Prime Accounting in Allambie Heights | Financial service

Prime Accounting

Locality: Allambie Heights

Phone: +61 1300 551 926

Address: PO Box 3113 2100 Allambie Heights, NSW, Australia

Website: http://www.primeaccounting.com.au

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25.01.2022 Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place. And well organized SMBs are better positioned to minimize their tax bill while avoiding penalties associated with missing or inaccurate information. [ 462 more words ] https://primeaccounting.com.au/tax-season-tips-for-small-b/

25.01.2022 Its a good idea to think about your succession plan long before you need to sell. With a plan in place, you can maximise the value of the business and achieve a better outcome.

24.01.2022 Its the line item most often left out of a small companys budget: the business owners salary. Lets face it: you can always spend cash on your business. From office expenses to employee salaries to rent, every month a portion of your revenue is accounted for. But paying yourself first is a must. You need to earn a living and paying yourself can actually help your business succeed. [ 521 more words ] https://primeaccounting.com.au/get-paid-first-why-your-sal/

23.01.2022 Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. But despite their proven importance, many business owners dread and avoid accounting tasks. In fact, 40% of surveyed entrepreneurs claim that bookkeeping is one the worst parts of running a business! [ 373 more words ] https://primeaccounting.com.au/why-bookkeeping-is-crucial-/

22.01.2022 Times were tough, so John decided he had to drop his prices below his competitors. The results seemed gratifying. Business picked up quickly and when John looked round his shop he could see his sales staff were always busy with customers. Then came the call from his accountant. Arent the sales figures great? said John, getting his bit in first. Yes, said the accountant, impressive sales indeed. [ 523 more words ] https://primeaccounting.com.au/lessons-from-three-pricing-/

22.01.2022 A Canadian bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the love category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. But lack of knowledge, frustration, and even avoidance can add up to accounting mistakes that derail future growth. [ 387 more words ] https://primeaccounting.com.au/avoid-these-5-costly-accoun/

22.01.2022 In today's fast-paced world, everyone wants to be more productive. Fortunately, there is an ever-increasing number of tools, many of them available online and across multiple devices, that promise to help us achieve our goals. The challenge then becomes how to know not just which tools will live up to their promise but which tools are right for our business. [ 964 more words ] https://primeaccounting.com.au/10-productivity-tools-to-he/

22.01.2022 If youre a small business owner whose company hasnt gone through hard times, thats great but its likely to happen at some point. As much as we dream about being brilliant enough at business that well never face slow times, there are many things beyond our control that can negatively affect our business. Here are four tips for getting your business through difficult periods so you can look forward to many more years of business ownership. [ 497 more words ] https://primeaccounting.com.au/4-tips-for-getting-your-bus/

21.01.2022 Effective training of staff is essential to ensure they develop in their roles and are able to be as productive as possible. The business will need training to be cost effective and meet learning objectives, so as a facilitator of training it's important to get it right first time. These 12 tips cover all the critical areas you must consider to ensure your training delivery is top notch and fully effective. [ 934 more words ] https://primeaccounting.com.au/12-essential-tips-for-deliv/

20.01.2022 Think of your business plan as a roadmap designed to point the way to your current destination, knowing that where you land may not be your ultimate end point. After all, things are constantly changing in a healthy, thriving business. Market fluctuations, new competitors, changes in staffing or your sales figures may nudge you in a direction you wouldnt have previously dreamed of, requiring new goals and strategies to achieve them. [ 454 more words ] https://primeaccounting.com.au/tips-for-updating-your-busi/

20.01.2022 When you own a business, any time you speak in public youre representing your company. Thats a lot of pressure, especially when you consider that most people are already nervous about speaking in front of people. Theres no magic cure for fear of public speaking but there are some things you can do to feel more confident, comfortable and natural in the spotlight while drawing your audience in. [ 538 more words ] https://primeaccounting.com.au/four-tips-to-being-an-amazi/

19.01.2022 If youre like most small business owners, you spend the majority of your time managing daily operations, keeping customers happy, and looking for new ways to grow. Spreadsheets, cash flow analysis, and financial projections are probably not your first passion. However, measuring profitability, creating realistic budgets, and planning ahead for the future are crucial to your professional success. Follow these four tips to get a handle on the numbers, and take control of your business finances. [ 420 more words ] https://primeaccounting.com.au/tips-to-keep-your-business-/

