Zoho Books is cloud-based accounting software that makes financial management easier for small-business owners. It automates business workflows, has great invoicing features, offers free inventory software, automatically imports bank feeds and helps you stay on top of receivables and payables. It’s fast, powerful, and convenient, and it helps regain control over the company’s finances and […]
According to the University of Technology, Sydney (UTS), it is estimated that one in three new small businesses in Australia fail in their first year of operation, two out of four by the end of the second year, and three out of four by the fifth year. According to a recent study by UTS, 32% […]
Many Australians have money in more than one super fund. That is because when a new employee does not choose a superannuation fund, their employer chooses a default super fund for them. When someone changes jobs and does not choose their own fund, this can result in having multiple superannuation accounts as new accounts are […]
The obvious aim of every business is to make money, and the simple formula for this is to maximise the income while minimising the costs. Utilising the services of a bookkeeper has numerous benefits to any business, but how can you maximise the benefits of a bookkeeper and minimise the cost at the same time? […]
Real estate and legal firms in Australia that hold or receive money on behalf of others are required to open and maintain trust accounts to manage these funds. There are strict rules around the setup and maintenance of trust accounts that can differ in each state and territory. These include, but are not limited to, […]
In Queensland, individuals and companies must hold a QBCC licence to carry out building work where it involves: Plumbing and Drainage Gas Fitting Termite Management – Chemical Fire Protection Completed Residential Building Inspection Building Design – Low Rise, Medium Rise and Open Site Classification Mechanical Services
All businesses in Australia are legally required to report their finances to the government. There are also payment obligations businesses must meet. If your business is not in compliance with these laws, then you can incur heavy penalties. That is why it is so important to adhere to your business obligations and maintain accurate and […]
All businesses in Australia are required to provide financial documents to the Tax Department. Big businesses often have a team of accountants and bookkeepers, but what about small businesses? Whether you are a sole trader just starting up, or you are an established small business with a small team of employees, employing your own bookkeeper […]
When you’re a tradie running a business, you have a lot of hats to wear…and we’re not just talking hard hats! Apart from being on the tools, you’re also often project manager, customer service manager, head of human resources, and even the bookkeeper. Although it might seem more cost-effective to do it all yourself, is […]
When you’re starting a restaurant, as well as when you’re running one, so much of your time and energy is spent planning and fine-tuning the menu and getting customers through the door. But all this effort counts for nothing if your restaurant business isn’t making money. To make sure you’re maximising the potential of your […]
