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Bookkeeping mistakes every Business Owner Should Avoid

Without the knowledge of proper accounting procedures, mistakes will happen. Many business owners fail to keep accurate records and this can affect business financial information and operations. Even if you have an experienced bookkeeper in place, it is not a guarantee that mistakes will not be committed.  Here are the most common bookkeeping mistakes that

Tips for Better Invoicing

It is frustrating to receive late payments and have communication problems between the two parties. Misinformation, ambiguous invoices, and errors can also affect relationships. Without having a seamless process in invoicing, a business will not operate the way it should be.   To avoid these issues, a business needs an effective invoicing strategy. Below are

Why Bookkeeping is Important for Business

One of the major mistakes that businesses make is not keeping financial records. Without these important pieces of information, it will be difficult for a business to operate and function properly. It can lead to frustration, cash flow problems, and even business failure. Here are the important reasons why you should not ignore bookkeeping in

How to Keep Your Business Financial Records Safe

Business financial records keep track of company activities. They are vital documents that can tell the performance of a business. It can provide a company with an insight as to where it is and where it’s heading, in terms of goals. It can also be used to create strategies for future business endeavours. With its

Difference Between a Bookkeeper and an Accountant

For many business owners, especially start-up, small and medium sized businesses; it can be confusing as to whether they need an accountant or a bookkeeper. To most people, bookkeeping and accounting seems like very similar professions. If you haven’t studied accounting or bookkeeping, it’s hard to tell which functions fall to a bookkeeper and which

Is Outsourced Bookkeeping Better Than Inhouse Bookkeeping?

Are you wondering whether you should hire an in-house bookkeeper or outsource the bookkeeping tasks from a bookkeeping company? While many businesses are dependent on inhouse bookkeepers to handle their bookkeeping needs; most of the time, the one doing the tasks is an office assistant. Allowing someone, who is not a specialist, to handle your

Questions to Ask when Hiring a Bookkeeper

Hiring a bookkeeper can be daunting and scary for small and even medium-sized businesses. While interviewing a bookkeeper or a bookkeeping company, most business owners often ask the wrong questions. Thus, the bookkeeper or bookkeeping firm are unable to get a full grasp of the needs of the business. If you’ve been through many firms

JobKeeper payments

To our Valued Clients, We hope you are in good health and in the best of spirits. We have become aware of certain circumstances that may impact your business and felt that it was crucial to keep you informed. A friendly insurance broker advised us that jobkeeper payments MAY be taken as a contribution to

JobKeeper Payment – Frequently Asked Questions

General WHAT IS THE JOBKEEPER PAYMENT? The JobKeeper Payment is a payment made to eligible businesses and not-for-profits affected by the Coronavirus to support them in retaining employees. Eligible businesses that elect to participate will receive a payment of $1,500 per fortnight per eligible employee to support the people they employed as at 1 March