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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Stop chasing late payments with this handy new tool

Chasing invoices can be time-consuming. QuickBooks Online now has the ability to send a reminder for an overdue invoice directly from the Customer Card, with your own tailored default message. The default message can be set from the Reminders section. This is found under the Gear icon > Settings > Company settings > Sales > Reminders. You can change the default message in QuickBooks Online to suit your business’s tone of voice. We suggest using something like this: “Just a reminder that we have not received a payment for this invoice yet. Please pay this immediately or, if you have any questions, please call us to discuss. Thanks for your business!” Options to send the… Read More

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Bookkeeping Adds Value!

Why Bookkeeping is Essential for Your Business Bookkeeping policies play a key role in organizing economic life. Be it the public sector or a private company, every activity is assessed and evaluated around its costs, benefits, risks and rewards. Bookkeeping is thus regarded as a communicative discipline: the numbers as such are important means of conveying information to stakeholders, regulators and consumers. Moreover, bookkeeping enables reporting and assessment of performance, providing clear visibility to see how well you are performing. Bookkeeping’s Usefulness for Managers Through its scope of transparency and visibility, bookkeeping figures produce as well as limit subjectivity. Be it on an individual level or from a managerial perspective,… Read More

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What’s new in the world of QuickBooks Online?

Quickbooks Online is at the forefront of modern technology thanks to its innovative cloud bookkeeping software solutions. Did you know that Quickbooks Online can run on your desktop, tablet and mobile devices? Save time running your business and achieve that work/life balance you deserve Thanks to new updates to the Quickbooks Online app, you can see the same information on your tablet or smartphone as you do on your computer. This means you can do all your invoicing and quotation all from your mobile device.  Why download the app? It is free and available on both Apple and Android devices The interface is similar to the desktop version, ensuring no… 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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Want to strike gold too?

This week’s blog is by Dennis Griffiths from G&C Bookkeeping. We couldn’t resist sharing it. [themify_quote] In more ways than one I stuck gold when I met Lauretta at the ICB Seminar in early June. I have been using QBO for a while now and although I managed to process small clients very successfully. It was not until I acquired a large client – a group of 3 Companies, numerous trading outlets within each company, POS  integrations, foreign currency, job and class reporting as well as complex retail staff wages………….. that I really had to come to terms very quickly with QBO. I approached Lauretta for personal training. With Lauretta’s… Read More

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EOFY – Seriously Easy now that I’m using QuickBooks Online!

Lauretta Finis is an Intuit TWN member and is regularly featured on Intuit Australia’s QuickBooks Online blog. The below article was published to Intuit Australia’s ProAdvisor network. EOFY Solution by QuickBooks Online Pre QuickBooks Online we had our desktop-based accounting software packages, which required obtaining a copy of the client file. It really wasn’t fun transferring back and forward, either by way of backing up the clients file on a CD to work from the office, using drop-box transfers, USB stick and then most of the time we had a deadline to get the file back to the client which placed restrictions on their workload and more stress load on… 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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