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Bank Australia open to serve our customers: As an essential service our branches and contact centre remain open to serve our customers with their banking needs during the COVID-19 pandemic. Please use the 'find us' function to view your nearest branch's current operating hours. You can still get in touch with us by phone on 132 888 from 8:00am to 8:00pm, Monday to Friday and 9:00am to 2:00pm Saturday. It may take us longer to answer your call as more customers choose to call rather than come into a branch so thanks in advance for your patience and please take care of yourselves. View details

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Business is pretty good. You want to keep the cash flow and profits healthy, move to larger premises, and employ some extra staff. Keeping to a budget will be essential to support your plans to expand.

There's some excellent information to assist with business budgeting at business.vic.gov.au/money-profit-and-accounting/financial-management-set-up/checklist-financial-management.

In business, if you have some goals in mind, the way to achieve them is with a budget. A budget is a simple financial plan to identify expenses and revenue. The key is knowing where your money goes each month, and understanding the difference between needs (like rent and wages) and wants (like the latest equipment or new web site).

Start a budget using a spreadsheet or use an accounting program like MYOB or XERO. Your budget should be realistic and flexible so you can stick to it, but adaptable if your business situation changes. Focusing on your budget keeps your business plan on track.

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