Written by Lucas Meadowcroft, Crofti. With the end of JobKeeper and overall financial pressure caused by COVID, business owners are particularly prone to increasing and ever sophisticated criminal attacks online. Up to August 2020 in Australia, Scamwatch had received a 55% increase in reports of cyber-attacks, compared with August 2019, putting Australia in sixth place [...]
Superannuation Guarantee Contributions are centre-stage and in the spotlight…this is one show you don’t want to star in! In last year’s budget the Tax Man was given an extra $15,000,000 of funds specifically allocated to dealing with misconduct by Employers who often…sometimes always…miss their cue when it comes to their performance with Superannuation payments. In [...]
Most businesses have a few nasty little surprises…usually in the form of future losses…hiding somewhere in the deep, dark, depths of their Balance Sheet. Everyone is guilty to some degree, because your Balance Sheet is the place where good money can go and hide until it withers away and eventually dies and disappears. You cannot [...]
The principles of good business #101 dictate that the customer is always right…but this standard only applies while they are right for your business. With a “Tsunami of bankruptcies” forecast after the COVID 19 debt assistance measures finish, making sure you get paid for your sales takes on even greater importance. Performing a complete review [...]
Until the Business owner has been rewarded for his labour and contribution!Mere survival for a business is not an option. Your goal for the business must always be to grow and prosper and you need to have your own unique plan to get you there! If you know the “Drivers,” keep mindful of how you [...]
If you’ve ever wondered why we have “Discounting Events” …like the Boxing Day Sales for example…I’m here to dispel the mystery for you. The only valid reason for ever discounting your prices is to turn stock on the shelves into cash, so new stock can be purchased! Stock on the shelves is cash tied up [...]
The 10 Bookkeeping Basics You Can’t Ignore Millions of small business owners and start-up entrepreneurs are masters at creating great products and services, building awesome teams and winning over customers. Many of them, however, would probably flunk basic bookkeeping. Here are basics of the 10 most common types of bookkeeping accounts for a small business [...]
Never run out of cash - The First Rule of Cash Management Cash flow is the lifeblood of all businesses. Learn the Cash Flow 101 Rules to free yourself from money worries. Use the basic rules of to help you take control of your cash flow so you can create the business you have always [...]
Fixed Fee Billing Because we know you do too… INVISION BOOKKEEPING has always offered our Clients Fixed Fee billing, it’s in our D.N.A! And Fixed Fee billing has always been our preferred method of operation because it’s part of Cash Flow Management, isn’t it? Of course, another strong reason for doing things this way is [...]
