We’re privileged to be working with many small business owners in various industries throughout the pandemic. We’ve witnessed the challenges faced by businesses and the additional stress experienced. As important as it is to regularly check in on your financial health, it’s equally important to regularly...
In these uncertain times businesses are under pressure. As the pandemic continues to evolve, so too do many businesses who are looking for ways to meet liabilities and preserve jobs. The Federal Government has released stimulus packages, aimed to supporting businesses through this time and...
Like most industries, the accounting and bookkeeping landscape has changed considerably over the last few years. As technology and automation revolutionise our industry, an opportunity has emerged for the bookkeeper (that’s us!) and the accountant (that’s you!). As we both turn to advice to differentiate our...
It might be the last thing on your mind right before tax time, however auditing your technology around 30 June can be advantageous. As automation continues to replace manual number crunching, accountants need to review their technology, to appropriately plan for the coming year. Additionally, understanding...
Conversions can be a tricky beast. And if you aren’t doing conversions regularly, they aren’t always easy. Converting to any system, often requires you to know not only the incoming system, but also, the outgoing system as well. For example, to convert from MYOB over to Xero,...
The key to understanding and forecasting your business cash flow, and the management of it, is visibility! To be able to predict your cash flow, you need to understand your receivables and expenses. The easiest way to visualise your cash flow is to see the numbers...
The traditional accounting service continues to transform as technology evolves and clients demands shift. Clients are becoming more interested in the benefits of an accountant who can recognise market demands through a more proactive and advisory approach. From a world that once was routine tasks and responsibilities;...
Your clients rely on you for sound business advice. So, don’t wait for a data breach to encourage your clients to consider protection. Now is the time for them to review their data security controls and make improvements where required. With all the financial records and...
While the roles of accountants and bookkeepers can sometimes overlap, us bookkeepers see ourselves as a collaborative partner for accountants. Which means we’re happy to do the tasks that, let’s face it, prevent you from doing what you do best. But other than doing unwanted tasks, what...
To truly transform your clients’ systems, reviewing processes and systems is a great start. There are plenty of apps that can boost productivity, improve profitability and streamline collaboration between your firm and your clients. Knowing which add-ons that will enhance productivity is key to avoiding technology overload....