5 tips for preparing payroll during the Christmas period

The payroll procedure during the Christmas period is a little trickier than usual. But not to worry – these few tips should be able to get you sorted. Photo by Jonathan Borba on Unsplash 1. Get a plan going It’s always best to sort out administrative issues ahead of time, especially when heading into holiday […]

Landmark Federal Court ruling decides that casual workers are entitled to paid leave

In a landmark ruling, the Federal Court decided that Robert Rossato, a casual mining worker employed by labour-hire firm WorkPac was entitled to paid leave. The decision could significantly affect payroll costs for many businesses. The judgement of the case decided that Rossato was entitled to annual, sick and carer’s leave. The reason for this […]

Case Study #3 – Sally (Beauty Salon)

Beauty does not require pain. Meet Sally*. The owner of a beauty salon, Sally enjoys the art of accentuating one’s feminine beauty. She relishes in the creativity behind the process of beautifying her clients. More importantly, she believes that helping other people look their best is her vocation. Sally considers herself extremely fortunate to run a […]

Case Study #2 – Bob (Builder)

BOB THE BUILDER Here’s the story of Bob* the builder. Bob is one of our favourite stories that we feel embody how PAQ intends to save the world through bookkeeping. Your average man with a vision and a love for building things, Bob decided to work on a start up of his own. Eventually, with some […]

Case Study #1 – Anthony (SME) – Catch Up Bookkeeping

How we helped a client catch up on over a YEARS-WORTH OF BOOKKEEPING IN LESS THAN A MONTH, and SAVE THEM MONEY in the process.   How Anthony Started Anthony* is your typical small business owner. The type that absolutely loves what he does,but does not give much of a care about much else, ESPECIALLY […]

How to Prepare, Survive and Thrive?

Update your cash flow forecast and budget out ongoing operational cost Got a cash flow forecast and a budget? This is the perfect time to review it! By calculating your ‘fixed operational expenses’ , revised sales estimates and wages, you can adjust yourworkforce and reserve requirements accordingly. This will allow us to take the necessary action […]

What is the difference between accounting and bookkeeping?

Many people wonder what the difference between accounting and bookkeeping is. Accounting is a matter of analysis. Accountants are charged with examining financial information and presenting what they discover in a format that is useful to a business. Bookkeeping is basically recordkeeping. Bookkeepers’ responsibilities are less complex; they are tasked with entering all the necessary information […]

The importance of bookkeeping: 4 reasons why

The importance of bookkeeping cannot be stressed enough when it comes to running your own business. Bookkeeping is the first step in the accounting process and arguably the most important one. A bookkeeper will compile all financial data – from transactions to wages – and turn them into easy-to-read reports that are ready for future […]

5 signs you need to hire a bookkeeper

At some point, you’ve surely asked yourself – is it time to hire someone to do this for me? The answer is…maybe. As small business owners, we’re resourceful and take pride in doing things ourselves. This resourcefulness is helpful when we start our business as we can minimize costs and run a tight ship. But as our […]

Is your bookkeeper reliable?

There are so many cases of bookkeeper fraud and company theft. How do you know you can really trust your bookkeeper?  Especially if you’ve been burned by an in-house bookkeeper in the past (and that’s more common than you might think for small-to-mid-size business owners!) you may not want to put your financial statements in […]