In the present economic climate this concept does seem almost absurd. It’s easy for the experts to tell you that your business should have anywhere from six to nine months worth of income safely stored away in the bank.

That means that a business grossing $25,000 per month, the mere thought of saving over $150,000 in a savings account will either have you collapsing from fits of laughter or from the paralyzing panic that has just set in.

For many Robina businesses that are struggling to meet the payroll each month, this nice little theory seems absurd. So how is a small business owner to even begin a prudent savings program for long-term success?

How To Start A Savings Program
The first step that your business can take is by reading this article. If you’re not aware of a problem in your financial budget, then it doesn’t matter how good your bookkeeping or planning is, you’ll not be looking to fix it.

The principle of saving is the same for your household budget too. Building savings allows you to plan for future growth in your business and have ready the investment capital necessary to launch those plans. Having a source of back-up income can often carry a business through a rough time.

As we’ve seen for many struggling businesses in and around Robina and Varsity Lakes , when market fluctuations, such as the dramatic increase in fuel, power and water prices, start to affect your business, you may need to dip into your savings to keep operations running smoothly until the difficulties pass.

There’s many Gold Coast businesses that rely on tourism, an industry that suffers from seasonal fluctuations. They are used to building cash reserves in the high hseasons to support their business during the quiter periods off-season.

Rather than be alarmed by the prospect of looking to make those sort of savings, reflect on the fact that you didn’t build your business overnight. So you cannot expect to build a savings account instantly either.

Ask your Robina bookkeeping service to review your books monthly, that way you can have a look for possible areas that you can trim expenses and reroute the savings to a separate account.

Such bookkeeping practises will also help to keep you on track with cash flow and other financial issues.

While it can be quite alarming to see your cash flowing outward with seemingly no end in sight, it’s better to see it happening and put corrective measures into place, rather than discovering your losses five or six months too late.

In other words, your supplier has just increased the invoice by 10% – so do you go back and question the invoice amount and request that they issue the invoice without the GST component?

Whether you choose that course of action or not, your supplier must be registered for GST before you can claim a GST credit on a purchase. Ask the supplier whether they are registered for the GST or ring the Australian Tax Office for more details.

For small business owners in and around Robina, Varsity Lakes, Reedy Creek and Mudgeeraba , contact our Robina Bookkeepers and bookkeeping service for help with your bookkeeping.

It can be confusing for people who are just starting their small business in and around Robina, Varsity Lakes, Reedy Creek and Mudgeeraba.

Maybe you’ve been trading for some time, and now you find that you’re within reach of the $75,000 threshold, this means that now you’ll need to become GST registered

To claim a GST credit for purchases you must be registered for the GST and have a valid tax invoice for items over $75 (excluding GST). If you use an incorrect or incomplete tax invoice to claim a GST credit, the GST credit may not be allowed.

For purchases that cost $82.50 or less (including GST), you must keep documents such as cash register dockets, receipts or invoices to support your claims. You must also keep your tax invoices and other GST records for five years.

Has your bookkeeper ever made suggestions how you can save money on your bookkeeping?

After reading our FREE report you’ll STOP throwing money away on accounting fees

Here’s 10 things that you can apply in your business IMMEDIATELY

Claim Your Free Report here

There’s much talk on the Gold Coast about rising water rates – there’s been a flood of complaints surging through the coast like a tidal wave

What’s the problem? Why shouldn’t a brand new company suddenly increase the rates on a commodity to raise funds to build a spanking new corporate HQ in Robina?

Maybe we should try that with all our clients, and see if we’re still in business in a few months time!

It’s absolutely disgusting what Allconnex are doing – and the Gold Coast City Council are rubbing their hands together with glee – because they’re going to have another “Windfall” that they’ll have to spend (WASTE)

How easy is it to spend money when it’s not yours, and you’ve never had to sweat to earn it?

One wonders if the same people that makes these outrageous decisions even have a family budget or do they just keep spending money like it’s going out of fashion.

