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Category: blog
Financial Service Roles: What’s the Difference between a BAS Agent, a Tax Agent and an Accountant?
BAS Agent. Tax Agent. Accountant. Why are there so many terms for a financial service provider when these professionals are just supposed to help you make sure that you stay on the good side of the law and not flush your entire savings away on a bad balance sheet? The terminology for the different roles… Read more
6 Common Bookkeeping Mistakes on Your Xero File and How to Avoid Them
Bookkeeping software like Xero was developed to track business expenses better and base company decisions on hard data. Used effectively, business owners can save time and set their business on the path to financial success. Making small but recurring mistakes while using them, however, could keep you from maximising the advantage it affords your business.… Read more
3 Handy Tips to Keep in Mind When Hiring a Bookkeeper
Tracking a business’ financial data and keeping it organised is a long and involved process that starts with accurate bookkeeping. Not only does a business benefit from the meaningful reports prepared by a bookkeeper for owners to analyse; it also gains an advantage over early tax planning. With two critical aspects of managing a business… Read more
COVID-19 GOVERNMENT STIMULUS PACKAGE FOR SMALL BUSINESS
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Cashflow & Forecasting – The Key to Survival!
Whilst none of us truly knows what the impact will be over the next 4-8 weeks, or how long the impact will be felt beyond this initial period of the Coronavirus pandemic. One thing that is certain is that in these times of both personal and economic uncertainty, the need to forecast and plan for… Read more
Your Finance Department acquires Beyond The Cloud Bookkeeping
Nearly all small businesses have a bookkeeper, be that a qualified external contractor or a family member doubling in the role part-time. But if the only reason you do your bookkeeping is for compliance and BAS you are missing out on a big piece of the puzzle! With the existing services that Your finance Department… Read more
Cash Flow Management Tips for SME’s
It’s important to understand that cash isn’t a representation of a business’ value, nor a measure of success; but it is the life blood of any business. For small to medium sized businesses, not maintaining control of cash flow can be one of, if not the most critical component as to whether a business fails… Read more
Business Dashboards – Can you see whats coming?
The Dashboard is an often overlooked, simple tool, that can provide a wealth of information. But why do I need Dashboards…? I know my business inside out…? Ask yourself, would you drive a car with no dashboard? Would you fly a plane with no dashboard? Well, you might…but how long would it be before your… Read more
Get up to $50,000 towards engaging a business mentor or financial advisor!
The QLD Government is currently offering grants up to $50,000 representing a 50% contribution to the cost of engaging a business mentor, CFO, Financial consultant or Advisory Board member to help you grow your business. If you have always wanted to engage a business mentor or senior financial consultant to help you in your business,… Read more
5 Cost Cutting Tips For The Savvy CFO & CEO
Once upon a time, Paul McCartney sang: “Yesterday, love was such an easy game to play.” But he may as well have been crooning about trying to thrive in business in 2017. Because in contrast to the business world of yesterday, the economy is no longer predictable, competition is higher than ever, and technology is… Read more