Experts Accounting Tips

 Hi all, I had worked on building a financial plan for my business when I began my operations. Since it was a new business, I had no idea about how much sales it would achieve, but I tool arbitrary numbers into account. I also created financial goals for the business and started using them as my destination. However, within few months I realised that it was all futile because my projections and plan were not appropriate. I had not taken any data into consideration and did not set realistic goals. It backfired and we lost track of everything. Finally, a bookkeeper came on board to help us. Here is an article that will tell you all about financial planning in the right way.  https://www.agibookkeeping.com.au/how-to-build-a-financial-plan-for-your-small-business/

 A $50 million equity raise is behind the launch of regional hotel property portfolio manager Harvest Hotel’s latest fund which is looking to buy up large format pubs in suburban Adelaide. The fund - Harvest Hotel’s third - will launch tomorrow, and marks the company’s expansion out of regional New South Wales and into the South Australian pub market. Founded in 2014 by publicans Chris Cornforth and Fraser Haughton, Harvest Hotels operates $182 million worth of regional pub assets in NSW via Harvest Pub Funds 1 and 2. Read More: https://www.businessnewsaustralia.com/articles/harvest-hotels-launches--50m-fund-to-buy-south-australian-pubs.html

 In a bid to bolster its fintech offering, online property exchange platform PEXA (ASX: PXA) has announced it is purchasing a 25 per cent stake in artificial intelligence (AI) software company Elula for an undisclosed amount today. The investment by PEXA Insights is expected to provide a “more holistic view of critical lending and refinance consumer behaviour” for the platform, which helps settle more than 20,000 property sales a week.   The move comes three months after PEXA agreed to purchase a 38 per cent stake in Australian proptech Landchecker and marks the company’s second strategic investment to date. Read More: https://www.businessnewsaustralia.com/articles/pexa-purchases-25-per-cent-stake-in-ai-fintech-company-elula.html

 Melbourne-based e-waste recycling company Scipher has received a $7.5 million investment from the Australian Business Growth Fund (ABGF), as it looks to expand its “urban mining” capabilities and capture more of a market estimated to be worth $112 billion by 2030. This was matched by another $7.5 million investment from the Clean Energy Finance Corporation (CEFC), with the funds to enable Scipher to invest in innovative and advanced technologies to improve its raw material and commodity recovery capability, and add Western Australia-based Total Green Recycling to the group. Scipher also plans on expanding its operations beyond Melbourne and into Sydney and regional locations across Australia post-investment. Read More: https://www.businessnewsaustralia.com/articles/e-waste-recycling-business-scipher-receives--15-million-to-fund--urban-mining--activities.html

 Hello there, I own a small business that has been performing well but things were a bit different a few years back. We had to face a considerable loss because one of our trusted employees was performing fraud. We did not get to know until he had embezzled a lot of money and it was showing clearly in the bank accounts. When we saw that many cheques had been issued to unknown bank accounts, we realised the problem. It happened because we were not using a centralised accounting system. I realised my mistake and made it a point to hire a professional for bookkeeping. To stay away from such challenges, I recommend reading the article shared below.  https://www.agibookkeeping.com.au/how-to-prevent-small-business-frauds/

 With ambitious aspirations to transform Melbourne’s north, La Trobe University has agreed to partner with developer Plenary to build its $5 billion University City of the Future Plan project. Refreshing original plans to revive the university's 235-hectare Bundoora campus, the project is expected to create more than 20,000 new jobs and include education facilities for 40,000-plus students, as well as generating 3,000 jobs per annum in construction. Planners forecast the development will bring in $3.5 billion to the local economy over 10 years.  The master development partner agreement rekindles the university's relationship with Plenary, which delivered La Trobe’s $288 million AgriBio, Centre for AgriBioscience development in 2013. Read More: https://www.businessnewsaustralia.com/articles/la-trobe-partners-with-developer-plenary-on-5-billion-university-city-of-the-future.html

 A Sydney-based grocery delivery app that promised 46,000 users their orders in under 10 minutes has gone into voluntary administration after launching eight months ago. Employing 300 staff, SEND’s delivery network operated in 52 suburbs across Melbourne and Sydney, which involved the use of dark warehouses to stock and pack orders quickly. Administrators Matthew Kucianski and Matthew Jess from Brisbane-based insolvency firm Worrells have been appointed to SEND and will investigate the company’s options. Before their appointment, discussions of a potential sale, merger or takeover had already commenced. Read More: https://www.businessnewsaustralia.com/articles/on-demand-grocery-delivery-app-send-goes-into-voluntary-administration.html

 A Melbourne-based startup helping apartment dwellers combat parcel theft is on track to grow its team and network after raising $1 million in a pre-seed round. One Key Access received backing from Antler – which also made an initial investment - in addition to LaunchVic’s Alice Anderson Fund and angel investors. Speaking with Business News Australia, One Key Access co-founder and CEO Chanel Costabir says the capital will be used to hire more staff, accelerate product development and expand into other states. Read More: https://www.businessnewsaustralia.com/articles/last-mile-logistics-gets-a-boost-as-one-key-access-tech-takes-on-parcel-theft-problem.html