Blog

March 16, 2015

Bookkeeping Tips For Tradesmen

Ask any tradie what holds them back in business, and often the answer will be paperwork.There is no better (or should we say worse) killer of time than having to sit at the kitchen table completing your Business Activity Statement (BAS) each quarter. Aside from doing your BAS there are all the other painful jobs such as issuing and chasing invoices, reconciling bank statements and crunching the numbers. As your business grows you might decide to outsource some or all of these tasks to a bookkeeper Melbourne. Given that a typical bookkeeper Melbourne will charge a lower hourly rate than the average tradesman, it makes very good business sense to outsource your books and BAS. So why do many tradies […]

March 13, 2015

Tips On Handling Better Cash Flow

There are promising signs for entrepreneurship and small businesses this year, but cash flow pressures remain. 2015 is set to be a key year for small companies. It’s a great time for raising finance too. With options ranging from new crowdfunding platforms, both equity and debt based, to companies providing working capital options, companies no longer have to rely so much on the ever-reluctant banks to lend them the money they need. Managing Cash Flow Nevertheless, there are challenges up ahead. For example, the retail sector continues to pose challenges in an era of massive competition and pressure on brick and mortar shops from online operators. Also, businesses across all sectors can still be hampered by cash flow issues. For as […]

March 10, 2015

Smart Bookkeeping Tips For Small Businesses

Bookkeeping is one of the more tedious tasks every business owner has to contend with when running a business. A lot of startup entrepreneurs tend to make the mistake of assuming they only need to hire a bookkeeper Melbourne only when their business is thriving and growing rapidly. Why Hiring A Bookkeeper Melbourne Makes Sense The truth is, hiring a professional and certified bookkeeper Melbourne will not only save you time performing bookkeeping yourself, it can also turn out to be a highly cost-efficient approach. Why? For one, with a reliable bookkeeper, you don’t need to constantly worry about meeting deadlines and avoiding costly mistakes. Benefits of Professional Bookkeeping In addition, your books are constantly updated which means you can […]

March 6, 2015

Why Proper Bookkeeping Is Important?

Bookkeeping is one of the most essential tasks of any business. Without proper bookkeeping, your business could very quickly and easily crash into a wall. Small business owners can do their bookkeeping on their own, but many invest in a bookkeeping service that will save them not just precious time but the risk of making very costly financial mistakes. Bookkeeping is the process of recording all the financial transactions and events that occur in your business. Purchases, sales, earnings, receipts, and payments are all meticulously recorded so that all the money that flows in and out of your business is accounted for. A bookkeeper Melbourne helps organize and track receipts and checks, and make a note of purchases as soon […]