Blackwood Advisory

Blackwood Advisory We are locals, backing locals. We work with what you have to make the most of it.

28/05/2026

Lake days in Bendigo hit different — and so does rolling into the weekend backed by locals who back you. Your local financial experts, supporting regional Victoria one smart decision at a time. Let’s make it a good one.

12/05/2026

Balance Sheet vs. Profit & Loss: What’s the difference?

👉 Profit & Loss Statement: Tracks performance over time—how much you’re making vs. spending. Use it to answer:

Is my revenue growing or shrinking?
Are my expenses under control?
👉 Balance Sheet: A snapshot of your financial position—what you own, what you owe, and your net worth (equity).

Using both together provides critical insights and helps you avoid financial surprises.

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05/05/2026

Your Profit & Loss statement shows what’s happening, but your balance sheet answers why. Here’s what to focus on:
👉 Cash assets: What’s in the bank and your liquid assets.
👉 Accounts receivable: Are invoices being paid on time? A high balance might mean it’s time to chase overdue invoices or improve payment terms.
👉 Director’s loan: How much are you taking out of the business? Overdrawing can put your business under financial strain.

By breaking down these areas, you’ll gain a full understanding of your business’s financial health.

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29/04/2026

Does your business have a financial buffer?

Here’s why cash reserves matter: Aim for 3 months’ worth of expenses in savings.
👉 Calculate your monthly expenses, multiply by 3, and stash that amount in a separate bank account (ideally at a different bank to make it less tempting to touch).
👉 Use your reserves wisely—for taxes, growth, or emergencies.

Building a buffer isn’t just about stability—it’s about creating opportunities for your business to thrive.

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On ANZAC Day, we honour the courage, service and sacrifice of Australia’s servicemen and women, and recognise the lastin...
24/04/2026

On ANZAC Day, we honour the courage, service and sacrifice of Australia’s servicemen and women, and recognise the lasting contribution of veterans within our regional Victorian communities.

From all of us at Blackwood Advisory — Lest we forget.

💐 MOTHER’S DAY GIVEAWAY 💐We’re giving away a beautiful hamper to celebrate all the amazing Mums out there 🤍Inside the ha...
24/04/2026

💐 MOTHER’S DAY GIVEAWAY 💐

We’re giving away a beautiful hamper to celebrate all the amazing Mums out there 🤍

Inside the hamper:
✨ $50 voucher (usable across multiple stores)
✨ Sweet treats like chocolates
✨ A few extra goodies to help Mum relax and feel appreciated

Know a Mum who deserves this? Or maybe it’s you 👀

How to enter:
✔ Like our Facebook & Instagram page
✔ Like this post
✔ Tag a Mum (1 tag = 1 entry – tag as many as you like!)

Winner will be drawn on Monday, May 4 🎉

Local winner can collect from our office, otherwise we’ll post it out 📦

Let’s make a Mum’s day extra special 💝

23/04/2026

Thinking about transferring money from your business to personal account?

Here’s what you need to know:
👉 For sole traders, it’s considered owner’s drawings, but don’t overdraw—it could hurt your business’s sustainability.
👉 Every situation is unique. Your structure and personal tax circumstances play a big role.
👉 The key is consistency and ensuring your business can support the cash flow.

Talk to your accountant to make informed decisions and keep your business thriving.

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21/04/2026

What’s holding your business back?

Here’s the truth: Scaling isn’t just about freeing up your time—it’s about using that time to build something bigger.

👉 Avoid the trap of delegating tasks only to waste your newfound freedom. Plan for how you’ll use that time to grow.
👉 Revisit your beliefs, skills, and habits. What served you before might not serve your business now.
👉 Growth happens outside your comfort zone. Challenge yourself, and watch your capabilities expand.

Don’t just grow your business—grow yourself as a business owner.

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Address

43 Williamson Street
Bendigo, VIC
3550

Telephone

+611300609590

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