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Avoid These 5 Costly Accounting Mistakes

A recent survey of over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the …

Top 3 reasons start-ups fail and how to avoid them

The start of a business is an exciting time. You’ve got a great idea for a business and are enthusiastic to get started. It’s important to plan ahead to give …

Business Update – 10 November 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. $44 Million Recovery Package for Melbourne The Melbourne Money …

5 Common Bookkeeping Pitfalls — and How to Avoid Them

Although most entrepreneurs recognize the importance of careful financial management, few want to spend their time dealing with numbers. Unfortunately, not keeping a close eye on your income and expenses …

Being Authentically You!

We have all most likely done it from time to time. It could have been whilst dating, attending a job interview or business conference, or meeting your partner’s family for …

Business Update – 3 November 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Borders are reopening! After closing its international borders for …

How Accounting Software Can Increase Profits

Most small business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses and view real time financial reports to manage cash …

Are You Overworked?

Working is as synonymous with adulthood as play is with childhood. Most people work from 47 to 55 years of their lives before retirement. So, it is safe to say …

Business Update – 27 October 2021

Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Australia-Singapore Travel Lane Begins on 8 November Australia and …

Is your Company in Danger? ASIC Warning!

ASIC has issued a serious warning about an issue that many company directors may have not considered. Particularly, those companies who have only a sole director. Here’s what the corporate …

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current …

Our new website is live!

We’re so proud to announce our new website is live! We’re really excited to launch our new website which you can check out here: https://sumzplus.com.au/ We hope you like the …

Tips to Keep Your Business Finances in Order

If you’re like most small business owners, you spend the majority of your time managing daily operations, keeping customers happy, and looking for new ways to grow. Spreadsheets, cash flow …

Strengthening your balance sheet

Your balance sheet (now more correctly called a Statement of Financial Position) reveals a great deal about your business, including the total value of your assets – the things you …