Upward Business Solutions | Local service

Upward Business Solutions

Phone: +61 403 121 624

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25.01.2022 Are you spending too much time IN your business rather than ON your business? Time is precious! It is so important to invest your time into growing and developing your businesses, rather than being stuck behind a screen crunching numbers. Get in touch with us about our bookkeeping and virtual CFO services. You run your business, well run your numbers... @plannyourbusiness #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

24.01.2022 August due dates: July IAS - due today! 21st August Q4 BAS - due 25th August ... Taxable payments annual report (TPAR)- due 28th August

23.01.2022 End of Financial Year (EOFY) is just around the corner, and if youre not ready for it yet, its time to hire a pro! This week Ill be sharing some top tips from my EOFY preparation checklist. So, get your notepad and pen out (or dont because youll find it all here thank you technology) Also, if you really feel like youre wading through deep waters leading up to 30 June, send us a DM so we can get in touch, wed love to help you swim to shore! @plannyourbusiness

23.01.2022 Good accountants record the past, great accountants help build the future! At UPWARD, we provide management accounting and virtual CFO services. We take the financial data from your bookkeeping (another service we also provide) and extrapolate it to measure performance in greater detail.... This allows us to identify areas for growth in the future of your business. We create budgets and forecasts, so you have something to measure your performance against. As well as complete financial modelling to determine just how impactful certain changes to your business can be on your bottom line. So dont just sit in the past, let us help your business grow into the future... UPWARD! #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

23.01.2022 This week, we’re covering some of the common KPIs used in business. Current ratio is a KPI used to measure liquidity within a business. It measures a business’ ability to meet all of its short term obligations (within one year). A good current ratio is between 1.2 - 2, the latter meaning a business has 2 times more current assets than liabilities to cover its debts. ... This ratio is also referred to as ‘working capital’ ratio. If your current (or working capital) ratio is below 1, it means means your business does not have enough liquid assets to cover its short term obligations! Now more than ever, businesses should keep a close eye on this KPI!

22.01.2022 There is something about the ocean for me. It brings a sense of calm, an urge to dream and an ability to see things more clearly. What helps you dream big whilst putting things into perspective?

22.01.2022 TAX TIME! Yes, its that time of year again. It just seems to come around so fast doesnt it? A bit like our birthdays as we get older... they just seem to come around too quickly and sometimes were not overly enthused about it. But it doesnt have to be all that bad. Being organized for tax time can really take the pressure off.... UPWARD Business Solutions is all about helping you get on top of things. You run your business, well run your numbers. Simple. #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

21.01.2022 Did you see our post on KPIs? Did you know they’re not just for employees? They’re a great way of evaluating your business’s success at achieving its goals and objectives. We work with businesses to determine KPIs that suit the goals and objectives they’re trying to achieve. Our KPI reports are usually presented in a graphical format called a dashboard. You could say it’s the pretty accounting report. But they’re more than just good looks! ... We will be touching on some KPIs over the next week.

19.01.2022 Want to know how we create effective KPIs for our clients? Swipe across! #businessperformance #businessgrowthtips #businessstrategy #accountingforsmallbusiness #accountingforentrepreneurs #growthmindset #bookkeeping #accounting #cfo #virtualcfo #businessnumbers #businesschicksaustralia #supportsmallbusinessbrisbane #brisbanebusinessowner #brisbanesmallbusinesses #brisbaneaccountant #brisbanebookkeeper #xero #quickbooksonline #businesscoaching

18.01.2022 Growth.. isnt always comfortable. It isnt always easy. Growth is about going to a place youve never been before, learning a version of yourself (and/or business) youve never known before. So take a moment, breathe deep and embrace the journey, because the reward is worth it in the end.

17.01.2022 Did you know accounting is not just about recording numbers? Its about using those numbers to make sound strategic business decisions. Like how to choose a sales price for a new product, when to hire a new staff member or purchase equipment to increase productivity, whether to outsource an operation or do it in house, whether to invest in marketing to boost sales... See numbers differently with the guidance of an outsourced CFO. Your future business (and self) will thank yo...u for it. #strategy #financialstrategy #accounting #cfo #outsourcedcfo #virtualcfo #businessstrategy #startups #newbusiness #accountingforentrepreneurs #financialreporting #financialaccounting

15.01.2022 Dont we all At UPWARD, our goal is to help small business owners understand their business health. Is your business performing as well as it could be? We can help you identify your businesses strengths and weaknesses, so you can focus on how to improve your business, and your bottom line.... #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

14.01.2022 Many entrepreneurs find themselves running all parts of their business, especially during the start up phase. Entrepreneurs are often jack of all trades, working on the business idea, whilst also juggling marketing, hr, legal and accounting. Its so important to recognise your zone of genius. Its likely the reason you started in the first place. Growth comes when you can truly dedicate all your energy into that zone of genius. So, when its time to hand over the books, get in touch with us, stick to your zone of genius and well stick to ours. #outsourcedcfo #cfo #zoneofgenius #accounting #startup #startupbusiness #bookkeeping #australianbusinessowner #entrepreneur #accountingforentrepreneurs #entrepreneurlife #businessgrowth

