Engaging a Virtual CFO
Outsourcing is a common way to save overhead, and ‘remote work’ is increasingly accepted in business culture, but what should you look for in an outsourced CFO?
Get Set for Significant Changes from January 2024
From 1 January 2024, several changes have been implemented, bringing a mix of positive and negative impacts for various segments of the population.
GST and using or receiving digital currency
Are you using digital currency to pay for goods and services or accepting it as payment in your GST-registered business? If so, it’s just like using money and the normal GST rules apply.
Qld businesses save with new energy efficiency rebates
Rebates available for energy-efficient appliances and equipment to help small-to-medium Qld businesses reduce electricity consumption and costs.
Moving to new Xero Reports
Xero will be transitioning some favourite ‘starred’ reports from the old version to the new version. The new versions offer more flexibility and customisation, quicker access to insights and deeper analysis of business performance.
3 ways eInvoicing helps small business
Australia’s innovative small businesses are increasingly recognising the value of eInvoicing – the digital alternative to paper. Read why.
Australian financial year calendar FY22
A lot of things need to happen between the end of financial year (EOFY) and tax time. Here are the dates and deadlines to keep in mind when getting tax ready.
Complete tasks for your tax period
Use your time wisely to help give you the space to start analysing how your business is tracking and really focus on the growth opportunities available.
The basics of EOFY
The end of the financial year or EOFY, is a time where your business has to submit a tax return based on your income and expenses. We break down some common terminology
EOFY resources for small business
Get help with tidying up the books and wrapping up the accounts this end of financial year (EOFY) with these resources for your small business.
Fuel tax credit latest rates
The ATO's fuel tax credit calculator includes the latest rates and is simple, quick and easy to use. You can use it to work out the fuel tax credit amount to report on your business activity statement (BAS).
E-invoicing an easier way to invoice
41 Comments
/
E-invoicing is a way to exchange invoices with other businesses that removes the hard parts and makes the whole process faster, more secure and more efficient.
Director identification numbers
Director identification numbers (director ID) are a new requirement for all company directors, designed to help combat illegal activity by making it easier to trace directors’ relationships with companies. Company directors have been given 12 months to apply.
Accounting 101: Cost Of Goods Sold (COGS)
Cost Of Goods Sold (COGS) refers to the cost of producing an item or service sold by a business. Here's why knowing your COGS is important.
4 Start Up Tips for Budding Entrepreneurs
Starting your own business can feel like you’re in a pressure cooker with newfound worry about when the next dollar will land in your bank account. However there are some solid steps that owners of start-ups can take from Day 1 to keep finances in check and make what should be an exciting process less daunting.
Your Financial Literacy
Accurate financial reporting is key to understanding the true position of your business in order to make informed decisions.
Digital bookkeeping for business
At Notch Above Bookkeeping, our team is passionate and committed to working with business owners to get their bookkeeping on track — via the cloud. Whilst we're adjusting to a new world post-COVID, there's every reason to embrace a more streamlined, efficient approach to business bookkeeping.
2021 Australian Accounting Awards
Notch Above Bookkeeping has been named a finalist in the 2021 Australian Accounting Awards for Bookkeeping Firm of the Year!
Top tips to get your books in shape for year-end
The financial year-end can be a stressful time for small businesses that don’t have their bookkeeping in order. But it doesn’t have to be.
Notch Above Medical and Healthcare bookkeeping
Transform your clinic’s bookkeeping and free up your time with bookkeeping solutions for medical and healthcare practices by Notch Above, powered by Xero Cloud Bookkeeping.
Cost control measures
Effective cost control measures are crucial to cash flow for running a sustainable business at any time – but even more so during periods of economic uncertainty.
Making the move online
Having an online presence has gone from a nice-to-have to a must-have. If ever we doubted the power of the internet, the COVID19 pandemic has confirmed it once and for all. Read why.
Property maintenance business bookkeeping case study
Bookkeeping used to terrify handyman Keith but now he can focus on his customers because Notch Above makes sure that things are correct and we are only a call or email away.
Online bookkeeping change saves time… and trees
Apart from saving reams of paper, Cris has also experienced the time saving of not having to block his time out each quarter to prepare the paperwork for us. Read how.
Insurance broker’s bookkeeping now a breeze
Insurance broker now has peace of mind knowing that Notch Above’s bookkeeping processes produce accurate monthly data which is available to her whenever she needs it. It not only helps her in her business decision-making but it also makes for easy end-of-financial-year processing.
Notch Above revealed as Accounting Awards Finalist
Notch Above Bookkeeping has been named as a finalist in the Australian Accounting Awards for Bookkeeping Firm of the Year 2020.
