Top 5 Bookkeeping Apps For Australian Businesses

Wednesday, 12 Jun 2024

Australian businesses are moving towards a technological revolution propelled by innovations like Blockchain technology, AI and big data. The increasing utilisation of advanced tech in the day-to-day lives of consumers through smartphones and voice assistants makes businesses adopt them quickly. …

End Of Financial Year Checklist For Australian Businesses

Monday, 3 Jun 2024

As we move closer to June, the fear of the end of the financial year (EOFY) looms large over businesses in Australia. This time is highly significant for bookkeeping purposes because businesses have to file tax returns, and forecasting for …

Top Bookkeeping Software For 2024: Features, Pros, And Cons

Thursday, 16 May 2024

Bookkeeping was a complex task that took hours to complete before computers made the lives of finance professionals easier. While computers streamlined and organised data entry tasks, the current crop of cloud-based bookkeeping software is taking automation a step forward. It has …

What Is Included In A BAS Statement?

Thursday, 2 May 2024

A business activity statement (BAS) is a form filled out by all the GST registered businesses in Australia to provide details of the GST activity of the entity in a given period. The size of the business determines the number …

How To Manage Your Cash Flow Effectively As A Start-Up

Tuesday, 23 Apr 2024

Abundance of cash implies the business is faring well while a list of debts and liabilities showcases the downfall of the entity. The success of a business is measured by its cash flow, and a positive figure indicates a thriving …

5 Books Every Bookkeeper Should Read

Wednesday, 10 Apr 2024

Bookkeepers are busy professionals who must maintain up-to-date business records and finances. They must stay informed about the latest tax regulations, technology trends in the finance sector and industry news to manage the cash flow effectively. As they take on …

Who Is A BAS Agent And Why Small Businesses Need Them?

Tuesday, 2 Apr 2024

Business Activity Statement (BAS) is an obligatory report submission to be done by all businesses registered for GST in Australia. It must be lodged with the Australian Taxation Office (ATO) along with the payment of GST, PAYG instalments, PAYG withholding …

A Guide To Accounts Receivable And Accounts Payable

Tuesday, 26 Mar 2024

Bookkeeping is all about tracking accounts receivable and accounts payable. These two accounts inform the business owner about the capital coming in and going out in a period. The bookkeeper records both in the general ledger to maintain up-to-date books. …

The Ultimate Bookkeeping Checklist For New Businesses

Wednesday, 13 Mar 2024

New businesses trying to make their mark in a highly competitive marketplace are saddled with the burden to grow quickly. Entrepreneurs must be on their toes to establish their brands in the cluttered space and break even. Brand building, supply …

Benefits Of Outsourcing Bookkeeping

Monday, 4 Mar 2024

Bookkeeping is one of the most important parts of business operations because it helps to manage capital and maintain cash flow. Without an experienced professional working on bookkeeping, the business may find it challenging to keep accurate records and pay …

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