Small Business Cashbook Tips

Overdue Accounts Small BusinessOverdue Accounts Small Business

Overdue Invoices Sure, I can explain that in simple terms. Why it’s important to know when invoices are overdue: Cash Flow: Knowing when invoices are overdue helps maintain a steady cash flow. If payments are late, it can disrupt your ability to pay your own bills or invest in your business. Financial Health: Overdue invoices can indicate issues with your financial health. Too m

Key Facts Every Business Start-Up Should Know Starting a new business? Brilliant! Whether you're fixing cars, designing logos, or walking dogs, there's some stuff you need to know to keep things smooth and stress-free. Here’s your go-to guide — no jargon, no fluff.   1. You Need an ABN An Australian Business Number (ABN) is a must if you're running a business. It’s like a

We need Bookkeeping, what's the downside of Using Spreadsheets? You need Bookkeeping to check on how well, how bad or how indifferent your business is going. Bookkeeping involves recording and organizing all financial transactions, which is crucial for tracking expenses, preparing tax returns, and making informed business decisions. Why Using Spreadsheets for Bookkeeping is a Bad Idea W

Do I really need an ABN for my BusinessDo I really need an ABN for my Business The answer is Yes.  There might be a rare exemption here and there, but if you are conducting business in Australia, you will need an ABN.   ABN requirements are applicable to all business structures; Sole Trader, Partnership, Trust, Company and Superannuation Funds. ABN is an acronym for Australian Business Nu

Simplify bookkeeping with eCashbooks Get business smart in the easiest way possible. It can be confusing for small businesses, micro-businesses, and home-based businesses when choosing the right software.  The need for a simple, intuitive, and effective bookkeeping tool goes without saying. That’s where eCashBooks comes in. eCashbooks is not for medium and big business.  No complex le

Effective Bookkeeping has many, many, many Benefits I don't know about you, but bookkeeping seriously sucks.  It's often viewed as a mundane task, a necessary evil.  Unfortunately, you actually need it.  So the simple and most easiest way to get it done in limited time is what you need to be looking for.  Bookkeeping is the control tool of the "seat of your pants" management which many sma

Simplified Bookkeeping for Solopreneurs Simplified Bookkeeping for Solopreneurs As a solopreneur, you’re a one-person show, juggling multiple roles. While bookkeeping might seem daunting, especially if you’re not keen on learning the nitty-gritty of debits and credits, it’s essential for tracking your business’s financial health. But don’t worry, you can still get valuable insigh

You need Cashflow to run your Business Without cashflow your business will cease to exist.  So it's important to monitor the cash in your business and have an understanding of what impacts its movement. Put really simply, your businesses cashflow is the Money coming IN minus the Money going OUT.  And what's left you get to spend or invest.  Not knowing what your business cashflow is w

Knowing Your Charge Out Rate |eCashbooks Knowing Your Charge Out Rate: A Key to Profitability If you employee people and charge them out at an hourly rate then you need to determine that your charge out rate is actually being recovered and adds to your bottom line.  Having awareness of this measure will ensure you are not underpricing your jobs and actually contributing to your overall pr