Bookkeeping: Robina Bookkeepers, Gold Coast0415 453 536 – MYOB,Quickbooks, Robina, Varsity Lakes, Reedy Creek and Mudgeeraba

Many clients that contact our Robina bookkeeping service do not realise that the bookwork can bring oxygen to your business

For many small business owners around Mudgeeraba, Robina and Varsity Lakes, the idea of outsourcing your bookkeeping to a professional Robina bookkeeping service seems like a luxury they cannot afford.

A good bookkeeping system is an investment that you can’t afford to be without

You may have money coming in and out of your business, and feel that you’ve a healthy heartbeat in your business. But if the blood is lacking oxygen, you quickly feel tired and lethargic.

A bookkeeping system is a way of checking the health of your business, keeping abreast of the cashflow.

A blockage in your blood stream can bring heart failure. A blockage in your cashflow can have disastrous results for your business
Bookkeeping is the oxygen in the blood stream of your business.

If your bookkeeping is inadequate, rushed or contains errors, then it can have a great impact on your business – just as poison in the bloodstream can affect your physical health

A healthy bookkeeping system can have a dramatacally positive effect on your business – CALL US TODAY for more information

Our Robina bookkeeping clients that report quarterly are aware the 1st quarter Business Activity Statements are due for lodgement 28 October 2010

Now school holidays in Queensland are finished, and businesses are returning to some state of normality before the Christmas period descends on us all

How to complete a BAS Statement
If you’ve never completed a Business Activity Statement for your Robina business, it can seem somewhat daunting. That’s whay so many business owners around Mudgeraba, Tallai, Robina and Varsity Lakes contact our Robina Bookkeeping Service

Whether you use MYOB or Quickbooks software, we can help by running various reports and checkinbg proceedures to ensure that your allocations are correct and that your figures balance

Rather than leaving it to the last minute, please contact us today, and we’ll get your bookkeeping upto date and in order

Our Robina mobile bookkeeping service starts planning for the Christmas period in September.

In a certain department store in Robina Town Centre, even before we were into September, they were setting up their Christmas Decorations ready for sale.

Yes, in one way, many Robina businesses would like to be celebrating Christmas already – even if it’s just a valid reason to spend some quality time with loved ones.

There’s still around fifteen weeks to go until Christmas

For clients that utilise our Robina mobile bookeeping services, we recommend planning ahead for Christmas, because it will be here before you’re ready for it.

On the Gold Coast, Christmas tends to lead to an increase in population, and for some the festivities start in early December and continue through until the end of January

Whereas Christmas should be a time of goodwill, as we pause to consider the true meaning of this pivital event in the Christian calender, the management at Robina Town Centre are so afraid of offending the minorities that they actually offend many Christians by failing to recognise or acknowledge that Jesus is the reason for the season

After all, if Christians did not focus on the celebration, and the tradition of giving gifts, many retailers would not benefit from the increased level of shopping transactions that occur around the Christmas season

Without having your bookkeeping in order, and your cashflow forecasts upto date, Christmas can be quite stressful with the extra budren of spending that is imposed on some families.

Rather than struggle with getting your finances in order, take the first step and engage a professional Robina mobile bookkeeping service such as ours to help get your bookkeeping upto date and be able to make informed decisions about your finances over the next few weeks and months

How do you know if you’re eligible for a tax refund in Robina?

Maybe you’re having trouble getting all the paperwork finalised for your income tax returns for year ending 30 June 2010

We saw a temporary kiosk set up in Robina Town Centre to handle tax returns where there’s straight forward bookkeeping for employees

Book keeping can get tricky if your self-employed and have a number of expenses that you think can be claimed to offset your taxable income

Contacting a professional bookkeeping service can be of great benefit, though some people may regrd that as an unnecessary expense.

Consider the situation of saving a few dollars on your bookkeeping by trying to do it yourself, and paying the ATO more than you really need to.

Clients utilise our Robina mobile freelance bookeeping service because they understand the benefits of having all their paperwork in order and the potential savings when declaring their taxable income after we’ve helped them claime all their legitimate business expenses

We’re not registered tax agents and cannot advise in matters of taxation, but we can potentially save you a heap of headaches and show you ways to reduce your taxable income so that your tax agent is more informed when lodging your income tax returns

Bookkeeping is a drudgery for many business owners in Robina, but do you realise the importance of bookkeeping in YOUR Robina business?

Recently the e-e-e-e-asy electrical store Clive peters collapsed following a $20million accounting scandal, but the demise of the company was of little surprise to many in the retail sector.

There’s some lessons that evry small business owner in Robina, Mudgeeraba, or Varsity Lakes, can learn from this episode:

Discounting
Many business owners believe that discounting their products or services is a healthy business strategy. However, whilst you may be able to survive for a short time, eventually your margins and profits become so small. Then all it takes is for a competitor to run a short campaign undercutting you and taking your clients way

How come some of the airlines manage to price cut? Well, they don’t offer everybody the cheap seats, it’s a first-come first served basis. You can be sitting beside someone who’s paid three or four times, or even ten times as much for the same flight!

