Money Talk

Insights from your Profit and Loss account

Posted by H Youssef Accounting on Oct 22, 2019 10:00:00 AM

Your Profit and Loss is more than just numbers on a page, and if you were to really examine it you will find it provides some really valuable insights into your business. It's often surprising how much you can tell about a business from it's numbers. 

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Topics: bookkeeping, money, revenue, accounting, sales, business success, accounting software, profit

One third of business owners suffer from psychological distress.

Posted by H Youssef Accounting on Oct 15, 2019 9:10:00 AM

Almost one-third of small business owners report having high levels of psychological distress, Beyond Blue has revealed in a new guide targeting the mental well-being of small business owners.

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Topics: business, small business, new business, business growth, business success, business mistakes, mindset

Government calls on ATO to show more love to Accountants

Posted by H Youssef Accounting on Oct 8, 2019 10:00:00 AM

Assistant Treasurer Michael Sukkar has called on the ATO to show more gratitude towards accountants who do a lot of heavy lifting on behalf of their clients.

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Topics: business, tax, small business, new business, accountant, accounting, business growth, business success, ATO

Cash Payments Beware!

Posted by H Youssef Accounting on Oct 3, 2019 10:00:00 AM

There was a time in business where Cash was King, sadly that time is coming to an end as the Government looks to introduce new measures that could potentially see criminal penalties for cash payments or receipts above $10,000.

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Topics: business, tax, small business, money, cash flow, risk

Optimizing Your Website for Local Searches

Posted by Michael Youssef on Sep 26, 2019 10:02:00 AM

Local search engine optimization (SEO) is an important part of any online marketing strategy for traditional businesses which service a specific geographical area.

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Topics: business, small business, business growth, marketing, sales, business success, SEO

Tips for Better Managing Contractors

Posted by H Youssef Accounting on Sep 24, 2019 10:09:00 AM

For small businesses, working with independent contractors can be a life saver.

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Topics: business, small business, tradie, relationships, business growth, business success, business mistakes, risk, contractors, processes, systems

10 Tips to Reduce the time it takes for you to get paid

Posted by H Youssef Accounting on Sep 19, 2019 10:10:00 AM

Steady, reliable cash flow is crucial for the survival of any small business – so taking steps to ensure your customers pay promptly should be a key priority.

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Topics: business, small business, money, revenue, relationships, business growth, sales, cash flow, profit

Is it better to buy or lease a company vehicle?

Posted by H Youssef Accounting on Sep 17, 2019 10:15:00 AM

If you need a car to operate your business, you may wonder whether it makes more sense to purchase or lease.

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Topics: finance, business, small business, cash flow, expenses, debt, lease, asset

How to Value Your Business

Posted by H Youssef Accounting on Sep 12, 2019 10:15:00 AM

If you’re buying or selling a small business, it’s critical to know what the business is worth. The challenge is that what you think a business is worth, and what the person on the other side of the fence thinks it is worth, are usually two different figures.

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Topics: business, small business, revenue, business success, risk, profit, expenses, debt, equity, investing, valuation

9 reasons to switch to cloud computing

Posted by H Youssef Accounting on Sep 10, 2019 10:08:00 AM

Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for small businesses switching to cloud computing.

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Topics: xero, cloud, business success, cloud software, cloud accounting, MYOB, processes, systems