Blog

November 30, 2016

Inventories and Sales

Your merchandise stock represents a large portion of your investment in your business. It is important that you manage this inventory well to maximise your profits as uncontrolled inventories are inefficient and costly. You will benefit from Bookkeeping & Payroll Services if you run a businesses that has a number of individual products of sufficient unit value to justify stock-taking. Advantages of our service include: Product margins can be monitored at all times Stock levels can be properly controlled and kept at the minimum desired levels Current product sales trends can be quickly identified Staff savings can be obtained by the automatic production of price lists and product lists for stock-takes and stock valuations. Our inventory and sales service will […]

November 28, 2016

Managing Your Mobile Business

Small business owners work hard and are often on the move. You may be out meeting clients, working on-site or travelling between jobs. If you have an office – at home or anywhere else – you probably don’t spend a lot of time in it. Mobile phones, tablets and laptops have made working on the go much easier. You can check messages and emails, manage appointments, update business social media accounts and use apps to create and share documents. But did you know you can also manage your accounts on the go? Mobile accounting apps let you manage expenses, send invoices and track your cash flow from anywhere. There’s no need to wait until you get back to the office […]

November 21, 2016

Importance of Business Planning

Business planning is a key part of creating a successful business. Planning helps you assess how good your business idea is and decide what the best way is to make things happen. Planning lets you think about what you are going to do and anticipate mistakes. If you don’t plan, your only option is to learn as you go along – often at high expense. Effective planning helps you develop a business strategy that takes into account what you are trying to achieve and what competitive threats you face. A realistic strategy will take into account your own skills and the financial resources you have. Whether you need to raise start-up financing or not, you should write your strategy down […]

November 7, 2016

Finance Tips for Startups

“I don’t know about you, but finances aren’t really my strength. I’m an entrepreneur — a big picture guy. I like to tackle big problems and develop big visions. I don’t like to sit around staring at a financial spreadsheet while I spend hours upon hours entering expenses by hand.” Does this line of thinking sound all too familiar? The sad reality is, whether we like them or not, finances are a necessary part of running a small business. To get some insight on effective procedures that entrepreneurs can adopt to improve their own accounting practices: Avoid Procrastination One of the biggest mistakes Nobel Thomas Bookkeeper Melbourne see new entrepreneurs make is that they put off their bookkeeping needs. If […]