Blog/News Numerix Accounting

ABN Registration in Australia: Step-by-Step Guide for New Businesses 

Start-Up Guide for New Businesses Starting a business is exciting, but the paperwork can feel confusing. Your Australian Business Number (ABN) sits at the centre of it all. This guide explains how to apply for an ABN, who is eligible…

Management Accounting for Small Business: Reports and KPIs That Actually Help You Decide

Reporting Guide for Business Owners Most owners receive accounts once a year, and those accounts mostly satisfy the ATO. They tell you what happened months ago, not what to do next. Understanding management accounting vs financial accounting changes that. This…

Restaurant Bookkeeping: Managing Food Costs, Wages, and Daily Takings

Bookkeeping Guide for Hospitality A full dining room does not guarantee a profit. Rising ingredient prices, weekend wages and unreconciled takings quietly eat your margin. Owners who know how to calculate food cost percentage and understand restaurant payroll penalty rates…

Construction Bookkeeping: Job Costing, Progress Claims, and Cash Flow Tips 

Finance Guide for Builders A busy building site can still lose money. Costs creep up, payments arrive late and retentions sit unpaid for months. Strong job costing for builders solves most of these problems. This guide covers progress claims and…

Bookkeeping for Tradies: How to Track Jobs, Materials, and GST Without the Headache 

Bookkeeping Guide for Tradies You finish a long day on the tools, then face a pile of receipts and unpaid invoices. Sound familiar? Many electricians, plumbers and builders lose their weekends to paperwork. This guide shows how tradies track expenses,…

Payroll for Small Businesses: STP, Super, and Compliance Made Simple 

Payroll Guide for Employers Hiring your first employee is exciting. Paying them correctly is where many owners feel nervous. You must report wages to the ATO, pay super on time, withhold tax, and follow the right award. This guide offers…

How Restaurants Can Manage Tight Margins with Better Financial Reporting

Running a restaurant means operating on some of the thinnest margins in business. Food costs fluctuate, staffing needs shift with demand, and a single quiet week can eat into profit fast. Many owners feel like they’re always busy, yet still…

Tax Deductions Tradies Often Miss (And How to Claim Them Correctly)

Tradies work hard for every dollar they earn, yet many hand back more tax than they need to. They simply miss deductions they’re entitled to. Between job sites, tools, and vehicle running costs, it’s easy to lose track of expenses…

Cash Flow Forecasting 101: Planning Ahead Instead of Reacting

Cash Flow Forecasting 101: Planning Ahead Instead of Reacting Most business owners know their bank balance at any given moment. Far fewer know what that balance will look like in six weeks. That gap is exactly where cash flow problems…

Understanding Single Touch Payroll (STP): What Every Employer Needs to Know

Payroll compliance in Australia has changed a lot in recent years. Single Touch Payroll (STP) sits at the centre of that shift. If you employ staff, whether it’s one part timer or a full team, STP reporting applies to you….