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Bookkeeping Mistakes to Avoid

Date: August 2, 2023
Categories: Bookkeeping
The following compiled list of mistakes that small businesses need to avoid will help you improve your business’s financial position. When these common mistakes are avoided, you will be able to save time and money while also maintaining your books in order.Not Knowing Your Expenses:This is ...
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Evaluate Your Business Budget

Date: July 4, 2023
Categories: Bookkeeping
Having a clear picture of your budget to see where you need to shift some of your priorities is essential for the business life to run normal. It helps you to pay attention to how your spending has affected your business over the past few years and how far it has helped you to achieve or deviate you ...
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Cyber Security for Small Business

Date: May 29, 2023
Categories: Bookkeeping
Numerous businesses are now operating digitally after making the necessary transitions. As companies continue to utilise the plethora of information and resources made available by the government, software, and industry associations, the landscape for small enterprises is gradually changing. What h ...
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Tax Refund
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Save Your Receipts To Maximise Your Tax Refund!

Date: April 30, 2023
Categories: Bookkeeping
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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Common Bookkeeping Mistakes to Avoid

Date: April 3, 2023
Categories: Bookkeeping
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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Accounting Ratios

Date: March 9, 2023
Categories: Bookkeeping
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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Embrace the Change: Shift to Fresh Reports Today

Date: February 7, 2023
Categories: Bookkeeping
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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Bookkeeping for Cafes and Restaurants

Date: January 9, 2023
Categories: Bookkeeping
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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How Bookkeeping Software can help your Business?

Date: December 9, 2022
Categories: Bookkeeping
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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Immediate Flood Relief Grant for Small Businesses

Date: November 7, 2022
Categories: Bookkeeping
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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