Blog

The end of another financial year (EOFY) is fast approaching. It’s important that you’re prepared for this period every year, however this year, the global COVID-19 pandemic has meant that every business owner is contending with an untold number serious and unexpected forces, at the same time as (for many)…

A rundown on how you might get the help you need to keep your business afloat Coronavirus has brought about huge job losses and as many businesses forced to shut. These are events unparalleled since the great depression. Governments at state, territory and federal level throughout Australia have launched a…

Unforeseen expenses in business are always going to occur. The irony! However sometimes even minor hiccups in regular expense patterns can have a serious impact on small business. Finding the money to fix a plumbing issue, for example, replace equipment that has broken down, or having to negotiate about a…

You can’t manage something you don’t understand. So what exactly is business cash flow? Cash flow is simply the movement of cash in and out of your business in a given period of time. It’s one of the most important, yet neglected, areas of business. “Insufficient cash flow is crippling…

It’s a common misconception that bookkeepers and accountants are one and the same. While there is often some overlap in the two roles in business, what they are actually required to do, and how they function, are quite different. They both want your company’s finances to run smoothly, and are…