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9 Small Business Bookkeeping Tips

Tuesday, 3 Aug 2021

Bookkeeping is as essential for the business as funding and finding customers. It helps in organising income and expenses and uses them to accomplish long-term objectives. It gives an insight into the financial health of the company and allows the …

Using Invoices vs. Receipts for Your Home Business

Monday, 26 Jul 2021

 Running a home-based business in Melbourne is becoming the new trend after the pandemic struck the country. Many aspiring entrepreneurs are looking forward to starting a venture from the safe environment of their home that allows them to cut down …

6 Ways to Get Out of Business Debt Faster

Wednesday, 14 Jul 2021

Entrepreneurs are well-versed with debts as they need them to scale up and expand their businesses. However, the interest rate and the payback timeline can take a toll on financial management. It can also lead to stress and anxiety and …

What Financial Ratios Are Used to Measure Business Risk?

Monday, 5 Jul 2021

Running a business in Melbourne is packed with facing challenges and taking risks. A miscalculated business risk can have a significant impact on the financial stability of the company and can sometimes even lead to bankruptcy. There are a variety of …

How to Calculate Net Cash Flow

Friday, 18 Jun 2021

Entrepreneurs in Melbourne are always concerned about the cash flow of their business as it determines its stability and success. It helps them to understand the financial status of the company and make investment and business decisions accordingly. Every small …

How To Set Up A Paperless Office System in 2021

Monday, 7 Jun 2021

The environmental impact of wasting paper in offices is a massive back step from the narrative of sustainability. Climate change is a sad reality, and there is a dire need to reverse its influence. The least bit of contribution that …

Invoice Vs Receipt: What’s the Difference?

Friday, 14 May 2021

Accounting and bookkeeping are usually considered the domains of professionals. However, entrepreneurs too need to understand the basics of the subject to comprehend their financial data and make sound business decisions. Among the fundamentals that need to be recognised, the …

The Difference Between Profitability and Profit

Friday, 7 May 2021

Profits and profitability may come across as the same measuring parameters that determine the success of a business. However, they are two different metrics that are used by bookkeepers in Melbourne to gauge the current and future performance of the …

Common Bookkeeping Mistakes that Business Owners Must Avoid

Wednesday, 21 Apr 2021

Bookkeeping is often perceived as one of the strenuous tasks that consume all the time of entrepreneurs. Managing books, recording transactions, preparing payroll, filing taxes, invoicing, etc., can take a toll on the already loaded business owner. Sill most small …

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