Archives for Small Business category
Posted on Aug 12, 2009 under Bookkeeping, MYOB, Small Business |
As MYOB professional partners, we’re authorised to supply MYOB accounting software. We can supply, install, and train our clients to do their bookkeeping using MYOB software whether your business is in Stirling to Warwick, Gwelup to Balga, Inner Northern Suburbs, Perth, Western Australia.
A client contacted us yesterday asking us to supply them with MYOB Premier Enterprise for their franchise. It’s a “high-end” version of accounting plus – and comes with five single usr licences
This means that you can have five different users – in different locations, all access the one data file. It’s great for retail outlets – maybe a chain of shops linking back to head office.
The clients have a bookkeeper that’s going to come in and do their bookwork. What is surprising is the fact that the bookkeeper did not advise the client that they would need their own server – and possible an IT guy to come and help them get the system set-up.
Clients are looking for more than just a bookkeeper these days. Clients are looking for a bookkeeping service that will actually supply “customer service” – you know, the old fashioned type of service that was not just knowledge. It’s “service with a smile” service with “heart”.
If you want the “wham, bham, thank-you ma’am”, then there’s plenty of cowboy bookkeepers out there who’ll do the work for next to nothing, and more often give you no service, and heaps of headaches, a set of incorrect figures but at least you’ll have not paid much for your bookkeeping fees.
Posted on Jul 25, 2009 under Bookkeeping, Small Business |
Whether you use MYOB / Quickbooks, or you need Software Training for your small business in and around Stirling to Warwick, Gwelup to Balga, Inner Northern Suburbs, Perth, Western Australia, we are here to help. Contact our Stirling team of mobile book-keepers now Read more… »
Happy New Financial Year – In Australia, the financial year starts on 1 July and ends 30 June
Have you made any New Year’s Resolutions?
We always encourage our clients from Stirling to Warwick, Gwelup to Balga, Inner Northern Suburbs, Perth, Western Australia, to get a better handle on their paperwork – it save us time, and thus save our clients money in bookkeeping fees.
A very simple bookeeping habit to get into is simply this: everytime you pay an account, be it an invoice, or even making a cash purchase, you can do a little bit towards your bookkeeping.
Write the date you paid the invoice, the amount you have paid, and the source of funds used for the payment.
Straightaway you are asking:”Why do I have to write the amount that I have paid on the invoice, when there’s already an amount printed on the invoice? Well, we do not know whether you are paying the whole amount as stated on the invoice, or whether you are making a part payment.
Why write the date of payment, when the invoice clearly states the invoice due date – Again, how does your bookkeeper know when you actually paid the invoice, without spending a few minutes chasing up the payment
Why write the payment method? You may have paid by cash, or by cheque, or by credit card, or Internet Bank Transfer
So which bank account, credit card account or other source of funds did you pay the invoice from?
A simple extra minute spent adding this information on your bookwork could dramatically reduce your bookkeeping fees each year
There’ many other New Year’s Resolutions that you could be making for a successful twelve months in your business
Those that control the purse strings have the power.
In any society, money talks. So why should it be any different in your business? Many small business owners in the Northern Suburbs of Perth are so busy being focused on the every day stuff in their business, that they look at the bookwork as being a chore rather than a fundamental part of the business. Whatever accounting software package you use, be it MYOB or Quickbooks, you should be able to access financial reports showing your business position in seconds.
Have a look at your daily operations, and ask yourself this one question:
Who is in control of your business? Are you, the business owner in control? or is it really you clients that are dictating your daily tasks?
Do you have a handle on your financial position each day or week or each month or quarter? Is your bookkeeping upto date? Can you ask your bookkeeper for the relevant MYOB or Quickbooks reports each day or each week, so that you can make informed decisions regarding your business?
Is the tail wagging the dog, or is the dog wagging the tail?
Have a serious look at the operations of your business. Is it your clients that are dictating when you can take time off? Or do you have that choice? Is it your clents who are deciding when you should be paid, or are you in control of your business cash flow?
Contact our bookkeeping team and let’s have a chat about how we can help you manage your cash flow and get a handle on your business. We can show you how to maximise the potential ow whatever accounting software package you use, be it MYOB or Quickbooks or any other package
Posted on May 23, 2009 under Small Business |
Never deal with a company that has no (obvious) customer support.
