Numeric Eight Blog

The sooner you send an invoice, the faster you will get paid. So here’s our guide to keeping your business cash fit and sustainable. Read more

In bookkeeping and accounting, there are many technical terms which can make things sound more complicated than they need to be. Our goal is to demystify these terms so you can make sound decisions about your business. Today we are explaining Accounts Receivable.  Read more

For many business owners, hiring a virtual assistant or admin person is one of their first personnel hires. It makes a great deal of sense because it frees your time to focus on building your business and churning out the work. Read more

Have you heard of Single Touch Payroll? We are less than two months out from the deadline on single touch payroll (STP) fro mircro businesses! Read more

Most people dream about starting their own business long before they actually do. Once you begin, reality quickly takes hold and you find yourself doing lots of tasks outside your area of expertise – often in the belief it is saving you money.  Read more

One of networking’s golden rules is that you need to invest time and effort to receive results. But that depends on your networking group. You see there are 2 types of networking groups – the fluffy ones and the business focused ones. Read more

What is a Balance Sheet?
A balance sheet represents the financial position of the company on a specific date.
It enables readers to understand the entity's financial stability, liquidity and solvency. The balance sheet is prepared on the basis of the balances transferred from the P&L account.  Read more

Trudi Yip would have to be one of Australian’s most enthusiastic business owners. She’s literally done it all her life yet she still maintains an infectious joy for the whole process. More than that, Trudi loves to see creative businesses thrive and uses her bookkeeping firm, Numeric Eight as the vehicle to help her clients. Read more

Without water, a plant will wither and die. In business, poor cash flow works the same way. So how do you make sure you get paid on time? Here are our 5 Top Tips. Read more

With Christmas only a few weeks away, there’s a lot to do both personally and professionally. If you have a team, you also need to manage a very hectic time for payroll. So ask yourself these 2 questions.  Read more