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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 …

Definition, Types And Importance Of Bookkeeping

Wednesday, 14 Feb 2024

Bookkeeping is a common term used by business owners while dealing with the finances of their organisation. It involves recording all the transactions taking place in the company and managing the cash flow. It is an expert task that can …

How Do Latest Australian Tax Law Changes Impact Your Business

Tuesday, 6 Feb 2024

The corporate tax rate is comparatively higher in Australia than in other developed countries. The country relies significantly on individual and corporate taxes, which substantially contribute to the economy. The tax system can be troublesome for small businesses, which is …

Common Bookkeeping Terms Entrepreneurs Must Know

Tuesday, 30 Jan 2024

Entrepreneurs taking up the responsibility for the first time must deal with many surprises. One of the most significant ones is that they need to make sense of the financial data the bookkeepers offer them. Although the professionals offer valuable …

10 Common Invoicing Mistakes And How To Avoid Them

Wednesday, 24 Jan 2024

Invoicing usually takes the backseat for entrepreneurs more involved in customer acquisition and sales. They sometimes delay sending the invoice or make calculation mistakes that can incur unexpected losses. However, the document plays an instrumental role in generating income from …

How To Find The Right Bookkeeper For Your Small Business

Thursday, 11 Jan 2024

Small businesses have limited clients but a higher need for financial management. Many start-ups fail within five years of establishment because they cannot pay their bills. Generating a significant income and maintaining profits is essential to sustain the business. While …

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