An increasing trend is for large companies and groups of companies to hide behind 1800 numbers and post office boxes.
Their websites only have contact forms with no visible email addresses. The staff only has Christian names, never any surnames. There’s never any manager available to speak to, and the staff certainly do not have a direct phone number to contact a manager
If the management of a company are so hard to track down, then what is that company hiding?
There’s an Australian company that’s taken up yodelling with a team of telemarketers. They phone you up, saying that they are from Google, and that they’ll put your business on the front page of Google Read more… »
Before you realise, Easter will be upon us, then the end of the financial year
A client asked us today whether he should make the final balloon payment on his earthmoving equipment, even though he still has 12 more months to pay it off
We’re not registered tax agents and can’t advise whether he’s better paying the lump sum before the end of this financial year, or whether he should carry the payments over into next year.
If your bookwork’s not upto date, how do you make an informed decision about your tax liabilities?
If you don’t have your bookwork upto date, or if bookkeeping is the last thing on your mind right now, then how can you make an informed decision about your tax liabilities for the financial year ending 30 June 2009?
How do you know if you should make a lump sum payment on your vehicle lease this year? If you ask your accountant, you’ll most likely be told that without seeing any upto date figures for this financial year, your accountant cannot give you an informed answer
To prepare for the end of the financial year is not as difficult or as daunting as the task may appear. In fact, the ATO offer you encouragement to get your financials upto date with the quarterly BAS requirements.
Look no further, stress no more, simply contact us, as we provide an outsourced bookkeeping service. Our mobile bookkeepers can come to your premises, work on your computer, or pick up the paperwork and take it away to return with neatly filed and documented set of accounts ready for you to take to your accountant
Are you a small business operator struggling to keep your bookkeeping in order? The main problem that business owners have is not having a system set-up to handle their bookkeeping.
What you do with your paperwork, and how you handle your record keeping at the beginning can make a big difference at the end of the financial year.
Here are some basic tips to ensure that your record keeping is in order
1) Open a separate bank account for the business.
It may seem an expensive option at the beginning to be paying fees on two separate bank accounts – however you can claim the running costs of your business bank account as a business expense.
The same applies to a credit card. Even if you simple have another credit card in your private name, keeping a separate credit card for the business makes the bookkeeping so much easier
2) Don’t mix your personal expenses with your business expenses.
A simple example of this is when you buy fuel; if you happen to buy some milk or chocolate etc, pay for them in a separate transaction. You need to make sure that you have Read more… »
You may well ask how can a book-keeping fix a leaking pipe.
Simply this: As business owners and/or operators around Perth’s inner northern suburbs of Balcatta, Balga, Carine, Gwelup, Hamersley, Karrinyup, Nollamara, Stirling, or Westminster you need to keep a handle on your finances to keep your business running.
If you’ve got problems with cashflow, it’s hard to fix the problem if you do not know the cause. Contact us now for a free consultation
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It’s a question that we are often asked. “Should I get MYOB or would I be better to purchase Quickbooks?”
You could be sitting on the mountain at Bathurst listening to a Ford fan and a Holden fan having a debate about which car is better.
It seems you either love ‘em or you hate ‘em. The debate will continue forever
As a small business owner in and around Perth’s inner northern suburbs of Balcatta, Balga, Carine, Gwelup, Hamersley, Karrinyup, Nollamara, Stirling, or Westminster, there’s advantages to MYOB as an accounting package; there’s functions that Quickbooks perform in a simpler matter.
Many small business owners in Perth’s northern suburbs hate doing their own bookkeeping
Contact our Perth bookkeeping service and let us show you how little it will cost to get your bookkeeping under control.
Perhaps MYOB have undertaken a more effective marketing campaign in Australia, and are more widely recognised.
Read more… »
In a tight economy you need to ensure that you have a handle on what money you owe and to whom, and what money is owed to you and by whom.
If you do not use an accounting software package such as Quickbooks or MYOB, if you do not have a bookkeeper, or book-keeping system in place then you could be heading for disaster
Just remember, unlike Kevin Rudd’s government, you do not have an unlimited supply of cash, so as a small business owner in Stirling to Warwick, Gwelup to Balga, Inner Northern Suburbs, Perth you need to ensure that you have a handle on your cashflow. If you do not have a bookkeeper, or book-keeping system in place then contact us here for details
Read more… »