18.01.2022 Healthy cash flow is important for any business, but particularly for small business owners in those first few make it or break it years. Business owners who set clear payment terms with their customers, invoice quickly, and follow up on late payment can avoid the dreaded cash flow crunch that can quickly put them out of business. These simple guidelines for setting payment terms can help you get paid quickly and maintain a steady cash flow. [ 468 more words ] https://primeaccounting.com.au/how-to-set-your-small-busin/

18.01.2022 They both work with financial data; theyre both essential for managing a successful business. Yet the roles and duties of a bookkeeper and accountant rarely overlap. If youre like many business owners, you may not be exactly sure of the differences between a bookkeeper and accountant - and whether you should hire one, or both. An established, growth-focused company will employee the services of both an accountant and bookkeeper. [ 521 more words ] https://primeaccounting.com.au/similarities-and-difference/

17.01.2022 When it comes to writing for blogs, not all content is created equal. Many articles are rushed, poorly written, and lack the research to back them up, all of which can drive away traffic and leave visitors with a negative first impression. The good news is that with the right know-how and a bit of effort, virtually anyone can dramatically improve their writing skills. [ 583 more words ] https://primeaccounting.com.au/6-proven-ways-to-improve-yo/

16.01.2022 To many people, financial planning sounds like something for the very rich. The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money. The rest of us just focus on saving what we can while paying off debt and hoping we dont lose our jobs before were financially stable. [ 563 more words ] https://primeaccounting.com.au/what-is-financial-planning/

15.01.2022 "Outsource your weaknesses." So says start-up guru, Sujan Patel, when advising small business owners to get outside help for tasks like payroll and bookkeeping. And when you consider that 70% of businesses fail due to poor in-house financial management, Patel's advice seems spot on. Unfortunately, many small business owners seek to keep costs low by doing everything themselves unwittingly sabotaging the financial stability of their own company. [ 461 more words ] https://primeaccounting.com.au/how-to-hire-the-right-bookk/

15.01.2022 Stop putting off setting your small business budget! Its a great way to eliminate wasteful spending and get to profitability faster. Setting a budget isnt complicated but it can still help to involve an expert. Talk to us. We can help. #Budgeting

13.01.2022 Many small business owners think theyre saving money by handling their financials themselves. While its a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring an accountant to oversee your finances has many benefits. Leaving your books to a pro will free up time so you can focus on serving your clients and implementing plans for growth. [ 481 more words ] https://primeaccounting.com.au/three-ways-an-accountant-ca/

12.01.2022 Cloud computing is quickly moving from an obscure concept to an everyday reality for small businesses all over the world. A 2015 survey of small business owners found that 52% had already adopted some form of cloud-based data storage; however, a general lack of awareness regarding the logistics and advantages of cloud computing has made others a bit more resistant. [ 426 more words ] https://primeaccounting.com.au/why-keep-your-data-in-the-c/

11.01.2022 Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself youll get around to it tomorrow, but tomorrow becomes next week, next week becomes next month, and suddenly you realise your client hasnt paid you in a while and your bank account is lower than expected. [ 418 more words ] https://primeaccounting.com.au/three-ways-to-speed-up-invo/

11.01.2022 Most small business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses and view real time financial reports to manage cash flow and make better business decisions. But what many business owners dont take advantage of are key insights that can improve customer care and increase sales. Here are some smart ways you can use your accounting software to help boost your bottom line. [ 399 more words ] https://primeaccounting.com.au/how-accounting-software-can/

11.01.2022 There are all kinds of groups dedicated to networking. Some are highly structured with performance requirements, exclusive membership, and the payment of dues. Others are free form, come as you please and no charge. Not every group is right for every kind of business. You will find that some groups may simply not have connections in the market you are seeking to attract. [ 459 more words ] https://primeaccounting.com.au/the-true-value-of-networking/

10.01.2022 While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering. Taking the time to regularly review financial statements can help you assess and improve current performance, avoid risk and make scalable plans for future growth. Protect your companys financial health by learning your way around these three financial reports. [ 463 more words ] https://primeaccounting.com.au/the-three-most-important-fi/

