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End of quarter means it’s time to submit another Business Activity Statement for your business. These are issued by the Australian Tax Office and are essentially a facility for you to report the money that has come in and gone out of your business to cover a range of tax liabilities. Failure to submit your […]
BAS Preparation Checklist Read More »
Business Activity Statements (BAS) are a source of anxiety for many modern business owners. That stress only gets worse if you have not been keeping accurate records of your business finances and putting money aside to pay for it when it is due. Any business that is registered for Goods and Services Tax (GST) is
What Does BAS Stand For? Read More »
As a business owner, pouring over spreadsheets is probably not your favourite pastime. Think of spreadsheets as your business’ scorecard – a detailed account of how well you’re doing. With easy-to-follow bookkeeping tips, we’ll show you how to: separate business and personal banking and expenses, find the right software, understand monthly reports, keep track of
10 Best Bookkeeping Tips For Business Success Read More »
If you don’t have a background in accounting, a lot of the bookkeeping jargon and accounting terminology might be somewhat confusing. For example, you may think you know what ‘accounts’ means, but the definition is very specific in bookkeeping, and concepts like ‘remittance’ and ‘reconciliation’ might go straight over your head. These bookkeeping terms often
50 Bookkeeping Terms & Definitions Read More »
The main thing to think about when considering bookkeeper duties is the creation and maintaining of a formal record of company income and spending. This enables a company to provide an accurate trail of all transactions when it comes to filing accounts. In other words, bookkeepers have a finger on the pulse of the business.
The Ultimate Bookkeeper Duties Checklist for Australian Businesses Read More »
With the correct information and insight, bookkeeping for beginners doesn’t mean jumping into the deep end without any preparation. The internet is stuffed full of valuable resources for just about any career prospect – and bookkeeping is no exception to that rule. If you want to know more about bookkeeping for beginners and small businesses,
Bookkeeping For Beginners – Geekbooks Guide Read More »
Getting started with bookkeeping doesn’t have to mean high-tech software and expensive training. Whether you’re planning on starting a new business or you’re a startup looking to formalise your finances, Excel is all you need to get started on the right foot. We’ve collated some of the best bookkeeping template PDF and free accounting spreadsheet
12 Bookkeeping Templates To Help Your Business Read More »
Many people struggle to pin down exactly how bookkeeping differs from accounting. It’s true that many of the goals of both are shared, but when you look closely at the difference between bookkeeping vs accounting, it soon becomes clear that they are not the same thing. In a nutshell, bookkeeping is more about data entry
Bookkeeping Vs Accounting: What Are The KEY Differences? Read More »
Keeping your finances in check is critical for any business. You don’t want to be left scrabbling for receipts or digging out invoices when tax season rolls around. Whether you’re a big fan of the odd spreadsheet or you’re not so tech-savvy when it comes to your finances, keeping on top of your money is
What is Bookkeeping? (+ 6 Common Questions Answered) Read More »
When you own a small business, you know that keeping your finances in order is crucial – and that includes your bookkeeping processes. Even though it is sometimes grouped with business accounting, bookkeeping is an important and independent part of managing your finances and ultimately growing your business. In order to control costs effectively, manage
Bookkeeping Guide Updated for 2022 Read More »
