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Our best bookkeeping tips and free advice to help increase the success of your business.
Everything We’ve Covered This Financial Year (And What You Can’t Afford to Forget Going Into FY27)
Well, here we are. 30 June is almost upon us, which means it's officially crunch time for small business owners across Australia. EOFY 2026 is a big one. A lot of things happened in the last 12 months that affect your books, your compliance, and your obligations going...

Why “Close Enough” Reconciliations Can Cost Your Business
For many small businesses, bookkeeping is something that just needs to get done. You jump into Xero, MYOB or your preferred platform, match a payment, hit reconcile, and move on. But, how you reconcile matters just as much as whether you reconcile. Done incorrectly,...

Payday Super Is Coming: What It Means for Your Business
From 1 July 2026, the way you pay super for your employees is changing. And let us tell you, this isn’t a minor tweak. Payday Super will fundamentally change how superannuation fits into your payroll, cashflow and compliance processes. If you currently think about...

Goal Setting for Business Owners
One of the most common things we hear from business owners around this time of year is: “I was meant to set business goals in January… but now it’s March, is it too late?” Short answer? No. Long (and more helpful) answer? From a bookkeeping and tax perspective, March...

The Definitive Guide to BAS vs IAS
Understanding your Activity Statement obligations is essential for running a compliant and financially healthy business in Australia. While most business owners have heard of BAS and IAS, many are unsure what each one actually means, when they apply, and how they...

AI in Bookkeeping: Watch out for these Automated Errors
It seems like 2025 was the year of AI! Everyone is talking about it, and for good reason. From chatbots to content generation and predictive analytics, AI is trending across nearly every industry. But here’s the thing: bookkeepers have actually been using AI-powered...

You can’t sell your business next week: A bookkeeper’s guide to getting ready
At Dollars + Sense, we often speak with business owners who say, “I’m ready to hand it over next week.” While you may feel ready to walk away from your business, the reality is you can’t realistically sell your business on a whim, especially if you want to maximise...

Don’t Get Caught Out By The ATO This Black Friday!
As Black Friday approaches, many Australian businesses are gearing up for the annual shopping event, aiming to capitalise on significant savings. However, amidst the excitement, it's crucial to ensure that your purchases align with Australian Taxation Office (ATO)...

Leave Loading 101: When It’s Necessary (and When It’s Not)
When it comes to payroll, there are plenty of little details that can catch business owners off guard, and leave loading is one of the big ones. It’s a term that pops up often in awards and contracts, but not everyone is clear on what it is, when it applies, how much...

Creating a Budget: Spreadsheet versus Xero
Creating a budget for your business is a bit like choosing your morning coffee method – do you stick with the tried-and-true or embrace the shiny new? On one hand, we have the trusty spreadsheet (old reliable Excel or Google Sheets). On the other, the new-ish kid on...
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Need bookkeeping help or advice? Just pick up the phone. We’re on call whether you’re looking for a quick fuss-free clean up, XERO accounting software set-up and training, a general helping hand, or full-stack bookkeeping and business consulting. Save time, save money, lose the overwhelm and get back to growing your business…that makes sense.