David Vine

5 questions for your accountant

Five questions all small business owners should ask their accountant

For many small business owners dealing with an accountant can seem an expensive task, useful only for getting the accounts finalised and helping with tax compliance. However, while a bad accountant could cost you much needed money, a good one could save your business cash in ways you may not have considered. Rather than focusing …

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Litmus Wines: How Ozlop helped my business move to the digital era

Litmus Wines: How Ozlop Helped Our Business

There are many business owners who are great at product development and sales, but struggle to keep up with the daily demands of business management. If you’re finding it difficult to allocate time to basic but essential tasks such as bookkeeping, it’s worthwhile considering outsourcing the job. At Ozlop we regularly meet business owners who …

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Good bookkeeping habits

Effective Bookkeeping Habits For Small Business Owners

4 effective bookkeeping habits to adopt in 2020 Regular contact with your business plan (plan for big expenses such as tax, rent and people) Process receipts and keep records (easier than ever with apps) Regular invoice chasing and processing Regular oversight of books Too often at Ozlop we meet with entrepreneurs who have turned their …

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Why confusing invoices with statements of account will mean trouble for your business

Why Confusing Invoices Can Mean Trouble For Your Business

This week I want to talk about one of the most common bookkeeping mistakes we come across at Ozlop and how to tackle it: confusing statement of accounts with invoicing. The challenge is that some people wrongly believe that an ‘invoice’ and a ‘statement of account’ are the same thing, when the reality is that …

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ignoring accounts - bookkeeping help

Outsourcing Your Bookkeeping Is No Reason To Ignore Your Business Finances

It is not unusual for me to meet with small business owners who, having ignored their books for several months, come to Ozlop for help with getting them into shape. Yet time and again, we meet the same business owners who feel that having outsourced bookkeeping, the job is done. This is a fundamental mistake …

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