Planning & Strategy

Understanding Your Financial Reports: The Numbers Every Business Owner Should Watch

If you’re like many business owners, you receive financial reports regularly – but aren’t always sure what they’re really telling you. You may glance at the numbers, check whether there’s money in the bank, and move on. And that’s understandable. Most people didn’t go into business because they love financial reports – they went into […]

Budgeting, Forecasting and Goal Setting: Turning Numbers into Better Business Decisions

If you’re like many business owners, you may find it challenging to understand what your financial reports are really telling you – or how to use that information to make confident decisions. Most people go into business because they love the product or service they provide, not because they enjoy managing finances. That’s completely normal. […]

Business New Year Preparation: How to Wrap Up 2025 and Start the New Year Strong

The end of the year often feels like a sprint – deadlines, client work, and the countdown to Christmas all competing for attention. But before you switch off for a well-deserved break, it’s worth taking a moment to get your books and business in order. A little business new year preparation now can make a […]

Business Christmas Preparation: What to Review Before the Holiday Break

The festive season is almost here – just this weekend coming back from a few days in Melbourne, I noticed Christmas trees already up in the airport! So now seems as good a time as any to start talking about Christmas parties, team gifts and end-of year shutdowns. A little business Christmas preparation can save […]

Where Has the Money Gone?

Understanding Why Your Business Might Feel Broke Even When It Looks Busy It’s one of the most common questions business owners ask themselves: “If I’m working so hard, why isn’t there more money in the bank?” You’ve got work coming in, your team’s working full tilt, revenue looks okay – but cash is tight, profitability […]

Set the Pace: Cash Flow Planning for a Strong Start to the Financial Year

As we’re about to turn the page on another financial year, many business owners are breathing a sigh of relief. The deadlines have been met, the reports submitted, and the shoebox of receipts (hopefully) emptied. But before you shift focus to the next big thing in your business, there’s a golden window of opportunity that’s […]

EOFY Survival Guide: What You Should Be Doing Now to Prepare for 30 June

The end of the financial year (EOFY) is just around the corner – and if you’re a small business owner, now’s the time to take action (not panic 😅). With a bit of preparation, EOFY doesn’t have to feel stressful or overwhelming. In fact, it’s a great opportunity to get clear on your numbers, tidy […]

What Small Business Employers Need to Know About Pay Day Super – And How to Prepare Now

If you’re a small business owner and employing staff, there’s a big change coming your way – and it’s called Pay Day Super. While it’s not scheduled to be mandatory until 1 July 2026, forward-thinking businesses (like our clients) are already preparing – and in some cases, already using it. So, what is Pay Day […]

Cyclone Alfred: Preparing Your Business

With Cyclone Alfred tracking towards Brisbane this week, business owners need to be prepared for potential disruptions. While the full impact remains uncertain, forecasts suggest significant weather events on Wednesday and Thursday. Taking proactive steps now can help safeguard your business, employees, and financial operations. Here’s what you can do to prepare. 1. Ensure Business […]

Year in Review: Reflections, Achievements, and Learnings

As the year draws to a close, let’s take a moment to reflect on an incredible 2024 filled with growth, challenges, and significant milestones. This year was a transformative one for Blackwood Bookkeeping, and it wouldn’t have been possible without the unwavering commitment and passion of our team. Highlights of 2024 Blackwood Annual Conference in […]

Give Yourself the Gift of Rest This Christmas

Why Recharging is Crucial for Business Owners As Christmas approaches, the hustle and bustle of the season mirrors the pace many business owners maintain year-round. We all know someone – or maybe we’ve been that someone – who seems to have endless energy, constantly juggling tasks, pushing forward, and chasing goals. But at what cost? […]

Preparing for Christmas Cash Flow Challenges

With Christmas just around the corner, many business owners are already grappling with Christmas cash flow challenges. As the festive season approaches, managing cash flow becomes increasingly pressing. A Christmas shutdown can strain cash reserves, as income slows or stops altogether while expenses like rent, wages, and loan repayments continue. For small and medium-sized businesses, […]

How Santa Manages His Cash Flow: Lessons for Your Business

Christmas is a magical time, and no one knows how to manage the season better than Santa Claus himself. With a global operation, a team of elves, and a tight deadline, Santa runs one of the most complex “businesses” in the world. But how does he keep it all together – especially financially? This year, […]

Reduce Financial Stress Over the Holidays with People and Tech

The holiday season is a joyful time for many, but for business owners, it can also be a source of significant financial stress. Balancing reduced income with ongoing expenses like wages, rent, and supplier payments can be challenging, especially during a Christmas shutdown. However, with the right blend of technology and teamwork, you can minimise […]

Eradicating Financial Stress Through Cash Flow Clarity

Cash flow is the lifeline of any business, and maintaining a healthy flow of funds is crucial for sustainable growth. At Blackwood Bookkeeping, we understand that managing cash flow effectively goes beyond keeping track of numbers – it directly impacts the well-being of business owners. Let’s dive into why cash flow matters and how we […]

Tips for managing your business finances

When you run your small business, you’re probably wearing a number of hats and juggling lots of plates. That makes it tempting to let some tasks slide, especially tasks that are related to your business finances, which can be challenging and often outside your skill set. Here’s our top tips for managing your business finances, […]

New beginnings

Reflecting on 22 Years of Growth, Challenges, and Exciting New Beginnings After 22 years of running Miss Efficiency, we’re excited to announce a new beginning – Miss Efficiency has been acquired by Blackwood Advisory and has become Blackwood Bookkeeping. It’s been a remarkable and challenging ride, filled with ups and downs, milestones, and countless lessons […]

Preparing for End of Financial Year

Do you want to successfully navigate year end? I hope so! In this webinar we’ll give you essential insights and strategies for optimising your business’s financial health. Learn how to accurately close your books, maximise opportunities, and set your business up for success in the coming year. Don’t miss this opportunity to ensure your books […]