Paul-Bookkeeping Help!

MYOB Certified Consultant. QuickBooks Professional Partner. Training one-on-one, software sales, administration, bookkeeping, Self Managed Super, free support

[Paul-Bookkeeping Help! @accountkeeping]

MASTERCLASS Investment – Earnings & what we can learn.
Earnings are profits after tax, or it's other names are: return, net income, bottom line and how much is made.
https://t.co/JdoPeTq5ZS

[Paul-Bookkeeping Help! @accountkeeping]

Often business clients ask – why there is a profit in their business, but there is NO cash in the bank – what they often don’t realise is Profit does not mean Cash Flow!
If you have ALL CASH sales, profit will usually correlate closely with - more - https://t.co/yZLiKmQjP6

[Paul-Bookkeeping Help! @accountkeeping]

One of our many responsibilities SMSF trustees have annually, is valuing your fund’s assets at market value.
The market value of an asset is the amount that -

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[Paul-Bookkeeping Help! @accountkeeping]

Maintaining organised accounting is crucial for running a successful business. So to avoid such issues, it is essential to follow some simple steps to keep your accounting in order -

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[Paul-Bookkeeping Help! @accountkeeping]

Help with SMSF Administration

David and Kate already had set up their Self-Managed Super Fund (SMSF). Over time though, the administration tasks and collecting documents...

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[Paul-Bookkeeping Help! @accountkeeping]

Business Tips – Don’t give Free advice – Note these warning signs https://t.co/jmomIukR52

[Paul-Bookkeeping Help! @accountkeeping]

Recent legal advice is that SMSF trustees should exercise caution if considering signing a trust deed electronically, to avoid the risk of state-based litigation.
DBA Lawyers special counsel Bryce Figot warned against the -

https://t.co/bbkHYclH45

[Paul-Bookkeeping Help! @accountkeeping]

Case Study – Let down by accountant and then a bookkeeper – They needed their Xero books up to date and accurate!

Her disappointment was clear when she told me how let down she felt of the promises by an accountant to have the books and year-end tax...

https://t.co/LLxmfC8aNX

[Paul-Bookkeeping Help! @accountkeeping]

SMSF trustees need to be aware with borrowing and property restoration or renovation, improvements or repairs – to ensure they don’t breach the strict regulations ....
https://t.co/GCiISDpFKG

[Paul-Bookkeeping Help! @accountkeeping]

Nominating beneficiaries for your Superannuation fund or SMSF is essential for ensuring that your death benefits go to the individuals you wish to receive them.
How to nominate - children - parents - adults - partners - special conditions apply..
Learn - https://t.co/4mV1BiPrZx

[Paul-Bookkeeping Help! @accountkeeping]

By analysing your P&L statement regularly, you use it to determine your business’s profitability, identify areas where you need to cut costs, and make informed decisions about future investments.
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[Paul-Bookkeeping Help! @accountkeeping]

When a member of a self-managed super fund (SMSF) passes away, the SMSF typically distributes a death benefit to a dependent or another beneficiary of the deceased.
It is important for this -
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[Paul-Bookkeeping Help! @accountkeeping]

As busines owners, we find you have several roles to juggle including production or service, marketing, operations, sales, dispatch, invoicing, and bookkeeping of the accounts. Heres are tips for bookkeeping -
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[Paul-Bookkeeping Help! @accountkeeping]

One consideration of when to retire is how will you fund it – how much is required to live on?
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[Paul-Bookkeeping Help! @accountkeeping]

Cashflow Tips - Managing cash flow in a small business – plus tips for cashflow management techniques https://t.co/BJbSCytPwH

[Paul-Bookkeeping Help! @accountkeeping]

Having finally sold the business, James and Mary were ready for retirement preparation
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[Paul-Bookkeeping Help! @accountkeeping]

Growth Trap 4 -
Growth solves Cashflow problems – The misconception that growth automatically resolves cash flow issues is unfounded. It is essential to meticulously measure and manage cash flow.
More tips -
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[Paul-Bookkeeping Help! @accountkeeping]

Company Financial reports or statements are crucial for tracking the financial health of a business. They are also important in setting goals, making sound business decisions and obtaining finance.

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[Paul-Bookkeeping Help! @accountkeeping]

There are business record keeping requirements of the ATO (Australian Tax Office) which are also part of good business management. Here are the key instructions - read more -
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[Paul-Bookkeeping Help! @accountkeeping]

Masterclass SMSF – Rollins to SMSF – A Rollin is when you transfer (rollover) all or part of your super to another registered super fund, such as your SMSF.
You can accept an SMSF Rollover from your commercial super funds (or other SMSF), but it is...
https://t.co/qEC49AnuvY