Thursday, 19 Nov 2020
Starting a small business and making the first proverbial sales is what every budding entrepreneur aspires to achieve. However, very few give a thought to keeping records of these business transactions in the initial stages. Bookkeeping is usually perceived as …
Tuesday, 10 Nov 2020
Small businesses often become an ingrained part of local communities due to their influence on the surroundings. The loyalty they receive from their customers in the region is often paid back through donations and gifting towards the greater good. Since …
Wednesday, 21 Oct 2020
Bookkeeping is the most significant part of business management, which cannot be ignored at any point. The job demands a lot of time, consumption of tons of coffee cups, and head-scratching to find out where you spent the missing dollars. …
Thursday, 15 Oct 2020
Businesses cannot be run on hunches and guesswork. They require proper planning and a systematic approach to manage daily activities. Keeping records of every task is a necessity for creating reference points for the future and making analytical inferences. Besides …
Wednesday, 7 Oct 2020
Although COVID-19 has made remote working the new norm, the concept of work from home had arrived long ago. Several self-employed individuals had leveraged the opportunity to start small businesses from their homes with the help of the internet and …
Wednesday, 16 Sep 2020
Working capital can be regarded as the lifeline of a business as it accounts for the available funds that support its day-to-day operations. It signifies the liquidity or current financial standing of the business and can be calculated by deducting …
Monday, 7 Sep 2020
A bookkeeper fulfils the most critical function of financial management for a business. Although many small business owners think that they can manage the books and calculations themselves, they are often mistaken. As soon as a small business starts growing, …
Tuesday, 1 Sep 2020
Entrepreneurs are always burdened with the task of cash flow management. The best way to accomplish this feat is through the reduction of expenditure. However, it should not come at the cost of a decline in quality. Thus most small …
Tuesday, 25 Aug 2020
Businesses with a satisfied workforce need a standard payment and employee benefits system, which keeps them motivated and enthused. However, it is not easy to keep track of all the components of the wages, manage the leave records and abide …
Wednesday, 19 Aug 2020
Accounting and bookkeeping have been completely revolutionised with the advent of information technology in our daily lives. Businesses in Melbourne have been in the process of harnessing this advancement in technology to reduce manual error and labour. The accurate and …
