If cashflow is not monitored, planned, and predicted, the business could be bleeding. Cashflow Do you have up-to-date visibility of…
Common Mistake #6 – Invoicing as an after-thought
Too busy to invoice or send statements? Do you issue invoices promptly and regularly, and as soon as work has…
Common Mistake #5 – Battling BAS
Is the dread of BAS time a recurring nightmare for you? Dreading the deadlines? The penalties for missing deadlines for…
Common Mistake #4 – Discovering runaway expenses have eaten up the bottom line
Tracking Disbursements Do you have a system to track receipts for expenses? Do you separate business and personal expenses? Do…
Common Mistake #3 – Only checking cash-flow in times of crisis
Life is full of surprises! Do you have up-to-date visibility of cash-flow? Do you get daily reports? Do you do…
Common Mistake #2 – Software You Don’t Understand
Are you using the accounting system best suited to your business? The accounting systems available today are powerful and sophisticated…
Common Mistake #1 – DIY Bookkeeping
DIY bookkeeping can be hazardous to your business (and your own) health! Bookkeeping starts with the recording of all day-to-day…
12 Common Management Mistakes in Bookkeeping
Most small businesses develop from an idea or vision by an entrepreneur who has a particular skill, trade or special…