An effective and streamlined bookkeeping system is crucial to your business’ success and growth. It’s important to recognise that what may have worked in the past doesn’t necessarily meet the challenges of a modern, fast-paced, sophisticated business world. Here are 5 key bookkeeping mistakes businesses most commonly make which can – and should – be avoided. Keeping your bookkeeping in-house...
If you’re considering outsourcing your bookkeeping, there are several benefits beyond simply saving your business time and money. When handled in-house, bookkeeping is often managed by someone without an accounting background or if they do have an accounting background they may be more junior. This can limit what you can achieve through your bookkeeping. When bookkeeping is outsourced to experts...
If you’re a business owner handling the bookkeeping in your business, the following may sound familiar. Bookkeeping isn’t your specialty but there’s no one else in the business to manage it for you. The burden of having to balance your books is taking its toll, with you constantly feeling like you’re playing catch up. You’re doing the bare minimum when...
This article is part two of our two-part series on measuring the profitability of every product or service. Check out part one here which looks at how to calculate gross and net profit and allocate overhead. In part one of this article series we looked at how to calculate your gross profit on a product or service and how to...
We are incredibly pleased to announce that we have been named finalists, once again, for the Accountants Daily Bookkeeping Firm of the Year for 2021! Keeping Company is continually striving to be the best at what we do. We were recognised for this with our win for the same award in 2020. These awards are regarded as the most prestigious in...
This article is part one of our two part series on measuring the profitability of every product or service. Stay tuned for Part 2 which looks at what happens when you need to discount products or services as well as the importance of data and reporting. How to measure the profitability of every product or service – Part 1 Do...
We are most excited and honoured to announce that Keeping Company has been shortlisted for the MyBusiness Awards 2020 being named as a finalist for B2B Services Business of the Year. Winners will be announced this Friday, 4 December in a livestream online ballroom. The MyBusiness Awards is the benchmark for excellence in Australia and the largest independent awards program...
Whilst every business is different and each will have a more specific set of criteria to measure performance and success, there are a few key things to look at in order to gain an overall view of where your business stands. This information can then be utilised to create benchmarks and goals into the future. Furthermore, will aid in identifying...
On the cusp of exponential growth, cult Sugar free foods brand Noshu needed to up their financial game to take them to the next level. Find out how Keeping Company’s sophisticated financial governance for Noshu has enabled the company to grow by an incredible 187% NOSHU CASE STUDY On the hunt for an accounting firm a little over a...