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What Could Cause Accounts Payable To Be Understated?

Tuesday, 14 Jan 2020

The management of accounts payable is a significant part of bookkeeping as it allows effective handling of payment obligations of a business in Melbourne. Accounts payable is a vital part of the balance sheet, which signifies the amount to be …

Substituted Accounting Periods (SAP): A Complete Guide

Monday, 6 Jan 2020

Taxes are always confusing, and when entrepreneurs have to calculate their income in a given timeframe, they find themselves in a fix. A qualified and experienced bookkeeper in Melbourne allows taxpayers to make some sense out of the complicated process. If …

How to Hire the Right Bookkeeper for Your Small Business?

Monday, 30 Dec 2019

A small business owner is always tied up with a plethora of tasks involved with running a venture successfully. As the entity starts growing, so does the financial transactions and their recordings. It becomes impossible for an entrepreneur to keep …

What You Should Know About Taxpayer’s Covenant?

Thursday, 19 Dec 2019

The Taxpayer’s Charter was introduced in 1997, and it lays down the guidelines in which the Australian Taxation Office (ATO) must deal with the taxpayers in Australia. Being the primary revenue collection agency in the country, the ATO has to …

Types of Accounting: Management, Tax and Financial

Tuesday, 10 Dec 2019

The core functions of accounting and bookkeeping have been evolving with the changing economic scenarios and corporate structures around the world. From merely being a part of the entrepreneur’s repertoire, this profile has bloomed into a specialised service which has …

What Are The Benefits Of Outsourcing Bookkeeping Services?

Monday, 2 Dec 2019

It is almost impossible to run a successful business without the expertise of a bookkeeper. These professionals are an indispensable part of small as well as big organisations as they are responsible for managing the books and payroll services. They …

10 Bookkeeping Basics You Can’t Ignore As A Small Business Owner

Tuesday, 19 Nov 2019

Operating a small business in a big city like Melbourne is no mean feat. It goes without saying that business ownership brings along a plethora of responsibilities that cannot be mastered by one person. This is the reason why most …

Bookkeeping: Making Sense of Debits and Credits!

Wednesday, 6 Nov 2019

Running a business is no child’s play. You have to be a jack-of-all-trades to stay ahead in the cut-throat competitive world. Besides tracking the administrative work, human resources, stock management, customer relationship management and marketing, you need to have a …

4 Reasons To Outsource Your Non-Profit Bookkeeping

Tuesday, 22 Oct 2019

Accurate bookkeeping is a pre-requisite for running a successful non-profit. However, crunching numbers is not everyone’s cup of tea. You may be a brilliant social worker and philanthropist, but when it comes to managing the balance sheets, you may barely …

Top 7 Tips for a Stress-Free Tax Season

Tuesday, 15 Oct 2019

Taxes are a taxing exercise for small businesses in Melbourne as they need to get it right by claiming all the deductions and without making any errors. As soon as the tax season arrives, it brings along a lot of …

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