Numeric Eight Blog

Essentials: P&L Statements vs Balance Sheets

Thursday, March 07, 2019
Essentials: P&L Statements vs Balance Sheets

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

The 6 key questions every business owner should ask

Wednesday, February 20, 2019
The 6 key questions every business owner should ask

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

Why can’t my admin assistant do my books?

Thursday, November 29, 2018
Why can’t my admin assistant do my books?

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

How do you choose the right accounting software for your business?

Thursday, October 04, 2018
How do you choose the right accounting software for your business?

Choosing accounting software can seem like an impossible task. All accounting software claims to be easy to use and as a business owner, that’s what you want to hear. But even the simplest system can result in a steep learning curve if you’ve never used it before.   Read more

Does a business need a bookkeeper and an accountant?

Tuesday, September 18, 2018
Does a business need a bookkeeper and an accountant?

As your business grows and evolves, so will your accounting requirements. So which comes first – an accountant or a bookkeeper? And what’s the difference between their roles? If you’re unsure, read on … Read more

Stuffed in a shoebox or super organised – how are your accounts?

Friday, September 07, 2018
Stuffed in a shoebox or super organised – how are your accounts?

For most business owners, doing their accounts is sheer drudgery. It also takes them away from what’s important – growing their business and spending time with the ones they love.  Read more

Challenge or Opportunity? You have the power to choose!

Monday, September 18, 2017
Challenge or Opportunity? You have the power to choose!

Have you ever checked your immediate thoughts whenever you encounter something unexpected? Whether it’s in life or in business, we all feel challenged by unforeseen situations. It’s what we do next that differentiates us. Read more

Live The Life You Imagined

Monday, July 17, 2017
Live The Life You Imagined

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

Review, Reset, Revise … And Get Ready

Wednesday, June 28, 2017
Review, Reset, Revise … And Get Ready

Have you noticed the increase in ads encouraging you to buy things for your business because it’s the end of another financial year? Read more

If You Do The Best For Your Clients, Why Don’t You Do The Best For Your Business?

Tuesday, June 13, 2017
If You Do The Best For Your Clients, Why Don’t You Do The Best For Your Business?

We often speak to creative business owners who are struggling to survive. They have everything going for them – great customer service, high skill levels, passion, dedication and a strong work ethic. But their business fails to thrive because they neglect the backroom work such as having accurate accounts. Read more


Sydney bookkeeping services with a difference!

x

To receive common sense business tips and insights, subscribe to the
Numeric Eight newsletter

Copyright © 2019 Numeric Eight Pty. Ltd. All Rights Reserved