Giving you a
little time for
yourself

Talking Cents

December
November
October
September
August
July
June
May
April
March
February
January

Finance tips all new business owners should be aware of, by small business accountants in Sydney

Far too often we see a large portion of entrepreneurs making minor mistakes that will eventuate into larger ones. So if you’re in this for the long run, be sure to take note of our finance tips for the benefit of your business. Our small business accountants in Sydney are here to ensure your business thrives in its industry.

Our finance tips for small business accounting are:

• Do not procrastinate – this is the main barrier new entrepreneurs make and in order to avoid mistakes they need to get over it. They always put off their bookkeeping and don’t stay on top of it, as it isn’t seen as being important. This is when accounting becomes unmanageable and it begins to stockpile
• Understand your seasonal cash flow – this is basically all about when your business thrives throughout the year, just how an ice-cream shop will be most profitable in the summer months rather than winter
• Focus on the core strengths of your business – don’t waste your time on things that already exist, if you need someone to manage your business accounts be sure to outsource it. Wasting resources that are more valuable for other aspects of your business can be damaging
• If you’re working over 60 hours in a week you need to know that your business is not profitable and it’s time to get some small business accounting advice

If you have any enquiries about your business’ accounts, be sure to contact our small business accountants in Sydney and let us help you!

 
Liability limited by a Scheme approved under Professional Standards Legislation