Bizwize Business Solutions

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Bizwize Business Solutions Better Business with Better Bookkeeping & Admin Support | MYOB, Xero, QBO, Workflow Max, Deputy, Dext-R

Accounts Receivable (A/R) is money customers owe your business for products or services you’ve already provided.Accounts...
22/10/2026

Accounts Receivable (A/R) is money customers owe your business for products or services you’ve already provided.

Accounts Payable (A/P) is money your business owes vendors and suppliers for bills you haven’t paid yet.

Why should you pay attention to both?

Because overdue invoices can hurt your cash flow, while unpaid bills can lead to late fees and strained vendor relationships.

Review your A/R and A/P regularly so you know what needs to be collected and what needs to be paid.

Save this post for later and follow our page for more bookkeeping, financial, and smart business tips to help you grow your business.



Catch-up and clean-up bookkeeping may sound similar but they solve different problems.You need catch-up bookkeeping if y...
20/10/2026

Catch-up and clean-up bookkeeping may sound similar but they solve different problems.

You need catch-up bookkeeping if your books are behind and transactions haven’t been recorded for several months or longer.

Catch-up bookkeeping can include:
- Entering missing transactions
- Catching up bank and credit card accounts
- Bringing your books completely up to date

You need clean-up bookkeeping if your transactions have been recorded but your books contain errors or inaccurate balances.

Clean-up bookkeeping can include:
- Fixing miscategorised transactions
- Reconciling accounts
- Correcting balances and bookkeeping errors

And sometimes, your books need both a catch-up and a clean-up.

Not sure what your books need?

Book a call using the link in our profile or comment “books” below to learn more about our services.



Not all business expenses are treated the same!Some are everyday costs of running your business, while others are purcha...
19/10/2026

Not all business expenses are treated the same!

Some are everyday costs of running your business, while others are purchases that provide value over a longer period of time.

Knowing the difference matters because how an expense is recorded can affect your financial reports and tax liability.

Not sure your expenses are being recorded correctly? That’s where we can help!

Book a call using the link in our profile or comment “books” below to learn more about our services.



Happy Spreadsheet Day!Today is Spreadsheet Day, so of course we have to celebrate one of our favourite business tools!An...
17/10/2026

Happy Spreadsheet Day!

Today is Spreadsheet Day, so of course we have to celebrate one of our favourite business tools!

And if you own a business, chances are you have at least ONE spreadsheet you couldn’t live without!?

Do you love spreadsheets or do spreadsheets stress you out?



Happy Boss’s Day!Being the boss means wearing a LOT of hats, making the decisions, solving the problems and somehow keep...
16/10/2026

Happy Boss’s Day!

Being the boss means wearing a LOT of hats, making the decisions, solving the problems and somehow keeping everything moving.

So today, give yourself some credit. You’re doing the thing!

What’s your favourite thing about being your own boss? Tell us below!



Q2 can get expensive fast, especially with holiday costs coming up.Forecasting now can help you avoid cash flow surprise...
15/10/2026

Q2 can get expensive fast, especially with holiday costs coming up.

Forecasting now can help you avoid cash flow surprises later.

Here are four numbers every business owner should be looking ahead at this quarter.

Found this helpful? Follow our page for more bookkeeping, financial and smart business tips to help you grow your business.



You should start paying attention to your cash flow now, NOT when you’re struggling to cover expenses.Here are the money...
14/10/2026

You should start paying attention to your cash flow now, NOT when you’re struggling to cover expenses.

Here are the money conversations you should be having with yourself, your CFO or your bookkeeper:

- How much cash is actually coming in each month?

- What large expenses are coming up?

- How much is sitting in unpaid invoices?

- Can we comfortably cover payroll, taxes and other bills?

- Which expenses are increasing?

- Do we have enough cash set aside for slower months?

- What does our cash flow look like for the next 30, 60 and 90 days?

Good cash flow management starts with knowing what’s coming before it happens.

Need help keeping your books accurate so you can make better financial decisions?

Book a call using the link in our profile or comment “books” below to learn more about our services.



Don’t just run your reports. Take a few minutes to actually review them!Here are the financial reports you should be rev...
13/10/2026

Don’t just run your reports. Take a few minutes to actually review them!

Here are the financial reports you should be reviewing regularly.

Your reports can tell you a lot about your business but only if your bookkeeping is accurate and up to date.

Need help keeping your books and financial reports accurate?

Book a call using the link in our profile or comment “books” below to learn more about our services.




Q1 is over. Here are some important things to review in Q2.Follow our page for more bookkeeping, financial and smart bus...
12/10/2026

Q1 is over. Here are some important things to review in Q2.

Follow our page for more bookkeeping, financial and smart business tips to help you grow your business.

And save this post for later!



Running a business can come with a lot of pressure, long days, difficult decisions and a never-ending to-do list.Today, ...
10/10/2026

Running a business can come with a lot of pressure, long days, difficult decisions and a never-ending to-do list.

Today, give yourself permission to:

- Take a break
- Set boundaries
- Ask for help
- Delegate something off your plate
- Make time for yourself outside of work

What’s one thing you do to protect your mental health while running a business? Share it below.





Address

Level 2, 5 Davidson Terrace
Joondalup, WA
6027

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+61414750674

Website

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