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Never underestimate the discipline needed to make a budget work for your business. In the course of a financial year, you may be tempted to spend off-budget but these temptations can be avoided. In this post, you’ll find five top tips to help you stay on top of your budget.
How to stay on top of your budget Read More »
A small business is equally vulnerable to the tides of economic change. While change isn’t bad in itself, it can throw you off balance. Whether you survive or thrive depends on how prepared you are.
How to implement an effective contingency plan Read More »
With COVID-19 impacting almost every aspect of business, it’s more important than ever to get your finances in order. This is especially vital when your startup transitions from an idea to a viable company. Many startup owners feel they don’t want or need to hire an accountant. However, outsourcing your financial concerns to a bookkeeper
5 reasons your startup needs a bookkeeper Read More »
With the end of the financial year around the corner, you’re probably busy planning for the next one given the prevailing economic malaise. However, there will be significant differences in the way you approach it for 2020/21. As a small business, you may have realised the cushion between survival and collapse is very thin. In
How to plan a budget in a crisis Read More »
If you haven’t transferred your bookkeeping to a digital format and enlisted remote help to ensure it’s getting done correctly, now is the perfect time to do so. With many companies effectively closed down due to the pandemic, and others operating on a limited service, it’s an ideal time to be streamlining your operation and
Four reasons why online bookkeeping is good for your bottom line Read More »
A pay rise request can be tricky to handle, and both personal and organisational issues have to be considered in the deliberation process. It can be emotional as well. In this post, we’ll discuss the steps you can take to manage this and incorporate the practice into your payroll management system.
How to handle pay rise requests effectively Read More »
If your business is struggling right now, know you’re not alone. The Australian government has launched the JobKeeper program to help businesses and employers continue to pay their employees and stay in operation while cash flow is low or even obsolete.
Government financial support during COVID-19 Read More »
One of the less desirable responsibilities a business owner has is bookkeeping. Although cloud-based accounting is a great help, nothing beats having an effective bookkeeper by your side. Hence, as a business owner, it is imperative you have a productive relationship with your bookkeeper.
How to have a productive relationship with your bookkeeper Read More »
Regardless of the number of employees you have presently, you should have in place an effective payroll system. Aside from rents or leases, machinery and tax obligations, payroll is probably a major expense of small-medium sized businesses. Like all of the aforementioned expenses, ensuring your employees are paid well and promptly contributes directly to the
How to implement an effective payroll system Read More »
If you’ve treated your bookkeeper at arm’s length, it’s time to work with them in partnership. Various financial aids and incentives have been rolled out by the government as well as banks in recent weeks. For many small businesses, these relief packages are lifelines. However, like many small business owners, your days at work have
What to discuss with your bookkeeper in a crisis Read More »
