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 …
Wednesday, 23 Jun 2021
Many small business owners in Melbourne are not aware of the term Asset Retirement Obligation (ARO), but it is a significant part of accounting and bookkeeping. It is a legal obligation related to the retirement of tangible and long-term assets. …
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 …
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 …
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 …
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 …
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, …
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