Accounting Category Archive

Beyond the Numbers: Business Growth with Purpose

Beyond the Numbers: Business Growth with Purpose

Photo by Jamie Street on Unsplash Introduction: Business growth with purpose is much more than ensuring that the bottom line is healthy. It requires a conscious effort to consider the impact that your business has on the community, the environment, and the lives of your employees. As a business owner, you may have heard the […]

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Will a budget and cash flow forecast save your business?

Will a budget and cash flow forecast save your business?

You may have heard accountants and other finance professionals talking about how important budgeting and managing cash flow is. The question is, will a budget and cash flow forecast save your business?   Well, budgeting gives us something to aim for and consistent cash flow is what is needed in order to achieve our desired outcomes.  […]

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Separate, Track, Organise and Consult

Separate, Track, Organise and Consult

Small businesses are often faced with one important question: how can finances be managed effectively?  Unlike personal finances, there isn’t a single approach that can be applied to all the business entities out there. Well, my advice is Separate, Track, Organise and Consult.  Talk to an accounting specialist and they’ll give you some guidance, helping […]

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My Strategies to Improve Your Business Cash Flow

My Strategies to Improve Your Business Cash Flow

Cash flow management is crucial to business success. Without proper management a business does not know what is coming in and out or when.  It cannot respond to opportunities or avert crisis promptly.  So, I came up with 7 Strategies to Improve Your Business Cash Flow in 7 Days. There are quite a few things […]

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5 Ways Internal Audits Empower Disability Service Providers

5 Ways Internal Audits Empower Disability Service Providers

The message is clear for disability service providers in Australia. Empower yourself with an organisational deep clean to find and fix a wealth of potentially hidden problems. This involves assessment and documentation of multiple processes, along with full reporting on all business operations - from the inside out. Genuine quality control means there are no […]

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Key Challenges for NDIS Providers

Key Challenges for NDIS Providers

The Key Challenges for NDIS Providers Survey seeks feedback on the issues your business is facing and the challenges you have in overcoming these within your business. Common responses in previous surveys have included a lack of assistance with internal processes from government, inconsistent cash flow and spent more time on administration. Provide your feedback […]

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The Most Common Bookkeeping Challenges Faced by Small Businesses

The Most Common Bookkeeping Challenges Faced by Small Businesses

How has running your business been like so far? Initially, you start small, find stable ground and then gradually, expand your business. The first phase, the development phase, is full of lessons – this is the time when you face the most challenges. And this is the right time to master your bookkeeping skills so […]

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When Should Small Businesses Turn to Accountants for Help?

When Should Small Businesses Turn to Accountants for Help?

Have you hired an accountant for your small business or do you manage payroll, invoices, taxes and other related operations all by yourself? If you want to optimise your finances and propel your growth, you should hire an accountant NOW. History shows many business owners delay working with professional accountants as much as they can. […]

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Accounting Tips for SMEs

Accounting Tips for SMEs

How do you manage your small business? Do you find it difficult to do so? Put your accounting in order and a lot of your troubles will cease to exist. Should you go about this on your own or should you seek professional help? If you are just starting out, you may be able to […]

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Accounting Trends for Current Times

Accounting Trends for Current Times

Have you set up a proper accounting system? And more importantly, do you update your system along with times? Technology has completely changed communication, collaboration, financial management and so many other aspects of running a business.  And technology continues to shape the trends in the accounting industry as well.  Let’s take a look at the […]

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