Sum Total Bookkeeping

Behind on your bookkeeping or not sure where to start?

We can help clean up your bookkeeping and get your books accurate and up to date.

Book a call using the link in our profile or comment “books” below to learn more about our cleanup services!

September is a perfect time to get your books organised before the next quarter.

Here’s what to check off your bookkeeping list this month.

Swipe to learn more!

Falling behind? Let’s get those books off your to do list.

Book a call using the link in our profile or comment “books” below to learn more about our services.

Just because your business paid for it doesn’t automatically make it tax deductible.

Expenses need the required connection to earning business income.

Private portions generally can’t be claimed.

Some expenses have special tax treatment or deduction rules.

Keep good records and check with your tax adviser when you’re unsure.

Need help keeping your business expenses organised and tax ready?

Book a call using the link in our profile or comment "tax" below to learn more about our services.

As your business grows, managing the numbers becomes more than just keeping your books up to date.

A fractional CFO can help you:

- Forecast revenue and cash flow

- Improve profitability

- Plan for hiring and growth

- Set realistic budgets and financial goals

- Understand what your numbers are telling you

- Make bigger financial decisions with more confidence

But good financial strategy starts with accurate numbers.

Let’s get your books organised so you have the financial information you need to plan your next move.

Book a call using the link in our profile or comment “books” below to learn more about our services.

Spring is a great time to get out, explore and support the small businesses in your community.

Grab your coffee from a local café, shop at a local store, try a new restaurant or book with a local service provider.

A small purchase can make a big difference to a small business.

Tag your favourite local business below and give them a shoutout!

Q1 is almost wrapped up, so September is a great time to check your numbers and see how your business is tracking before Q2 begins.

Before October, take a close look at:

- Profit & Loss: Are you actually profitable so far this year?

- Balance Sheet: Can your current assets cover your upcoming short term liabilities?

- Cash Flow Statement: Where is your cash coming from and where is it going?

- Accounts Receivable Aging: Who still owes you money and which invoices are overdue?

Use your Q1 numbers to spot what needs attention and make smarter financial decisions heading into Q2.

Not confident your reports are accurate? Let’s get your books organised first!

Book a call using the link in our profile or comment “books” below to learn more about our services.

Businesses should reconcile accounts at least once per month.

Behind on your monthly bookkeeping?

Let’s get those books off your to do list.

Book a call using the link in our profile or comment “books” below to learn more about our services.

You’ve worked hard to keep your books organised.

Make sure that information is protected too.

Follow our page for more practical bookkeeping and money tips!

That extra 10% sitting in your bank account isn’t extra income.

GST collected on your sales is generally money you’re collecting for the ATO.

GST paid on eligible business purchases may reduce the amount you owe.

The problem?

If you spend the GST you’ve collected, you could be short on cash when your BAS payment is due.

Set the GST aside as you collect it so the money is there when you need it.

Need help with tax planning or keeping your books up to date?

Book a call using the link in our profile or comment "tax" below to learn more about our services.

Break even is the point where your revenue covers your business costs. You’re not losing money, but you’re not making a profit yet either.

Knowing your break even point can help you:

- Set realistic revenue goals
- Price your services more confidently
- Understand how much you need to sell
- Plan for profit, not just revenue

Not sure what your numbers are telling you?

Let’s get your books organised so you can clearly see where your business stands.

Book a call using the link in our profile or comment “books” below to learn more about our services.