14.01.2022 This week, were covering some of the common KPIs used in business. Current ratio is a KPI used to measure liquidity within a business. It measures a business ability to meet all of its short term obligations (within one year). A good current ratio is between 1.2 - 2, the latter meaning a business has 2 times more current assets than liabilities to cover its debts. ... This ratio is also referred to as working capital ratio. If your current (or working capital) ratio is below 1, it means means your business does not have enough liquid assets to cover its short term obligations! Now more than ever, businesses should keep a close eye on this KPI!

13.01.2022 Lets talk numbers.. specifically how you account for them! There are 2 methods of accounting.. a cash method and an accrual method. A cash method records transactions when cash is physically received (income) or physically paid (expense).... An accrual method records transactions when they are earned (income) or incurred (expense) irrespective of when physical cash is exchanged. One of the first things I ask a new client is what method they are currently using. Most small businesses/sole traders/startups adopt a cash method as it is easier to adopt on their own. But, they quickly discover it can result in what I call a lumpy Profit & Loss statement, and makes reviewing business performance more difficult. An accrual method of accounting smooths out your revenue and expenses and takes on a matching principle. For example, if you sell 100 units of product in July, you would record revenue for those 100 products, but youd also record cost of goods sold for 100 units as well (despite the fact you may have physically paid for 500 units to hold in stock for future months). The matching principle in accrual accounting, allows far more clarity around performance. If you need clarity around your numbers, get in touch with us and well help you adopt an accrual method for your books (along with a lot of other value added expertise) Oh.. and why is clarity important? Because having a clear view on your business performance, means you can make sound decisions to drive growth! #accountingexpert #outsourcedcfo #financialreporting #bookkeeping #smallbusiness #smallbusinesssupport #smallbusinessowner #sme #entrepreneurship #accountingforentrepreneurs #entrepreneurlife #accrualaccounting #businessnumbers #understandyournumbers #businessgrowthexpert #businessgrowth #businessstrategy

13.01.2022 The tips could be endless but well finish it up with what we think is the most important tip of all... REVIEW! This is the essence of what Upward Business Solutions is all about, we dont just stick in the past, we help define growth into the future. Get in touch with us to find out how we can help your 2021 year be the best yet.

12.01.2022 Transparency plays a huge role in our business. Over the past few months, I have been working through my why and my how questions. Why am I starting this business, what is it that I want to achieve both personally and for my clients. ... And.. how do I want to achieve those goals and objectives. How do I determine what I say yes and no to, to align with my why. One BIG word/topic/value that has been playing on my mind is Transparency. I want to be transparent in how I operate and in the relationships I build. Out of this desire for transparency, has come a real longing for being transparent on my pricing and the services I offer. Personally, I hate looking at a website and discovering I have to contact us for pricing. Its not my vibe, yet I realised I was doing it myself. So, over the past couple weeks, Ive made it my lifes ambition (ok slight exaggeration but you get the drift) to come up with some TRANSPARENT pricing and pricing packages.... which, you can now find on my website! Of course there is always room for tailoring services to meet the requirements of each business, after all, thats why Im here! But.. I truly believe that being open and transparent about my pricing and the services I provide will bring clarity, with clarity comes trust, and with trust, comes relationship. And that, is what Im all about! I cant wait to share more about me and my journey over the next few months. To be more transparent about who I am and how I can help your business! And Im even more excited to see your journey too! Onward and UPWARD! Kaycee

11.01.2022 Do your receipts look like this? We truly hope the answer is no, but if the answer is yes.. let us help get you sorted! We love using Hubdoc with Xero to keep our clients receipts organised.... And, you can connect a range of major supplier accounts (tradies.. think Bunnings powerpass) to Hubdoc so you wont even need a receipt at all! Get in touch with us to find out even more ways of streamlining your bookkeeping processes!

11.01.2022 EOFY tip 1: Reconcile!

10.01.2022 EOFY TIP 4 By the way, that instant asset write off cap of $150k has been extended to 31 Dec 2020! So, if your cashflow doesnt permit capital investment right now, dont panic, you still have a few months left up your sleeve and can claim it next year.

