News and resources - Trendsight
Construction
Why do you need specialised construction industry bookkeepers?
Are you a construction business owner struggling to keep your finances in order? Tired of spending hours sifting through financial records and dealing with bookkeeping tasks? If yes, you are not alone. Many construction…
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Featured
11 small business bookkeeping mistakes you should avoid
Even the most minor bookkeeping mistakes can end up costing small business owners a fortune and jeopardising their company’s financial position. One of the biggest misconceptions that small business owners can have is to assume…
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Featured
Grants available for small businesses
There’s some good news for all budding entrepreneurs and business owners in Australia; a number of government grants are now available to help you upkeep your business goals and projects towards reaching your best…
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Directors of organisations must apply now for their director ID
All directors of corporations, registered Australian bodies, registered foreign entities, and corporations owned by Aboriginal and Torres Strait Islanders identities must now have director IDs. The purpose of a director ID is to stop…
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A guide on the need for project trust accounts: Queensland contracts in 2022
The need for project trust accounts has risen since 1st January, 2022, as a few private sectors and government contracts in Queensland have been valued at $10 million or more! Quick Overview:  Since 1st…
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Invoice fraud: How it works and five ways to prevent it
The term ‘fraud’ frightens even the most seasoned business professionals. According to the ACCC, average invoice fraud losses in Australia are more than five times greater than average losses in the same period last…
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Profitability
How to grow a construction business
Growing a construction business is an opportunity to increase your capabilities and your profits. The sky’s the limit when you grow with scale, but getting started can be the hardest part. Before we share…
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Featured
The 9 best apps for construction companies
Make life easier: Apps for construction companies  Software and apps can make a huge difference to the running of a construction business by improving efficiency and reducing costs. There are plenty of software platforms…
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Profitability
3 numbers you need to pay attention to in your business
When numbers are not your forte, reading financial statements can be overwhelming. However, it’s important not to shy away from this critical part of owning and running a business. Bad accounting is one of…
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Payroll
Hiring an employee for the first time?
Hiring an employee for the first time is an exciting time for any developing business. Here’s a comprehensive guide and a list of resources to help with this process. Contractor or employee? It is…
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Profitability
4 reasons to outsource bookkeeping
Make life easier: Outsource bookkeeping. Having accurate books is important because your the data in books is relied on for decision making. Bookkeeping is often handled by someone without accounting experience which can lead…
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Profitability
KPIs and metrics, what are they and should I care?
What are KPIs? KPI Stands for Key Performance Indicators. They are designed to help assess whether a business is on track to meeting its objectives. KPIs can be financial such as growth in revenue…
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