Financial Literacy

From Spreadsheets to Smart Systems: Finance Automation

Five financial processes to automate first when moving from spreadsheets to cloud accounting - and what it actually costs to make the switch

How to really profit from your business

Learn how to understand your profit magins, net profit, and simple strategies you can use to increase the profitability of your business

An In-Depth Look at Assets

A practical guide to understanding assets in accounting - from current and fixed assets to depreciation rules and how the ATO treats different asset types in Australia

What is an Asset? What is a Liability?

The difference between assets and liabilities in business accounting, how they affect your balance sheet, and what Australian business owners need to know about each

3 Cash Flow Tips to Keep Your Business Running Smoothly

Three practical cashflow management tips for Australian small businesses - from timing your invoicing and payments to building a cash reserve that keeps operations running

What is a Cash Flow Statement?

A cash flow statement tracks the money coming into and going out of your business across operating, investing and financing activities. Here's how to read one

Using Fathom To Analyse Your Business Financials

Fathom connects to Xero to turn your accounting data into visual management reports, KPI tracking, and financial performance analysis for Australian businesses

Using Breakeven Analysis To Make Better Decisions

Breakeven analysis shows the relationship between price, volume and costs so you can set minimum sales targets and make better financial decisions for your business

Bookkeepers and the Accounting Equation

How the accounting equation works in practice for Australian business owners, and the role bookkeepers play in managing the day-to-day financial transactions within it

Understanding Your Profit and Loss Statement

How to read a profit and loss statement, what it tells you about your business performance, and why it matters for Australian tax reporting and management decisions

Understanding Your Financial Documents - The Balance Sheet

A balance sheet is a snapshot of your company's assets and liabilities at a point in time. Learn how to read your balance sheet to monitor your business health

Let's Talk About Balance Sheets!

A balance sheet (or statement of financial position) is a summary of a company's financial balances at a specific point in time. Learn how to read it

Cash vs Accrual Accounting: Which Is Right for You?

The difference between cash and accrual accounting for Australian small businesses, including how each method affects your GST reporting and BAS lodgement with the ATO