Saturday, 14 Sep 2019
You might have come across the term franking credits, but never paid heed to its implications and utilisation. However, if you are running a business or planning to get into bookkeeping, then you must be aware of its significance. Franking …
Friday, 30 Aug 2019
Bookkeeping is an integral part of non-profit organisations, which allows them to manage their finances appropriately. As per the common perception, non-profits are altruistic entities that are working for the greater good of the society. However, it operates in the …
Thursday, 22 Aug 2019
Most people don’t know much about the role of a bookkeeper and often relate it to accounting. However, they are not accountants and have a different job profile altogether. If this has got you even more confused, then let us …
Wednesday, 14 Aug 2019
The mere mention of the word ‘tax’ makes business owners anxious as they are either not ready for filing their returns or are busy updating their books. This is the reason why most organisations rely on the best bookkeepers in …
Wednesday, 31 Jul 2019
Unlike the common perception, non-profits are similar to other businesses, and they too generate profits. The only difference is that these profits are not put into commercial use but are utilised for a social cause. Naturally, they also need to …
Monday, 8 Jul 2019
Technological advancements have engulfed the entire world, and every domain is switching to digital platforms for better performance. Like all other fields, bookkeeping has been revolutionised with the evolution of cloud-based accounting, which has eliminated the tedious task of manual …
Monday, 1 Jul 2019
If you have been running a business in Sydney, you must be well aware of the income statement or the profit and loss statement. As the name suggests, this document provides the details of the organisation’s expenses and sales over …
Tuesday, 25 Jun 2019
Any job which is related to number crunching and finance management gets termed as accounting or bookkeeping by most people. However, we make a grave mistake by categorising accountants, bookkeepers, BAS agents and tax agents in the same league. They …
Wednesday, 19 Jun 2019
The humungous non-profit sector in Australia has come a long way. The number of not-for-profit organisations is increasing, and they are operating in diverse genres in cities like Melbourne. While many are seeking a foothold in the industry, others have …
Tuesday, 11 Jun 2019
You might have heard a lot about the Single Touch Payroll (STP) and may have even tried to solve the enigma. If it seemed a bit overwhelming, here is what you need to know. STP was introduced by the Australian …
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