Profit and Loss 101: Do you really understand your P & L?

An income statement (commonly known as a profit and loss statement or your [P&L]), is a critical tool to know as a business owner. It answers the most important question: Is your company profitable? Is it running efficiently? And what opportunities are there in identifying areas to focus on i.e. opportunities for increasing revenue and/or decreasing costs. Naturally, when you work closely with your BAS Agent, you have the peace of mind knowing that this is created accurately, however, as a business owner, it is also useful to know how to interpret this fundamental statement. This blog is your profit and loss 101 training document. Our aim to provide an… Read More

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5 important security tips when using cloud software

The recent security breach that resulted in a popular cloud bookkeeping software’s security being compromised, has again shed light on the importance of having security protocols in place. Thankfully, no such breach is yet to occur with Intuit Quickbooks Online. With any software in the cloud, you have to be mindful that you should treat this software with the respect it deserves. Much like you wouldn’t leave your house unlocked or give anyone the keys to your house, you shouldn’t just save your username and password because it is easier than remembering it. You also shouldn’t give your username and password out to other staff. If other staff require access, they should be… Read More

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5 reasons why we love Quickbooks Online

At Quick Bizness Bookkeeping Solutions and our sister business Bookeeping Your Bizy Business, we specialise in Quickbooks Online (QBO). We’ve been using QBO since it launched in Australia in 2013. As a QuickBooks Online Certified Pro-Advisor and a member of the Trainer/Writer Network for Intuit Australia, QBBS represents Intuit as an official trainer for Quickbooks Online in Australia. As we know Quickbooks Online inside and out, we thought we would share our 5 top reasons why we love Quickbooks Online: 1. It’s the perfect solution for businesses of any size: It doesn’t matter if you are a sole trader, have hundreds or thousands of employees, Quickbooks Online can easily be adjusted to meet… Read More

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Thinking of Converting to QuickBooks Online?

I realise that you might have a few questions regarding Intuit’s QuickBooks Online free data conversion service. Converting to Quickbooks Online I have recorded a training webinar geared to the Accountant / Bookkeeper on  free conversions to QBO. Even if your a business owner this will be extremely helpful to you – All that you need to do is go directly to the conversion pages and follow the directions. If you need any help please contact me on lauretta@qbbs.com.au Also I show you how to set up a brand new file – what you need to look at when setting up your new file, hints n tips &what not to do!  … Read More

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QuickBooks on the go

We offer QuickBooks Training, Cloud Accounting & Bookkeeping

Are you a good Bookkeeper ? Really? Are you expert in running your own bizzy Bizness or expert in accounting and bookkeeping? Do you really know what you are doing when it comes to your BAS reporting to the ATO? Have you claimed the right GST amount ? Do you know how to read your Profit & Loss and Balance Sheet ? Do you know the difference between an Asset, Equity, Expense? is there GST on Vic Roads?  I could be here all day, but I think you catch the drift here. So many questions QuickBooks Training, Cloud Accounting and Bookkeeping Well we are? Expert in both. We offer QuickBooks… Read More

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Why do Aussie Small Businesses need a Bookkeeping

Intuit QuickBooks Online reveals the results of its national small business survey. Are you using a qualified Bookkeeper? Small Business Bookkeeping Software Surprisingly more than 50% are still using the old fashioned ledger books that  I learn Accounting with (showing my age) and spreadsheets for their bookkeeping in their business. With online solutions now available to everyone, users are likely to experience time saving, accurate financials and quicker cash flow into the business,  by emailing out directly invoices. What the survey found that 44% are not using a bookkeeper or a trusted Advisor who can help them get onto the right path of financial health. Read more:

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Three cloud computing myths busted

Cloud computing is an increasingly important technology for businesses, but concerns about its viability for small businesses still abound. Accountant Bobby Chadha busts some of these myths. It is a fact that cloud computing has irreversibly changed the way we work and play for the better, but to many the cloud is still a nondescript, amorphous term that conjures up nothing but confusion.

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