Has COVID-19 changed bookkeeping as we know it?
Contact Notch Above Bookkeeping during COVID-19 restrictions to get your bookkeeping system up to date and working more efficiently whilst your employees are making the best of working offsite.
Support measures to assist those affected by COVID-19
The Australian Taxation Office (ATO) will implement a series of administrative measures to assist Australians experiencing financial difficulty as a result of the COVID-19 outbreak.
ReceiptBank Awards 2020
Shortlisted as a Bookkeeping firm who has actively paved the way in the industry, leading by example, working with cloud-based solutions such as general ledgers and Receipt Bank, Notch Above Bookkeeping has been selected as a ReceiptBank Awards Finalist in the Bookkeeping Firm of the Year category!
Square and Xero enhance integration, POS features
The Xero-Square integration has been enhanced for Australian users. You’ll see several new features.
Integrated quoting in Xero Projects
Now it’s easy to estimate jobs, send and track acceptance of quotes, and track costs back to budget, all within Xero Projects. This results in more accurate quotes, easier invoicing and better visibility of profit on every job.
Fuel up with BP and Xero Connect
Xero now integrates with BP Plus Fuel Card in Australia and the BP Fuelcard in New Zealand, keeping small businesses on the road without the headache of holding onto physical receipts.
Numbers should tell a story
Read why learning to use and understand the powerful reports inside Xero are critical to the overall success of your small business.
Can we help you streamline your accounts process?
Tell us what the biggest financial issue in your business is right now. Your business is worth that time.
STP reporting for small employers started 1 July
Small business clients need to be ready for STP by 30 September
Reporting…
The human cost of late payments
Late payments affect business from financial and operational…
Speed up payroll processing for small business
Is it time to switch to cloud based-online timesheets?
Cloud-technology is rapidly changing the way small business owners do business. Your business, no matter what size, can have a state-of-the-art, easy-to-use staff scheduling and time-recording system. Read how.
What makes a good cloud accounting provider?
Making the move to the cloud makes sense for your business, but it’s important to understand that not all cloud organisations have the same standards. Consider the ten factors in this guide to ensure you pick the best cloud accounting provider.
Demystifying The End of Financial Year
Financial year-end can be a stressful time for small businesses, but it doesn’t have to be. Here’s what you need to get through it, and some tips on how to minimise the drama. What is the Australian financial year? The Australian financial year (also the Australian tax year) runs from 1 July to 30 June.
Effortless Submissions with Receipt Bank for Xero
If you still have receipts stuffed in your wallet, jacket pocket,…
Help! I can’t get my Xero accounts to balance out.
Xero is a powerful cloud accounting tool that has empowered many small business owners to take charge of their own finances. It’s a blessing for both business owners starting out and established businesses who rely on drawers of files and reams of paper.
Why it’s time for small business to fall in love with remote bookkeeping
Big companies have long adopted remote working as an acceptable or even equal way of doing business. And it can work for you too. Read how.
7 Budgeting Tips to TAKE CONTROL and Regain Financial Power
Have you ever felt like you’re just not getting ahead financially, and that even when your income increases you seem to be on a treadmill of spending every cent you earn and sometimes even more? Follow these 7 Budgeting Tips to TAKE CONTROL and Regain Financial Power.
Personal Budgeting & Avoiding Future Tax Troubles
After a good long break, I’d like to start 2018 by talking about personal budgeting. Although I deal with business finances, I can tell you that your personal budget is inextricably linked to your company’s success.
5 Reasons Good Bookkeepers Are Worth Their Weight In Gold
Running a small business is a big juggling act, especially when…
Are you on track with your business goals?
As we come to the tail end of winter – hurrah! – some of…
What Are Your Super Obligations As A Business Owner?
Superannuation obligation is a tricky subject you need to tackle…
How a Bookkeeper Counteracts the 3 Common Stresses of Small Business Owners
Being a small business owner is stressful. Reports, surveys and…
5 Silly Excuses We Give For Not Going Paperless
After years of handling clients’ data, I’ve found that a…
Is your Bookkeeper Up To Industry Best Practice?
With Valentine’s Day around the corner, I’ve thought about…
Numbers Ready for your Exit Strategy
Exit Strategy 101: Do you know how valuable your business is?
When…
5 Awesome Ways a Dashboard Helps Kick Your Financial Goals
Studying financial reports or an excel spreadsheet can be a chore.…
Receipt Rage? Keep Calm and Follow These Tips
Along with flying cars and holidays on the moon, the 21st century…