Scorpion Bookkeeping in Adelaide, South Australia | Accountant

Scorpion Bookkeeping

Locality: Adelaide, South Australia

Phone: +61 1300 911 571

Address: 33 Warwick Street 5081 Adelaide, SA, Australia

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

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• Business service
• Accountant
• Business consultant

23.01.2022 Instilling a positive money mindset can go a long way in your success in life and in business!

23.01.2022 As a business grows, so does the amount of paperwork that needs filing AND let's face it, there is no better feeling for a business owner than knowing that receipts and payments are updated and accurate! As a business, you shouldn’t be updating your financial records at the last minute for tax or BAS.... Having a bookkeeper ensures that your business is able to file all the liabilities and put reminders or automatic alerts on when the next payments are due, or receivables expected. This way, you are guaranteed your business will not fall behind on financial record keeping.

22.01.2022 Here's how to track your business expenses in 5 easy steps: 1. Create a business bank account 2. Stay on top of your receipts ... 3. Take special note of all business travels 4. Monitor expenses in real-time 5. Use software to track and analyse See more

21.01.2022 Bad small business bookkeeping is often the roof of financial problems in your business! One of the biggest mistakes businesses is not keeping a separate checkbook and set of books for each of your businesses. Here are three significant reasons why you should: 1. Tax savings ... Separate banking will improve bookkeeping procedures, prevent payments from being missed, and provide better records to improve your tax return. 2. Less stress and less sanity This procedure saves time and money in the long run. 3. Improved decision making Having a separate checkbook starts the process of better bookkeeping, expense tracking, and budgeting, which leads to quality decision making. And remember, proper bookkeeping equals proper financial records! See more

21.01.2022 If you’re planning to start a business, then you should first learn the art of managing your personal finances. Without proper knowledge and application of personal financial management principles, you may have a hard time keeping your business operating!

19.01.2022 It often takes years of hard work, long hours, and no recognition to become successful. There's no such thing as overnight success in business!

19.01.2022 Who multi-tasks? Sometimes multitasking isn't great, especially when it comes to running a business. With that much to do, you might often find yourself switching from task to task, with certain one's taking a-lot more time than others (usually it's bookkeeping!)... According to a study cited by the @americanpsychologicalassoc the mental blocks that result from repeatedly shifting between tasks can cost upwards of 40% of a person’s productive time. Outsourcing time-consuming tasks including Bookkeeping, can help you grow your business whilst obtaining 40% more productivity! See more

19.01.2022 The importance of your financial statement cannot be overstated because it contains significant information about your business's financial health!

16.01.2022 Have a read.............

14.01.2022 Good financial planning should include details about your cash flow, savings, debt, investments, insurance and any other elements of your financial life!

13.01.2022 Cloud accounting is the present and the future. Cost savings, increased security, more flexibility, just some of the benefits of cloud-based technologies. You wouldn't want your business to miss this competitive edge. Time to switch to the cloud to keep up!

13.01.2022 You can’t buy time, so make a conscious attempt to incorporate lifestyle changes that can maximise the number of hours you have in a day!

08.01.2022 There are four numbers that we believe every successful business owner should be tracking... 1. Sales 2. Gross Profit... 3. Expenses 4. Cash Start tracking these numbers ultra carefully to gain some valuable insight into your business!

08.01.2022 The basicmoney concepts everyone should know

06.01.2022 According to a recent study by @xero they found more than 40% of invoices are paid late. So what can you do about it? Well, start with speeding up your invoice payment terms. Payment terms are often thought to be 30 days, but things are changing, and it's now perfectly acceptable to ask for payment to be made within 7 days. Invoices with short payment terms are still more likely to go past their due date, but you will still get your money sooner than if you give three o...r four weeks to pay. Almost to 75% of invoices now ask for payment within 2 weeks, so expectations are changing. See more

06.01.2022 I say phase 2 we close all big stores and let all the small businesses have a turn at making moneyI say phase 2 we close all big stores and let all the small businesses have a turn at making money

06.01.2022 With many businesses struggling to stay afloat because of Covid-19, it's left many businesses having to cut their overheads. But what should you cut? Here are 4 ways to cut your overheads: 1. Don’t employ in-house for a freelance job... A general rule of thumb for cutting costs is if you can outsource it, do outsource it. And this is no different when it comes to your hiring decisions. Hiring freelance offers you greater flexibility and is usually much more cost-effective than hiring for a permanent in-house position. 2. Actually know how you spend your time Obviously, the more time-efficient your company, the bigger your operational savings but without knowing where your business’ time is actually going, it's hard to actually optimise it. Use automatic time trackers to do the job for you, and reveal a whole host of insights to save you money. 3. Automate low-value work and admin Automation is a no-brainer for any business looking to become more cost-efficient. If a task is low-value, repetitive and easily replicable, it can be handed over to a machine. 4. Only use what you need Technology and society have evolved so quickly in the past few years that most companies are sitting on a ton of tools, products, processes and subscriptions they never actually use. Cut costs by looking at the ways you work and evaluating what you really need. See more

05.01.2022 This means you have to quit ignoring your finances. You have to know your numbers so you can set sales goals, save for taxes, and manage your finances effectively!

02.01.2022 Whether it's focusing on growing your business or spending time with your time with loved ones. Outsourcing your bookkeeping can save you a ton of time!

01.01.2022 How the ATO uses your Taxable Payments Annual Reports (TPAR) and the importance of these reports......

01.01.2022 While there have been some changes to the amounts paid under JobKeeper, one thing that isn’t changing is that you still need to be paid at least minimum wages f...or any work you perform. Minimum wages should be paid at your usual rate and must include any penalty rates, allowances or overtime applicable. We’ve got more info on the JobKeeper scheme and a Pay Calculator to check minimum award rates here: https://coronavirus.fairwork.gov.au//jobkeeper-wage-subsid