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Do I need a purchase order system for my business?

Running a small business is no small feat. Every purchase, every invoice, and every supplier relationship counts. But as your business grows, so does the complexity of managing procurement. This is where a purchase order (PO) system can help. Not […]

How better financial reporting helps you grow faster

Every business will have a particular way of tracking and measuring how its business is performing. If you can identify when key indicators deteriorate to a level that causes concern, you can take early action. The easiest cash flow warning […]

Understanding balance sheets, profit and loss, and cash flow

Running a business is much easier when you know what your financial reports are telling you. Three of the most important documents are the balance sheet, the profit and loss account (sometimes called an income statement) and cash flow statement. […]

7 step strategy to increase sales

If you want to increase sales as quickly as you can, you’re going to need an efficient marketing plan and a highly targeted sales strategy. Step 1. Sell more to your existing customers If you have existing customers that would […]

A guide for effective cash flow management

An up-to-date business cash flow forecast can help you manage your business more efficiently. It’s an estimate of the amount of money you expect to flow in and out of your business. It includes all your projected income and expenses […]

Avoid These 5 Costly Accounting Mistakes

A Canadian bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was […]

Stay alert from ATO scams

Criminals are impersonating the ATO to steal identities, access bank accounts, and defraud Australians, often using highly convincing emails, SMS messages, and phone calls. There has been a dramatic increase in phishing scams that pretend to be from the ATO. […]

Driving sales and revenue

Improving sales and revenue can resolve many business challenges. When more money comes in than goes out, your business stays solvent, giving you time to implement further improvements. Here are some actionable strategies to increase your revenue and drive growth. […]

Protecting your business online

Whether you handle online payments, store customer data, operate remote teams, or rely on SaaS platforms to run your company, you’re exposed. From stolen credentials to ransomware, cybercrime can disrupt your business, cost you real money, and damage your reputation. […]

Is a business mentor worthwhile?

“Mentoring is a brain to pick, an ear to listen, and a push in the right direction.” — John Crosby The opportunity to learn from a mentor can do more for a small business owner than any course, educational program, or […]

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your current practices, anticipate challenges, and set attainable future goals. But despite […]

Finding money within your business

Most small businesses experience cash flow problems from time to time and urgently need working capital. Many business owners immediately think of the bank or loans when they’re short of money. But there are other resources you can tap before […]

The three most important financial reports

While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering. Taking the time to regularly review financial statements can help you assess and improve current performance, […]

We are finalists in the Australian Accounting Awards!

The Australian Accounting Awards is an annual event that recognizes the leading firms and professionals who have made significant contributions to the accounting industry. Since its inception in 2014, the awards have been the most anticipated program and a benchmark […]

How to control your business finances in 5 easy steps

The ability to manage your business finances effectively is a huge advantage. In this way, you can make well-informed business decisions and maintain the profitability of your organization.
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We are Australian Accounting Awards Finalists!

We are Australian Accounting Awards Finalists! Propel Accountants and Advisors is excited to announce that we have been selected as finalists for the upcoming Australian Accounting Awards in the categories of Business Advisory Firm of the year & Multiservice Firm […]

How to Benefit from the Asset Write-Off Extension For Small Businesses

Propel Business Group is excited to share with our clients that the Australian Government has announced that the instant asset write-off scheme introduced to bring forward spending amongst the 2020 pandemic will be extended for 12 months, until June 2022. […]

Are you an Australian Employer? Download your FREE guide to JobKeeper Payments

It might be a confusing time to be an Australian Employer, Propel Business Group is committed to providing our clients with the most easy to digest information to help their business survive during these difficult times. Download your free Employer Guide […]

Green light for the JobKeeper Stimulus Package

The $130 billion Job Keeper stimulus package may be a game changer for a lot of businesses owners, sole traders, and employees who have either been stood down already, or were fearing losing their job in the near future. To reiterate, any business that has lost […]

D.I.Y. Checklist During COVID-19

All businesses need to have a plan in place during the COVID-19 pandemic. This checklist provides general guidance around important aspects and actions you should be considering for your business. We encourage you to have regular contact with your accountant […]