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Gross Profit vs Net Profit

Bookkeeping | eCommerce

Gross Profit vs Net Profit

It’s that wonderful time of year when small business owners flock to Google looking for answers about EOFY, bookkeeping terms…

Read More Gross Profit vs Net Profit

Numbers are my thing. All through school, maths wa

Numbers are my thing. All through school, maths was super easy for me, I ploughed through the advanced class and loved it.

Ask me about legals and SEO? Absolutely no idea 👀

Yeah, I've read a couple of articles and worked with a few specialists but, here's the clincher, reading about it does not make me a specialist.

Please, do your research before you hand your books over. There's never been an easier time to parade yourself all over socials as a guru and I'm witnessing the full impact of those false claims.

Some of the worst? ⤵️
❌ Years of records deleted
❌ Missing BAS's resulting in hefty fines
❌ Incorrect Super Payments (more fines)
❌ Hairy Xero files resulting in expensive clean-ups

Yes, you might pay more for a professional but do you really want to risk it?

Did you read that? You do not have to do your own

Did you read that? You do not have to do your own bookkeeping 👏🏼

Stop doing the things you don't like and pass them off. You'll save time, money and overwhelm in the process.

I get a lot of questions from small business owner

I get a lot of questions from small business owners and most of the time, they are about the same topics.

So, I've compiled a free resource of answers to the Top 10 Questions I get.

You can download it now and get professional advice about topics like:
➡️ When to register for GST
➡️ Why you shouldn't do payroll without the right software
➡️ Why your VA shouldn't manage your Xero file
⊕ So much more!

Download it now via the link in my bio or visit: https://accountedforyou.com.au/answerspdf/

Reports may sound boring but they are actually jam

Reports may sound boring but they are actually jam packed full of juicy details about your small business!

In this short and sweet episode, I run you through the main reports you should be running as a business owner so you can be on top of your numbers. I also decipher the terminology the reports use, how frequently you should be running each one and what they will tell you.💡

🎧 Listen on your fave platform or of course visit the podcast link in my bio.

Have you booked a bookkeeping appointment with you

Have you booked a bookkeeping appointment with yourself this week? ⏰

If you are managing your own books, it's really important you're across the ins and outs of your accounts.

It doesn't have to be an overwhelming exercise. Start small and be consistent ⤵️

➡️ Check your bank account daily for incoming funds, and pay any expenses you need to.
➡️ Every week spend 15 minutes cross-checking your expenses, recording new expenses, cross-checking for double ups and incorrect amounts and doing your reconciling in your accounting software.
➡️ Spend 30 minutes a fortnight managing your money. Set aside what you need for Tax, BAS, expenses and savings.
➡️ Spend 1 hour a month strategising your money. Take note of your profit vs your goals, and make plans for the next month.

How much time are you spending on your books every month? 🤔

Remember, knowing and understanding your numbers is key to your success.

Are you more 🅰️ or 🅱️? My secret wish i

Are you more 🅰️ or 🅱️?

My secret wish is for ALL business owners to have both feet planted solidly in camp B.

That financial confidence does more than cover your BAS. It helps you make informed business decisions. It flows through every element of your growth: hiring, outsourcing, spending, saving, innovating...the list is endless.

If you're sitting in A that's ok. But, BIG but, you'll benefit from:
→ A bookkeeper to keep your finances ticking over
→ An accountant to plan and strategise with you
→ Education and support to get yourself from column A to column B

✅ For bookkeeping support without the fuss, check out my packages and book a discovery call with me.

❌ Myth: Bookkeepers are mindreaders who should k

❌ Myth: Bookkeepers are mindreaders who should know what I need, and when.

✅ Fact: Bookkeepers are number experts, not Jedi Masters.

Yes, we will tell you when your BAS is due. We'll alert you to any 🚩 in your account. We'll even customise your reports for your unique needs 📈

If you need something more? Tell us! We've got a whole bunch of add-ons and upgrades to make sure you're getting what you need from us 👇🏼

→ Help with saving / bank accounts
→ Additional employees
→ Monthly BAS/IAS
→ Monthly Financial Reports
→ Custom/Extra reports
→ Debtor Management
→ Zoom reviews
→ Integration support
→ Daily processing
→ VIP personal videos

Not sure what you need? Let's chat so we can figure it out together 👏🏼
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Take 5 minutes and plan your profit 💰 If you'r

Take 5 minutes and plan your profit 💰

If you're not telling your money where to go, it might get lost along the way.

1️⃣ Put 30%* of your Net Profit^ away for Tax
2️⃣ Save 20%* for your business
3️⃣ Pay yourself - this can be anything you're comfortable with but 30%-50%*

✅ Set up automatic monthly deductions and you'll never wonder where your profit has gone again!

^ Net Profit refers to the amount of money your business has left after deducting ALL your expenses.
* These are general advice examples only and use a percentage that suits you and your circumstances and your business structure.

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