Bookkeeping & Payroll Services for Small Businesses

Working with your bookkeeper is the best way to learn about how you’re doing financially. It is essential that you work closely together throughout each quarter on an ongoing basis in order keep up-to date and understand any issues better than before! We have found that a lot of small business owners are master of their trade but have some difficulties in understanding the accounting jargon or in communicating with the bookkeeper to better understand the financial health. If you want to increase your accounting knowledge so you can have more informed, insightful discussions with your account this quarter? Start right now, with this list of 7 essential accounting terms for small business owners. 1. Balance Sheet: A balance sheet is a snapshot of your company's financial position at a specific point in time. It lists your assets (what you own) and your liabilities (what you owe). The difference between the two is your net worth. Balance sheets provide the basis for computing ra...

  All of the businesses we work with at iKeep have made the move to the Cloud to manage their business finances. Whilst the move to a cloud accounting solution may have been initially for the early adopters, there is no doubt that it has now become mainstream and something you now may wish consider for your business. If you are investigating a cloud bookkeeping and accounting solution, here are some points to consider. Whether you want XERO, MYOB or Quickbooks for your Cloud Bookkeeping Software for your business we have you covered. Just call us today. What is Cloud Bookkeeping Software? This software is hosted on remote servers offsite from your location. Your data is sent into “the cloud” where it is stored and maintained on behalf of your business. Key Benefits of Cloud Bookkeeping Your data is easily accessible anywhere, anytime and on any device. No matter where you are in the world if you have internet access you can access your business information. There is one d...

  Female founder companies raised only 2.2% of VC funding in 2017: Source Fortune.com and Pitch Book. These numbers suck. We all want to see more strong female founders gaining investment. Unfortunately, the stats don’t support this. A founder should be judged on their merits. The question was posed to me by a female founder; “should female founders pitch differently to men?”. Following a presentation, I gave during female entrepreneur week (and because the stats don’t lie) I decided to go a little deeper on the topic. I wrote this article for the women who have said to me, ‘we just want honest feedback’, ‘I get a lot of time wasters’, ‘the investors changed the deal on me at the last minute and I don’t know what’s right’. There are too many bad experiences to list. Oh, and my favourite (that I can mention) is ‘when do you plan on becoming pregnant because, with women entrepreneurs, you never know how much time you’ve got’ lol, shock horror, the leading cause of femal...

  It can be a headache for business owners navigating their way through the minefield that is payroll compliance. I was chatting with a client who best described it as a game of Snakes and Ladders. We laughed but she was dead right. It seems that as soon as you get your payroll groove on and start getting ahead, climbing ladders (so to speak!), a law changes or a requirement is updated and off you go sliding back down to where you started. In the last two blogs we talked about the payroll process and also employee payslips and how to get them right. It is a tough area to stay on top of, so to help you we have put together a payroll compliance guide for business owners with some key requirements and terms so you can keep on top of it all. Wages and Salaries           This is the total remuneration, in cash or kind, payable to all persons counted on the payroll in return for work completed. It can be paid weekly, fortnightly, or ...

  Any business owner will tell you that there is never enough time in the day. Prioritising key areas in the business such as clients, staff, finances, sales, marketing and general operations, can be difficult. Technology developments in new cloud accounting software now offers a number of powerful applications to help improve time management and help ease some of the stress and workload. Here are three bookkeeping ‘Add-ons’ products that will change your life: 1. Saving you time and money Receipt Bank is a great tool to help you track expenses and record every receipt using email or smartphone application. Scan your receipt using the Receipt Bank smartphone app and all the information of your receipt is automatically collected and transferred into Xero or Intuit QuickBooks. Using Receipt Bank means that you will not need to collect every receipt and no more sitting down entering information manually. The automation helps streamline the process, saving you and your bookke...