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…
Category: Auditing Tips
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,…
