The holiday haze is finally starting to lift. You’ve probably finished the last of the leftover ham, the kids are (hopefully) heading back to school, and the sound of power tools is back in the air. But for most Australian trade business owners, the real work is just beginning. While everyone else is talking about […]
New Year, Same BAS Deadline: How to Avoid a February Freak-out Read More »
Let’s have a quick, honest chat about how Xero’s Tracking Categories can transform your business insights. Hands up if you pay your Xero subscription every month, log in to send invoices, maybe do a bank reconciliation when you get a reminder… and that’s about it? If your hand is up, you’re not alone. So many
A Tradesperson’s Guide to Xero’s Tracking Categories Read More »
Okay, let’s talk about the ‘Chart of Accounts’. I know, it’s not the most thrilling part of running a business. It’s one of those bookkeeping terms that can make your eyes glaze over, but stick with me, because this is important. Getting this one thing right in Xero is like building solid foundations for a
Set Up Your Xero Chart of Accounts So It Actually Makes Sense Read More »
Before recording transactions, one of the first things to set up is the chart of accounts. That’s because it plays an important part in bookkeeping and acts as the foundation of a business’s financial system. But what is a chart of accounts? When recording transactions, such as sales and expenses, you don’t simply dump them
What Is A Chart of Accounts And Why Is It Important? Read More »
Congratulations! You’ve hit that $75,000 turnover threshold and just registered for GST. That’s a great sign your business is flying, but you’re probably wondering what to do now. Don’t sweat it, there will be some changes but getting your GST sorted isn’t as hard as it sounds, and it comes with some serious perks. So
You’ve Registered for GST, Now What? Read More »
It’s Friday night and you’re completely exhausted. You’ve put in another massive week quoting jobs, managing staff, dealing with customers, and, of course, doing the actual work. You think, “Another week done,” but then you wonder if all this hard work is actually getting you anywhere, or if you’ll be doing the exact same thing
Bookkeeping is Your Business’s GPS Read More »
If you run a small business, you’ve no doubt heard ‘grow’ and ‘scale’ a million times. It feels like that’s all everyone’s chasing. My bookkeeping’s a bit different, though. In fact, in over 14 years of freelancing, I’ve never taken on more than five clients at a time. It’s a conscious choice I made long
Why I Never Work With More Than a Handful of Clients at a Time Read More »
Let’s face it, for most Aussie tradies and service business owners, “bookkeeping” probably means a pile of crumpled receipts, confusing GST calculations, and hours stuck at a desk when you’d rather be on the job or out with the family. It’s the dirty work of running a business. But what if it didn’t have to
What Fuss-free Bookkeeping Looks Like and Why It Matters for Your Business Read More »
Running a trade or service business means wearing all the hats: you’re quoting, on the tools, chasing clients, and somehow doing bookkeeping too. But here’s the kicker: doing your own books could be costing you more than you think. Here are 5 signs it’s time to hire a bookkeeper and focus on your trade: Your
5 Signs It’s Time to Hire a Bookkeeper (and Stop Doing It All Yourself) Read More »
Last night, I spoke at a webinar for fellow bookkeepers, focusing on the importance of authentic communication in our profession. As an introvert, public speaking isn’t something I’m eager to do. However, when I heard that speakers were needed for a webinar series organised to raise funds for underprivileged school children and help empower new
The Importance of Authentic Communication in Bookkeeping Read More »
