Blog

Common Bookkeeping Mistakes

Bookkeeping is definitely one of those tasks in every business that falls in the love/hate relationship category. You love it when your books all match up correctly and every transaction reconciles, but you hate the task of actually doing it and getting on top of it. Errors and mistakes can happen very easily when it comes ....

Read More.. May. 09, 2019

Why choose Xero?

Accounting and bookkeeping are amongst the tasks in a business that many people do not like or try their best to avoid. Unfortunately they are very important parts of every business and tasks that should not be avoided. When your books and accounts are up to date it makes lifeĀ  a lot easier when it comes to lodging your BA....

Read More.. May. 09, 2019

Difference between a bookkeeper and accountant

A question we are asked a lot is whether both a bookkeeper and an accountant are needed or if they do the same thing. The answer is that yes bookkeepers and accountants both work on the accounts of the business however their roles are very different and if you are not comfortable with completing the bookkeeping of your busi....

Read More.. May. 15, 2019

Reasons to have a Bookkeeper

Having your own business is an exciting time. You are doing what you love and making the most of your talents. If you are not already at a profitable point in your business, it may be on its way soon. All your hard work is paying off. There may be times when you look at your business and everything you are doing and start t....

Read More.. May. 16, 2019

Digital Age Bookkeeping

Bookkeeping had come a long way. Gone are the days of hand writing your transactions down in an exercise book each time you made a purchase. Even the days of using an excel spreadsheet to record all of your transactions are further and further away now. Digital bookkeeping has been becoming more and more popular over recen....

Read More.. May. 20, 2019

Cloud Accounting

If you are running a business you know that a good accounting program is a must. A program that is able to track your income and expenses, allows you to run reports both quarterly and annually and if you have staff members, one that is able to run payroll efficiently and accurately.There are many different accounting progra....

Read More.. May. 22, 2019

ATO Lodgment Dates

Running a business comes with many different deadlines and dates that you need to remember. There are dates that you need to pay your employees, dates that payments to suppliers are due, dates of new product releases or business changes. The ATO also have a list of dates for lodging of different financial reports for your b....

Read More.. May. 27, 2019

Decoding a Balance Sheet

There are many reports and statements that you can download from your accounting software in order to help you to understand where your business is sitting on a financial level, where money is being spent, what money is coming in and the overall position of the company. The balance sheet is one of these reports that can hel....

Read More.. May. 28, 2019

Decoding a Profit and Loss

A profit and loss statement is a very handy statement to look at for your business and seeing where your money within the business is going. It gives you a nice image of the net income of your business. It does this by calculating all the expenses that the business has incurred and subtracting this figure from the revenue t....

Read More.. Jun. 23, 2019