Your Bookkeeping Matters

You might have reached a point in your business where it’s time to think about a new business structure. If that’s you - amazing! What I run through today is what happens after you make this decision, so that you can avoid the common pitfalls that can come with this changeover. This knowledge will ensure you go through this big change the right way and can make a huge difference to your financial...

You are in for a real treat today - we are talking all things business legals, truly non-negotiable in business. While getting your legal documents sorted can be a big investment, ultimately they not only save you money in the long run but can help you make money in your business. Joining us on the podcast today to go over some key pieces of the legal puzzle is my dear friend and own solicitor Tra...

This episode is about an unknown for many small business owners - what do you do when you’ve made a mistake on your BAS (Business Activity Statement)? This episode is super short and snackable because it’s a very quick and straightforward ‘what to do’. Even though it sounds like it might be a sticky situation to navigate it’s very straightforward and simple. There is absolutely no need to stress o...

Welcome to a very special episode where I’m chatting with the wonderful Maddy Avery from Birdcage Marketing talking all things digital Marketing. I share how I’ve watched Maddy grow from a sole trader to an agency with more than ten employees so believe me when I say Maddy has done the hard yards. She has one of the biggest hearts I know and genuinely wants to help other small businesses use their...

Woohoo! Welcome back to Season 2! In this season we’ll be talking all about matters relating to levelling up your business and finances in a way that works for you. Are you ready to outsource? We’ll be looking at so many ways and things you can outsource. Are you switching up your business structure? We’ll be covering that too. Not only will we talk next-level steps, but I also bring on my busines...

Welcome to the last episode of Season 1 - it’s been an amazing journey with so much learning and fun. This first season was all about basic bookkeeping matters, giving you the information you need to set yourself up for success and profit in a short and sweet format. As a small business owner, it is your responsibility to know and be on top of certain things always, and your finances are one of th...

This is a topic I love chatting about as it makes a huge difference to small businesses and their bank balances - profitability! Working with hundreds of clients across different industries and models over the years I have seen countless ways business owners work out their pricing, as well as the mistakes they’ve made along the way. I want to share my super simple pricing process with you, and som...

Today’s episode is a super short and snackable one all about eInvoicing. Even if it doesn’t yet apply to you, it will eventually because you’re running a business. But what on earth is eInvoicing? eInvoicing is a government initiative in Australia which enables businesses to send and receive their invoices digitally, straight into their accounting software. No PDFs, no emails. Pretty cool hey? I t...

Today we’re chatting about automating your invoicing, something that matters way more than you would think. If you have clients you raise invoices for and you’re doing it manually then listen up - it’s time to get automated! If you are using Word, Canva, or something that is not an invoicing or accounting program, you’re doing it the long, hard manual way. Or, even if you’re using accounting softw...

Today I’m going to chat to you about budgeting and how easy it is. Because I want you to get excited about budgeting, however that looks for you. My aim is to get you super comfy with budgeting and to know it’s not a dirty word that you can't use. What is a budget? Essentially it’s what you’re planning to earn and spend. It measures and guides you with your money. Overall, you should plan for...

It’s such an exciting time when you’re first starting out a brand new venture. Amidst the excitement, there are a bunch of things to think about so I’m sharing some of the important first steps you need to take for your new small business.  One of the key lessons I learned throughout my business journey is that you can do anything, but you can’t do everything. When first starting out, business own...

As you know, being a small business owner means you need to wear so many different hats. Today I’m going to talk to you about a few of the lesser known, or avoided, hats you need to keep on top of to make sure your business is every success you dream of. How often do you wear the hats of sales, legals, business planning and customer service? How well does your sales hat fit you? This is such an ea...

Today I’m going to run you through some payroll mistakes with your employees that could land you in some really hot water if you don’t do them or if you get them wrong. Even if you don’t yet have employees, don’t skip this one because some of it might still apply, or it will make you aware of the mistakes before you make them. First up - you can’t do payroll manually. It must be in online software...

A question I get asked a lot is - why aren’t I making any profit? Even with all the challenges of running your own small business, there are some really simple steps you can take to help boost your bottom line. It’s also important to keep in mind that this is not just about increasing your sales and making the same or less profit you already were. It’s about increasing and improving your profit, s...

Reports may sound boring but they are actually jam packed full of juicy details about your small business! In this short and sweet episode, I run you through the main reports you should be running as a business owner so you can be on top of your numbers. I also decipher the terminology the reports use, how frequently you should be running each one and what they will tell you. We run through the pr...

How do I know when to outsource my books? I know you’re going to love this episode as I get asked this question ALL the time. There are a number of things to consider when working out whether to outsource your bookkeeping or go it alone and DIY your books. Both have their pros and cons, which is why it can be difficult to decide what’s best for you and your business. If you’re doing your own books...

When running a business, it’s very important to have both a bookkeeper and an accountant on your financial team. I know that many think that if you have one you don’t need the other, or that they’re in fact the same role BUT I’m here to let you know why you need both. In this episode, I’m explaining the differences and similarities between bookkeepers and accountants and the reasons you need both...

Are you tired of wasting valuable time on bookkeeping with spreadsheets that are driving you up the wall? I see this all of the time and I'm here to help! Accounting software can automate so many of the tasks that you're spending too much energy on and save you from draining all of your focus that should be spent on your business.  In this episode, I’m sharing 8 ways accounting software...

When running an online eCommerce store, you have to handle a different set of bookkeeping challenges compared to traditional accounting, so I’m here today to make it clear and easier for you to sort everything out. In this episode, I’m sharing the eCommerce accounting challenges that you’ll come across as a business owner running your business online. I share the common mistakes I see when eCommer...

Today is devoted to a very important bookkeeping matter - preparing, reviewing and lodging a BAS! This information is critical because you don’t want to overpay GST or miss claiming any expenses. There is a lot to remember and checks to go through, but once you’ve got your head around them and you understand the process, the lodging will be a breeze. In this episode, I’m going to explore how to pr...

I'm always asked about this week’s topic: Do my (tax) invoices say the right things? In our business, we see hundreds of invoices travel across our desk every single week so we have seen everything when it comes to formatting an invoice. We always take the time to make sure all of our client’s invoices are spot on to enable the receiver to claim it with the ATO effortlessly. In this episode,...

Everyone makes mistakes but if we reframe them, we can make them into fantastic opportunities to learn, change and grow. In this episode, I’m sharing 5 mistakes all new business owners make. Write these down so you don’t make them yourself or flip them around so you can change things up and do it the right way. We’ll address bank accounts, tax, business insurance, pricing, outsourcing and more. Yo...

The end of the financial year is only a few weeks away! Can you feel the panic setting in?  In this episode, I’m sharing my top tips to keep your EOFY as smooth as possible. We’ll go through each one in detail so you can apply it to your business to start to feel your stress melt away.  Start with your tax planning and if you haven’t already, reach out to your tax agent to book in for a tax review...

Welcome to the very first episode of Your Bookkeeping Matters Together we’ll be looking at lots of business and bookkeeping matters, to look after your numbers and better manage your business.  In this episode, I’m exploring what a bookkeeper actually does and why someone has to do it in every business. I’ll run you through the role a bookkeeper plays and what they DON’T do so you have the full pi...

Is the concept of GST overwhelming you?  You’ve heard that you should register for GST at some point, but when?  In this episode, I’m diving into what GST even is and when you should register for it. I’ll talk about the types of transactions that are GST free, the benchmark and timeframe for registering for GST, deciding on the method of registration (cash or accrual) and how to absorb it into you...