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Thread: David's bookkeeping corner.

  1. #76
    Senior Member Mrs HMS's Avatar
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    Default Re: Dealing with Lost Super

    Quote Originally Posted by glassngrass
    Might be worthwhile bundling all those small amounts you accumulated under your various casual employers into a single fund???
    By doing so you save on fees and charges, increase your account balance (which also reduces your fees and charges) and enable your super to be more effectively invested.

    If you think you may have lost super - you may find it here

    http://www.ato.gov.au/individuals/co...tent/33301.htm
    ~ Joanne ~

  2. #77
    Senior Member Bluey's Avatar
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    Default Re: David's bookkeeping corner.

    A question for the quick Books guru if I may. When I send a normal invoice it goes via my outlook but when I send a statement it goes via Intuit Business Services. Why is it so Professor.
    Cheers

    Bluey
    Adelaide Home & Garden Solutions
    http://www.ahgs.com.au


    "Success occurs when no one is looking, failure occurs when everyone is watching."

  3. #78
    Senior Member glassngrass's Avatar
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    Default Re: David's bookkeeping corner.

    Beats me ?

    Not heard of this before.

    Try calling their customer service line and report back - then we'll both know!
    David
    Mr Sparkle Car Spa

  4. #79
    Senior Member Bluey's Avatar
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    Default Re: David's bookkeeping corner.

    Hmmmmm....thought you were the guru. Maybe it is surface tension.
    Cheers

    Bluey
    Adelaide Home & Garden Solutions
    http://www.ahgs.com.au


    "Success occurs when no one is looking, failure occurs when everyone is watching."

  5. #80
    Senior Member Bluey's Avatar
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    Default Re: David's bookkeeping corner.

    Yeah right....just checked their site. Phone support comes at $4.90 a minute. That's $294 an hour. You cannot email them or log a free on line request. Nothing in their so called FAQ.

    I am starting to get really jack of this program. You pay through the nose for it and then they want that type of money to answer a questuion you have with a problem with their software. These people would make Ned Kelly look like a page boy
    Cheers

    Bluey
    Adelaide Home & Garden Solutions
    http://www.ahgs.com.au


    "Success occurs when no one is looking, failure occurs when everyone is watching."

  6. #81
    Senior Member glassngrass's Avatar
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    Default Re: David's bookkeeping corner.

    Phone support is free for advantage members.
    12 months advantage subscription is included with software.
    The idea is, they want yout to upgrade every 12 months!

    Email me a screen pic of your "Intuit Business Services" statement email for me to look at. Better still, would you let me 'drive' your computer remotely?

    $4.90/minute -WOW, at less than 20% of that I AM cheap!
    David
    Mr Sparkle Car Spa

  7. #82
    Senior Member glassngrass's Avatar
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    Default 10 Tips for getting paid on time

    1. Ask to be paid up front. Make it part of your payment
    arrangements
    2. Let people know what your terms are when they hire you
    3. Put your payment terms in bold on your invoice
    4. As soon as the deadline has passed—ring the client to remind
    them the money is owing
    5. Ask for a deposit
    6. Have a range of options for payment, such as Credit Card, direct
    to bank, etc
    7. Allow for payment in installments
    8. Provide a discount to people who want to pay up front/early
    9. Charge interest on late payments
    10. Have a debt collector in the wings - and don’t be afraid to use them!
    David
    Mr Sparkle Car Spa

  8. #83
    Senior Member glassngrass's Avatar
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    Default 10 Networking Tips

    Word of mouth is one of the world's BEST forms of advertising.
    Effective networking, at either formal or informal events, can result in generating tremendous interest in your business' services.
    A reputation for being a 'great bloke' will do more to increase sales that a reputation for fastest/cheapest

    1. Participate—you have to be involved and keep going back; networking is a long term commitment (Chambers of Commerce, footy club, etc)
    2. Give without looking for anything in return-because you care!
    3. Always follow through on promises-you're reliable
    4. Your aim should be to HELP others not SELL to others
    5. Set networking goals-meet, greet, learn about them
    6. Don’t hesitate to ask for help-people love to feel needed
    7. Be willing to share information (not hide it)
    8. Effective networking is about long term relationships—not one off sales
    9. Carry business cards everywhere—and give them out
    10. Follow up! Follow up! Follow up!
    David
    Mr Sparkle Car Spa

  9. #84
    Senior Member glassngrass's Avatar
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    Default Up to 121% Taxation on YOUR Insurance

    Did you know that the government’s of Victoria, NSW and Tasmania tax your insurance premiums more than any other state or country in the world?
    The effects of this high level of taxation on insurance (similar to that imposed on tobacco and alcohol) is reflected in less people purchasing insurance and higher levels of under-insurance. This was clearly seen in the Victorian bushfires and NSW storms earlier this year, resulting in financial ruin to many families and business owners.

