How to use forecasts and scenario-planning
How to use forecasts and scenario-planning For centuries, accounting was all about reviewing historic information — but that only told you about the past, not what was going to happen in the future. If you’re only looking back at past periods and historic numbers, this limits the insights you can achieve for your business. With […]
COGS Tracking for Ecommerce: How to Calculate Your True Product Profit
Ask an Australian ecommerce seller what their best-selling product costs to make and land, and half of them can only give you the supplier invoice price. Which isn’t the real cost. Not even close. Freight from the supplier’s warehouse to your fulfilment location. Import duties. Customs brokerage. Prep and labelling. Inbound shipping to Amazon FBA […]
Budgeting for success: the importance of good financial management
When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look at why budgeting is such a vital […]
Get Ready for Surcharge Removal
Get ready for surcharge removal From 1 October 2026, businesses will no longer be able to apply a surcharge to debit, prepaid and credit card payments on designated eftpos, Mastercard and Visa networks. This is a significant shift, not only for consumers, but also business owners, who only have a few more months to prepare […]
How to Set Up A2X for Shopify and Xero: An Australian Seller’s Guide
Most Shopify sellers hit the same wall at some point. The store is doing decent volume, orders are flowing, payouts are hitting the bank, and the Xero file is quietly turning into a mess. Bank deposits don’t match the sales. Fees are lumped in the wrong place. GST on the BAS looks off. Reconciliation takes […]
How to fix errors in your GST treatment
If you have made an error in your gst return, ato has a formal framework for correcting them, and for most small businesses the process is straightforward. There are two categories of errors: Credit errors are ones where you reported too much GST payable, or claimed too few input tax credits — you overpaid the ATO. […]
Multi-Currency Accounting in Xero: A Guide for Australian Ecommerce Sellers
Multi-currency accounting in Xero: a guide for Australian ecommerce sellers You sell on Amazon US. Your Stripe account holds USD. Your Payoneer wallet has a bit of GBP sitting in it from a UK sale last month. Every so often, funds convert to AUD and land in your Australian bank account — sometimes at a […]
The impact of the new 12.5% US trade tariff
New 12.5% US trade tariff: what Australian exporters need to know “This imposition of higher tariffs on Australia is unjustified and we will continue to lobby the United States trade representative to remove all tariffs on Australian goods.“ — Trade Minister, Don Farrell. You will have seen in recent news that the Trump administration has […]
Tax planning helps you do more with your money
Strategic tax planning: how Australian businesses can keep more of what they earn Tax planning is a strategic approach to managing your business’s financial affairs, with the aim of legally minimising your tax liability. In other words, you plan ahead to make sure you pay the taxes you should be paying, but not a penny […]
Ten hot questions to ask yourself as a business owner
Running a busy and successful business means you often don’t have the time to step back and work ON the business. This can be a challenge if your aim is to grow and scale the company. As experienced professional business advisers, we know the value of taking the time to ask yourself some pertinent questions. […]
