http://www.balancedledgers.co.nz/blog/ The latest Blog feeds from www.balancedledgers.co.nz en-us Wed, 15 Apr 2026 19:37:23 +1200 Rocketspark http://www.balancedledgers.co.nz/blog/post/142325/how-to-prepare-for-the-end-of-financial-year/ The end of the financial year (EOFY) can be a hectic time for many businesses across New Zealand. The financial year runs from 1 April to 31 March, and this period is when businesses need to ensure their accounts are up to date and their tax information is ready to file with Inland Revenue. ... Thu, 12 Mar 2026 00:00:00 +1300 http://www.balancedledgers.co.nz/blog/#post142325 http://www.balancedledgers.co.nz/blog/post/159421/financial-year-2026--2027-key-dates-for-your-calendar/ Running a business is hard enough — remembering every tax and bookkeeping deadline shouldn’t be.... Wed, 25 Feb 2026 00:00:00 +1300 http://www.balancedledgers.co.nz/blog/#post159421 http://www.balancedledgers.co.nz/blog/post/138746/number-one-reason-small-businesses-fail/ The number one reason for small business failure in New Zealand is a lack of cash flow. Not having enough money to pay your bills is sure to lead to service interruptions, late fees and interest, damaged relationships, and potentially legal action and insolvency. These issues are often the result of a lack of financial planning. January is often the worst time of year for businesses to get paid. Only 38% of small businesses report being cash flow... Mon, 19 Jan 2026 00:00:00 +1300 http://www.balancedledgers.co.nz/blog/#post138746 http://www.balancedledgers.co.nz/blog/post/158360/how-to-automate-invoicing-and-expenses-for-small-businesses/ Let’s face it, we are all looking for ways to save time and energy on the admin jobs we don’t enjoy. For small business owners, that likely includes your bookkeeping or accounting admin. Automating invoicing and expense tracking is a sure way to save time, improve cash flow, limit mistakes, and get paid on time. It makes sense to automate these processes, and with the right tools and setup, it’s an easy way to reduce the stress that co... Tue, 23 Dec 2025 20:18:26 +1300 http://www.balancedledgers.co.nz/blog/#post158360 http://www.balancedledgers.co.nz/blog/post/156547/how-to-get-started-with-xero/ Often, new business owners hear about Xero, sign up for a subscription, but Xero just sits there, unused, because they’re not sure how to use it. Getting started with Xero can feel a little intimidating if you’ve never used accounting software before, but once you’re all set up, it’ll completely change the way you manage your business finances. Here’s a simple step-by-step guide to getting set up and using Xero so you can start managing your books like a pro. Once you’re up and runni... Tue, 25 Nov 2025 11:55:14 +1300 http://www.balancedledgers.co.nz/blog/#post156547 http://www.balancedledgers.co.nz/blog/post/154577/should-i-hire-a-bookkeeper-or-do-it-myself/ There’s a simple way to decide if you should hire a bookkeeper or do it yourself.You should DIY if: Your financials are simple, you have the time, and you can afford it (but remember, cost is more than just money).You should hire a bookkeeper: If your business is growing, your financials are becoming more complex, and you can afford it. You might be struggling to keep up with taxes and payroll, or you don’t fully understand what you need to pay or what expenses you can claim. The number... Tue, 21 Oct 2025 11:45:34 +1300 http://www.balancedledgers.co.nz/blog/#post154577 http://www.balancedledgers.co.nz/blog/post/133431/do-you-owe-ird-money/ What happens if you don’t pay your taxes in New Zealand? If you don’t complete your tax return or file on time IRD can issue penalties. The penalities apply to late filing and payments, shortfalls and criminal activities and can range from $50 to a prison sentence.It’s tough out there. Many New Zealand companies are in financial distress. The Warehouse Group has reported another year of financial loss. The IRD has reported that $1.4 billion is owing from the 2025 tax year. There’s still ... Mon, 06 Oct 2025 00:00:00 +1300 http://www.balancedledgers.co.nz/blog/#post133431 http://www.balancedledgers.co.nz/blog/post/127896/should-i-hire-a-bookkeeper-or-an-accountant/ In the world of business, there’s often the misconception that accountants and bookkeepers are the same thing. But while many accounting and bookkeeping job responsibilities overlap and both can provide financial advice, there are key differences between the roles.Traditionally, a bookkeeper handles the day-to-day financial transactions of your business (like recording financial payments and processing payroll), while an accountant looks at the bigger picture and provides strategic advice.In t... Mon, 22 Sep 2025 00:00:00 +1200 http://www.balancedledgers.co.nz/blog/#post127896 http://www.balancedledgers.co.nz/blog/post/152566/how-much-do-bookkeepers-cost/ If you’re a business owner in New Zealand, you’ve probably wondered: how much should I expect to pay for a bookkeeper? The truth is, it varies, depending on your business’s size, complexity, the services you need, and the bookkeeper’s experience. Here’s a breakdown to help you understand what to expect and how to get the best value.... Wed, 10 Sep 2025 00:00:00 +1200 http://www.balancedledgers.co.nz/blog/#post152566 http://www.balancedledgers.co.nz/blog/post/151029/is-your-business-in-financial-trouble-heres-what-to-do/ The current NZ economy is cause all kinds of financial stress, and many New Zealand business owners are finding themselves facing serious financial trouble. Recently, RNZ reported that New Zealand businesses owe over $1.4 billion in unpaid GST and PAYE debt from the 2025 tax year, with $48 million unpaid from 2018.Construction, rental, hiring, real estate, and electricity, gas, water and waste companies were reported to have the most outstanding debt.That’s a staggering amount! But honestly, i... Mon, 25 Aug 2025 14:01:15 +1200 http://www.balancedledgers.co.nz/blog/#post151029