💰 Tips, Tricks & Trends to Keep Your Finances Flourishing!✨
Welcome to the second edition of On The Ledge, the Ledger Legends Newsletter, your goto source for smart financial insights. Whether you’re a small business owner or managing your finances, we’re here to help you simplify bookkeeping and maximise success!
Spring clean your finances
Tip of the month
Do a spring balance refresh:
- Pull a fresh trial balance, scan for odd balances (negatives where they shouldn’t be), and flag anything to clarify before it snowballs.
Trick to try
- Create “rules” once, save hours weekly:
- In your bank feed, set rules for recurring vendors so coding is automatic.
- Add memo keywords like “subscription,” “freight,” or “refund” to standardise categories.
- Use bank feed matching to link receipts from your email automatically.
Trend watch
Receipt capture goes touchless:
- Modern apps auto-read totals, GST, and dates from photos and PDFs, cutting manual entry and audit risk. If you’re still filing paper, you’re spending double-time.
Data cleanup:
- Merge duplicate contacts.
Aged receivables:
- Chase 30+ day invoices with a friendly script.
Subscriptions:
- Cancel tools you haven’t used in 90 days.
Cash buffer:
- Aim for 4–6 weeks of expenses in reserve.
Need help setting up rules and receipt capture? We’ll configure it and train your team.
🚀 Ledger Legends Shoutout!
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💌 Need expert bookkeeping support?
Contact us anytime: admin@ledgerlegends.biz