    Unlike tobacco or alcohol that places a burden on government, the insurance industry takes the pressure off government. During 2008, the insurance industry paid out over $14.6 billion
    in insurance claims, equating to 1.4% of the Australian economy. This has enormous spin-off effects to many businesses in the building, retail, motor, service and other industries.

    John Lock’s position as far back as 1681 was that ,“Government has no other end, but the preservation of property”. In today’s world, the primary role of government should be to encourage and protect homes and businesses, and safeguard the ongoing growth of the economy.

    HOW IT CAME ABOUT

    Following the Great Fire of London in 1666, insurance companies started to protect the assets of their policyholders. To reduce the risk of fire, the early insurers developed their own fire brigades, as government had not done so. Realising that the entire community benefited from this initiative, the UK government took over control of the running and funding of the brigades.


    Insurers also formed fire brigades in colonial times. However, with Australia’s development, like their UK counterparts, these services were taken over by government.
    In the enlightened States of Qld, SA and WA, and in the ACT and NT, government also took over the funding, typically basing the rates equitably, so all contribute. However, in NSW, Victoria and Tasmania (only commercial in Tasmania), the bulk of the funding is borne by those who insure.

    THE FALSE LOGIC OF THE GOVERNMENT’S POSITION The State Government’s claim is that fire protection benefits mostly insurance companies and, as such, they should bear the cost. The reality is that insurance premiums are based on risk transfer. Where there is a manned fire station, the premium is cheaper than where there is none. The entire reduction in premium is passed onto the policyholder.

    Equally illogical is the fact that the Victorian Government recently announced that in extreme situations, the CFA will not concentrate on protecting property, but on saving lives. While this is prudent behaviour and has universal support, how does this approach help the general insurance industry?

    THE TRUE POSITION Every single person in our community benefits from fire and emergency services. The fire service does not know who or who is not insured and to what level the home or business owner is insured. By stopping the fire where it starts, they protect surrounding lives and property (both insured and uninsured).

    TRIPLE TAXATION The real reason that NSW, Victoria and Tasmania continue to tax insurance is that the Government receives income from a hidden multiplier effect. The table below is based on rural Victoria. This same ‘triple tax’ occurs elsewhere in the three States; only the rates differ.

    Item.....................Tax Rate.......................$..............Tax..... ...........Tax on Tax
    Premium inc Terrorism Levy..................100.00
    Plus Fire Service Tax 84%....................84.00..............84.00
    Sub Total........................................184.0 0
    Plus GST 10%....................................18.40...... ........18.40................8.40
    Sub Total....................................... 202.40
    Plus Victorian Stamp
    Duty 10%.........................................20.24. ..............20.24..............10.24
    Total Cost of Insurance.....................222.64.............1 22.64..............18.64

    When you consider insurers have to pay claims, salaries, rent, and other operating costs out of their $100, the inequity of government in taxing this vital industry and YOU, the policyholder, is realised. Worse still, when you consider that fire is not the biggest source of claims, rating only third, behind storm and flood claims. To add insult to injury, the NSW government recently introduced a tax on insurance for the SES on top of the three levels of tax already in place. When will it stop?! We all benefit, so we all should pay; not just those prudent enough to insure.
    David
    Mr Sparkle Car Spa

  10. #85
    Senior Member glassngrass's Avatar
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    Default Engineer’s joke:

    A mathematician, a physicist and an engineer were all given a red rubber ball and asked to find its volume.

    The mathematician carefully measured the diameter and evaluated a triple integral.

    The physicist filled a beaker with water, put the ball in the water, and measured the total displacement.

    The engineer looked up the model and serial number in his red rubber ball table.


    Okay, so it's not bookkeeping related - I just thought I'd slip this in!
    David
    Mr Sparkle Car Spa

  11. #86
    Senior Member glassngrass's Avatar
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    Default Never get out of debt!

    All of us are in debt…. We are indebted to our parents because they were responsible for bringing us into the world. Next, we’re indebted to the doctors, nurses, aides, orderlies and other hospital personnel for the parts they played in making our arrival a safe and healthy one.

    We’re indebted to the educational structure where we learned reading, writing and arithmetic, which are critical to our lives...

