When a customer asks you for a quote, it means they’re seriously considering doing business with you and you’re one step away from closing the deal. But it’s important to get your quote right. A price quote is a formal document, and it outlines your understanding of what is involved in the job and your […]
Is Your Small Business Ready For Single Touch Payroll?
Are you ready for Single Touch Payroll? For employers with 19 or fewer employees, single touch payroll (STP) legislation will be coming into effect on the 1st of July 2019. Are you ready? What is Single Touch Payroll and what do the changes mean for your business and who does it affect? What will you […]
Looking For Business Funding? We Can Help.
Top tips for successfully securing funding for your business The key enabler for success for many startups and small businesses is securing funding. Even with the growing support around the world for investing in entrepreneurs, many businesses still struggle with the preparation required when applying for funding. Here are our top tips: Network – get out […]
How To Do A Bank Reconciliation
Bank reconciliation keeps your bookkeeping accurate and can help lower your tax, alert you to fraud, and allow you to track costs. Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It can take a lot of time to do it manually, so you may want to […]
What Role Does Your Board Play? Understanding Leadership
Once your business is incorporated and becomes a limited company, you’ll need to have a ‘board of directors’ in place to provide your core leadership and run the business. But why do you need a company board? And what are the different roles and functions that each member of the board supplies? Leading the business […]
Construction Accounting Basics
Like any other business, if you’re starting a construction business it pays to do it properly. That means getting your accounts in order before you take on any work. But building projects can last for months or even years and you might be both an employer and a contractor. Plus, construction accounting regulations vary around […]
Cash Vs Accrual Accounting – It’s All About Timing
What are the two methods? Understanding cash and accrual accounting comes down to timing. In a cash-based accounting system you recognise income and expenses when they happen, that is, when the money arrives into or leaves your bank. In an accrual-based accounting system, income is recognised at the date the customer is invoiced and expenses […]
Farm Accounting – 10 Tips
What Is Farm Accounting Farming is a business with unique accounting needs. The specific challenges you face in running a successful and thriving farm, requires tailored business advice. Not many other businesses rely on living produce and have so many factors that can dramatically affect profit and loss. Managing these well using all the accounting […]
Choosing A New Business Bank Account?
A business bank account is an essential requirement for any business. But with so many banking providers out there, how do you know which business account to choose? The key is to know what you require from a bank account, and to choose a bank that understands the banking, financial and funding needs of your […]
