A little planning now helps you stay in control and step into the next quarter with clarity and confidence.

1. Set a holiday budget. Plan ahead for extra expenses like team gifts, bonuses or marketing promotions. A clear budget helps you stay festive without overspending.

2. Track your cash flow closely. Holiday spending can throw off your cash flow. Keep an eye on what’s coming in and going out to avoid surprises during slower weeks.

3. Take advantage of deductions. Employee gifts, holiday parties, business meals and business events may be deductible just keep receipts and make sure they’re business-related.

4. Review outstanding invoices. Follow up on unpaid invoices before the holidays. Getting those payments in now can boost your cash flow.

5. Manage your inventory. Take stock of what you have, what’s selling fast and what’s not moving. This helps you avoid overordering and plan smart going forward.

6. Plan for vacation coverage. If you or your team are taking time off, make sure schedules and responsibilities are clear. A little planning ensures your business runs smoothly while everyone enjoys a well-deserved break.

7. Work closely with your bookkeeper or accountant. Your bookkeeper can help you tidy up your records, capture deductions correctly and stay compliant heading into the second half of the financial year.

8. Get ahead on tax planning. Do not wait until things get busy again. A quick financial check in now can help minimise stress later.

If you would like help staying on top of your records through the holiday season, we can guide you so you feel organised, compliant, and in control.