to raise prices is a topic many of my clients struggle with. Typically, you should raise your prices anywhere between 5%-10% every year or year and a half. That sounds like a lot, and it can be. You have to take […]

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How To Draft an Effective Business Plan

Before starting a new business or expanding an existing one, you may want to create a business plan that outlines your current business model and future growth. The plan can give you a detailed map of where you are, how far you've come and where you want to be with your business. It's important to […]

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Looking to Employ Someone? What You Need to Know

Before hiring a new employee, it is important to know your legal responsibilities and obligations relating to pay, tax, superannuation, hours, entitlements, etc. Employees have different entitlements depending on their type of employment: full-time, part-time, or casual. These entitlements can be found in detail on the Fair Work website.

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Benefits of Using a Bookkeeper for Your Business

These days there are numerous software programs which can help you to manage your business finances and submit your tax information to the Australian Tax Office (ATO). So, if you can do it yourself, do you need a bookkeeper? In fact, there are many good reasons why a bookkeeper is a valuable asset to you […]

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How to Reduce Bookkeeping Costs

The obvious aim of every business is to make money and the key is to maximise the income while minimising the costs. In the wake of the 2020 pandemic, this has become so much harder for many businesses to achieve. Bookkeeping is an essential area of all businesses as they are required by law to […]

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The Role of a Virtual CFO and the benefits to Your Business

Today’s market is constantly changing and evolving, and competition is fierce. Start-ups and small businesses have to work hard to gain and keep their competitive advantage. To know if your business is doing this effectively, you must keep on top of your finances. When you start your small business, having a bookkeeper or accountant to […]

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How to Get Customers to Pay on Time - Solve Your Cash Flow Problems

One of the difficulties of running your own business is getting just rewards for work from your own customers. Often the problem is that some customers do not pay or if they do, they do not pay on time. The good news is all is not lost and there are strategies that can be employed […]

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Key Points to Consider when Hiring Employees

In light of the revised Australian Tax Budget of 2015, which is dedicated to stimulating the economy by improving the overall state of the small business sector, it is the perfect time for people with entrepreneurial inclinations to make their first jump into the world of business. One of the first few hurdles a first-time […]

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Contractor Or Employee - What's The Difference?

Hiring an employee can be a time consuming and expensive process as such businesses now are also considering the option were plausible to engage a contractor to perform the same work an employee would. However, a business wanting to engage a contractor instead of an employee must know the differences between the two and what […]

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