technology

How to Protect Your Business Against AI-powered Scams

At Blackwood Bookkeeping, we work closely with business owners every day and one thing that’s becoming increasingly clear is this: AI-powered scams are getting smarter. Thanks to AI (artificial intelligence), fraudsters now have some seriously powerful tools at their fingertips. And that means small businesses, like yours, need to be more vigilant than ever. We […]

How Small Business Teams Can Thrive in a Tech-Driven World

The world of small business is changing – fast. With AI and automation becoming more embedded in the way we work, many business owners are wondering what the future holds for their teams. At Blackwood Bookkeeping, we see the shift as an opportunity. Yes, the tech is powerful – it can automate processes, reduce human […]

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 […]

Setting and tracking financial goals for small business success

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]

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 […]

Managing employee morale during times of change

Change is inevitable in any business, but it’s rarely easy – especially when it comes to managing employee morale. Whether you’re restructuring your team, implementing new processes, or pivoting your business strategy, major transitions can leave team members feeling uncertain, disengaged, or even overwhelmed. If you’re a change leader or small business owner, you’re probably […]

Wage Theft: What Australian Businesses Need to Know and How to Stay Compliant

Wage theft is now a criminal offence in Australia, marking a pivotal shift for businesses of all sizes. At Blackwood Bookkeeping, we understand that navigating these changes can feel overwhelming, but ensuring compliance is essential – not just to avoid penalties, but to build trust and maintain integrity. As your trusted financial partner, we’re here […]

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 […]

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 […]

Doubling Down on Purpose: Key Takeaways from Xero Roadshow

I recently had the opportunity to attend this year’s Xero Roadshow, and the theme that stood out was “Doubling Down on Purpose.” This year, it was all about how we can leverage technology to articulate our value to clients more effectively while reconnecting with the core reasons we chose this profession in the first place. […]

The importance of bookkeeping

As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process of recording transactions in your business. This includes any transactions, credit card charges and any other financial activity that happens within your company. How good bookkeeping helps you Bookkeeping is […]

Construction project management tools

If you’re a contractor, it can be challenging to manage a hectic schedule and complex projects, all while ensuring your paperwork, documents, and contracts are in order; which is where good construction project management tools come into play. It’s important to keep a paper trail of your work and practice due diligence. Keeping all your […]

Strategies to Improve Financial Operations

As a small business owner, it’s a constant juggling act between how you can improve financial operations, increase revenue, improve profit, grow the cash. I recently returned from a business development week in Hobart that was full of learning, discussions, brainstorming, and invaluable insights into strategies for growth and improvement. The energy of the event […]

Turning Numbers into Financial Insights

Any successful business owner will tell you that the backbone of a thriving business is its ability to understand and use its financial insights wisely. However, the raw numbers on your Balance Sheet or Profit and Loss statement are just the starting point. The key is to turn those numbers into actionable insights that improve […]

Balancing Your Books and Family Time This Easter

Growing your business often means long hours and what seem like endless responsibilities. When family holidays like Easter roll around, stepping away to create memories with loved ones may seem like a luxury you can’t afford. But what if I told you that good financial management and systems might just be the hidden egg you […]

Essential Guide to Financial Resilience

Understanding financial stress As a business owner, financial stress may be familiar. The cash flow that is the lifeline of your business can sometimes feel like a rollercoaster, full of unexpected turns and stomach churning drops. How can small business owners ride this economic rollercoaster? Here’s our top tips on building your business resilience while […]