When you work in a service based industry, part of your life becomes focused on what you have quoted for a job and what it actually costs you. Well, let me rephrase that – it should be focused on that. Fixed prices, monthly packages, paid upfront, deposits collected or a combination of all of these – if you are not accurately looking at and recording costs per job, you business could… Read more
As a business owner – you have an obligation – part of that obligation is understanding what your numbers tell you. You need to understand cash flow to pay your suppliers and the ATO. Ignorance is not an excuse. I know what you are thinking….it is that harsh Stacey again throwing around her comments about numbers and ATO – blah blah blah. Well yes – it is me. As soon… Read more
Take my hand and we’ll make it I swear Woah Oh….Living on a Prayer…. Sorry – tragic Bon Jovi fan here. But let’s take a minute to talk about who you are working with in your business, who is holding your hand on this roller coaster ride and who is helping you “make it” and reach your financial goals. Recently I had a Financial Coaching Session with a client and… Read more
There is a very widely held misconception out there that because you have an ABN this means you charge GST on invoices.
You can also use Xero Accounting software to look after and manage your personal finances using Xero Cashbook.
A budget is a great tool to help you plan your income, expenses, staffing, holidays, seasonal fluctuations, cash flow, and anything else for your business.