5 Benefits of Getting Reckon Accounting Software for Your Business

Finding the right accounting software can be difficult with all the choices out there. This is why Reckon (formerly known as QuickBooks) is such a sought after choice. Besides being a trusted name in the industry, it also has options that are tailored to different small business needs so you do not have to buy [...]

By |July 3rd, 2017|Bookkeeping|0 Comments

5 Ways to Simplify Filing Your GST

Filing your GST, or any tax for that matter, should not be a nightmare. True, the process can be long and complicated, but the more you understand the better prepared you can be. This will in turn make the process more manageable. Here are some really easy ways to simplify your GST filing; the best [...]

By |June 2nd, 2017|Bookkeeping, Finance|0 Comments

How to Make Third-Party Bookkeeping Affordable On Your Budget

Running a business can be hard no matter who you are. Furthermore, things can be worsened by a lack of organization and a poor understanding of good business practices, both of which can lead to messy bookkeeping. Luckily, improvement in the first two areas can help you take better control of your business’ finances and [...]

By |April 19th, 2017|Bookkeeping, Finance|0 Comments

The importance of PAYG Payment Summaries (From a Business Point of View)

Running a business can mean a lot of paperwork; especially since “paperwork” may not always mean physical files. Being overwhelmed with documents and reports may make you yearn for one less reason to create something else, but your PAYG payment summaries should never be the one you neglect. This is so even if you are [...]

By |February 23rd, 2017|Bookkeeping, Finance|0 Comments

Understanding the Differences Between a Bookkeeper and an Accountant

Like many outside of the field of accounting, you may be unclear about the differences between a bookkeeper and an accountant. As a business owner, this differentiation is important to make since it will help you to understand what you company’s accounting needs are. Doing so will in turn assist you in getting the help [...]

By |January 27th, 2017|Bookkeeping, Uncategorized|0 Comments

Did You Know: The ATO Can Cancel Your ABN

Did you know that your Australia Business Number of ABN can be cancelled by the tax office? There are only a few reasons this can happen, and one of them stems from your business’ lack of profitability. Another reason is whether the ATO deems your business to be a hobby as opposed to an enterprise. [...]

By |December 1st, 2016|Bookkeeping|1 Comment

5 Basic Roles of a Bookkeeper and How You Can Benefit From These

Accounting will be an important part of your business no matter the size. What may change is how complex a system you need, how much time has to be invested, and how much expertise it will require. Luckily, a trained bookkeeper can meet these needs no matter how big or small, and the basic roles [...]

By |July 12th, 2016|Bookkeeping|0 Comments

4 Reasons to Drop Your Current Bookkeeper

Unfortunately, there are a lot of bad bookkeepers out there.  If your bookkeeper fits any of the following characteristics, it might be time to consider looking for a new one: Reason 1: Your bookkeeper does not have time for you. Nobody wants to work with a bookkeeper who is always behind on work. When you [...]

By |May 20th, 2016|Bookkeeping|0 Comments

4 Ways to Know You Need Budgeting Help

Every business is required to spend money in order to make any, but this does not mean than you should be spending without a plan. Additionally, the best way to invest in a business is often the way that allows you to spend the least amount of money while getting the best possible return (unless [...]

By |April 22nd, 2016|Bookkeeping|0 Comments

3 Tools All Businesses Should Have

Starting and growing a successful business Starting and growing a business takes hard work, dedication, sacrifice, knowing and following the rules as well as having the right tools. This is why you should always reassess your business to see if your needs have changed and if they are being met. It is also why you [...]

By |April 7th, 2016|Bookkeeping|0 Comments