08.01.2022 Okay, there probably arent a lot of people who need to be convinced that a shorter workweek is a great idea. Small business owners, however, might be on the list of people who need a little encouraging. After all, every day they take off could mean a longer day to make up for the missed hours. There are some very real benefits to working a shorter week and those benefits arent just about the long weekendsthough who would complain about those? [ 479 more words ] https://primeaccounting.com.au/great-reasons-to-shorten-yo/

07.01.2022 Did you know that 50% of small business expenses are generated on the go? Its no wonder the majority of expense receipts end up shoved in coat pockets or an old shoebox. In spite of all of the high-tech options out there, 47% of small businesses are still using spreadsheets for expense management, leaving room for errors that could really hurt their bottom line come tax time. [ 455 more words ] https://primeaccounting.com.au/5-apps-for-tracking-small-b/

06.01.2022 If youd like to save time, cut costs, improve productivity and increase sales, take a look at how the latest technologies can serve your small business in the new year. The rise of the remote office Although cloud-based solutions arent new, its anticipated remote work teams are on the rise. One reason may be that small businesses, initially slow to adopt cloud technology, are now realizing its potential; [ 445 more words ] https://primeaccounting.com.au/small-business-tech-trends-/

05.01.2022 For many small business owners, hiring workers on a flexible basis is ideal especially if paying regular salaries isnt in the budget and/or the workload is variable. Depending on where you live and operate your business, you need to be aware of the rules when it comes to paying your casual workers. These guidelines can help you get started with understanding how to calculate a fair hourly rate for casual staff. [ 476 more words ] https://primeaccounting.com.au/how-to-set-an-hourly-rate-f/

05.01.2022 For small business owners, business conferences can be both a blessing and a curse. They give you the opportunity to develop new skills and learn strategies that you can use in your business, and they also provide you with the chance to meet new people and expand your business network. Unfortunately, they also pull you away from your business and they cost money, so its important that you get the most out of any business conference you attend. [ 483 more words ] https://primeaccounting.com.au/conference-tips-for-small-b/

05.01.2022 Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can and should spend their money on today. It might seem counterproductive to spend money when you want to put it in the bank and make no mistake, saving and investing are also vital but sometimes spending your money can wind up helping your business immensely, protecting it from slower times. [ 497 more words ] https://primeaccounting.com.au/smart-money-tips-for-busine/

05.01.2022 Learning Facebook for business Warringah Chamber of Commerce

04.01.2022 Special offer on QuickBooks Plus. Only $24.20 p.m. for the first year (a saving of over 51% on RRP). Offer limited to 5 files and expires 31 July 2020.

04.01.2022 If youre like most people youve probably gone for periods of time without really thinking about how you spent your money. Maybe you even avoided looking at your bank statement so you wouldnt see how much money you spent and how little you saved. Its something a lot of people do, especially nowadays when we can spend our money so easily without handing over cash. [ 593 more words ] https://primeaccounting.com.au/benefits-of-money-mindfulne/

02.01.2022 Social media is a more potent force than ever before and one of the sites at the forefront of the social media revolution is Twitter. With millions of active users, Twitter is an extremely powerful marketing tool. The secret to Twitter success, of course, is growing and then holding a large follower base which can then retweet your own tweets, bringing you even more exposure. 766 more words [ 764 more words ] https://primeaccounting.com.au/ten-proven-ways-to-get-more/

01.01.2022 For business owners who want financial security now and freedom in retirement, having a financial planner on the team is a must. A financial planner will create a customized, strategic action plan to help you achieve your personal financial goals. Getting to know you and your business inside out is the first step a financial planner will take to understand where you are now, where you want to go, and then determine the steps you need to take to get there. [ 511 more words ] https://primeaccounting.com.au/reasons-to-consider-hiring-/

01.01.2022 Theres no denying the importance of face timeor the competitive advantage businesses enjoy when they can video chat with colleagues, remote workers, and clients from anywhere in the world. Video conferencing apps increase productivity and save time in innumerable ways. They reduce travel time for business meetings, optimize meeting attendance, and allow those in different time zones to chat in real time, helping to streamline sales and the decision-making process. [ 539 more words ] https://primeaccounting.com.au/which-video-conferencing-ap/