Ideal Calculations

Spring is a great time to get out, explore and support the small businesses in your community.

Grab your coffee from a local café, shop at a local store, try a new restaurant or book with a local service provider.

A small purchase can make a big difference to a small business.

Tag your favourite local business below and give them a shoutout!

Mark these important key dates for September.

Save this post for later and follow us for more practical money, bookkeeping and business tax tips.

Break even is the point where your revenue covers your business costs. You’re not losing money, but you’re not making a profit yet either.

Knowing your break even point can help you:

- Set realistic revenue goals
- Price your services more confidently
- Understand how much you need to sell
- Plan for profit, not just revenue

Not sure what your numbers are telling you?

Let’s get your books organised so you can clearly see where your business stands.

Book a call using the link in our profile or comment “books” below to learn more about our services.

Today we celebrate all the dads, stepdads, grandfathers, father figures and hardworking men who lead with love, support and strength every day.

Thank you for everything you do both for your families and behind the scenes.

Tag an amazing dad below!

Three months in, now is a good time to check whether your new process is working smoothly.

Use the three month mark to review, refine and automate your process.

Have questions about Payday Super? Drop them in the comments below.

Save this post for later and follow for more practical tax and business finance tips.

The weather is warming up and a fresh new season is here.

What are you most looking forward to this spring?

We’re almost through Q1 of the financial year, making September a great time to refresh your business finances, check your progress and make sure you’re on track for the months ahead.

This month, take time to:

- Review your August numbers
- Get your books up to date
- Review your revenue and profit goals
- Check your cash flow
- Prepare for upcoming BAS, super and other obligations

What’s one business goal you’re working toward this September?

Here are some tips to keep business and personal expenses separate:

- Use a dedicated business bank account.
- Pay business expenses with a business debit or credit card.
- Keep receipts and invoices for business purchases.
- Reconcile your accounts regularly.

Two businesses can earn the same revenue and have completely different financial outcomes.

That's because revenue alone doesn't determine the financial health of a business. Cash flow does.

Cash-rich business:
- Knows its numbers
- Plans ahead
- Monitors cash flow
- Makes data driven decisions

Cash-poor business:
- Delays important decisions
- Doesn't review financial reports
- Falls behind on bookkeeping
- Doesn't know where the money is going