Finance & accounting
Successfully managing your finances can help sustain and grow your business, so it's important to get it right.
Whether it's balancing the books, budgeting or good cash flow management, you can improve the financial health of your business.
Our section on accounting will help you understand how to ‘do the books’.
You can now use eligible online or 'cloud' accounting, bookkeeping or payroll software to process certain government tax forms. Find out more about the online or 'cloud' software service on the Australian Taxation Office (ATO) website.
Payments and invoicing
One of the most important parts of your business is learning how create invoices for your work and ensure you also receive payment.
When starting your business there are a few keyquestions to ask when you consider seeking finance.
Our page on applying for a business loan will guide you through the array of financial products. There are also valuable tips to help you be more successful in your application.
Manage your finances
There are several ways you can manage your finances and improve your financial situation. These mayinclude seeking professional advice, introducing financial systems or obtaining financial training for yourself or your employees.
Once your finances are in order, our page on analysing your finances has a number of key financial ratios and calculations. These include how to work out your margin and determine your profits.
Then see our financial tips for your business so you can always pay your creditors and also have profits to put back into your business.
Manage your debts
At some point in your business, you may need to manage some form of debt. The following pages will guide you to reduce the risk of having unpaid bills or invoices.
You can also take positive steps to get your business back on track with our page on what to do when you're in debt.
Find out more
- Visit the MoneySmart website for information on managing your money.
- It's worth spending the time to prepare a business plan, regardless of the stage of your business. Download our business plan template and guide to help you get started.
- Search for financial training events and seminars in events.