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Tax Refund
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According to recent research by the Commonwealth Bank every year, one in two Australians lose out on an average of $1000 in tax refunds due to misplaced receipts.Can you afford to lose out on $1000 in additional deductions this year just because you neglected to keep track of your receipts all year? ...
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Common Bookkeeping Mistakes To Avoid
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Bookkeeping is a critical task that every business owner should pay close attention to. Proper bookkeeping can help ensure that your business runs smoothly and that you stay on top of your financials and are complaint with Australian tax regulations. However, even small mistakes in your bookkeeping ...
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Accounting Ratios
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Have you heard of Accounting Ratios? If not, here is a brief explanation about them.Accounting ratios are a useful tool for analyzing a company's financial reports. They are a type of financial ratio that measures how efficient and profitable a company is.It shows the relationship between one ...
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Start moving your work to the new reports right away if you haven't already. This will give you enough time to get comfortable with them before the old versions are no longer usable.Below is a list of the newest additions to the reports:Columns in the aged reports will now hide itself if it's not ne ...
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Small businesses often struggle to keep track of their finances and cash flow. This can be especially challenging for busy cafes and restaurants, which often have to juggle multiple tasks, such as managing frequently changing staff and shifts, dealing with suppliers, and keeping track of cash flow. ...
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Bookkeeping software is created to record and track everyday business activities. There are many software can process tasks like Recording the Supplier bill, Payroll for Employees, Sales Invoices, GST filing, and Management reports.Who requires bookkeeping software?It is important to record the dail ...
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Small Business Immediate Flood Relief Program - Australia
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Businesses directly impacted by the Victorian floods that commenced in October 2022 can access a one-off grant of $5000 to cover immediate expenses. Businesses must be located within an eligible local government area and incurred significant direct damage to their place of business, business ass ...
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Your business needs an expert to help you organize your daily business transactions. A Bookkeeper can also help you produce important financial statements and make well-informed decisions based on data like budgeting & fundraising. Although bookkeeping and accounting professionals work in tande ...
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Introduction:The official start of STP Phase 2 was 1 January 2022. The introduction of the STP Phase 2 was delayed until 1 October 2022. The government requires you to accept STP Phase 2, there is no choice.STP Phase 2:It is the latest version of existing STP reporting. The payrun ha ...
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The best way to do the bookkeeping for Cryptocurrency is to record every transaction related to Cryptocurrency. This will look like a very long process, but it will reduce our time while reporting. Record Cryptocurrency: Debit your cash account if you are selling it for currency. Create a new cryp ...
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