Wednesday, 14 Feb 2024
Bookkeeping is a common term used by business owners while dealing with the finances of their organisation. It involves recording all the transactions taking place in the company and managing the cash flow. It is an expert task that can …
Tuesday, 6 Feb 2024
The corporate tax rate is comparatively higher in Australia than in other developed countries. The country relies significantly on individual and corporate taxes, which substantially contribute to the economy. The tax system can be troublesome for small businesses, which is …
Tuesday, 30 Jan 2024
Entrepreneurs taking up the responsibility for the first time must deal with many surprises. One of the most significant ones is that they need to make sense of the financial data the bookkeepers offer them. Although the professionals offer valuable …
Wednesday, 24 Jan 2024
Invoicing usually takes the backseat for entrepreneurs more involved in customer acquisition and sales. They sometimes delay sending the invoice or make calculation mistakes that can incur unexpected losses. However, the document plays an instrumental role in generating income from …
Thursday, 11 Jan 2024
Small businesses have limited clients but a higher need for financial management. Many start-ups fail within five years of establishment because they cannot pay their bills. Generating a significant income and maintaining profits is essential to sustain the business. While …
Thursday, 4 Jan 2024
Records are the historical evidence of events in a commercial organisation. While some records are needed to gather data for internal controls, others are needed to comply with legal regulations. Every Australian business has to maintain its financial records that …
Friday, 22 Dec 2023
Money plays a pivotal role in the success of a venture. Start-ups begin with a bang as they have the support of the seed capital but often fizzle out without making any noise. Most small entities get entangled in a …
Monday, 11 Dec 2023
While most businesses operate for financial gains, some entities exist for the social good. These are not-for-profit organisations in Australia because they do not use their income for personal gains or the growth of their members and employees. It has …
Monday, 4 Dec 2023
Bookkeepers are the support system of a successful organisation. They bring stability and financial strength to the organisation with their monetary knowledge and budgetary skills. They ensure the business has sufficient capital to pay its bills without deficits. They find …
Tuesday, 21 Nov 2023
Bookkeeping is one of the most tedious tasks because of the constant need to record financial data. Every transaction must be included in the books accurately to generate reports, understand the financial health of the business and identify opportunities and …
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