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An Introduction to Accounting for Small Business Owners | Blue Wave Solutions

Accounting is one of the most important aspects of running a successful small business. It’s essential to keeping accurate records and having a good view of your financial health. Knowing the basics of accounting can help any business owner stay on top of their finances, manage cash flow more effectively, and make sound decisions about where to allocate resources. Let's take a look at some of the fundamentals of accounting for small businesses....

Making a Budget: Why It's Essential for Your Business | Blue Wave Solutions

As the end of the financial year approaches, it is more essential than ever to have a budget in place for the upcoming financial year. A budget is an important tool that allows business owners to plan and track their expenses, manage cash flow, and ensure that they are staying on track with their financial goals. Here’s why budgeting is so important....

What You Need to Know About Cash Flow Reporting | Blue Wave Solutions

Having a good understanding of your business’s cash flow is key to its success. Knowing where your money is going, where it’s coming from, and how much you have on hand informs decisions like when to purchase new equipment or hire more staff. Cash flow reporting provides the data you need to make these kinds of decisions with confidence. Let’s take a look at how cash flow reporting can help you better manage your business’s financial health....

How a Good Job Management System Can Reduce Fraud | Blue Wave Solutions

As a business owner, you know how important it is to protect your company from fraud and theft. One way to do this is by implementing a good job management system. This type of system can provide visibility into processes and ensure that the right people are doing the right jobs at the right times. Let’s take a look at why having an effective job management system in place is so important for reducing fraud....

Making Business Resolutions for 2023 | Blue Wave Solutions

As the start of a new calendar year approaches, it's natural to look ahead and create goals for yourself and your business. It’s time to make your New Year’s resolutions and set yourself up for success in the coming year. Here are some ideas of how you can set meaningful resolutions that will help you improve your business in 2023....

The Benefits of Taking a Break During the Summer | Blue Wave Solutions

In the world of business, it can be easy to forget about taking a break and spending quality time with family and friends. While summer is a great opportunity for businesses to increase their profits, it’s also an important time to step away from the hustle and bustle of work and take some time off. Here’s why you should consider taking a break over summer – both for yourself and your business....

The Basics of Accounting Terms Explained | Blue Wave Solutions

Having a basic understanding of accounting terms is essential for any business owner. Knowing the language used by accountants can help you understand and make better decisions when managing your finances. In this blog post, we will break down some common accounting terms in simple terms, so that you can gain a better understanding of how they work. ...

The Ultimate Guide to Getting Your Finances in Order | Blue Wave Solutions

As someone who owns a business, you know the importance of financial planning. Whether you’re an established business or just starting out, having your finances in order is essential to remaining profitable and growing your business. This guide will provide strategies and advice on how to get your finances in order and prepare for future success. ...

How to Navigate Christmas Payroll in New Zealand | Blue Wave Solutions

The holiday season is a busy time for businesses, and it can also be a confusing one when it comes to payroll. In New Zealand, there are special rules and regulations that you need to follow in order to ensure that your employees are properly compensated during this time. Here’s what you need to know about Christmas payroll in New Zealand. ...

How to Prepare Your Business for a Christmas Shut Down I Blue Wave Solutions

If you're a business owner, the holidays can be a stressful time. Not only do you have to worry about your own personal plans, but you also have to make sure that your business is prepared for any holiday shutdowns. While it's tempting to just let things ride and hope for the best, taking some time to plan ahead can save you a lot of headaches—and money—in the long run. Here are a few tips to help you get started....

Why use Lightspeed as your Hospitality POS Solution? | Blue Wave Solutions

In the hospitality industry, first impressions are everything. You only have one chance to make a good first impression with your customers, so you need to be sure that every aspect of your business is top-notch, from the food you serve to the service you provide. Your point of sale (POS) system is a critical part of providing good service, and choosing the right POS solution is essential to ensuring that your business runs smoothly. That's why we believe that Lightspeed Hospitality is the best ...

4 Reasons to Use a Chartered Accountant for Your Business | Blue Wave Solutions

As a business owner, you have a lot of hats to wear. You're responsible for sales, marketing, product development, customer service, and the list goes on. So, it's understandable if you don't have the time or bandwidth to keep your company's finances in order. That's where a chartered accountant comes in. A chartered accountant is a professional who provides financial services to businesses and individuals. Here are four reasons why you should use a chartered accountant for your business....

Why Xero is the Best Accounting Software for Business Owners | Blue Wave Solutions

As a business owner, you have a lot of balls to keep in the air. You're responsible for marketing, sales, customer service, product development, and more. The last thing you want to worry about is your accounting. But keeping on top of your finances is critical to the success of your business. That's where Xero comes in. Xero is the best accounting software for business owners because it automates many of the tedious tasks associated with bookkeeping, freeing up your time to focus on running you...

The Two Kinds of Bookkeeping | Blue Wave Solutions

You’ve heard the saying ‘there are two kinds of people in the world’, but have you heard there are two kinds of bookkeeping? Less of a saying, more like a fact. In this blog, we’re covering the two kinds of bookkeeping for your business and whether manual or computerised bookkeeping is the way to go. Let’s Define Bookkeeping Before we explore the two systems at your disposal, let’s take a moment to define bookkeeping. Bookkeeping is the recording of a company’s financial transacti...

4 Best Bookkeeping Tools for Small Business | Blue Wave Solutions

By using the right tools, a Bookkeeper will support their client/employer in building their business by being the best they can be.  Anybody can be a ‘Fool with a Tool’ – be the Bookkeeper who strives to be the best.  Move to Business Automation with confidence....

Do Small Businesses Need Bookkeeping? | Blue Wave Solutions

The short answer is 'yes'.  With strong, professional bookkeeping processes a business is able to make financially viable buisness decisions, be tax compliant, increase cash flow and get the most value from their accountant....