    We are in debt to those mentors and guides who taught us the essence of life by instructing us in the character qualities that are important to us, regardless of our chosen field of endeavor—athletics, medicine, education, business or government.

    We certainly owe a debt to people whose messages have been encouraging as well as informative and instructional. We are deeply in debt to public servants who commit their lives to service through appointed or elected offices...

    The list is endless…. We have a heavy debt,.

    One way to repay that debt is to regularly express thanks and gratitude to the men and women who make our lives worth living….

    Thank a lot of people, and you will accumulate many friends and enjoy life more.
    David
    Mr Sparkle Car Spa

  12. #87
    Senior Member glassngrass's Avatar
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    Default Public Holidays during Christmas

    In Victoria, both Saturday 26 December and Monday 28 December will be classified as public holidays.

    This may have implications for those of you who employ full-timer permanents, or casuals working full-time.
    David
    Mr Sparkle Car Spa

  13. #88
    Senior Member glassngrass's Avatar
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    Default Forgot your QuickBooks password?

    Third Party Password Removal software

    QuickBooks have had recent reports of QuickBooks data files becoming corrupted following the use of 3rd party software to remove passwords. Use of this software may also have potential legal consequences, including privacy and copyright issues. Accordingly, they do not support data files that have had passwords removed in this way.

    Their Data Recovery Team provides a Password Removal Service which should preferably be used, as it does not affect a data file's integrity. A next working day express service is available for those who need the job done quickly.
    David
    Mr Sparkle Car Spa

  14. #89
    Senior Member glassngrass's Avatar
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    Default Business Tips: Business Planning

    SmartCompany.com.au has compiled these business planning secrets from successful entrepreneurs and business experts:

    Go weekly
    If you are just doing your balance sheet every three months then you are not close
    enough to your business. Yes, you can calculate how much GST and tax you need to remit, but you are not all over your business, you dont know it as well as you need to know it.
    You need to have the Key Performance Indicators (KPIs) each week, have the monthly financials done pretty promptly after months end, and then analyse the financials by comparing the actuals with your budget and saying, here is what we did well and here is what we didnt do well.
    (Michael Griffiths, Prosperity Advisers)

    A constant evolution
    A business plan is essential, but make it flexible and constantly evolving. Sometimes you just have to act and see what happens. And whatever you think starting a business will cost in terms of money and time... triple it.
    (Anthony Moorhouse, founder of Dynamiq)

    Setting sales targets
    A part of any good business plans is clear sales targets. Look at the numbers to
    decide what you have to do. If you need X amount of revenue, then look at what your average sale is, and out of that ask how many sales you need to make each year, how many prospects do you need to talk to for sales and ask how many people you need to contact.
    You need to look at details. Know what markets you need to be targeting. Who do you need to be in front of, and how often do you need to do that?
    (Sue Barrett, The BARRETT Group)

    This edited article compiled by James Thomson is reprinted with permission from SmartCompany.com.au
    David
    Mr Sparkle Car Spa

  15. #90
    Member Andy B's Avatar
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    Default Re: Business Tips: Business Planning

    Quote Originally Posted by glassngrass
    SmartCompany.com.au has compiled these business planning secrets from successful entrepreneurs and business experts:

    Go weekly
    If you are just doing your balance sheet every three months then you are not close
    enough to your business. Yes, you can calculate how much GST and tax you need to remit, but you are not all over your business, you dont know it as well as you need to know it.
    You need to have the Key Performance Indicators (KPIs) each week, have the monthly financials done pretty promptly after months end, and then analyse the financials by comparing the actuals with your budget and saying, here is what we did well and here is what we didnt do well.
    (Michael Griffiths, Prosperity Advisers)

    A constant evolution
    A business plan is essential, but make it flexible and constantly evolving. Sometimes you just have to act and see what happens. And whatever you think starting a business will cost in terms of money and time... triple it.
    (Anthony Moorhouse, founder of Dynamiq)

    Setting sales targets
    A part of any good business plans is clear sales targets. Look at the numbers to
    decide what you have to do. If you need X amount of revenue, then look at what your average sale is, and out of that ask how many sales you need to make each year, how many prospects do you need to talk to for sales and ask how many people you need to contact.
    You need to look at details. Know what markets you need to be targeting. Who do you need to be in front of, and how often do you need to do that?
    (Sue Barrett, The BARRETT Group)

    This edited article compiled by James Thomson is reprinted with permission from SmartCompany.com.au
    Golden, thank you.

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