Double‑entry bookkeeping, explained simply for Aussie small businesses (and why it matters)
Double‑entry bookkeeping can feel like a foreign language when you’re juggling everything in your small business. But getting it right means your cash flow stays healthy, your BAS and GST […]
7 step strategy to increase sales
If you want to increase sales as quickly as you can, you’re going to need an efficient marketing plan and a highly targeted sales strategy. Step 1. Sell more to […]
How to retain your best employees
Employees are the face of your brand, guardians of your intellectual property and ideas, and the biggest driver of business growth. Not only is employee turnover disruptive, stressful and time-consuming, […]
Identifying when it’s time to hire your first employee
Hiring an employee is a significant milestone for any business. Not only are you expanding your team, but you’re freeing up time so you can focus on growing and building […]
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Collecting your money faster
Credit limits are designed to prevent debt from escalating out of control. Put a credit limit on all customer accounts and then put an automatic ‘stop credit’ on any overdue […]
Lessons learned from global disruption and looking ahead
While it may be challenging to predict what the future holds, history shows us that economies will eventually recover from major disruptions. It’s useful to reflect on how your business […]
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Tactics to avoid running out of money
A business can survive for a short time without sales or profits, but not without cash. It is cash which pays the bills and allows trading to continue. If you […]
Your social responsibility to employees
Businesses are increasingly aware of their impact on society as much as for their products and services. How businesses treat their employees directly influences public perception and attractiveness to skilled […]
A guide for effective cash flow management
An up-to-date business cash flow forecast can help you manage your business more efficiently. It’s an estimate of the amount of money you expect to flow in and out of […]
ATO tax debt to become more expensive from July 2025
If you currently owe money to the ATO, it’s about to get more costly. From 1 July 2025, the two most common interest charges the ATO applies to late or […]
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How to efficiently manage small business admin
Running a small business is exciting – but let’s be honest, managing the admin side of things can feel overwhelming. Between keeping financial records, looking after daily operations, and ensuring […]
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Understanding the Roles: Bookkeeper or Accountant – Who Does What?
They both work with financial data; they’re both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap. If you’re like many […]
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What is Cost of Goods Sold (COGS)?
If you’re a small business owner or a startup founder, you’ve probably heard about Cost of Goods Sold (COGS). But what does it really mean, and why is it crucial […]
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