Steps To Help Reduce Costs In The Face Of Growing Wages

Thursday, 10 Oct 2019

Small and medium-sized businesses are always plagued with the challenge of maintaining the flow of capital and limiting their expenses. Salaries and wages form a significant part of the costs incurred by an organisation, and any hike in this component …

The Big List of Small Business Tax Deductions (and How to Claim Them)

Wednesday, 2 Oct 2019

Small business owners are always on the run and have to juggle multiple tasks without fail. From client meetings and business associations to supplier negotiations and team management, they have a lot on their to-do list. Another significant aspect of …

Misclassification Of Expenses In An Accounting System

Wednesday, 25 Sep 2019

Accounting is an integral part of running a business, and no one can deny its significance. From small and medium-sized enterprises to big corporations, accurate accounting supports the maintenance of financial data in an organised fashion. The accountants utilise this …

Franking Credits: Everything You Need To Know

Saturday, 14 Sep 2019

You might have come across the term franking credits, but never paid heed to its implications and utilisation. However, if you are running a business or planning to get into bookkeeping, then you must be aware of its significance. Franking …

Non-Profit Bookkeeping Basics: Understanding Taxes, Donations And More

Friday, 30 Aug 2019

Bookkeeping is an integral part of non-profit organisations, which allows them to manage their finances appropriately. As per the common perception, non-profits are altruistic entities that are working for the greater good of the society. However, it operates in the …

What Does A Bookkeeper Actually Do?

Thursday, 22 Aug 2019

Most people don’t know much about the role of a bookkeeper and often relate it to accounting. However, they are not accountants and have a different job profile altogether. If this has got you even more confused, then let us …

2019 Australia Small Business Tax Checklist

Wednesday, 14 Aug 2019

The mere mention of the word ‘tax’ makes business owners anxious as they are either not ready for filing their returns or are busy updating their books. This is the reason why most organisations rely on the best bookkeepers in …

What Non-Profit Accounting Software Will Work Best For Your Organisation?

Wednesday, 31 Jul 2019

Unlike the common perception, non-profits are similar to other businesses, and they too generate profits. The only difference is that these profits are not put into commercial use but are utilised for a social cause. Naturally, they also need to …

How Xero Makes You Think Differently About Accounting

Monday, 8 Jul 2019

Technological advancements have engulfed the entire world, and every domain is switching to digital platforms for better performance. Like all other fields, bookkeeping has been revolutionised with the evolution of cloud-based accounting, which has eliminated the tedious task of manual …

What Insight Can You Get From Your Profit And Loss Statement

Monday, 1 Jul 2019

If you have been running a business in Sydney, you must be well aware of the income statement or the profit and loss statement. As the name suggests, this document provides the details of the organisation’s expenses and sales over …

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