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May 8, 2015

Common Startup Pitfalls You Need To Avoid

Whether you are starting a business or you are in the midst of a challenging financial setback, it’s worth knowing my many startup companies fail and fold before they even reach their second year. The books don’t like. If you are planning to get a bookkeeper Melbourne, make sure to get up who is backed not only by expertise but also with significant experience. As a trusted bookkeeper Melbourne, here are some of the most common money mistakes newbie entrepreneurs make: Underestimating Operating Costs A lot of people decide to work with a Melbourne Accountant or a bookkeeper Melbourne when their business is thriving. However, it is generally best to get their services way before to start rolling out your […]

April 27, 2015

Bookkeeping For Trusts

If you operate a business through a trust you need to be extremely accurate with bookkeeping Melbourne as there are complex tax rules relating to calculation of net income of a trust. It is for this reason that it is important you choose a reliable bookkeeper Melbourne. Since the trust net income needs to be distributed to beneficiaries in strict time frames, up to date bookkeeping with trusts is very critical. This does require a good bookkeeping system to keep track of the business income and expenses. You would be amazed how many business owners have “half baked’ bookkeeping systems that have been set up by accountants and bookkeeper Melbourne who really do not really understand proper bookkeeping for trusts. […]

April 21, 2015

Good Cash Flow Management

For any type of business, cash on hand is critical when running an enterprise. The truth is, you don’t have to be an entrepreneur to know that cash is the lifeblood of any business. Why Cash Flow Management Is Important Maintaining a healthy flow of cash is not as easy as it sounds. This is where the expertise of your Bookkeeper Melbourne comes in. It requires a delicate balance of keeping track of money in and money out. It is also important that money comes it at the right time as you will need it to pay debts and loans, pay contractors and workers, purchase supplies, or even buy a new equipment. Cash Flow & Profit Some people confuse cash […]

April 13, 2015

Bookkeeping For Tradies

If you’ll ask any tradie what they hate about in business, almost too often the answer is paperwork. With so many things to attend to and clients to please, completing your Business Activity Statement (BAS) every quarter may not be one of your priorities — or even reconciling bank statements. But no matter how tedious these may be, these are important concerns you also need to attend to. If you don’t have the patience or the time, hiring a bookkeeper Melbourne presents the most practical option. As your business grows, consider delegating tasks to a bookkeeper Melbourne, who will charge you at a fixed monthly rate instead of on an hourly basis. Why Hire A Bookkeeper Melbourne? While doing it […]