However big or small your company, business meetings are likely to be an inevitable and regular part of your working week – but are you getting the most from these meetings? For operational decisions to be made, marketing campaigns planned, or sales initiatives cooked up, you and your team need time to sit down and […]
Why Bookkeeping Is Essential For Your Small Business
As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious. In fact, they deal with the organisation, the recording and the reporting of financial transactions of a small business. Simply put, a bookkeeper clears the way for the accountant to work with your business strategically. […]
How To Use Forecasts And Scenario-Planning
For centuries, accounting was all about reviewing historic information – but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, that limits the insights you can achieve into your business. With a backward-looking ideology, it becomes difficult […]
Competitor Analysis – Know Who You’re Up Against
Knowing who your competitors are is a key piece of business intelligence, helping you understand your market and the core threats and opportunities in your sector. Competitor analysis is the process of identifying, researching and gauging the threat posed by your competitors and is usually carried at prior to launching your business. But monitoring competitors […]
Your PAYG Withholding Statement (IAS) Is Due On The 21st
Some employers need to pay PAYG withholding liabilities to the ATO monthly, even if the BAS is lodged quarterly. The monthly instalment activity statement (IAS) and payment is due on the 21st, whether you are lodging your own statement or using our lodgement service. Things to review before finalising the IAS: Have you allocated all […]
Your Monthly Activity Statement (BAS) Is Due On The 21st
Your monthly activity statement is due by the 21st of this month. Use the following checklist to make sure you are ready for lodgement day: Have you allocated all bank transactions to the correct accounts? Have you verified that the bank balance listed in your accounting software matches the balance in your bank account? Do […]
How Healthy Is Your Working Capital?
We all know that cash is king when it comes to business success, but what exactly is ‘working capital’ and how does this financial metric help measure the health of your business? Working capital is made up of the cash and assets that are available in the business to fund your operations and keep you […]
Your Workspace Can Impact Productivity
A great office space is about keeping your people happy, productive and working towards the key goals of your business. An office is more than a place to put your desks, it is the heart of your business and the space where your people will spend most of their working day. Your office needs to […]
Fundamental Three To Successfully Scale Up Your Business
There are three fundamentals to successfully scale up your business: having a clear organisation structure, having comprehensive systems, and developing great leadership. Heard the quote, “What got you here won’t get you there”? These are wise words (and the title of a book you should read!) are from Marshall Goldsmith. Choosing to scale your business […]
