Wednesday, 12 Jun 2024
Australian businesses are moving towards a technological revolution propelled by innovations like Blockchain technology, AI and big data. The increasing utilisation of advanced tech in the day-to-day lives of consumers through smartphones and voice assistants makes businesses adopt them quickly. …
Monday, 3 Jun 2024
As we move closer to June, the fear of the end of the financial year (EOFY) looms large over businesses in Australia. This time is highly significant for bookkeeping purposes because businesses have to file tax returns, and forecasting for …
Thursday, 16 May 2024
Bookkeeping was a complex task that took hours to complete before computers made the lives of finance professionals easier. While computers streamlined and organised data entry tasks, the current crop of cloud-based bookkeeping software is taking automation a step forward. It has …
Thursday, 2 May 2024
A business activity statement (BAS) is a form filled out by all the GST registered businesses in Australia to provide details of the GST activity of the entity in a given period. The size of the business determines the number …
Tuesday, 23 Apr 2024
Abundance of cash implies the business is faring well while a list of debts and liabilities showcases the downfall of the entity. The success of a business is measured by its cash flow, and a positive figure indicates a thriving …
Wednesday, 10 Apr 2024
Bookkeepers are busy professionals who must maintain up-to-date business records and finances. They must stay informed about the latest tax regulations, technology trends in the finance sector and industry news to manage the cash flow effectively. As they take on …
Tuesday, 2 Apr 2024
Business Activity Statement (BAS) is an obligatory report submission to be done by all businesses registered for GST in Australia. It must be lodged with the Australian Taxation Office (ATO) along with the payment of GST, PAYG instalments, PAYG withholding …
Tuesday, 26 Mar 2024
Bookkeeping is all about tracking accounts receivable and accounts payable. These two accounts inform the business owner about the capital coming in and going out in a period. The bookkeeper records both in the general ledger to maintain up-to-date books. …
Wednesday, 13 Mar 2024
New businesses trying to make their mark in a highly competitive marketplace are saddled with the burden to grow quickly. Entrepreneurs must be on their toes to establish their brands in the cluttered space and break even. Brand building, supply …
Monday, 4 Mar 2024
Bookkeeping is one of the most important parts of business operations because it helps to manage capital and maintain cash flow. Without an experienced professional working on bookkeeping, the business may find it challenging to keep accurate records and pay …
