What Is Start-up Capital?: Bookkeeping Basics

Tuesday, 9 Nov 2021

A start-up is a new venture launched by an entrepreneur with a lot of aspirations and desires for success. All new businesses in Melbourne need funds to get established and become recognised entities. The money needed to set up the …

What Are Retained Earnings & How To Calculate Them

Monday, 18 Oct 2021

Retained earnings are significant for accounting purposes, and bookkeepers maintain their records for businesses. It refers to the profits of the business accumulated over a period of time. However, many aspiring entrepreneurs are not aware of the term or do …

Do Small Businesses Need Bookkeeping?

Friday, 15 Oct 2021

Small businesses in Melbourne may not have too many transactions taking place every day, but they still need to manage their finances. Suppose a big project comes their way, or they invest in new equipment. In that case, they must …

Why Small Businesses Need Financial Audits

Monday, 11 Oct 2021

Small business owners often consider auditing to be an expensive and redundant pursuit. Many believe that it is required by those who fall in the regulatory requirements category or those who own very large businesses. However, these are misconceptions that bookkeepers …

What is Net Cash Flow and How It Is Used

Monday, 4 Oct 2021

Cash is the most valuable asset for any business. However, its management is a challenging task that can often lead to severe consequences. Thus, most business owners rely on bookkeepers in Melbourne to keep track of the flow of cash …

Top 15 Bookkeeping Tips From the Pros

Thursday, 23 Sep 2021

The success of a business is dependent on the efficient management of its finances, and the person who is responsible for this job is the bookkeeper. These professionals have the knowledge and the expertise to maintain updated records and prepare …

Accountant vs. Bookkeeper: What Do They Do for a Business?

Wednesday, 15 Sep 2021

Capital is an essential resource of a business. The data relating to cash inflow, outflow and management allows the entrepreneur to make significant financial decisions. Whether micro or macro, every business needs accountants and bookkeepers in Melbourne to deal with …

What Are The Major Objectives Of Bookkeeping?

Thursday, 9 Sep 2021

Bookkeeping is the most vital part of operating a business smoothly and efficiently. While traditionally, it was restricted to manual data entry, today it goes way beyond merely recording the transactions. With automation coming into the picture, the jobs of …

What Businesses Need Bookkeeping the Most?

Monday, 23 Aug 2021

Bookkeeping is an essential part of running a business in Melbourne and managing its finances. Since every company needs to keep an accurate and up to date record of its transactions, generate financial reports, manage payroll, and pay taxes, they …

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