Bookkeeping is essential to any business. When done right, bookkeeping lets you set a budget for your business and prepare for tax fees. Additionally, it helps you keep your finances organised, allowing you to make decisions that could further expand your business. Are you doing bookkeeping by yourself or do you outsource bookkeeping to a […]
Let’s face it, building and growing your small business is both exciting and nerve-racking. On the one hand, nothing compares to seeing something you’ve built on your own succeed. On the other, you always have to be on top of everything, such as your Budget, Cash Flow Plan or Profit Plan. You must also be […]
With so many options with bookkeeping (also called accounting) apps, I decided to write up a quick comparison chart listing the features, prices, pros and cons of four of the most talked about apps in Australia for keeping accounting records.
Even though the Goods and Services Tax (GST) has been in operation for almost 20 years, despite its best efforts to educate the general public, the Australian Taxation Office (ATO) is still receiving Business Activity Statements (BAS) containing many errors.
Some business owners might be hesitant to outsource their business bookkeeping and hand over their finances to an “outsider”. But the reality is, it might be one of the smartest business decisions you could make.
JobKeeper payment – now open for enrolment! If your business is affected by COVID-19, you may be eligible to access the JobKeeper payment to assist you to be able to continue paying your employees. Employers can choose to participate in the scheme and then nominate all the employees they are entitled to claim for. An […]
Signs of a Cash Flow Problem and How To Fix It You can have a profitable business and still fail. In fact, the NUMBER ONE REASON FOR BUSINESS FAILURE is running out of cash. 5 signs you have a cash flow problem: 1) Unable to pay suppliers on time 2) Unable to pay your ATO […]
Review: Xero vs Quickbooks for Bookkeeping “Which is better – Quickbooks or Xero?” Is a common question I hear asked over and over by small business owners. I’m certified in both Xero and Quickbooks. While I love them both, there are some major differences and not one size fits all. I prefer Xero when doing […]