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May 31, 2016

3 Things to Consider Before You Set Up a Small Business in Melbourne

Melbourne’s business environment takes pride in housing numerous multinational companies but it also beams with a vast number of small businesses. Many of which continue to flourish in this awesome city. After all, the place isn’t lacking in people with purchasing power. Owners of small businesses are aware, however, that this isn’t enough to score success. You need a concrete business plan to start with and constant effort to keep the business afloat. When setting up a small business in this bustling city, here are three things that should be in your priority list. A marketable service or product. It’s enticing to sell something that has little or no competition, but perhaps competition is scarce simply because the market sees […]

May 26, 2016

Guide to Seamless Payroll Processing in Melbourne

When it comes to managing a business, one of the most important things you need to deal with is payroll. It’s no secret that human resource is one, if not the most, valuable company resource. Failure to handle this efficiently can result to disappointment and poor employee performance which would, over time, reflect on the company’s reputation and sales. Payroll problems can cause great amount of frustration and profit loss for business owners. Luckily, it’s one of the easiest to handle, too. Here’s how to get it right. Understand how payroll is computed. Whether you are going to process your company’s payroll on your own or you have a dedicated bookkeeper Melbourne , know what goes around in the payslip. […]

March 29, 2016

Steps to Easy Inventory

Many business owners are not too keen on doing or getting involved in inventory management. Well, it’s not exactly an exciting task but nonetheless very important in keeping the cash flow strong. A good inventory system means business funds are maximised, keeping all best-selling products consistently in stock while those that are not will only take the necessary shelf space. It also means greater profit as your business produces happy customers. Sales staff can check product availability easily and instantly, which translates to shorter wait time for customers. With such benefits, it is recommended that even with an inventory manager or a bookkeeper Melbourne running the warehouse, you should be aware of how inventory management works as well as how […]

March 25, 2016

Awesome Bookkeeping Practices for Entrepreneurs

We hear you. You’re not exactly looking forward to handling the financial aspects of your business, but of course you understand how significant they are in keeping your venture secure and profitable. If you’re the kind of entrepreneur who loses his or her way in money matters easily, start with good bookkeeping practices. Bookkeeping includes a myriad of tasks like managing payroll, purchasing equipment, monitoring supplies and issuing invoices. Even if you have a bookkeeper Melbourne in your employ, it’s important to stay on top of things and know how to lead your staff. Here are ways to make this job a breeze. Stay organized. You can’t guess how such mundane practices of keeping receipts, tracking receivables and documenting bookkeeping […]