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Category: Bookkeeping
Bookkeeping for the Trades
You have spent the last 3-4 years completing your trade apprenticeship and gaining valuable on the job experience. You are verging on calling yourself an expert! You are ready or have already made the leap to go out on your own. You have the tools, the ute and the contacts. Or maybe you have worked… Read more
10 Tips For Better Small Business Bookkeeping
Many business owners take on their own bookkeeping services, sometimes in a planned approach, but often it just happens! When you start a business, often it’s the founder’s partner or a parent that gets the unenviable task of becoming the accidental accountant! Whilst we always recommend that businesses seek professional help, training and engage local… Read more
Top 5 Tips For Your Online E-commerce Store Accounting
The world has made a dramatic shift to ‘online’ with work from home orders and lockdowns having turbocharged this change. Now more than ever, it is simple to kick-off your online store or side hustle! Coming up with the idea is the easiest part once you know what you want to do. The next step… Read more
How Small Businesses Are Recovering From the Impact of COVID-19?
Just when you thought it was safe to go back in the water… An anecdote maybe missed on some of those a little younger than me who were traumatised by the thought of Jaws and going swimming! Luckily business is a little more resilient than I was at the age of 5! And here we… Read more
A Game of Numbers: Save More by Outsourcing Your Business’ Bookkeeping Needs
How much their business earns is always a concern for entrepreneurs and business owners everywhere. After all, money is the lifeblood that keeps your operations going and thriving. Making that your only concern is likely to cause problems for your Australian business in the long run, though. There are still other variables at play that… Read more
Becoming a Bookkeeper: Things You Need to Know to Be Competitive in the Business
Not everyone wants to work for somebody. They might be more suited to being their own boss, in fact. The thing that’s usually stopping them from leaving their jobs is the uncertainty attached to striking out on their own. However, recent global events have shown us that the ‘security’ of employment is a falsehood. Fortunately,… Read more
Bookkeeping Basics: Concepts and Definitions You Need for Your Business
You have to be a little bit in love and believe in your product if you hope to successfully start and run a business. But are grit and passion for what you are doing honestly all it takes to get a company off the ground? Not quite. While they play a large part, you’ll still… Read more
Bookkeepers, Accountants and CFOs: Your Guide to Financial Service Roles (And Which of Them Your Business Needs!)
From bookkeepers to accountants to CFOs, there are several roles that fall under the great umbrella of ‘financial management’. They all have the same ultimate goal: make sure your business’ financial future is sound. So, some of their professional skills may overlap, but it doesn’t mean their core functions are interchangeable. We’ve compiled this handy… Read more
4 Tax-Season Tips for Small Business Owners
Tax season is a very stressful time for a majority of business owners, especially those in the small-to-medium sector. Because they don’t always have a dedicated finance department or outsourced accountant or bookkeeper, they are often ill-prepared to take on the challenge of filing taxes and satisfying compliance requirements in house. Worrying about missing receipts… Read more
Financial Service Roles: What’s the Difference between a BAS Agent, a Tax Agent and an Accountant?
BAS Agent. Tax Agent. Accountant. Why are there so many terms for a financial service provider when these professionals are just supposed to help you make sure that you stay on the good side of the law and not flush your entire savings away on a bad balance sheet? The terminology for the different roles… Read more