If your business employs people then you’ll need to come to terms with payroll. It can seem daunting at first, but the right approach and the right software will help make the payroll process fast and easy. What is payroll? Payroll is a word with two possible meanings. It can mean the accounting process of…
Tip Tuesday: How to make small business accounting fun
Owning a small business is exciting. You get to do what you love, day in, day out. But traditionally, small business accounting isn’t exciting. So how can we change this stereotype and make accounting fun and easy? Small business accounting challenges When we talk to the small business community and accountants and bookkeepers, several things…
Tip Tuesday: What is depreciation and why should I care?
Depreciation affects your bottom line, your tax bill, and the value of your business. Those are three good reasons to learn what depreciation is and how it works. Here are the basics. What is depreciation? Depreciation is what happens when a business asset loses value over time. A work computer, for example, gradually depreciates from…
Tip Tuesday: 16 Tips for Business Owners’ 2019 ‘To Do’ Lists
January is like the first blank page in a new notebook. What you do during that month can set the stage for success for your business for the entire year. Getting your business off to a great start in a new year requires planning, critical thinking and dedication to executing your strategy. In a recent…
Tip Tuesday – How To Start A Personal Services Business
As our population ages, more and more entrepreneurs are seizing the opportunities in the Aged Care and other Personal Services industries. In particular, the Hunter Valley and Central Coast are growing fastest in the 70+ age bracket across NSW. This strong growth in the higher age brackets is leading to a sharp increase in demand…
Tip Tuesday: How to Simplify Construction Invoices and Get Paid Sooner
Construction and trade invoicing is a big job. Create accurate invoices fast and get your weekends back. Apps can take away a lot of the hassle – and help get you paid sooner. Construction invoicing requires you to: record third-party costs track time worked (which can be tough when you have a few jobs going)…
Tip Tuesday: 5 Employment Pitfalls for Small Business and How to Avoid Them
Starting a business can be a wonderful, challenging journey with many rewards along the way. When people think back to when they started their business, they usually smile as they remember the brave steps they took to start off. For some people however, thinking about starting a business can be quite daunting – the learning…
Tip Tuesday: Franchise Accounting Tips
Franchises come with many built-in advantages. But there are also some extra risks that you don’t get with a traditional small business. Good franchise accounting will help you avoid the pitfalls and make the most of the opportunities. Let’s start with the advantages A franchise is sometimes called a business in a box. It’s built…
Tip Tuesday: Why you should use Job and Time Tracking Software
For small businesses, time is money – and every day counts. That’s why it’s important to ensure your team is efficient at time billing. The team at MinuteDock who make job and time tracking software, share their insights about the key benefits of this product. Manual processes aren’t efficient For many teams, the way things…
Tip Tuesday: How to Define you Target Market
You can’t go far in business without customers. Make sure you know who yours are, and what they want. Use these tips to help learn more about your target market. What does it mean to define a target market? From the moment you came up with your business idea, you probably had a specific customer…
