Monday, 27 Dec 2021
Entrepreneurs need to be aware of the financial status of their business at any given point to understand its performance. Without this knowledge, they cannot make informed decisions related to buying equipment, starting a new product line, or entering new …
Wednesday, 8 Dec 2021
Single Touch Payroll (STP) is a mandatory obligation for businesses that helps them to bring down their payroll reporting responsibilities. The Australian Government introduced the system in 2018 for businesses with 20 or more employees, and by 2019, it included …
Wednesday, 1 Dec 2021
Bookkeepers have struggled the most besides small businesses during the pandemic. The lockdown in Melbourne and restrictions impacted several business functions that were under the aegis of these professionals, such as inventory management, cash flow, debt, and payroll. The changing …
Monday, 15 Nov 2021
Business owners who are setting foot in the commercial landscape are often taken by surprise when it comes to understanding depreciable business assets. They are often confused about whether they need to depreciate or expense a business asset. Bookkeeper Melbourne …
Tuesday, 9 Nov 2021
A start-up is a new venture launched by an entrepreneur with a lot of aspirations and desires for success. All new businesses in Melbourne need funds to get established and become recognised entities. The money needed to set up the …
Monday, 18 Oct 2021
Retained earnings are significant for accounting purposes, and bookkeepers maintain their records for businesses. It refers to the profits of the business accumulated over a period of time. However, many aspiring entrepreneurs are not aware of the term or do …
Friday, 15 Oct 2021
Small businesses in Melbourne may not have too many transactions taking place every day, but they still need to manage their finances. Suppose a big project comes their way, or they invest in new equipment. In that case, they must …
Monday, 11 Oct 2021
Small business owners often consider auditing to be an expensive and redundant pursuit. Many believe that it is required by those who fall in the regulatory requirements category or those who own very large businesses. However, these are misconceptions that bookkeepers …
Monday, 4 Oct 2021
Cash is the most valuable asset for any business. However, its management is a challenging task that can often lead to severe consequences. Thus, most business owners rely on bookkeepers in Melbourne to keep track of the flow of cash …
Thursday, 23 Sep 2021
The success of a business is dependent on the efficient management of its finances, and the person who is responsible for this job is the bookkeeper. These professionals have the knowledge and the expertise to maintain updated records and prepare …
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