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Tag Archives: financial statements

Cashflow vs Profit: What is the difference? Why are they equally important for the success of your business?

Bookkeeping, Financial EducationBy Victor BimroseJuly 30, 2020Leave a comment

When we jump into the business world there are so many new terms to learn and it can be difficult to determine what are the key ones to focus on. From BAS to PAYG, to Cashflow to Profit and Loss. How are you meant to know what to focus on when you may not understand…

Invoicing terms for Small Business: How the right due dates can positively affect your cashflow and ease your stress

Business Advice, Financial EducationBy Victor BimroseJuly 28, 2020Leave a comment

When the cash flow starts running short in your small business, it can be very stressful scrambling to find money to make ends meet. So how do you rectify this? How do you boost your cash flow and, in turn, ease your stress? The secret lies in your invoicing terms. You see, your payment terms…

Consider implementing these 5 Bookkeeping Tips so you can stress-less at tax time

Bookkeeping, Business Advice, Business OwnersBy Victor BimroseJune 24, 2020Leave a comment

There is one time of year that usually brings dread to even the best entrepreneurs: Tax Time. But you can stress less if you implement these 5 bookkeeping practices into your business now, well ahead of those end of year obligations.   1. Prioritise your bookkeeping Make it a regular priority to focus on your…

Is doing the books doing your head in?

Bookkeeping, Business Advice, Business Owners, Trades & ConstructionBy Victor BimroseJune 7, 2018

If you or your partner is spending too much time grappling with depreciating assets, stocktake sheets or fuel tax records and not enough time working on your business, you need help. Managing your accounts can be a nightmare, and without the right sort of help you could be paying more tax than you should or…

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