When it comes to business accounts, a small error can lead to a big problem. Below are some common accounting mistakes and tips on how to avoid them.
As a business owner and/or manager you have a lot of important tasks on your hands. One of the key tasks in business ownership and management is accounting. This article offers 4 tips that you may find helpful if you are setting up or updating an accounting system for your business.
This is the first in a series of how to increase profit in your business. If you’re looking for ways to increase your profitability, you have to focus your attention on the 4 profit-determining factors: price, volume, variable costs, and fixed costs. Let’s look at each of these 4 factors under 3 headings: – the […]
Cloud Accounting empowers business owners and accountants to work collaboratively to improve profit by providing enormous opportunity to plan, implement, monitor and report Financial Performance far beyond what has been available traditionally. Cloud Accounting can provide dramatic cost savings with hardware and accounting software purchase costs being replaced by a subscription fee. Labour cost can […]
“CASH IS KING” i.e. properly managing cash is an essential pre-requisite for profit. We at Business Result Accountants Pty Ltd are firmly committed to this concept, that in order for SME’s to THRIVE, cash needs to be managed correctly. We have identified 7 key areas where cash can be (effectively) lost in your Business; the […]
Choosing an Accountant for your Business is a very important decision and should not be made lightly. Accountants have access to your private records, are often intimately involved in your Business Strategy, Planning, Financial Reporting, and strategic/operational decision making. The relationship you build with your Accountant needs to be one of mutual trust and respect. […]