7 Signs It’s Time to Hire a Bookkeeper

by Sharon Casagrande | 10 Aug, 2021 | Bookkeeping, Uncategorized, Xero

So you’ve started a business and you’re focused on growing your sales and getting new customers.  You’re doing the bookwork  yourself, but as the business grows and you’re spending more time doing the books, and less time doing the work you ...

9 Reasons Why We Are So Passionate About Xero

by Sharon Casagrande | 1 Apr, 2021 | Accounting, Bookkeeping, Business Systems, Software, Xero

You may have heard a lot about Xero and wondered what all the fuss is about.  If you are new to Xero and want to find out more to decide whether it is right for you, read below. At Passion Business Advisors, we have been using Xero for a long time. We are a Xero...

What is an Outsourced CFO and do I need one?

by Sharon Casagrande | 26 Nov, 2020 | Accounting, Bookkeeping, Outsourced CFO

Have you ever wondered to yourself:  “I think my business is going well but how do I know where I can improve” “How can I increase sales?” “How can I improve cash flow” “I’d like to hire more staff to expand my business but don’t know if I have enough cash flow to do...

What Is Break-even?

by Sharon Casagrande | 16 Nov, 2020 | Accounting, Business, Tools

If you are a business owner, you have probably heard the term “break-even point” at some stage. But what does this actually mean and why is it so important?  In simple terms, break-even is the point at which your business has covered all fixed expenses and starts to...

5 Reasons Why A Budget Is So Important To Your Business

by Sharon Casagrande | 30 Sep, 2020 | Accounting, Budgets, Cash Flow

If the word budget scares you, and the thought of preparing a cash flow sounds boring to you, you are not alone.    And you might think, “Why should I work on a budget for the next 12 months when I don’t know what’s going to happen next week?”.  However, preparing a...