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What can Slow Down Good Cash Flow and How to Deal with It?

What can Slow Down Good Cash Flow and How to Deal with It?

For business growth, profits and revenue are vital, while cash flow is king. If you don’t deal with cash flow problems early, you may have to face numerous financial issues. If you have bookkeepers of Melbourne, they can identify possible issues ahead of time, and...

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Results of Not Getting Bookkeeping Services for Your Company

Results of Not Getting Bookkeeping Services for Your Company

If you don’t manage your business books in the right way or even if you don’t do bookkeeping for your company, there are numerous disadvantages associated with it. Unorganised business books could lead you to pay a hefty amount for not paying attention to bookkeeping....

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Business Finance Guide: Short and Long Term Financing

Business Finance Guide: Short and Long Term Financing

Your business may be ready to launch or you may want to expand your existing business. For this, you will need to choose the right small business funding if you don’t have sufficient cash to fund it yourself. Mainly, small businesses have two categories to get funds....

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Xero vs. MYOB: Which Software is the Best for Your Company?

Xero vs. MYOB: Which Software is the Best for Your Company?

As a business owner, you may think of tools that can keep your business books organised and easy to access. When it comes to tools or software for bookkeeping, you may consider using Xero or MYOB software. Both are used by well-reputed companies and these software...

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Cash or Non-Cash (Accrual): Which Method is the Best for GST?

Cash or Non-Cash (Accrual): Which Method is the Best for GST?

Most of the time, many business owners get confused when they have to choose between cash and non-cash (accrual) accounting methods for their transactions. Most commonly, large businesses like to use accrual accounting for GST, on the other hand, small businesses have...

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How Can a Payroll Management System Help Your Business?

How Can a Payroll Management System Help Your Business?

Running a business is not an easy task because a business owner is usually responsible for everything, be it managing back-office operations or making a business strategy to gain success. However, it doesn’t mean that the business owner has to do everything. Payroll...

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Importance of Bookkeeping Services in Preparing for an Audit

Importance of Bookkeeping Services in Preparing for an Audit

Just thinking of an audit can cause tension and anxiety for many business owners. The notification of an actual audit can be stressful, causing a rush to find crucial papers, perform bank reconciliation, and otherwise "get things together." However, the reality is...

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The Ultimate Guide to BAS Preparation Checklist for Success

The Ultimate Guide to BAS Preparation Checklist for Success

Understanding the Australian tax code can be difficult for those who are not familiar with common tax-related tasks. However, every business owner needs to have basic knowledge about the basics of accounting and taxation systems. If you are unsure of where to start,...

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A Step-By-Step Guide to Do Payroll for Small Business Owners

A Step-By-Step Guide to Do Payroll for Small Business Owners

Are you confused about where to start when it is a matter of payroll? The blog will share what you need to do payroll. Setting up payroll correctly is absolutely vital for making sure of accurate payroll calculations and compliance with state, federal, and local laws....

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How to Optimise Financial Records for Small Businesses?

How to Optimise Financial Records for Small Businesses?

There are various record-keeping needs for businesses and there may be some laws and requirements related to your business. You can use either a manual system or an electronic system to keep records. Additionally, you need to make sure that your documents are safe,...

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How to Manage Accounts Payable for Maximum Efficiency?

How to Manage Accounts Payable for Maximum Efficiency?

Like other duties, managing payables and paying debts is also important to maintaining the healthy financial status of the company. From small businesses to large ones, accounts payable is an indispensable task that must be done accurately and needs strategic...

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What is a BAS? Difference between BAS Agent and Bookkeeper

What is a BAS? Difference between BAS Agent and Bookkeeper

When you ask a business owner what is the most annoying part of running a business, then most probably, they will say preparing for tax season and preparing a business activity statement (BAS). It is a legal requirement to stay on top of BAS, but for many business...

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10 Best Payroll Software for Australian Businesses in 2023

10 Best Payroll Software for Australian Businesses in 2023

For any business, payroll is an essential process as paying your staff on time and following employment laws is important. You can automate some processes using payroll software. The best payroll software will save you valuable time and money. However, with so many...

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Need of a Bookkeeper and How Much Does a Bookkeeper Cost?

Need of a Bookkeeper and How Much Does a Bookkeeper Cost?

Running a business is not an easy task and you may not have the time to manage your own business books. If you are considering hiring a bookkeeper, one of the first things you will consider is how much does a bookkeeper cost? Below is an overview of the need for a...

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