Finances
Peter Chapman, Chapman’s Accountancy Services
Meet Peter Chapman, proprietor of Chapman Accountancy Services and one of the experts on Made by Many Minds. He’s an Australian Chartered Accountant with more than 30 years’ accounting, tax law and retail industry experience. And he can help you with all your accounting needs! Peter gained a Bachelor of Commerce before entering the workplace…
Find a bookkeeper
What is a bookkeeper? A bookkeeper records and maintains a business’s financial transactions. They keep track of things such as purchases, expenses, sales revenue, invoices, and payments. They will record financial data into general ledgers, and produce balance sheets and income statements. When do you need a bookkeeper? Using a bookkeeping can help free up…
Work out your business start-up costs
To get your business off to a good start, it’s important to understand the major costs involved, and factor in all your start-up costs. Start-up costs are one-off expenses required to set up your business and get it running. Different businesses will have different starting costs. These may include materials and equipment, logo design or…
How to write an invoice
If you have a business, it’s important that you get paid quickly. Creating clear, accurate invoices that are sent out on time can help. Tax invoices also need to meet the requirements of the Australian Tax Office. Here are some tips on how to write a good invoice! What do I include on an invoice?…
Grow your business: review your finances
Are you keeping an eye on your business’s finances? Many businesses fail to grow because of poor financial management. You should check your finances regularly. And remember to track your original financial projections against your actual business results. Check your financial reports and projections Having up-to-date financial reports is vital. You might do your bookkeeping…
Business Victoria Financial Statements Template
Business Victoria have created a very useful Financial Statements Template. Use it to learn more about the basics of bookkeeping so you can do your own finances, or understand them better. This template can help you prepare a profit and loss statement (P&L), cash flow statement and balance sheet. Find the template on the Business…