Blog
9 Step Process to Create a Good Bookkeeping System
Keeping a record of financial transactions is very important in building a solid foundation of financial health in small businesses. However, some entrepreneurs find the bookkeeping process exhausting and time-consuming. This dilemma, however, can be avoided by creating a good bookkeeping system. We all know that maintaining accurate records helps ensure tax compliance, gauges cash
7 REASONS SMALL BUSINESSES SHOULD OUTSOURCE THEIR BOOKKEEPING SERVICES
A lot of small businesses and start-ups find hiring a bookkeeper or an accountant with the right skills for their business challenging. A bookkeeper handles the business’ financial statements and manages bank account operations so they should be trustworthy, eligible and qualified. Small businesses also prefer an affordable bookkeeper, so outsourcing bookkeeping services is gaining
10 Qualities You Need in a Great Bookkeeper
Hiring a bookkeeper can help you in many ways. They ensure accurate and up-to-date records of your organization’s financial transactions and make sense of your data. Since the bookkeeper knows and handles all the financial data of the company, it is important that you hire the right person for the job. How do you find
Tips to Manage Your ATO Payment Plans for Overdue BAS Statement
Sometimes your business encounters some tough months and you find yourself in a pickle with ATO. Your BAS lodgment is overdue, and it is causing you stress. It isn’t the end of the world for your business. If there’s one thing that ATO wants, it is for your business to succeed. They understand that sometimes,
Cloud Bookkeeping Basics for Small Business Owners, Explained!
If you’re a small business owner or if you’re running a startup, you can’t afford to lose track of your business finances. Hiring an in-house bookkeeper may help you with this, but hiring a full-time employee to manage your books can be costly. You may not justify the additional expenses you’re spending on an in-house
Benefits of Using Online Technology to Manage Your Bookkeeping
Nowadays, entrepreneurs can manage their business and track their business’ financial transactions in real time through technology. With Cloud in full force and gaining traction throughout the market, it is easier for business owners to oversee their business and manage their books. Because of this, many entrepreneurs are transitioning to online technology to manage their
What is a BAS and Do I Need to Lodge One?
There are terms and acronyms every Australian business owner needs to be familiar with to avoid trouble in tax collection. One of the most common acronyms you’ll hear is BAS. If you’re a new entrepreneur, you’ve probably wondered what it is. In this article, we will talk about what a BAS is, what you need
Common Bookkeeping Errors
Commom Bookkeeping Errors Discovered in Many of Xero, Quickbooks and MYOB Files In recent years, many business owners have shifted to Cloud booking. Not only do these accounting software store lots of data, they can also perform quicker operations, saving business owners a lot of time. Inputting data has also become easier with Cloud bookkeeping.
5 Tips for Managing Business Finances
As an entrepreneur, you need to be good in managing both your personal finances and business finances. Business financial management is more than balancing accounts and bookkeeping. As an entrepreneur, you need to carefully look at the purpose of your finances, right from the start. You must have a plan on how you can survive
