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

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

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!).

So every business is different however I think every business owner, CEO or general manager often feels the same way. That they are pulled in many different directions and they don’t know what they should be doing first. Or they feel anxious and cannot actually move to go onto the next task cause they are

So you have started in business but not sure what to do with your accounts, never fear we are here to help. Firstly, a huge congratulations for starting your own business or organisation we are proud of you, we hope that you have taken a moment to celebrate this achievement!