Running a business can be bewildering at the best of times. But, come tax time and the fine print gets even more confusing! Knowing exactly which things you can and can't claim back can help things run more smoothly at "that" time of year. Plus, it’s always nice to...
On the 13th March 2020, Practice Ignition named Admin Army's CEO, Irene Bennetts, one of the Top 50 Women in Accounting. This global award recognizes women who are leading the charge when it comes to advocacy, change and community within the Accounting and Bookkeeping...
As the end of the financial year approaches, you are probably thinking about hiding under the desk from your tax return. Unfortunately, you might have to crawl out from under there as that return won’t submit itself! While your bookkeeper and your accountant can do a...
Do numbers make you feel a little bit queasy? Do your eyes glaze over at the mere thought of your chart of accounts? Knowing the fact that those numbers in those reports actually equate to hard-earned dollars can make you feel even queasier! That is why it is...
When you first started your business, did you think you would simply make money from what you love to do? Makes sense right... put in the work and the money comes in for you to spend. Easy, right? Then reality kicks in. Running a business can be exhilarating and...
You do the work, you expect to get paid on time, right? Unfortunately, in small business, it doesn’t always work out that way. And we know that it’s not fun chasing unpaid invoices. Many business owners may feel uncomfortable and worry about upsetting valuable...
Cashflow is the life force of your business. It sounds like a drastic and bold statement, but it really is the truth. It is the virtual air that breathes life into all the tasks you do and keeps your business functioning. To succeed, you want to bring in enough to...
Bookkeepers are pretty darn amazing (if we do say so ourselves)! But, there are limitations to their powers. They can perform magic with your finances and reporting, yet they are not mind readers. That is why it is important to know how you can best work with your...
Whether you are in a love or hate relationship with your accounting software, you have to admit that you need it. Even if it is just because your accountant tells you so! Accounting software is an essential business tool to make your life easier and to keep those...
To DIY or not to DIY… that is the question! To run a successful business, you have to get the essentials right first. Your business accounts are one of the most vital ingredients in the recipe for success. Mess them up, and you will quickly find yourself and your...
On the final evening of the Institute of Certified New Zealand Bookkeepers Conference in Christchurch, bookkeepers from around the country came together for the 2019 Excellence Awards dinner. We are excited to announce that we took home the Bookkeeping Business of the...
P&L, BS, AP… EBITDA??? So many acronyms for a profession that relies on numbers! To the non-financial minds, these letters can be as confusing as the numbers themselves. What do all these terms stand for and do you need them for your business? Unless you have a...