Healthy Business Finances

Running a small business can be rewarding, flexible and occasionally even fun.

It can also mean lying awake at 2 am mentally calculating whether there is enough money for wages, suppliers, rent and the BAS.

Financial stress in small business is common, but that does not mean it should be ignored. When money is tight, business owners often respond by working longer hour...

The pays have gone through, the employees have received their money and nobody has sent you a panicked email. That means everything is correct, right?

Unfortunately, not necessarily.

Payroll errors do not always arrive waving a giant red flag. They can sit quietly in the background, repeating every pay cycle until someone finally notices. By then, one ...

There was a time when bookkeeping mainly meant entering transactions, reconciling bank accounts and keeping a neat pile of paperwork somewhere near the computer.

Those days are disappearing quickly.

Accounting software, bank feeds, automation and AI can now handle much of the basic data processing that once took bookkeepers hours. That is a good thing....

When a client tells us they feel confident that we are on top of everything, it means a lot.

Because being “on top of the books” involves much more than coding transactions, reconciling a bank account and lodging a BAS before the deadline. Those tasks are important, but they are only part of what happens behind the scenes.

The June quarter BAS is due in two weeks.

For many businesses lodging through a registered agent, the June quarter BAS is due on 25 August. Check the due date shown on your activity statement or confirm it with your bookkeeper. That means bookkeepers everywhere are currently checking bank reconciliations, reviewing GST codes, investigating mystery transactions and sending pol...