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 …
Tuesday, 12 Jan 2021
Every small business owner is committed to acquiring new customers and scaling up in the future. However, both short-term and long-term objectives are challenging to accomplish without a stable financial system backing the organisation. A professional bookkeeper in Melbourne helps …
Monday, 21 Dec 2020
Bookkeepers are the lifeline of a business who stabilise its financial position with their skills and expertise. They set the momentum of progress into motion through their correct tax filing and cash flow management. However, you need to find the …
Thursday, 26 Nov 2020
You may have heard about the term fringe benefits but never paid much attention to it until the tax season arrived. As an entrepreneur in Melbourne, you are liable to the tax applicable on the fringe benefits enjoyed by your …
Thursday, 19 Nov 2020
Starting a small business and making the first proverbial sales is what every budding entrepreneur aspires to achieve. However, very few give a thought to keeping records of these business transactions in the initial stages. Bookkeeping is usually perceived as …
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