How to Ensure your Variable Expenses don’t drown your Business

Posted by Kelly Morgan on 25-Feb-2019 10:44:18


Fixed expenses are known, and often they are the ones that businesses focus on because they are the big ticket items. Staffing costs, rent, insurance, vehicle or machinery leases, etc. When we are cost cutting it is these items that we look to see how we can reduce the costs.

However, what many businesses often forget about is the variable expenses. They can be the frivolous amounts that we spend which add up over time and can make a significant difference to our bottom line. They can also be unexpected expenses that blow the budget and leave us with less cash flow than anticipated.

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Topics: Business accounting, Business success, business advisory, business strategy, Accounting

Budget ways to scale your Business as a Startup

Posted by Kelly Morgan on 14-Feb-2019 10:43:23


Starting a business can be a roller coaster of emotions. But there comes a day when the dust has settled where you have to start generating new business, but how do you grow your business when you haven’t got much revenue to work with?

Here are our top tips for scaling your startup when you need to stick to a tight budget.

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Topics: Budget, Startups, Startup Australia, startup accountant, technology, Accounting

Getting the most from your Accountant means more than doing your Taxes

Posted by Azure Group on 14-Jan-2019 13:38:47


Great accountants don't just take care of tax-prep and compliance issues. Numbers really do tell a story and today's entrepreneurs are turning to qualified business accountants to help drive success and business profits.


We often think of an accountant as the person that does our tax return or lodges our BAS statements each quarter. But an accountant with true commercial acumen can really make a significant difference in your business and help you.

Strengthening and developing your relationship with your accountant is really an investment in your long term business success.

Here are some examples of how your accountant can add more value to your business.

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Topics: Business accountants, Sydney Accountants, Accounting Firm Sydney, taxation, Accounting

5 Simple New Years Resolutions to get your finances in shape

Posted by Kelly Morgan on 19-Dec-2018 07:46:55


It’s that time of year again. We know everyone is thinking about Christmas shopping and parties, but don’t forget it is almost the New Year. What better way to start the new year than with a few New Years Resolutions, particularly some financial ones!

Here are our top 5 new years resolutions to have you start the new year without a financial hangover.

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Topics: Budget, Financial advisor, goal setting, business advisory, strategic advisor, business forecast, budgeting, Accounting

7 Tips for setting up a killer Invoicing System that always gets you Paid

Posted by Kelly Morgan on 11-Dec-2018 08:13:45


Generating and sending invoices can be a time-consuming process. Still, it's not a process that should be skipped or ignored. A properly designed invoice helps a business get paid and provides legal protection for both parties.

Asking your clients or customers to pay an invoice isn’t the highlight of the day for business owners. However, it’s an essential task that will make or break your business. 

Here are our 7 top tips when setting up a killer invoicing system:

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Topics: tax invoice, Business accounting, Invoice, invoicing system, Accounting

5 Useful Tools for Startups to overcome their "journey difficulties"

Posted by Michael Derin on 29-Nov-2018 10:10:32


Despite accounting’s boring reputation, it can't be emphasized too much how essential it is that your business follows best practice accounting principles right from the start. No matter what size your startup is, there are some fundamentals that even the smallest self funded startup should be applying from the get go.  

To keep your people costs down it can be beneficial to automate as many of your processes as you can. 

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Topics: Startups, Startup Australia, Business accounting, startup accountant, accounting tools, technology, Accounting

5 Areas of your Business to Review before the New Year

Posted by Azure Group on 30-Oct-2018 12:26:01


Entrepreneurs are more likely to plan for the future than evaluate the past. But how can you fix something when you don't know it's broken? How will you celebrate achievements when you don't realise how significant they are to the big picture? If you do not conduct a review mid way through the year, it's likely you'll begin January with the same troubled systems, processes, and problems.

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Topics: strategy, Business growth, Business success, business valuation, business advisory, strategic advisor, Accounting

Can you do the math? What's 25 percent of $148?

Posted by Azure Group on 18-Oct-2018 09:57:05


One area that many entrepreneurs and small business owners undervalue is math. What do we mean by math? The ability to, at any moment, know the critical numbers that calculate whether you are profitable or not.

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Topics: strategy, Business accountants, Sydney Accountants, Accounting Firm Sydney, Small Business Accounting, business advisory, Accounting

5 Reasons you should understand the Value of Your Business

Posted by Kelly Morgan on 28-Sep-2018 07:00:00


Ever wondered what your business is worth? 
If you aren’t planning on selling in the near future you may not have even thought about it. However, we think it's important to always understand the value of your business and outline 5 compelling reasons why!

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Topics: Business Growth & Cashflow, strategy, small business, Small Business Accounting, Business success, business valuation, Accounting

How to choose the right Accountant for your Startup?

Posted by Azure Group on 20-Aug-2018 08:42:08


Your relationship with your accountant should be a long term, trusting relationship. They should have a good understanding of you and your business in order to assist and advise you in the best possible ways. Not all accountants are the same, and it is therefore important that you choose an accountant that is right for you and your startup. Here are our tips on things to consider when choosing an accountant.

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Topics: Tech Business, Startups, Startup Australia, Startup investors, Investment, Accounting Firm Sydney, startup accountant, technology, Accounting

Is lack of Financial Record Keeping linked to Company Failure?

Posted by Kelly Morgan on 16-Aug-2018 09:19:47


We all know that the number one reason for companies to fail is inadequate or poor cashflow. However, have you ever stopped to wonder what the other main reasons for company failure are? According to the Australian Securities and Investments Commission (ASIC) the other reasons are poor strategic management of the business, and poor financial control including lack of records.

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Topics: strategy, small business, cashflow, Company Director, business failure, company failure, Accounting

How Business Owners can avoid a Cashflow Crisis

Posted by Kelly Morgan on 20-Jul-2018 09:53:20


Cashflow!
 Managing the money coming in versus the money going out and getting the timing of this to all line up can be stressful. Cashflow is critical and is one of the major factors in business success and failure.

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Topics: Business Growth & Cashflow, cashflow, Business efficiency, Business performance, Business accounting, Small Business Accounting, Accounting