💰 Tips, Tricks & Trends to Keep Your Finances Flourishing!✨
Welcome to a fresh new financial year and a clean slate to set stronger goals, streamline systems, and strengthen your financial future. Whether you’re looking to sharpen your business tools, automate more of your workflow, or simply start on the right foot, we’re here to guide you every step of the way.
🔁 Last Quarter Highlights (April–June 2025)
Here’s what we’ve covered so far in On The Ledge in case you missed it or need a quick refresher:
📌 April – Smarter Bookkeeping With AI
• AI-driven tools can automate tasks like expense tracking and invoice management
• Weekly account reconciliation = fewer errors and stronger financial clarity
• Separate business and personal finances to simplify tax time
📌 May – Everyday Money Management
• Use the 50/30/20 rule to balance lifestyle and savings
• Try “No-Spend Challenges” or audit unused subscriptions for quick wins
• Explore AI-powered budgeting apps like Cleo, Copilot, and Emma
• BNPL options (like Afterpay) can help, but only with discipline
📌 June – EOFY Prep & Industry Trends
• Automation tips for smarter workflows (bank feeds, recurring invoicing)
• New ATO BAS compliance requirements: stay accurate, avoid penalties
• Xero spotlight: boost efficiency and cut down manual input
• Tax key dates and checklist shared to minimise EOFY stress
🔄 Start Strong: New Financial Year Reset
🎯 Time to review, reflect, and realign. Ask yourself:
• What worked well financially last year?
• What tripped you up?
• What 3 new habits can improve your 2025–26 outcomes?
📌 Pro Tip: Schedule quarterly financial check-ins to track your goals and avoid surprises.
✅ Must-Have Financial Calendar
🗓️ Q1 BAS Lodgment Opens – 1 July
🗓️ Super Contributions Deadline – 28 July
🗓️ Tax Return Window Opens – 1 July
🗓️ PAYG Instalments Due – 28 August
💡 Set reminders now to stay one step ahead.
💡 Ledger Legends Smart Moves
• Refresh Your Budget: Adjust for inflation, changes in cash flow, or new revenue streams.
• Audit Subscriptions & Services: Cut what no longer serves your goals.
• Streamline Your Tools: Are your current platforms still the best fit? Consider Xero, Dext, or Fathom for FY25.
• Clean Your Chart of Accounts: Archive unused accounts and categories for clarity.
🧰 EOFY Toolkit Essentials
✅ Reconcile all bank, credit card, and payment platform accounts
✅ Review and categorise business expenses
✅ Export and archive income and expense reports
✅ Store digital receipts in secure cloud storage (e.g., OneDrive, Dropbox)
✅ Book in a meeting with your accountant/tax advisor early
📈 Trends to Watch in FY25–26
🔹 AI-Driven Forecasting Tools: Platforms like Futrli and Calxa help predict cash flow trends with surprising precision.
🔹 ESG Finance Tracking: Sustainable finance is expanding—track ESG metrics alongside profit/loss.
🔹 Client Portals Are In: Accountants are moving client collaboration online with secure portals and real-time dashboards.
🔹 Digital-First Tax Prep: Expect faster, digital-first services in line with ATO e-invoicing rollouts and compliance shifts.
🚀 Ledger Legends Shoutout!
We’re thrilled to serve our community with top notch bookkeeping solutions. Connect with us across social media:
💌 Need expert bookkeeping support?
Contact us anytime: admin@ledgerlegends.biz