4 Reasons Your Business Should Consider Digital Receipts

Receipts are vital to successfully running a business. You need receipts to track your purchases and expenses. Your clients need receipts for their tax purposes and to manage their finances. Paper receipts have been around a long time, so many people are used to them and may even be resistant to moving away from them. Thanks to technology, paper receipts are becoming more a thing of the past. There are…  Read more

Bookkeeping Basics for Small Business Owners

On average, small business owners spend 10 hours each week recording, organising, and processing financial transactions – everything from accounts receivable and payable, to employee payments, expense receipts and supplier invoices.  That doesn’t sound like Bookkeeping Basics to me! While the process may be time-consuming (and tedious!), effective bookkeeping is the foundation of sound financial management – which in turn, is the lifeblood of your business. Feeling overwhelmed by mountains…  Read more

Why that “tax deduction” could be useless to you

The closer we get to 30 June and End of Financial Year – the more times I see the phrase “Buy now, so you can get a tax deduction this financial year”. I truly wonder how many unsuspecting business owners get sucked into this sales tactic – when they don’t even know or understand their tax position in the first place. “You see, a tax deduction is not the same…  Read more

How to Avoid the Christmas Credit Card Crunch

Well the festive season is in full swing – this means parties, gifts, eggnog, mistletoe, Santa and normally family feuds. But the thing causing the most stress at Christmas, is the level of credit card debt people put themselves in, which hangs over their heads for many months to come. Australians spent over $47 billion in the Christmas spending period between November 15th and December 24 (2015 statistics) according to Inside…  Read more

6 tips to stay in Control of your Cash Flow with Confidence

Cash Flow is the major cause 56% of small businesses don’t survive past their 5th birthday. It is time to turn the tables on that horrific statistic and be in charge of your cash flow (with confidence) and remove the stigma and fear around asking for your invoices to be paid. The first thing to consider is that cash flow is not just chasing debtors. Cash flow is understanding – when…  Read more

Keeping receipts for 4 years….HOW??

  Do you at times feel like you are drowning in paperwork? Do you have folders and in trays and filing cabinets filled with receipts, invoices, bills, statements…..or a combination of all of those? So what if I told you to rewind to 4 years ago and find me a receipt to prove a purchase…could you do it?  And if you could do it how long would it take you?…  Read more

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