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7 Ways Technology Has Changed Small Business Bookkeeping

Thursday, 15 Apr 2021

The digital age has revolutionised the entire world. From faster communication to global reach, technological advancements have transformed the way we function. While business activities have been revamped, small business bookkeeping has reached the next level. With the help of …

Steps to Building a Business Emergency Fund

Monday, 5 Apr 2021

The COVID-19 pandemic made all the entrepreneurs take a step back and consider the repercussions of the crisis carefully. It made even the biggest conglomerates in Melbourne take a blow while the small businesses struggled to stay a float. As …

7 Small Business Bookkeeping Tips For Entrepreneurs

Tuesday, 30 Mar 2021

Financial management is the most significant aspect of running a business successfully. Most small businesses in Melbourne fail in their infancy because of inadequate capital, which is a direct result of haphazard bookkeeping. It is easier to manage cash flow, …

Why Are Business Credit Reports Important?

Monday, 15 Mar 2021

The credit report is avital document that informs about the creditworthiness of the entity to the moneylenders and financial institutions. It helps the lending party decide whether they will be able to retrieve the payback instalments or not. The credit …

Difference Between Periodic And Perpetual Inventory System

Tuesday, 23 Feb 2021

Inventory is a pre-requisite for any business in Melbourne selling goods and finished products. Management of the stock is a vital part of the bookkeeper’s job profile as it involves placing orders for fresh materials, getting them stored securely, and …

How Much Time Do Small Business Owners Spend On Bookkeeping?

Friday, 12 Feb 2021

Small business owners in Melbourne have to wear many hats while running their ventures. From conducted sales pitches and organisational management to paying taxes and payroll management, they have to carry out a plethora of functions. Although most of them …

10 Business Financial Terms You Need to Know

Thursday, 4 Feb 2021

Business owners may be great leaders but taking stock of the books may not come easily to them. They may have a fair knowledge of how the entity can be made profitable, but it is not enough for an entrepreneur. …

Concessions To Reduce Your Tax Bill In Australia: Complete Guide

Wednesday, 27 Jan 2021

Small business owners are always on the lookout for ways of reducing their expenses. However, they often end up paying much more than what is required because of lack of knowledge of the tax laws. The tax bills form a …

7 Bookkeeping Tips for Small Businesses

Tuesday, 12 Jan 2021

Every small business owner is committed to acquiring new customers and scaling up in the future. However, both short-term and long-term objectives are challenging to accomplish without a stable financial system backing the organisation. A professional bookkeeper in Melbourne helps …

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