In every business the bottom line comes down to dollars and cents. No matter what industry you are in, at some point you are going to have to deal with money and managing finances.  Doing this well with proper record keeping and account management can be a difficult and time-consuming task.  This is where the […]

Starting on July 1, 2018, Australian businesses with 20 employees now have to comply with the STP or the Single Touch Payroll initiative. These same businesses are expected to have conducted a headcount of their employees on April 1, 2018 to determine their reporting requirements. But what exactly is STP and are you ready for […]

Bookkeeping is just as important as innovating products and ideas. For growing businesses, keeping track of financial records and books of accounts is a crucial job that may hamper growth if not done well. Failure or mistake in keeping books and records may have legal consequences such as missing to pay taxes due, paying wrong amounts, delays in […]

Cloud accounting has revolutionised the world of financial management and reporting. The emergence of cloud accounting software has been a game-changer for businesses of all sizes, providing more flexible, efficient, and safer ways to record and manage financial data. In this article we’ll explain what the terms ‘cloud accounting’ and ‘cloud bookkeeping’ mean and discuss […]

Australia has always been a great place for business, but much of the economic success of the country can be attributed to small businesses. About half of all productive, working Australians are employed by small businesses and money spent by local businesses circulates within the community, generating income and jobs. This shows small businesses make […]

MYOB has been in the accounting software industry for quite a while, having established its name in the local scene. However, some newcomers like Reckon One are challenging MYOB’s ability to think out "cloud" and keep up in the digital game. Both small business accounting software options have their own set of advantages and disadvantages, […]

One of the biggest challenges for an entrepreneur, freelancer or small business owner is growing his or her business. Whether you’re a restaurateur, travel blogger or a tech innovator, scaling up is the only way to go in order to reach new markets as well as new financial heights for the business. In the accounting […]

There’s the glamorous side of real estate, the adrenalin rush of hustling to add another property to your portfolio and scoring a commission upon its sale. The side that shows like Selling Sunset love to depict. But we rarely see any of these high-flying agents sitting down to ‘do the books’ at the end of […]

Here is a list of answers to common questions that we get asked regularly about bookkeeping services, GST and tax and accounting software. Q: I have started my business, registered for an ABN and Business Name and now I need to know what to do next? A: A part of running your new business is […]

You’ve worked hard to keep your business running and your customers happy. With the end of the fiscal year fast approaching, you need to ensure that all of this customer happiness is translating to a happy balance sheet. If you don’t already have someone handling the financial side of your business, you may not know […]