09.01.2022 At the start of a new year, we often find ourselves reflecting on the year thats been, whilst settling goals for the future year ahead. Well, a budget is just that, your goals translated into a quantitative measure to analyse your future performance against. Now is the time to make sure you have one in place, so that you can analyse your actual performance as the year progresses.... What you might not realise, is that a forecast is something different entirely. A forecast, usually done on a quarterly basis, takes the budget into consideration, but also looks at historical performance along with new found information (hello COVID) and predicts what a businesses performance might actually be. If you want something to measure your performance against this year, and keep your goals and objectives at the forefront of your business mind, get in touch with us about budgeting and forecasting #virtualcfo #budgeting #forecasting #accounting #bookkeeping #budget #forecast #businessgoals #outsourcedcfo #financialanalysis #reporting #financialeducation #financialaccounting

09.01.2022 Word! Although, it is Sunday, so maybe enjoy a bit of down time so that you can hit the ground running tomorrow! #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

08.01.2022 What office dreams are made of... that natural light streaming in. #goals right! Tell us, what are your goals for this new financial year?

07.01.2022 Failing to plan, is planning to fail. When unexpected expenses pop up, a valuable client terminates their contract, or a long term employee resigns, are you prepared? We are always looking forward for our clients, helping them identify risks and plan for future impacts that come with making strategic business decisions. ... Send us a DM to find out how we can help you navigate the unchartered waters facing businesses during these COVID times.

07.01.2022 Hi, were new here! Well, new to this space, but boy are we old when it comes to numbers (pardon the pun). Were working hard behind the scenes building our website, and all the other things that go along with a startup (more on that later, we promise). ... But please, do join us on our journey, were only going UPWARD from here! #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

07.01.2022 If youve been employed in a professional setting, youve probably heard the term KPI (Key Performance Indicator). Employers use KPIs to measure and evaluate an employee success at reaching set targets. But did you know a business itself can have KPIs? They can be financial and non-financial and, like the KPIs set for employees, they are designed to measure and evaluate the businesses performance in achieving its goals and objectives. ... KPIs are different for every business, obviously because every business has different goals. But, there are some key KPIs that are commonly used. Over the next week, Ill be sharing some of these KPIs and how measuring them can add value to your business. Also, if you want to see how KPIs could help your business, get in touch with us about our CFO services and monthly CFO packages that include a KPI report each quarter/month! Your future self will thank you for the insight they provide.

04.01.2022 Ok, so were a day late.. but happy EOFY everyone! In true new year style, we spent our day writing down our goals for the now current 2021 financial year and we are so excited for whats in store. Its been a tough start to the calendar year, so we felt this new financial year milestone symbolised so much more than ever before! Anyone else? ... How have you started your financial year? Have you got goals you want to achieve?

03.01.2022 One thing we know for sure, is that business startups take hard work and... coffee! Lots of coffee! But what we also know, is that were also putting our skills and knowledge of startups and accounting into practice and we cant wait to share some hot tips with you soon too! @marianne_krohn #bookkeeping #bookkeeper #bookkeepingforcreatives #bookkeepingtips #bookkeepingaustralia #ladystartups #businesschicksau #ladieswholaunch #girlsbossesau #australianbusinesswomen #australianbusinesswoman #australianbusinessowner #businesschicks #mumswithhustle #xeroaccounting #helpingsmallbusiness #xeroaccounting #quickbooksaccounting #xero #receiptbank #quickbooks #myobaccounting #myob #budgeting #forecasting #businesssolutions #accounting #smallbusiness #upwardbusinesssolutions

03.01.2022 Did you see our post on KPIs? Did you know theyre not just for employees? Theyre a great way of evaluating your businesss success at achieving its goals and objectives. We work with businesses to determine KPIs that suit the goals and objectives theyre trying to achieve. Our KPI reports are usually presented in a graphical format called a dashboard. You could say its the pretty accounting report. But theyre more than just good looks! ... We will be touching on some KPIs over the next week.

02.01.2022 Have you seen our new website? Want to know how we can help your business? Head to our website for more info on the services we provide #upwardgrowth #accounting #cfo #outsourcedcfo #virtualcfo #bookkeeping #bussinessconsultant #financialanalysis #budgeting #forecasting #cashflow #moneymanagement

01.01.2022 Got a lumpy P & L? Do you find it hard to know the true performance of your business when looking at your revenue? We highly recommend using an accrual method of accounting to gain a clarity on your numbers.

01.01.2022 We hear it time and time again, but it is true, cash is king. Now, more than ever, businesses are realising the importance of healthy cashflow. I have seen businesses fail not because they werent profitable, but because their cashflow management was poor. ... One important tool that can provide clarity around the cash in your business is a cashflow statement. A cashflow statement can show you where your money is coming from and going to, and is part of the financial reports we provide as part of our bookkeeping services. But if you really want to manage your cashflow, youre going to want to delve deeper into cashflow forecasting. Knowing how much cash you will have and when you will have it provides invaluable insight, think of it as your early warning sign for potential shortfalls. Also, if your business needs additional funding through a loan, a bank will inevitably ask for a forecast of not just your profit & loss statement but your cashflow too! Our outsourced CFO services include budgeting and forecasting, so if this is an area of your business that needs bolstering up, were here to help!