Welcome to Nudge Accounting, We have over 80+ years of expertise in accounting and bookkeeping services.
Online Bookkeeping & Accounting Services Nudge Accounting

Suite 139/243 Pyrmont Street, Pyrmont NSW 2009

Mon - Fri 9.00 AM - 6.00 PM (AEST)

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Getting your business finances sorted. We look at invoicing…

Business finance, Invoicing

In our blog post this week, we start a series looking at the three key steps that businesses need to tackle to get their business finances sorted. And as part of our ongoing work with the business community, we presented these topics at The Entourage Scalable & Saleable Program in October 2014.

And our focus in this blog post is on invoicing and getting cash through the door.

Step 1 – How to ensure that you’re invoicing and getting cash through the door

Cash in any business is king. And it is so important that you should have a process for it. Why? One key fact around invoicing demonstrates this point:

  • Debtor days is almost 2 months (54 days) for small business. That means that after small businesses make a sale, it takes them this long to collect the money. Ouch!!

Some of the things you should be thinking about when invoicing:

  • Will you invoice when a service is performed and if so, within how many days?
  • Will you invoice upfront before the work is performed – hold the clients credit card or ensure that you receive payment before the final product is delivered?

So when setting up a process for invoicing, how will your invoicing get done?

  • Set aside time to do your invoicing – how regularly will you invoice?
  • Keep records to substantiate e.g. hours worked if questioned. Back yourself. Your time is worth $$$
  • Invoices need to look professional so you are taken seriously. also be aware that if you are starting your business, you may not be required to register for GST. However, clients will know you are small if you don’t include GST on the invoice so consider the pros and cons associated with this registration
  • What payment methods will you accept – credit card, paypal etc
  • Be clear on your payment terms and have them stand out on your invoices.

What are some essential things that your invoices need to include:

  • That it is a tax invoice by including the words ‘Tax Invoice’ on it
  • Who you are (your business) – ABN
  • Date of invoice
  • Description of what the invoice is in relation to – i.e. quantity x price
  • Whether GST (tax) is applicable and to what extent

Don’t waste your time doing your invoicing manually, there is software out there to help you manage and track this. Also consider software that sends out automatic reminders when invoices have not been paid on time and include this as part of your process.

This blog post is part of a three part series on managing your business finances.

We Are E.S.T. 2012

Who WE Are

At Nudge, we do it all for your small business: bookkeeping, accounting and tax. we can also help you with tax advice, company setups, personal tax, monthly performance summaries and specialist advice for small business owners. All work is completed by Aussie Accountants so you’ll never have to worry about compliance again.

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TESTIMONIALS

OUR COMPANY

OUR COMPANY Quality

With the uprising of technology and the plethora of competition in the majority of industries, business owners tend to seek help and assistance in managing and tailoring their business to suit the era’s needs and expectations. The process of accounting provides reports that bring key financial indicators together. Understanding financial concepts and gearing clients to financial success is what we exceed at here at Nudge Accounting. Our expertise lingers throughout the field of online accounting and engulfs all financial cases. With years of extensive experience and a dedication for our clients success, we endeavour to evolve our existing methodologies, in order to transform into Australia’s leading online financial firm.

OUR COMPANY Commitment

A successful marriage between bookkeeping and accounting will contribute to the long-term financial success of any business. Nudge Accounting takes pride with their online bookkeeping and online accounting services that encompass all aspects and sectors of finance to ensure our clients receive the utmost finest service. Commitment is an attribute we stand for as client satisfaction is always key to evolution. Our reliability is second to none, as we ensure our clients are well organised and pursuit their financial tasks with accuracy and precision. Nudge Accounting propelled their excellence and with their dynamic team of online accounting professionals transcended competition and have cemented themselves as the leading online bookkeepers in Australia.

OUR COMPANY Success

Our software and technological client interface is meticulous and seldom do alternative online accounting companies acquire this quality of infrastructure. This is what portrays our excellence and gears Nudge Accounting towards success. We ensure client satisfaction, by going through all the details and explaining financial situations to our clients. Engaging the client is what makes us stand out! Online accounting software, combined with online accounting techniques is a much more effective procedure than filling out paperwork because half the work is already done for you! Nudge Accounting take pride in providing the utmost finest online accounting service across Australia, with a variety of small to medium businesses and accounting excellence, technology and Nudge go hand in hand, just like the glove fits the hand!

WE HELPING SMALL BUSINESSES

Nudge provide exceptional accounting service and support whilst remaining price competitive. All of our packages provide the same great features for your small business accounting needs, which includes:

  • Performance Management Reporting
  • Annual Tax Return Preparation and Lodgements
  • Annual Financial Statements
  • Financial Monthly Statements
  • QTR BAS Preparation and Lodgements
  • Monthly KPI's to Identify Improvement Areas
80
YEARS OF
EXPERIENCES
$250m
UNDER MANAGEMENT
REVENUE
$150m
TOTAL
ASSETS
100
% SECURE
CLOUD STORAGE

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