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Changes-in-Payroll-from-01-July-2022
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Changes in Payroll from 01 July 2022

Date: June 7, 2022
Categories: Bookkeeping
Changes in Payroll 1. Superannuation contribution cap of $450.00 will be removed.The minimum wages for Superannuation contribution are said to be removed and the employer must pay Superannuation for all the employees over the age of 18 if they work more than 30 hours per week.2. Sup ...
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Why Expense Tracking is important for Small business?
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Why Expense Tracking is important for Small Business?

Date: May 6, 2022
Categories: Bookkeeping
At the beginning of a small business, paying a subscription fee for an expense tracker may not be feasible. In this case, small businesses can use an excel dashboard template to track their expenses. While the tracking will be manual, you will be on top of your finances.Why do you need Excel Dash ...
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E-commerce Bookkeeping

Date: April 8, 2022
Categories: Bookkeeping
E-commerce Bookkeeping requires extra care and focus to maintain and keep the books in order. If the responsibility to manage E-commerce Books were given to be a general bookkeeper, the books might become messy within a few weeks if not taken care of regularly. This business requires specialised boo ...
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Cash Flow Management

Date: March 6, 2022
Categories: Bookkeeping
Cash Flow Management is one of the biggest secrets of small companies and is essential for them to succeed.Cash plays a vital role in small businesses. Do you know the reason why?Cash helps the small businesses to go on with less profit or no profit for the long term. If the businesses do not have e ...
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Why Expense Tracking is important for Small business?
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Elevating the Admin Role in your Accounting Firm

Date: February 9, 2022
Categories: Bookkeeping
For the past decades, “Robo-accountants” have been the talk among accountants across various firms. The fear of Artificial Intelligence (AI), machine learning, and automation replacing administrative jobs still loom large.However, it’s really important to not forget that certain things such as ...
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Awards
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Awards

Date: January 6, 2022
Categories: Bookkeeping
Awards (modern awards) are legal documents that outline the minimum pay rates and conditions of employment such as leave entitlements, overtime, and shift work, amongst other workplace-related conditions.With the National Employment Standards, these awards provide a minimum safety net of terms and c ...
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Legal Firm Accounting and its modalities

Date: December 9, 2021
Categories: Accounting, Bookkeeping
Legal firms provide legal advice and representation and prepare legal documents. Solicitors, Barristers, and legal aid offices typically offer these services. Alternative dispute resolution, conveyancing, and intellectual property services are also included in the industry.Legal work is to be done t ...
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Directors Identification Number

Date: November 8, 2021
Categories: Accounting, Bookkeeping
A Director Identification Number (Director ID) is a unique 15-digit identifier that a director will apply for once and will keep forever. A director can only have one DIN that they must use for all companies.A Director ID:Starts with 036, which is the 3-digit country code for Australia under Interna ...
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Forecasting the future with Xero Analytics Plus

Date: August 9, 2021
Categories: Bookkeeping
Xero never stops surprising us with the new features and benefits for their new and existing customers. Hubdoc is one of the most successful introductions in 2020 and for 2021 it is Analytics Plus.Xero has released Analytics Plus a new suite of planning and forecasting tools.Some features of Xero ...
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First principles: Bookkeeping
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First principles: What do accountants really do?

Date: August 23, 2018
Categories: Accounting, Accounts, Bookkeeping, Business Service, Corporate, Superannuation
There’s a great scene in “The Silence of the Lambs” where Hannibal Lecter guides young FBI agent Clarice Starling in her pursuit of a serial killer by getting her to return to “first principles,” asking, in the manner of Roman philosopher-emperor Marcus Aurelius, “What is this thing i ...
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