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Keeping track of finances is a struggle, especially for cafes and restaurants

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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!!

Have you accessed your Superannuation during this COVID-19 Crisis?

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For many business owners, both large and small, during the COVID-19 Crisis, many have accessed their Superannuation during the COVID-19 Crisis.

It has actually been a necessity for many to help them keep their cashflow going and keep the business and their staff afloat so they can continue.

Even though on both sides of parliament, they were not happy for the Government to allow the access of $10,000 in the current Financial Year and another $10,000 in the New Financial year to be accessible, but it truly has been a bonus for many businesses who are trying to keep staff on, keep stock coming in to sell and for others, just to purely survive.

If you are one of those businesses out there, you are not alone.

Personally, I do hope businesses are using that superannuation to good use and they are able to obtain a ROI if and when they access and use this money.

In the large scheme of things, we normally are never allowed to touch this money until retirement, but in the current economic climate we are in, I can see why the Government has allowed this and tax free too for those that have funds available to access and use.

Not that I am a financial planner, but if you have any questions relating to access to your superannuation or want to know more how you can use this money effectively and efficiently when it comes to Bookkeeping, then please do not hesitate to contact me anytime.

Maree Punzet
Maree’s Mobile Bookkeeping | Over 20 years Bookkeeping experience | Qualified BAS Agent
M: 0429 363 047
www.mareesmobilebookkeeping.com.au