Brew Accounting

  • Home
  • Resources
    • Blog
    • NewsLetter
  • Solutions
    • Individual
    • Hospitality
    • Business Accounting
    • Business Planning
    • LookOver - Second Opinion on Tax
    • LookOver - Business Health Review
  • Our Service
  • Team
  • Contact
  • Home
  • Resources
    • Blog
    • NewsLetter
  • Solutions
    • Individual
    • Hospitality
    • Business Accounting
    • Business Planning
    • LookOver - Second Opinion on Tax
    • LookOver - Business Health Review
  • Our Service
  • Team
  • Contact

Five accounting tips to give you more time to focus on your business

17/11/2021

0 Comments

 
Picture
If accounting gets in the way of your business, streamline the process! Get in contact and we can discuss how you can simplify time recording, create more accurate estimates, stay on top of cash flow and more.
Very few people love the accounting aspects of their business. Here are a few ideas to keep your clients and suppliers happy while streamlining processes for yourself.

  1. Create realistic estimates. This will help you keep clients happy and expectations in check. Have a look at past projects, add up the costs, and compare to current requirements to get an accurate picture of how much to charge.
  2. Simplify time recording. When timekeeping is a chore, it’s hard to keep up with it. There’s now very useful software that makes it simple to enter time and switch between jobs.
  3. Get reimbursed for expenses. If there are likely to be expenses on a job, let the client know at the start. Then, when you make sure you’re reimbursed for them, clients won’t mind.
  4. Stay on top of cash flow - and get access to credit. Keeping a close eye on your cash flow means you can plan for the future - even when the whims of clients can make that uncertain - and you’re much more likely to have access to lending if the bank and other creditors can see there’s money around the corner.
  5. Minimise payroll work for your ever-changing staff and freelance roster. Keeping payroll simple and integrated with your accounts means happier staff and better cashflow forecasting. Freelancers need consistency more than anyone so pay them promptly to be sure you always have access to top talent.
​
With the right technology in place, many of these tasks can be automated so you can get on with your job. We can help you build a system to manage all of the above.
Picture
​
​
​Watch the webinar replay:

​Ramp Up your Business with Xero
​
to learn more!
0 Comments



Leave a Reply.

    Archives

    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020

    Categories

    All
    Financial Awareness
    General
    Management & Strategy
    Payroll
    Sales & Marketing
    Superannuation
    Tax / Compliance


      Learn More

      Get monthly updates with
      ​the latest news and insights. 
    Subscribe
Call: 1300 273 900 today and speak with one of our friendly Accountants.
Book a Meeting
Picture
Brew Accounting is a CPA practice.
Picture
Registered Tax Agent
Picture
Chartered Tax Advisor

​copyright(c) 2021 Brew Accounting