Here’s a letter that you can send to Allconnex, and let them know how you feel

—————————————————————
(NAME) Principal,
(ADDRESS)

( ) day ( month) 2011

Allconnex Water ABN. 80 769 308 350
PO Box 8042
Gold Coast MC 9726

RE: Notice: ( xxxxxxx )
Alleged Amount: $ (xxx.xx)

Notice to agent is notice to principal and notice to principal is notice to agent

LETTER OF REQUEST FOR FURTHER AND BETTER PARTICULARS DEMAND NOTICE

Dear Allconnex Water,

Thank you for sending me your information notice letter regarding my water usage.

Your notice seems to indicate that there is an alleged amount of (xxx.xx) payable to Allconnex Water by the principal mentioned above this letter.

Please do not construe this NOTICE as my refusal to lawfully pay any lawful alleged debt. I conditionally accept your offer for me to pay an alleged debt upon proof of claim to the validity of the same as set out in this NOTICE.

I hereby formally request by way of this DEMAND NOTICE from you the following;

1) Proof of what capacity Allconnex Water acts in regard to my water supply, who is Allconnex Water? Private Company? Government agency? Please explain.

2) The document that evidences a legal/lawful contract between (Allconnex Water) and the Principal, outlining any terms and agreement to be bonded by any financial arrangement whatsoever, howsoever between the parties;

3) Justify the charges for the use and supply of water essential to sustain life and whether these charges over-rides the rights afforded to any State or it’s residents for access to water unhindered as stipulated in the Australian Constitution;
(100 Nor abridge right to use water The Commonwealth shall not, by any law or regulation of trade or commerce, abridge the right of a State or of the residents therein to the reasonable use of the waters of rivers for conservation or irrigation.)

4) A valid Tax Invoice/Bill for the alleged amount payable in accordance with The Bills Of Exchanged Act 1909 and the ATO.

THIS ACCOUNT NOTICE IS IN DISPUTE

I ask that you provide this information within 14 days of the date of this letter. I also ask that you do not take any action in regard to the above mentioned matter until 14 days after you have sent me the information I have requested.

Yours sincerely,

( name )
No assured value, No liability.
All Rights Reserved.
———————————————————————————–
(DISCLAIMER: We are not lawyers and we cannot comment on the legalities of this pro-forma letter. You should seek professional legal advice – We will not be held responsible for any consequences of actions taken as a result of this publication)

Using the experience of our professional bookkeepers, we’re able to solve almost every challenge that is thrown at us on the telephone.

In some cases it’s beneficial to make an on-site visit to ascertain the full extent of the challenges that you may be having with the bookkeeping for your Robina business

Often the problems arise through inaccurate or incorrect keying with the MYOB, Quickbooks or other accounting software

Human errors in data entry can cause business owners unnecessary grief, and often require intense detective work by our Robina bookkeeping team. Contact us for details

With good record keeping and upto date bookkeeping it’s so much easier to accurately assess the financial progress of your Robina business

Here’s three simple resolutions that you can make and KEEP for your business in 2011:

Get Organised And Keep Organised
A good place to start is by tidying up your desk
Having a clear desk creates a more relaxed environment,so you can begin to have clearer thoughts and ideas.

Many Robina business owners have a cluttered desk because you don’t have a filing system in place – we can help you with that

Good Record Keeping
Keeping your paperwork upto date with regular bookkeeping has many advantages in running a healthy business.

There’s also legal obligations in Australia to keep your business records upto date and in order – they need to then be archived for five years.

You’ll find there’s penalties for not maintaining the required records and for not keeping them for five years. Good record keeping will help you avoid these penalties.

Cash Flow Is the Life Blood!!
Tracking all monies coming in to your business and monies flowing out of your business is the primary reason for having an efficient bookkeeping system.

Cash flow in your business is like blood in your body – Just as a blockage in your arteries can cause a heart attack, so too will your business can die if the cashflow dries up.

