Numeric Eight Blog

Succession planning for family businesses … What’s involved?

Monday, March 01, 2021

Many businesses begin with a dream that flourishes into a successful family business. But only 12% of family businesses transition to a 3rd generation. How do you ensure your business survives and thrives for future generations? Read more below! 

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The Bookkeeping "F" Word Doesn't Need To Be Scary

Monday, January 11, 2021

Tired of all the doom and gloom? Let’s forget what happened last year and finish this financial year on a high. It might mean you need to do a couple of things differently but they are simple to do once you know how. Learn more.

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Ten Finance And Accounting Tips for Architects

Thursday, September 10, 2020

Architects, by their nature, are creative people, and if the mere mention of accounting sends you running for the hills, you're not the only one! Running your business is one thing, but effectively managing your finances is another issue entirely.

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Emerging From Lockdown: Planning For FY 20/21

Monday, July 06, 2020

We recently collaborated on a joint webinar with the HR Dept.

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Can I Answer A JobKeeper Payment Question For You?

Thursday, April 30, 2020

Latest Update: JobKeeper Extended until 28 March 2021. 

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Why can’t my admin assistant do my books?

Monday, June 03, 2019

For many business owners, hiring a virtual assistant or admin person is one of their first personnel hires. It makes a great deal of sense because it frees your time to focus on building your business and churning out the work.

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Live The Life You Imagined

Tuesday, April 30, 2019

Most people dream about starting their own business long before they actually do. Once you begin, reality quickly takes hold and you find yourself doing lots of tasks outside your area of expertise – often in the belief it is saving you money. 

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Essentials: P&L Statements vs Balance Sheets

Thursday, March 07, 2019

What is a Balance Sheet?
A balance sheet represents the financial position of the company on a specific date.
It enables readers to understand the entity's financial stability, liquidity and solvency. The balance sheet is prepared on the basis of the balances transferred from the P&L account. 

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The 6 key questions every business owner should ask

Wednesday, February 20, 2019

Trudi Yip would have to be one of Australian’s most enthusiastic business owners. She’s literally done it all her life yet she still maintains an infectious joy for the whole process. More than that, Trudi loves to see creative businesses thrive and uses her bookkeeping firm, Numeric Eight as the vehicle to help her clients.

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How do you choose the right accounting software for your business?

Thursday, October 04, 2018

Choosing accounting software can seem like an impossible task. All accounting software claims to be easy to use and as a business owner, that’s what you want to hear. But even the simplest system can result in a steep learning curve if you’ve never used it before. 

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