Find Your Niche
Crazy as it sounds, the tighter your niche, the stronger your position, unless you’re a huge organization. Have a look at restaurants. They could most likely cook any dish that you asked them, so why do some only serve Italian, others Greek, Indian, etc? They focus on their niche and get very good at it

Debt – The Killer
Rapid expansion based on debt is very dangerous. Clive Peeters expanded their empire when times were good. Cash was freely available, and they gambled that their sales were going to continue to grow. Even when the global financial crisis hit, and our then Prime Minister, Kevin Rudd, gave everybody a handout to go and buy widescreen TVs, the writing was on the wall

Bookkeeping – watching your cashflow
How many businesses would not notice a few million dollars missing from their accounts? You’ll read about bookkeepers and accountants that manage to siphon off funds from right under the noses of business owners, and that’s just one why it’s important to have a handle on your finances.

The numbers are the lifeblood of your business. Without an efficient bookkeeping system in place, how can you know where your business stands? How can you make informed decisions about buying new equipment, running marketing campaigns, employing more staff and the like?

Your bookkeeper is a critical cog in the wheel of your small business, so you should ensure that they are well suited for the position, competent, and experienced to give you the necessary information regarding the financial status of your business. Contact us RIGHT NOW for more information

Whether you use MYOB or Quickbooks accounting software, you may need to get an update for the new financial year 2010/11

There’s been some changes to the packaging of the MYOB products as they continue to fine tune the software. As you’ll realise they are in the business of selling and promoting their software rather than in the bookkeeping business.

Quickbooks have also brought some upgrades and changes to improve their accounting software

For more details of the new software versions, and for ordering products visit our product pages

Have you heard the bookkeeping term “Bank reconciliation“? If you’re wondering what it is, this may help you get a better understanding.

A bank reconciliation is the process of comparing and matching figures from the accounting records against those shown on a bank statement. The result is that any transactions in the accounting records not found on the bank statement are said to be outstanding.

A bank reconciliation allows companies or individuals to compare their account records to the bank’s records of their account balance in order to uncover any possible discrepancies.

Such discrepancies could include:

• cheques recorded as a lesser amount than what was presented to the bank
• money received but not lodged
• payments taken from the bank account without the business’s knowledge(eg bank fees)

A bank reconciliation done regularly can reduce the number of errors in an accounts system and make it easier to find missing purchases and sales invoices.

Here’s a simple formula that may help you :

Balance per Bank Records + Deposits in Transit – Outstanding Cheques = Correct cash balance

Given the choice, do you prefer healthy books or a healthy body? Either way, it’s going to take time out of your schedule. Zumba!

There is a difference in how you achieve these goals – If you want a healthy body, then the only person that can achieve that goal is YOU. Regardless of all the wonder drugs or quick fixes, if you don’t take the first step then you can’t expect anything to change

The great thing about wanting a set of healthy books, is that you don’t need to do anything else after taking that first step.

Outsource your bookkeeping to a mobile bookeeping service such as ours, and you’ll have a professional bookkeeper that can take care of your bookwork for you.

Unless you’ve been hiding in a closet, you’ll have notied the latest FAD that’s hit the Gold Coast – and that’s Zumba dancing – everyone’s talikng about this “quickfix” fun way of achieving a healthy body

Have a look at the video below, shot in Robina Town Centre

For many Robina home-based businesses, maximising your tax deductions is a major consideration

That’s why so many of our Robina bookkeeping clients ask us about how we can help them maximise their tax deductions, particularly if they operate a home-based business.

Short answer is that since we are not registered tax agents we cannot give advice in such matters, so you should check with your accountant or tax agent

Depending on how your business is structured, or whether you rent, own, or are paying off your home etc, can all affect what deductions you can claim against your taxable income

Many of our Robina bookkeeping clients ask how accountants offer their services, what they will ad not do, what an accountant expects and what other help they can give apart from just keeping your books and accounts.

People rarely see eye to eye about service provision and what is realistic, and accountants are no exception. People often think an accountant will put in all the work necessary to save them significant amounts of money for just a few dollars. Or they may think their accountant will allow them to evade paying tax.

It’s not possible to meet these expectations! Chartered Accountants are professionals, who have a duty to maintain professional standards, so they certainly will not ‘encourage’ tax evasion and will actively tell you that you are breaking the law if you do evade due taxes.An accountant will also charge at a professional services rate, which isn’t going to be the smallest of fees.

You should expect a good service to include maximising your money so you avoid overpaying tax, and take advantage of any possible savings.

Chartered Accountants abide by professional ethics and codes of conduct, service agreements, so you can expect your accountant to return phone calls, be reasonably available and give you advice about the state of your company or your books, how things are going and perhaps offer some directional advice about ensuring that you maximise profits for the year ahead.

Almost all accountants will argue that a good accountant will save you money. They will ensure that you do not have to pay too much tax and you do not have to lose out on any tax breaks that may be available. They will also help give at least some advice about money that should be invested or so on.

Accountants do not have a crystal ball, so they are not able to tell you what is a ‘safe place’ to put your money and what is not, although they may have a fair idea, the recent recession ahs shown that suddenly investments can become precarious, without anyone thinking that this was indeed the case.