Resources

You may be at the stage where you’ve got a clear picture of the scope of your bookkeeping and payroll function, and are ready to explore the next steps of taking action   Initiation Having covered the scoping and resourcing of your bookkeeping and payroll management, perhaps you may now be ready to start implementing […]

Ok so there’s so much to be done in your bookkeeping and payroll, but how can you resource this function? There may be some ideas you haven’t considered Once you have a good scope of what needs to be done and the types of skills and capacities required across each area, you can now look

It may surprise you just how many different skills or qualifications could be involved in the breath of bookkeeping and payroll functions in your business or organisation Assumptions and Approach Earlier we touched on what we called a dangerous assumption when it comes to resourcing your organisational finance function. Let’s repeat this here – the

What are some of the higher-level things to think about when it comes to planning out your bookkeeping and payroll? How can this function in your business help other functions to grow? Accounts and Budgets Your organisation’s chart of accounts is a crucial foundation for effective financial management. If your chart of accounts is not

Perhaps you’ve experienced the grief of getting behind in your ATO lodgements, or possibly just confusion about the technicalities of GST in your business Setup and Configuration Lodging your Business Activity Statement (BAS) and/or Instalment Activity Statement) (IAS) is an important aspect of your compliance. If your BAS/IAS is lodged late you can incur significant

The number of financial reports that you could look can feel limitless. What could be a simple way forward that really gives you good, solid information that you can use? Financial Performance Good reporting can give you such an important boost in your organisation’s financial management. But the challenges you may face when it comes

When the time comes to “close off” a financial period, does it feel overwhelming? What are some key things that you can focus on in this process? Bank Reconciliations As you draw each financial period to a close (whether monthly, quarterly or annually) there are some key areas that you’ll be wanting give attention. The

It can be one of those business areas that causes confusion and anxiety for both leaders and teams. What can be considered when thinking about how to get this function humming along? Structure and Setup As you may have experienced, your business or organisational payroll can be complicated and time-consuming. Getting it wrong or paying

There can be a lot involved in developing an expense management process that’s both effective and simple. Where do you start and what should you consider? Approvals and Workflows Different business and organisations have different ways of handling the approval of expenses. You may find that in your organisation you have a typical layered approach

Whether simple or complex, getting a good grasp on your income can be helpful – not only at the immediate cash flow level, but also for analysis and strategy going forward Core Revenue   For most business the primary source of income is usually sales (whereas for many other types of organisations, revenue may include