Start TODAY with a simple four-step Cash Flow Budget. For help contact our Robina Bookkeeping service TODAY

Robina Town Centre was like a ghost town this morning – it seems no one was venturing out as the Melbourne Cup either slows down, or closes some Robina businesses

“It should be a national public holiday” said one employee, who was in a two-dollar shop buying some party items for the office luncheon

That’s right, today is the first Tuesday of November, and at 3.00 pm AEST, it seems that Australians everywhere stop for one of the world’s most famous horse races – the Melbourne Cup.

Even in the bank, the TV was tuned to the sports channell, four hours early (just in case the staff missed the beginning of the race)

Melbourne Cup day, even in Robina, at the haert of Australia’s Gold Coast, people ruch down to the local TAB and have a flutter

It seems that most years the only real winners from this horse race are the Government, rubbing their hands together with glee from all the extra tax they’ll receive today – and the Bookmakers – as there’s always short odds

Who are the real losers? Small business owners that feel pressured to “jpoin in the spirit of the race” and hold an office party

Anyone got a calculator handy? How many man hours are lost over this horse race that lasts about three and a half minutes?

During the Second World War, 1942–44 – The Melbourne Cup was run on Saturdays – the government was obviously more sensible in those days and understood about productivity and the importance of small businesses

We’ll look after all your bookkeeping needs – whether you use MYOB or Quickbooks, contact our Robina Bookkeeping services

Do you think your business can’t afford to engage freelance professional bookkeepers?

You’re probably thinking that your business can’t afford to engage freelance professional bookkeepers like our Robina bookkeeping service. That’s the sort of thinking we had the other day when we had some problems with our water supply

“Oh, a plumber will charge too much, we can do it ourselves”. So about three hours later, we were no where closer to fixing the problem – it was a situation we’d not encountered before. So now we are three hours behind schedule and nowhere closer to fixing the problem

So we call out one of our clients who’s a plumber – and the problem is fixed in about three minutes.

Why could the plumber fix the problem so quickly?

• Because he does this sort of work every day.
• He’s got the correct tools to do the job
• He’s come across this problem many times before
• He’s got years of experience

Why the plumber uses our Robina Bookkeeping Service:

• Because we do bookkeeping everyday for different Robina small busineses
• We’ve got the correct tools to do your bookwork
• We’ve come across all sorts of bookkeeping issues and problems in the past
• We’ve got many years of experience and can see efficient and speedy ways to get ontop of your bookwork

We were struggling with the plumbing because we thought we could save a few bucks. We lost time that we can never buy back, we got stressed out over a simple job, and in the end it cost us more than if we’d left it to a professional in the first instance

Smart Robina business operators understand that whilst they may try to do the bookkeeping themselves, they’ve not got as much experience as we do, and they don’t have time to “give it a go” get it wrong, and still have to pay for a professional bookkeeper to come in and pick up the mess.

We save our Robina bookkeeping clients TIME and MONEY so that they can focus on the parts of their business that they do best.

If that was the case, then why would accountants use Robina bookkeeping services? Accountants realise that their time is better spent in using their skills, so they can continue building their business.

For some small business owners who are continually struggling to do their own bookkeeping, it’s as crazy as them trying to do their own dentistry.

You’ve been looking after your teeth all your life, so therefore it seems reasonable that you can do your own dental care.

Does that seem a crazy notion that you wouldn’t use a professional to be your dentist? So why does it seem so crazy that you should outsource your bookkeeping to a professional mobile bookkeeping service such as ours in the Robina area?

Our team of Robina bookeepers are doing bookeeping everyday of the week, using various accounting software packages such as MYOB and Quickbooks. We’ve come across all sorts of crazy bookwork and sets of accounts from all variety of Robina business owners.

We’d go so far as to say that we’ve not come across a small business in the Robina area whose set of books we haven’t been able to fix up, straighten out and balance to the last dollar and cent.

Stop being stressed out right now, and contact us so we can get your books on the right track