Real Business Stories: Bookkeeping Case Study

EzyAccounts bookkeepers work with local business owners from a huge range of industries. While the details differ according to each business’s unique situation and needs, the services we provide are always designed to achieve two key outcomes: improving your efficiency and increasing your profits. Below is a real world bookkeeping story from one of [...]

Let’s Talk Budgeting

A budget for your business is a crucial part of EzyAccounts’ business advice sector! Did you know that budgeting can actually help you increase your business’s profitability? Here’s why… What is a Budget? A budget is an estimate or prediction of your business’s income for a set period of time (week, month, quarter, etc.), and [...]

Can Your Accountant Fulfil Your Needs?

As a small or medium business owner, you’re bound to bump into accountants during your business journey. But are you aware of the different types of accounting these accountants practice? And do you know which forms of accounting your business needs? The guide below should help you to answer both these questions. Forensic or [...]

The One Factor Behind 80% Of Business Failures

According to the Victorian State Government, 80% of business failures are caused by problems with cash flow. It’s a sobering statistic. With cash flow problems at the heart of so many failed businesses, it’s clear that understanding cash flow and avoiding problems with it are imperative for business success. So, how do you ensure [...]

Christmas Party Tax Deductions

It’s said that two things are certain in life: death and taxes. But we’re pretty sure it’s three things. And the third one is Christmas. The wrapping paper and wreaths have been in the shops for weeks. Every version of “Jingle Bells” known to man is receiving air time. And the kids are writing [...]

Contractors vs Employees – Bookkeeping Obligations

As an employer, your obligations to your employees are vastly different to your obligations to any contractors you engage.This means that the type of bookkeeping and bookkeeping tasks required for employees and contractors are also very different.However, thanks to Australia’s complicated HR laws, just because someone says they’re a contractor doesn’t mean that they actually [...]

Boost Bookkeeping Efficiency & Profitability in 2015

The Christmas and New Year break is the perfect time to relax and recharge. It’s also a great time to review your business’s systems, processes, and procedures so you can hit the ground running in 2015. By streamlining your processes, you can cut down on the time you or your team members spend on [...]

Benchmarking Your Business

One of the biggest challenges in business is knowing how your business is really performing – especially in relation to your competitors. Are you doing well? Are you doing poorly? How do you compare to others in your industry? As a business owner, it’s normal to ask yourself these questions. What you may also [...]

Ratios & Your Business’s Profitability – Explained

Did you know that one way you can improve your business’s profitability is by using profitability ratios and target ratios? Here’s how it works. Profitability Ratios Profitability ratios allow you to analyse your business’s performance by comparing your profit to sales, total assets, or net worth. Commonly used profitability ratios you are probably familiar [...]

“Affordable” Business Insurance

If you’re a small business owner, you’ll be familiar with the fact that the cost of insurance premiums can be a financial burden on your business. But the question of affordability runs both ways. Not only should you ask: “Can I afford business insurance?” It’s also important to ask yourself: “Can I afford to [...]