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 …
Tuesday, 11 Aug 2020
The e-commerce industry is predicted to touch $35.2 billion by 2021, and the sector will continue to expand its reach in Australia. The upcoming and trending domain is becoming the newfound love of budding entrepreneurs in Melbourne who want to …
Monday, 20 Jul 2020
Franchise owners in Melbourne have more financial responsibilities than a small business owner as they have to make sure that all the units in the franchise network follow the same standard for accounting. They have to abide by the terms …
Friday, 3 Jul 2020
Bookkeeping is needed from the launch of a business, and its significance increases as the company makes progress through the years. It is essential to record all the financial transactions and keep the books updated. It allows the entrepreneur to …
Wednesday, 24 Jun 2020
Starting a business from scratch is a huge responsibility which leaves the entrepreneurs burdened with an exceptional amount of work. Amidst all the client meetings, supplier negotiations, stock management, strategy development and daily operations, it becomes challenging to meet the …
Monday, 15 Jun 2020
Record keeping is a quintessential requirement for every small business to keep the paperwork organised, streamline the cash flow, monitor the bottom-line for making vital decisions, and influencing money lenders. It is also a legal obligation to maintain financial records, …
