We all make mistakes - the small, itty bitty ones have no real impact on our lives but other mistakes can be life changing. With many businesses still reeling from COVID, there are mistakes people made in the past 12 months that will continue to have a ripple effect long past the pandemic. If you want to avoid these mistakes and how to recognise you are making them, read on.

Our case study about how Adrienne used the principles of Mike Michalowicz’s book, Profit First, really showed how cashflow is king. By following the recommendations of the book, Adrienne transformed her cashflow and made it through COVID. If you are wondering how to improve yours and not quite sure you have the time to read the book, here is my review of Profit First. The essence of the book comes down to 4 profit-management principles…

Accounting Heart celebrates its third birthday this month. So, I have used the occasion to reflect on my expectations versus the reality of starting my own business, the highs, the lows, my fears, the people I’ve met, the constant evolution and the things I have learned along the way.

One of the things we love to do at Accounting Heart is to champion financial confidence and one of the ways we do this is by having quarterly catchups to talk all things numbers…profit & loss, balance sheet, break-even, budgets, cashflow, long term forecasts, tax etc. Sounds like fun, I know ?. In recently preparing for one of these catchups I opened up our client’s Xero file to find a very different set of numbers to what I was expecting, and the colour drained from my face.

Up until the time I left home for university I played loads of sport and was rather skinny. From then until I was 25 I kept my slender figure, but was starting to feel the effects of spending too much time sitting at a desk in the form of neck and shoulder pain. From 25 to my early 30’s it was all down hill. I had put on a lot of weight, was in chronic pain and couldn’t even walk up a short steep hill without stopping for breath. Crunch time when my husband and I were watching Season 2 of The Biggest Loser. After watching this we made a conscious decision that we wanted to live a healthier life, so we booked ourselves in for a 7-day health retreat that changed our lives.

The super gender gap. The ‘glass ceiling’. No doubt you’ve heard of them – the media often reminds us of the fact women are not earning equal pay for equal work. It’s also a fact that women generally take more time off from full or part-time work to care for children or elderly parents. It all adds up to a financial future that’s anything but certain. As a result, we women need to be super savvy in how we handle our finances.