In the fast paced world of business, maintaining a healthy relationship with your bookkeeper is essential for smooth financial operations. So if you’ve ever wondered if there is something you could do differently to gain more from your investment, let’s talk about some common missteps that could be driving your bookkeeper crazy. By addressing these possible issues, you can ensure you don’t inadvertently find yourself learning ‘How To Lose A Bookkeeper In 7 Days’. 1. dodgy expense claims Mixing business with pleasure? It happens, but if it’s becoming a habit, it’s a red flag. We work with inte ..read more

Understanding the unique needs of your business and providing the perfect bookkeeping support to match is my ultimate goal. Here at AFY, we recognise that service-based businesses have distinct requirements from eCommerce ventures. That’s why our packages are customised to fit YOUR business model, not vice versa. Today I’m honing in on the differences so you can see just how varied those bookkeeping needs are. This will clarify why a one-size-fits-all approach just doesn’t cut it when it comes to your business. Service-Based Businesses: Simplifying the Load For service-based businesses, the a ..read more

Small business isn’t for everyone, but it might just be the perfect path for you. Although there are many perks of being your own boss, running a small business also comes with a variety of challenges that many people aren’t willing to take on. We all have different expectations for what we want out of life, which is why the decision to run a small business needs to be made with a lot of thought and care.  If you’re an aspiring entrepreneur, or perhaps you have an existing business, and you’ve been questioning whether this gig is really for you, keep listening, my friend. In this episod ..read more

Today, we’re going to dive into a fundamental aspect of running a small business in Australia – understanding business structures. The structure you choose will define how your business is organised, how it’s managed, and of course, taxed. Choosing the wrong structure can cause headaches down the road, so it’s important to be informed before making a decision. If you have made the wrong decision, though, don’t panic! I’ve been there myself, and while it costs some time and money, you can definitely change structures.  So whether you are starting a new business or reassessing your curren ..read more

If you’ve ever struggled with managing loans, ATO bills, superannuation, or credit card payments, then today’s episode is for you! I’m taking on the topic of debt and sharing strategies to empower you in managing and crushing your debt. Taking a proactive approach is crucial for setting yourself up for long-term success. Here are some techniques to consider:  1. Budgeting and Cash Flow Forecasting: Creating a budget for your business will help you stay on top of your debt obligations and allocate funds to the right places. Just remember that budgeting is not meant to restrict you, but r ..read more

If you’ve ever struggled with managing loans, ATO bills, superannuation, or credit card payments, then today’s episode is for you! I’m taking on the topic of debt and sharing strategies to empower you in managing and crushing your debt. Taking a proactive approach is crucial for setting yourself up for long-term success. Here are some techniques to consider:  1. Budgeting and Cash Flow Forecasting: Creating a budget for your business will help you stay on top of your debt obligations and allocate funds to the right places. Just remember that budgeting is not meant to restrict you, but r ..read more

Bookkeeping has come a LONG way – from ancient tally sticks to cloud-based accounting. It’s transformed not just our roles as bookkeepers, but the benefits to you as a small business owner. With us, you can think bigger, take (data-backed) bolder steps and enjoy seamless processes too. The Old School Way  I find this super fascinating. Did you know our ancestors organised numbers with tally sticks thousands of years ago? That practise evolved into handwritten ledgers and journals, where meticulous entries were a labor of love. Thankfully, I made my debut as a bookkeeper during a mixed pa ..read more

Are you facing late payments from clients, and getting that panicked feeling about having to chase them up? I get it – and I know so many other business owners do too. In an earlier episode, I took you through my exact process for timely payments. Today, I’m diving a little deeper to discuss the power of personalised reminders and guiding you through the process to get paid quicker.  The first step in creating an effective reminder system is to turn on automated reminders in your accounting software. In this episode, we focus on Xero, but you can adapt these strategies to your own softw ..read more

Welcome to another short and snackable episode of Your Bookkeeping Matters.  Today, we’re looking at some core practices that can take your business from good to great. Whether you’re a seasoned business owner or just starting, these actionable strategies will equip you with the tools and insights you need to elevate your business game. 1. Mastering Your Numbers: Understanding your financial metrics can be transformative for your business. Start with your Profit and Loss Statement and Balance Sheet Reports, which provide crucial information about your revenue, expenses, and overall fin ..read more

Alright, January has been and gone. You’ve (hopefully) completed all your planning and set your business goals sky-high. Now you’ve got that sorted, it’s time to make finances your flex. Because guess what? Without your figures in tip-top shape, you won’t be able to reach those PBs with ease. I’m skipping your warm-up and going straight into a plank by saying this but I’m ripping the bandaid off early. Drop The Financial Facade It’s just me and you here, so there’s no need for pretences. Ok, take a deep breath and answer the following questions: Do you enjoy data entry/money management/finan ..read more