Healthy Business Finances

The June quarter BAS is due in two weeks.

For many businesses lodging through a registered agent, the June quarter BAS is due on 25 August. Check the due date shown on your activity statement or confirm it with your bookkeeper. That means bookkeepers everywhere are currently checking bank reconciliations, reviewing GST codes, investigating mystery transactions and sending pol...

Financial literacy sounds like something that requires a textbook, a calculator and an afternoon you would rather spend doing almost anything else.

But for business owners, financial literacy is not about becoming an accountant. It is about understanding enough of your numbers to make confident decisions, spot problems early and know when something does not l...

The new financial year is already one month old. Yes, really.

July has disappeared in a cloud of payroll updates, super payments, BAS preparation and promises that this would definitely be the year you became more organised.

So, ...

Your Profit & Loss report, commonly known as the P&L, is not just something your accountant runs at tax time before disappearing into a cloud of spreadsheets.