Bookkeeping Blog
Advice and tips for Australian Businesses
Keeping track of finances is a struggle, especially for cafes and restaurants
Do you fit that category?
Are you a business owner who owns a café or restaurant?
Those that work in this industry know how busy one gets with juggling staff, shifts, rosters, suppliers, cashflow, serving customers, taking inquiries, stock taking, cleaning, the list goes on.
I have many clients that work in this industry and you know why they outsource to me to do their Bookkeeping and BAS, because they don’t have the time.
Businesses in hospitality have the highest percentage of failure, due to poor record keeping, I bet you didn’t know that.
As a result, with little or no data, decisions are made on emotion, which is a bad thing when it comes to bookkeeping.
Statutory reporting for many cafes and restaurants can also be an issue with many supplier invoices being GST taxable, free or a combination.
Are you nodding your head in agreeance?
Once you have managed all your supplier invoices and then the rostering of employees, outsourcing to a Bookkeeping makes sense.
Nowadays since COVID, cafes and restaurants have had to come up with different ways to serve customers via delivery or for customers to pick up. Now that we are slowly coming out of the pandemic in different states, business owners are looking at better ways to serve their customers whilst maintaining social distance and following all hygiene precautions whilst still making sure food is served and delivered and ultimately the customer is happy.
It is a massive task for any business owner.
If this sounds like you and you need help, then please give me a call direct on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!
Does your business comply in a COVID-19 World?
Every business has a duty of care and especially now Post COVID. It has never been a more important time to businesses to stay on top of the ever-changing compliance obligations.
If you have staff, you need to consider and review the following
- The changing employment laws in Australia ie Awards
- Those returning to the workplace, if they have been working from home during lockdown
- If your staff are remaining working from home on a full time or part-time basis
- Payments and leave entitlements
- Reviewing your staff working hours, location and duties
- Standing down employees or ending their employment due to COVID
There is so much to consider during and post COVID-19. We in Australia are not out of the woods yet, we could get more waves of COVID in different states, business will never ever go back to what it used to be and I personally think, that is a good thing.
But be vigilant, stay on top of compliance and if you need me to look at these things for you, please do not hesitate to give me a call on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!
Did you know Services Australia will begin contacting welfare recipients from November 2nd 2020?
I am sure many people don’t.
The Government has outlined that Services Australia will begin contacting welfare recipients who they think have been paid too much, especially now that the government is ending the pause put into place due to the Pandemic.
The areas that still remain in a state of disaster such as Victoria will continue to be exempt.
Though Services Australia will not begin taking money from Australian’s until February 2021 and that the delay in this debt recovery will still allow people to plan for their future. It still provides enough time for people to consider their circumstances and what options they have moving forward into 2021.
Services Australia will work with people to make sure the process is simple and that people will be able to commence repayments of their debt voluntarily.
It is something many people are not aware of and because of the Pandemic, Services Australia realizes this has put a financial and mental burden on many people who have lost their job or business.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
You didn’t go into business to do your Payroll and Bookkeeping, BUT WE DID
We are a full service, insourced Payroll and Bookkeeping business that puts money back in your pocket. Our team works like a full-time employee and part of your business when it comes to processing your Payroll and bookkeeping, but without the cost or other concerns full time employees bring. When compared to a full-time employee, we give you all the benefits and more but save you around $60,000 a year in costs, makes good financial sense!!
