Business owners may feel a little overwhelmed every end of the fiscal year. It is during these times that businesses need to carry out specific procedures to close their books and fulfill obligations to the ATO. For every business, staying on top of company tax obligations and ensuring that all necessary documents are complete in…
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What's New with Xero?
Xero is an accounting software fit to use for any kind of business- small or large. It offers lots of help to business owners. It has everything you need for your bookkeeping- invoicing, bank reconciliation, reporting, bills payment and contacts. It automates admin work from anywhere, anytime! With Xero, you can store documents online for…
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…
