Bookkeeping & Payroll Services for Small Businesses

  Clinical research and the Pharmaceutical industry have vast layers of complexity. The intricate process (and phenomenal costs) involved to bring a drug to market make this an almost impenetrable barrier to entry. Despite the immense revenue, value and resources this industry possesses, no company is immune from (or in this case) cannot benefit from true innovation. Innovation is often thrown around as a marketing term for something slightly better. Slightly better wasn’t going to cut it for HealthMatch. What does a world class breakthrough look like? See for yourself. A solution that is a game changer for Clinical Research organisations, Pharmaceutical companies, Patient care organisations, Oncologists and other specialists, General Practitioners, Hospitals and most of all, the Patient. HealthMatch delivered this week. Big. The platform went live and immediately matched a patient to a research trial! In fact, they are now matching like wildfire. This is beyon...

  Every business needs a great bookkeeper! Bookkeeping is one of the universal realities of being in business. Along with marketing, networking and website maintenance, keeping the books is one of those universal jobs that if left to get frazzled can really cause great harm to a business. So it makes sense to engage assistance to do basic bookkeeping. But exactly what services can you expect them to provide? We look at the 5 core roles of a good bookkeeper that will benefit you greatly. Keep Your Day to Day Finances Organised Knowing your cash flow requires knowing what is coming into to your business and what is going out on a regular basis. This means keeping track of your company’s daily accounting matters and this can be time consuming, frustrating or downright impossible depending on how little you understand about the process. Outsourcing to a bookkeeper means you get someone who is always looking after this aspect of your business so that you can focus on others. I...

  It is important that you can differentiate between what your profits are, and what your cash flow is… Cashflow is the life-blood of your business; it’s what allows you to pay off your bills and staff and keep the business afloat! Here are 5 quick and easy ways that you can improve your cash flow today! 1. Make it painless by invoicing immediately! The sooner the invoice is out the better. Be proactive and punctual with your invoicing. If you wait too long, the business that owes you may not have the amount within their budget anymore, or worse, they’ll forget the invoice altogether! 2. Automate your process so that everything is available in one system! Automate your invoicing process so that you can auto-generate any recurring invoices, resulting in faster payments which equals better cash flow! This complimented by the online-based payment services available such as E-way and Ezidebit will be your ultimate weapon! 3. Create clear payment rules in your terms and cond...

  Many businesses continue to remain with their Bookkeeper as they are not familiar with the latest technology advancements that could be saving them thousands of dollars every year. Lets be truthful here. Many Bookkeepers will not be sharing information of the latest technology advancements as they may not be fully informed on cloud based accounting systems or they believe that the old model works. They think it's like a turkey voting for Christmas! The old style bookkeeping clearly does not have the client best interests front of mind. This is costing you, as the business owner, money and time that could be invested in other areas. If you are paying a bookkeeper an hourly rate, you are rewarding them for being inefficient! So, how do you know if it is time to update your Bookkeeper? Here are 7 reasons: 1.      Are you collecting every receipt manually and placing them in a bag or envelope to give to your Bookkeeper every month. 2.    ...

  For employees, there is something quite self-satisfying about getting their hands on the payslip at the end of the pay cycle. They see how much they’ve been paid, how much has been deposited into their superfund and they feel happy their hard work is paying off. For an employer, Employee payslips can be an administrative nightmare. If you’re working with the traditional mode of accounting, you are more than likely entering pay information manually, printing payslips out and then physically distributing them to employees. As it’s a legal requirement to provide employees with a payslip, it’s not something employers can sweep under the carpet and ‘get to’ when they can. Or when they have to. So how to make payslips for your employees and what can you do to streamline this part of the pay cycle? How can a business owner save time and money around a necessary administration procedure? When we work with clients on their payroll processing and more specifically the nitty gritty ...

  In case you hadn’t noticed, 7.6 billion people, and counting are going to need more disruptive businesses and there is no shortage of problems for founders to find, address and produce. What does it take? Imagination, persistence and integrity are vital, but the best founders I know possess a unique DNA. Looking back to my first meeting with each of them, they were clearly different. I’ve tried to unpack the 10 defining elements. The je ne sais quoi of disruptive founders should not stay a mystery. Perhaps this article should serve as a self-awareness checklist for a first-time founder. It may motivate you to get past what is blocking you or encourage you to join a team. If your passion is there and you weren’t born to be a Founder, you may find you can nail it one day. I’m often asked by people, “what do think about this company, should I invest?” Now that’s a sucker bet, as if I’m wrong, and say “go for it” and it crashes I’m bound to be called an idiot. If it dominate...

  Are you still managing your payroll manually? Think that because you are a small business you can’t really justify setting up a payroll system? It doesn’t take that long anyway? Really? What if you could have those hours back to focus on things that really matter? Like getting more clients, servicing the existing ones and building your business. The next question is how do you manage all of this when you are not there? This is where Payroll automation really benefits an organisation. Some of the biggest concerns we hear from business owners are: ·        What if other employees see confidential information about other employees? ·        Who can do the payroll for me when I go away? ·        What if they make a mistake? ·        Who can I trust with my financial information? These are all very valid areas of concern. Payroll is a critical part ...