Accounting On Purpose

 Chances are if you’re in business you’ve heard of Xero Accounting Software. In today’s episode I want to give you my top 3 reasons why I think Xero is a great choice for small businesses and nonprofits as well as leave you with some considerations.

This is not a Xero vs MYOB or Xero vs Quickbooks or Xero vs Sage. It’s not even a Xero vs Zoho or Xero vs Freshbooks. This is simply about why I think Xero accounting is the best choice.

In this video I talk about some Xero basics and functionality as well as some Xero features that I think are really helpful when you’re looking at Xero for small business.

* Not a sponsored post, I just love Xero.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Do you need your balance sheet explained? Well, you’re in luck! Balance sheets are my FAVOURITE financial statement and this video will tell you why. 

In this balance sheet tutorial I will show you what balance sheet accounting is, how to read a balance sheet, how a balance sheet works and what is a balance sheet used for.

So, what is a balance sheet? Great question! Essentially it tells you what your business value is. But that’s a pretty broad statement isn’t it? Check out this episode for a deeper dive into the balance sheet and how that affects your business.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Do you have cash flow management strategies set up in your business to account for your daily dollars? Do you look at your numbers and have a grasp on your cash flow?

Cash flow management is key in any business. Understanding how to keep an eye on what goes in and out and creating strategies so that it’s easier to see if and when something goes wrong is vital. Cash flow management for small business and nonprofits should be a responsibility tasked to your accountant or bookkeeper to ensure that your daily cash flow (and business expenses) isn’t exceeding its limits. 

Learning how to manage cash flow in small business or really learning how to manage cash flow for a business of any size will be one of the duties that help you become profitable and not fall into a dire situation.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Ready to learn some more accounting basics? Today we look at debits and credits in our debits and credits explained episode!

This accounting stuff isn’t hard when you know the basics and understanding debits and credits accounting is one of the things that any good business owner should try and wrap their head around.

Come with me as I dive into this accounting 101 series and show you how we do accounting in Australia. The principles and accounting basics in Australia are fairly standard practice but it’s always good to understand the nuances.

If you need an Australian accountant specifically for any nonprofit needs, then please reach out and I would be happy to help or point you in the right direction.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Accounting Basics For Beginners: What Does Your Accountant Do? // In this episode I’m taking a pause to help you get clear around some accounting basics for beginners. This is to help you get a handle on understanding how your accountant should be helping you with reference to accounting basics for your small business.

This episode is specific to accounting basics in Australia as well as nonprofit accounting basics. So, what does your accountant do actually? Well, they should be helping you get clear on what is happening in your business. Accountant duties can vary depending on their level of expertise but most accountant duties and responsibilities are the same.

The purpose of accounting and more specifically, the purpose of accounting information is to reflect for you the goings on in your business.

If you are looking for an accountant in Australia, specifically in the NDIS and nonprofit sector then reach out and let’s chat!

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

So what is management accounting? And do you have a management accounting CPA? Well, in this episode I’m going to give you a managerial accounting crash course to get you up to speed with what your accountant ideally should be doing with you.

I’ll touch on management accounting budgeting, management accounting vs financial accounting and management accounting advantages and disadvantages.

The management accounting and financial accounting differences are quite substantial and for the most part, businesses are really only delivered compliance solutions but ideally you want more. This episode should clear up the differences and why they’re both important to your business.

I’m happy to discuss how I can be your strategic management accounting CPA in Australia if this sounds like something you would like and are currently not being offered.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

If you’ve ever wanted to know what a financial model is and why an how you’d use one then this episode is essentially a financial modelling for beginners video!

Financial modelling forecasting is also discussed as a way of projecting what you might expect financially in the future. Similar to a weather forecast :)

Dive in with me now as we look at financial modelling for startups & small businesses as well as non profits too!

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Are you a small business looking for the best accounting software to get your started? Then you need to watch this video as I walk you through the thought process to help you choose which accounting software is best for small businesses.

One of the things I commonly come across with small business is their need to find the best accounting software that can do everything from bookkeeping to invoicing to reporting to inventory management. But here’s the thing, when you’re looking for which accounting software is best you simply must take into consideration whether you need something with generalist capabilities or specific capabilities. It’s not as simple as Xero vs MYOB.

Whether it’s accounting software for small business or accounting software for large business or accounting software for nonprofits it’s important that you know what you want and need from it in order to choose the best one. If you require something that is diverse in what it can offer then perhaps you might need to consider a lesser known platform that caters specifically to your industry.

So, follow along with me as we look at accounting software in Australia and how you can make the best possible decision for your business.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

In this episode I want to break down accounting and whether or not you need to be doing all the accounting stuff you think you need to be doing to manage your financial systems.

This is a completely candid strip down and analysis of my industry, the accounting cycle and where it gets things a little warped at times. Ultimately, I'd love for you to walk away from this video with a little more understanding of the accounting basics role so that when you need to make executive decisions, you can with confidence and ease.

The accounting roles and functions don't need to be as complicated as they are and the accounting role in business could probably do with a few less processes. So, I dive into the history of accounting and bookkeeping to give  you a little more foundational understanding.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Australian Tax Explained - Your #1 FOCUS! // In this episode I want to walk you through typical Australian tax deductions and why you need to reconsider certain deductions. 

If you’re a sole trader tax in Australia is really about profit first. The Australian tax system is here to benefit you in places but ultimately you have to prioritise the profit in your business and not try to write off everything!

Company tax returns in Australia are a little more complex and that’s where we can start to look at different options but in Australia the tax system can work against you when you work against it.

Understanding tax in Australia is about understanding tax deductions, understanding where you sit as a small business and understanding taxes for small business, so let me walk you through your number 1 focus here in this video.

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.