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 …
Thursday, 15 Apr 2021
The digital age has revolutionised the entire world. From faster communication to global reach, technological advancements have transformed the way we function. While business activities have been revamped, small business bookkeeping has reached the next level. With the help of …
Monday, 5 Apr 2021
The COVID-19 pandemic made all the entrepreneurs take a step back and consider the repercussions of the crisis carefully. It made even the biggest conglomerates in Melbourne take a blow while the small businesses struggled to stay a float. As …
Tuesday, 30 Mar 2021
Financial management is the most significant aspect of running a business successfully. Most small businesses in Melbourne fail in their infancy because of inadequate capital, which is a direct result of haphazard bookkeeping. It is easier to manage cash flow, …
Monday, 15 Mar 2021
The credit report is avital document that informs about the creditworthiness of the entity to the moneylenders and financial institutions. It helps the lending party decide whether they will be able to retrieve the payback instalments or not. The credit …
Friday, 5 Mar 2021
Accounts payable are always a matter of concern for the entrepreneur as these short-term debts to creditors and suppliers must be paid in time. They are a part of the balance sheet and fall under the current liabilities section. These …
Tuesday, 23 Feb 2021
Inventory is a pre-requisite for any business in Melbourne selling goods and finished products. Management of the stock is a vital part of the bookkeeper’s job profile as it involves placing orders for fresh materials, getting them stored securely, and …
Friday, 12 Feb 2021
Small business owners in Melbourne have to wear many hats while running their ventures. From conducted sales pitches and organisational management to paying taxes and payroll management, they have to carry out a plethora of functions. Although most of them …
Thursday, 4 Feb 2021
Business owners may be great leaders but taking stock of the books may not come easily to them. They may have a fair knowledge of how the entity can be made profitable, but it is not enough for an entrepreneur. …
Wednesday, 27 Jan 2021
Small business owners are always on the lookout for ways of reducing their expenses. However, they often end up paying much more than what is required because of lack of knowledge of the tax laws. The tax bills form a …
