Introducing Sole’s comprehensive guide, designed to support both seasoned entrepreneurs and new business owners across Australia in staying on top of their business management and finances. We understand the practical challenges of running a business in Australia, which is why our guide is tailored to provide the support, resources, and reminders you need to stay on track.
Our guide serves as a practical resource for Australian entrepreneurs. The digital version includes interactive links and elements, making navigation simple and engaging.
Use the guide to:
- Help set up your Sole account and store your details for easy accessibility.
- Learn about financial processes, accounting terminology, and acronyms to help you navigate new business-related complexities with ease.
- Stay organised and track deadlines.
- Design Specific, Measurable, Achievable, and Time-bound (S.M.A.R.T) goals, using the ‘general concepts’ outlined in the guide.
- Track your habits and progress to ensure you achieve your personalised business and/or individual goals.
Furthermore, this guide includes well-being resources and strategies, as we believe that to achieve success in the world of business and finances, you require a balanced work/life and growth mindset. Read through and complete our well-being checklist monthly to facilitate opportunities for personal reflection and growth.
We look forward to working closely with you and helping your business reach new heights.
You can download the guide below to use virtually (any PDF editor will work) or print in any size if you prefer.
Frequently asked questions
- Specific: Instead of “make more money,” try “acquire 3 new monthly retainer clients.”
- Measurable: Use your Sole reports to track the dollar increase.
- Achievable: Is this realistic given your current billable hours?
- Relevant: Does this goal actually improve your life or just your workload?
- Time-bound: Set a deadline (e.g., “by the end of Quarter 3”).
- Quarterly BAS: Due Oct 28, Feb 28, Apr 28, and July 28.
- EOFY (End of Financial Year): June 30.
- Income Tax Returns: Usually Oct 31 (unless using an agent).
How can this guide help with accounting jargon?
We’ve included a “Finance-to-Plain-English” glossary. It breaks down common Australian acronyms like ABN, GST, PAYG, and BAS so you can talk to your accountant with confidence and understand your Sole dashboard at a glance.
What is the best way to use the S.M.A.R.T. goal framework?
The guide walks you through setting goals that aren’t just “wishes.”
Why is a “Wellbeing Checklist” included in a business guide?
Because you are the most important asset in your business. High stress and burnout lead to poor financial decisions. Our monthly checklist helps you spot signs of “founder fatigue” early—like missing deadlines or feeling withdrawn—and provides strategies to reset.
Can I use the digital guide on my phone or tablet?
Yes. The digital version is fully interactive. You can click the links to jump straight into your Sole account setup or external Australian Government resources. It is compatible with any standard PDF editor, so you can type your goals and reflections directly into the document.
What specific Australian deadlines should I be tracking?
The guide includes a calendar for the major “Big Rocks” of the Australian tax year: