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Business Startups

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We Love Business Startups - You have Passion and Drive!

Here Are Your Top Tips From Your Startup Accounting Specialist

As a business start up specialist we have the accounting, bookkeeping & business skills to help your Small Business Startup grow & thrive in today’s market. As you can tell at QC Accountants Gold Coast, being 1 of the best Gold Coast accounting firms, we are passionate about helping Startups, which is why we offer a free consultation for all StartUp accounting. Contact us on (07) 5593 6065 or schedule your free consultation direct today.

Here are 5 things we recommend every Small Business Startup should do in the initial stages:

Write a Business Plan

A good business plan can help you secure finance, define the direction of your business and create strategies to achieve your goals. It will challenge business owners to identify who the business’ customers, competitions, risks and opportunities are. All of which should assist you to navigate the short term, medium term & long term objectives.

We recommend using the simple template provided by the Federal Government of Australia. This file can be downloaded here.

Decide on what type of business structure is right for you

There are a number of structures that you can choose from when starting your business, each with different responsibilities and benefits. Choosing the right structure before your business is operational can save you a large amount of hassle and headaches – but don’t worry, we are here to help you, every step of the way.

Allow us to chat with you about which of these options is best suited to your business, your asset & personal needs.

Ensure you have the right government registrations

Depending on the type of business that you are operating & entity that you decide to operate out of, there are a number of different registrations that you may need to apply for. QC Accountants will advise you on the registrations that you may need & we will help you apply for these, where we can.

We can discuss this with you in our initial free consultation.

Setting up the correct business bank accounts

While it may seem simple, it is important to correctly separate your business and personal banking transactions. A good banking setup will assist you (and us) to easily keep track of how your business is performing. It also makes it easy for banks, ATO & us to identify what is personal & what is business related.

We can help you understand how your business & personal bank accounts work together and guide you how to go about it.

Decide how you are going to prepare your bookkeeping

As a business startup accountant allow us to assist you to decide how you are going to record your business income & expenses. If you need to use online accounting software like Xero or Quickbooks Online, or if a simple Microsoft Excel spreadsheet will do the job in the meantime.

If you need to record & pay employees, we can guide or train you how to setup and maintain your employee files.

Book an obligation-free consultation here.

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What Our Clients Say

Chris and the team have offered constant and ongoing advice and support as we’ve faced the challenges of a fast-growing business. QC Accountants have been able to keep up with us and guide us each step of the way. QC’s highly experienced and friendly staff have a deep understanding of our business’s unique needs and are an absolute pleasure to work with. I’d recommend QC to anyone as they’ve always been there offering excellent support whenever needed.

When purchasing our business Chris from QC Accountants provided a comprehensive due diligence report and this report was crucial in understanding the business we were purchasing. We then used this information to negotiate the purchase price. He also assisted with providing documentation to the bank to help secure our business loan. The past 18 months during COVID have been challenging, Chris’s ongoing support, help and advice has been priceless during this difficult period. QC Accountants took the stress away when applying for Job Keeper, cash-flow boost and Government grants. AC Fitouts is extremely happy with Chris and the team at QC Accountants. They are wonderful to work with and I would highly recommend their services. They are professional, knowledgeable, reliable and friendly.

QC Accountants has been of great assistance to my business in setting up and implementing an efficient accounting system which has permitted strategic decision making surrounding marketing, service expansion and investments. They have great communication, a friendly and down to earth team, and are transparent and always willing to assist or provide advice when needed. QC has an array of services which were tailored to our individual business needs, not to mention competitive pricing.

QC Accountants have been instrumental in the growth and streamlining of my business. They have assisted me with tax grants that I would have otherwise not known about or been unable to complete alone. The team at QCA are very responsive, friendly and patient. If I have a problem or question, they are onto it right away. I would recommend them to everyone because they are an honest and local business that you can trust.

QC Accountants were a shoulder to lean on in our early days, helping and guiding our business to meet all our regulatory and financial obligations. They kept their steady hand on the tiller, playing the role of Chief Financial Officer, from financial modelling, budgeting, bookkeeping, financial accounts preparation, board management accounts, liaising with our auditors - nothing was too much. This allowed us to focus on growing our business with their financial input which was invaluable! Their accessibility, their willingness to listen to our particular needs and coming up with a solution is first class. For any business out there that doesn't have the ability to have a dedicated Financial Director then appoint QC Accountants. They will get the job done and give you back the time to focus on what is important to you and your business.

QC Accountants have been a great foundation of knowledge and support for us as new business owners. I'm able to call or email anytime with the same day turnaround and there is always someone on hand to help navigate any issues within the business. There is never a problem too big or small! I would recommend QC Accountants because they are relatable, reliable and efficient. As a new business owner learning the ropes, it is really nice to be able to call and have someone teach me the process in how they solved an issue so I can learn along the way. I've always felt like there are no silly questions and we are all part of a team.