Franking Credits: Everything You Need To Know

Saturday, 14 Sep 2019

You might have come across the term franking credits, but never paid heed to its implications and utilisation. However, if you are running a business or planning to get into bookkeeping, then you must be aware of its significance. Franking …

Non-Profit Bookkeeping Basics: Understanding Taxes, Donations And More

Friday, 30 Aug 2019

Bookkeeping is an integral part of non-profit organisations, which allows them to manage their finances appropriately. As per the common perception, non-profits are altruistic entities that are working for the greater good of the society. However, it operates in the …

What Does A Bookkeeper Actually Do?

Thursday, 22 Aug 2019

Most people don’t know much about the role of a bookkeeper and often relate it to accounting. However, they are not accountants and have a different job profile altogether. If this has got you even more confused, then let us …

2019 Australia Small Business Tax Checklist

Wednesday, 14 Aug 2019

The mere mention of the word ‘tax’ makes business owners anxious as they are either not ready for filing their returns or are busy updating their books. This is the reason why most organisations rely on the best bookkeepers in …

What Non-Profit Accounting Software Will Work Best For Your Organisation?

Wednesday, 31 Jul 2019

Unlike the common perception, non-profits are similar to other businesses, and they too generate profits. The only difference is that these profits are not put into commercial use but are utilised for a social cause. Naturally, they also need to …

How Xero Makes You Think Differently About Accounting

Monday, 8 Jul 2019

Technological advancements have engulfed the entire world, and every domain is switching to digital platforms for better performance. Like all other fields, bookkeeping has been revolutionised with the evolution of cloud-based accounting, which has eliminated the tedious task of manual …

What Insight Can You Get From Your Profit And Loss Statement

Monday, 1 Jul 2019

If you have been running a business in Sydney, you must be well aware of the income statement or the profit and loss statement. As the name suggests, this document provides the details of the organisation’s expenses and sales over …

Bookkeeper Vs BAS Agent: What Is The Difference

Tuesday, 25 Jun 2019

Any job which is related to number crunching and finance management gets termed as accounting or bookkeeping by most people. However, we make a grave mistake by categorising accountants, bookkeepers, BAS agents and tax agents in the same league. They …

Which Is The Best Accounting Software For Non-Profits In Australia?

Wednesday, 19 Jun 2019

The humungous non-profit sector in Australia has come a long way. The number of not-for-profit organisations is increasing, and they are operating in diverse genres in cities like Melbourne. While many are seeking a foothold in the industry, others have …

Are You Ready For Single Touch Payroll?

Tuesday, 11 Jun 2019

You might have heard a lot about the Single Touch Payroll (STP) and may have even tried to solve the enigma. If it seemed a bit overwhelming, here is what you need to know. STP was introduced by the Australian …

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