Bookkeeping & Payroll Services for Small Businesses

  I was chatting to a café owner the other day. Justine and her husband, Rico run three busy cafes in a regional area. Each café is slightly different in what it offers but they have a strong recognisable brand in their town. So we got talking about how they do it. Rico spends most of his time in the kitchens and managing front of house. Justine juggles her time working a few days a week in two of the cafes and doing the books and payroll the other days of the week from their home office using desktop accounting software. She expressed frustration at being away from the cafes for that time or having to run home or wait until they got home after a long day before they could check on their cash flow, payroll information and any other financial data they may need to access in order to make a business decision. We also chatted about the manual way in which they count the tills and record the takings from each café, entering it all into a spreadsheet onsite then re-entering the ...

  The Australian Government and banking institutions have united to assist small businesses weather economic uncertainty. This page is a list of the concessions and help available to businesses. Federal Government On 12 March, the Government has announced a $17.6 billion economic plan to deal with the significant challenges posed by the spread of the coronavirus. This initial package has been expanded with a further announcement on 22 March that brings the consolidated assistance provided by the Federal Government to $189 Billion. The stimulus packages are focused on keeping Australians in jobs and helping small and medium sized businesses to stay in business and has four parts: Supporting business investment Providing cash flow assistance to help small and medium sized business to stay in business and keep their employees in jobs Targeted support for the most severely affected sectors, regions and communities; Household stimulus payments that wil...

  As a small business owner, you have to figure out a lot of things you’ve never done before. One of them is how to create a business budget—and that can be intimidating, especially when you’re just starting out. How, exactly, do you know where to find the right financial information—let alone learn the business finance terminology—and put all that data together in the right order? Small business budgets are empowering. They give you the knowledge and insight to eliminate wasteful spending and get to profitability faster. A well-planned small business budget will: Show you how many sales you need to cover costs (Break Even) Figure out how much money you can reinvest in the business Find out when you can afford to hire help When setting a business budget, you need good numbers. Don’t guess at what’s coming in and what’s going out. You could be making assumptions that just aren’t true. Take the time to look into your accounts and dig out the real figures. It mi...