While we yap on about bookkeeping and how to keep your business compliant, we’re also here to provide sound advice—particularly around new or updated legislations. If you have employees who are preparing for a family or planning to become parents, it’s important to be across the Paid Parental Leave (PPL) scheme, what they’re entitled

You know that feeling when you finally get the hang of something, and then—boom—they change it up on you? Yes, us too. If you’ve logged into Xero recently, you might’ve noticed a new version of invoicing, which is replacing the classic. Xero is officially retiring from the classic version on 20 November 2024, though users

Just when you think you’ve gotten your business organised for the EOFY, along comes a curveball to keep things interesting! This time, it’s the new tax changes that have come into effect as of 1 July 2024 for FY 2024-25. Before you go ahead and groan in frustration, don’t worry—we’ve got your back!

As we welcome the new financial year (FY 2024-25), it comes as no surprise that small business owners like yourself are preparing for that grand reset—where all the spreadsheets, receipts and stress get a fresh start. Being business owners ourselves, we understand that this time of year can be a little overwhelming—even after the end-of-financial

As the end of the financial year approaches, there’s a certain buzz in the air for businesses and individuals alike. It’s that time of the year when everything feels like it’s hanging in the balance, where every financial decision seems crucial—but fear not! Here at Balancing Bookkeeper, we’re here to guide you through this period

Hey fellow biz owners! As bookkeepers, we often focus on managing finances, balancing accounts, and keeping everything in order. However, there’s one aspect of business management that can sometimes be overlooked but is absolutely necessary: Disaster Recovery Planning. Now, we know this is a pretty grim topic and not the most uplifting, but extremely crucial

Hey friends! Is your business up to date with the current obligations surrounding superannuation? If not, it’s time to keep reading. Today we’re diving into the world of superannuation, and trust us, it’s not as dull as it sounds! Buckle up for a quick ride through what you need to know to keep up with

Three commonly asked questions among others that a good cash flow statement can answer: “Can I afford to take on a new employee? Can I afford that European holiday next year? When can the business afford to upgrade equipment?” What a cashflow statement, you might ask? In a nutshell, a cashflow statement is a financial

Have you heard the word? We have reopened our books for 2024! Are you head over heels for your figures? No? Well, it’s time to ignite that financial flame and embark on a love affair with your numbers! Picture this as your own romantic comedy—but with reports and spreadsheets instead of serenades and giddy dance

Have you heard the word? We have reopened our books for 2024! Yes, you read that right—we’re back and excited about the new year. So much so that we’re ready to take on new clients looking to outsource their bookkeeping. While we love having a break over the holidays, we equally love coming back

‘Tis the season to be jolly, but if you’re a small business owner, chances are you’re probably juggling so many tasks at once—and not feeling very jolly at all! While the end-of-year hustle may seem never-ending, there’s something to be said about hitting the pause button and slinging that ‘do not disturb’ sign

Thinking about employing people for your business? Well, you’ve come to the right place! If you’re wondering what you need to hire someone, you must know that you need someone with a great sense of humour because laughter really is the best medicine—we are sort of joking here, but work does become a lot more

As your business grows, it’s natural for you to seek extra help to ensure you’re delivering your products or services while you stay on top of all the fun behind-the-scenes stuff—for example, administration, product quality, bookkeeping, marketing, etc. Whether you’re seeking an employee or a contractor, make sure you know the difference between the two

Ever wondered why we, as bookkeepers, hassle you for your invoices and receipts? Well, it’s not just because we love the paperwork or enjoy chasing your tail—trust us, we’d rather be grabbing coffee with you than doing either of these things—it’s because of three main reasons: audits, compliance, and budgeting.

When running a small business, staying on top of your cash flow is fundamental to keeping your books in control—in fact, it’s equally as important as your profit. Cashflow is the amount of money that comes in and goes out of a company (hence the name!).

While it might seem crazy that we’re smack-bang in the middle of the year, it’s also a little wild to think we’re entering the new financial year! Treasurer Jim Chalmers handed the 2023-24 Federal Budget, which aimed to address the challenging issues many Australians are facing such as higher interest rates, inflation, and cost

Do you know how to prepare your business for the end of the financial year (EOFY)? From key dates to reporting requirements and everything else in between, we understand how overwhelming it can be to stay on top of your to-do list during this time of year.

Now is the perfect time to sort out your goals and systems for the new financial year (FY 2023-24). We know, we haven’t even finished the current financial year (FY 2022-23) yet, but this year is already flying—1 July 2023 will be upon us in no time!

Do you tear your hair out chasing your employees for receipts? Are your employees chasing you to reimburse them for expenses they’ve paid personally? Are you having trouble keeping track of expense budgets? Good news, folks—we have a nifty solution that can help with all of this and more!

From Optus to Medibank and everything in between, the recent data breaches in which personal information had been stolen have certainly increased public awareness of cyber-attacks and identity fraud. While Optus and Medibank are large-scale organisations, it’s important to know that small businesses just like yours (and ours!) need to be cautious as we’re not