Improve your business finances today with these 3 steps

Practical business tips
Written By Zoe Scott

EPISODE 2

 

Notes

It’s my mission to help small business owners succeed by having a strong handle on their financials and numbers. Time and time again I have clients asking me how they can improve their finances and bring clarity to their accounting so I wanted to share some tips with you today.

In this episode, I’m sharing 3 steps that you can do straight away to improve your business finances. The consequences of not following these steps can cause significant struggles in the future and cause an enormous amount of wasted time and money.

These steps are so important you should be doing them from day 1 but if you haven’t - set them up today. They are simple and easy to implement and you’ll feel confident in your business and your finances.

 

About the
Author

Bec is a chartered accountant who worked at Australia’s big firms and banks for 15-years. Faced at a crossroads in her career, she backed herself, left her corporate job and launched Straight Up Bookkeeping. 3 years and 5 staff later, Straight Up Bookkeeping is one of Australia’s leading virtual bookkeeping businesses for creatives, with a mission to free business owners from financial stress so they can grow their empires.

 
 

Recent Episodes

Featured
Why every business needs a dashboard
Why every business needs a dashboard

In today's fast-paced business world, having a clear understanding of your company's performance is essential. A business dashboard is a powerful data visualisation tool that displays key performance indicators (KPIs), metrics, and other relevant information in a visual format. I think they can be so beneficial to a business, which is why we’re diving into them in today’s episode. I’ll share the benefits of having a business dashboard, the metrics to consider, and how to design one.

Read More →
ATO Payment Plans Explained
ATO Payment Plans Explained

Today I want to give you a guide to payment plans with the Australian Taxation Office (ATO). Payment plans can be a lifesaver for sole traders or business owners struggling with cashflow, so I think it’s crucial to have a good understanding of what they are, how they work, and how to set one up. I’ll also discuss the rules you’ll need to follow, and share some tips for getting out of a cycle of debt.

Read More →
A chat about entrepreneurs and their numbers with Chris Edwards
A chat about entrepreneurs and their numbers with Chris Edwards

Numbers can be scary, but they are not our enemies. As entrepreneurs numbers can be some of our strongest allies, providing us with a wealth of information to pave the wave to success.

My guest today is Chris Edwards, an entrepreneur who has founded multiple successful businesses, and we share a conversation about the importance of numbers for entrepreneurs. Chris shares valuable insights about her approach to managing finances, the importance of building a strong financial foundation, and the lessons she has learned along her journey.

Read More →
The low down on director's loans
The low down on director's loans

Today, I'm talking all about director's loans - a topic that has many business owners in a bit of confusion. This episode is geared towards business owners operating a company business structure, however if you’re a sole trader or in a general partnership, it’s important to stay on top of the ins and outs of business so that you can continue to make informed decisions.

Read More →
Zoe Scott
Previous

Bookkeeping is key to business success
Next

Welcome To Straight Up Small Business