If you are a startup business owner, there will be a lot to take care of. You will have new employees to hire, an office to set up, promotions, and a lot more. You will have to take care of a lot of things to ensure everything is going smoothly. In all this chaos, one...
Do you end up delaying your bookkeeping tasks till the end and get caught up in the mess of invoices and other documents? Paying the wrong amount to your employees is a sign of poor bookkeeping. The significant impact of a poor bookkeeping process is on your funding...
Maintaining records in business books is one of the tasks handled by a small business bookkeeper for a company. Bookkeepers are responsible for providing up-to-date and accurate information about a business. They always handle business finances to help business owners...
Gathering financial records is good – but do you know what to do with financial data? Your annual reports and balance sheets won’t help your company with financial health if you don’t know how to analyse them. When you use your financial records accurately, your...
As a business owner, it’s crucial to prepare a bank reconciliation statement for your company. Bank account reconciliation statement helps companies address errors that can negatively impact their financial and tax reporting. It is also an essential way to prevent and...
A company that doesn’t maintain business books accurately may end up with business failure. This is because accurate bookkeeping facilitates you with accurate financial records important for business, and if you have messy business books, you won’t be able to make...
As a small business owner, effective bookkeeping is important for maintaining financial control, ensuring compliance with tax rules, and making informed decisions. However, many business owners find managing their own small business bookkeeping time-consuming and...
Payroll processing is a major financial responsibility for businesses with employees. Employers are required to compensate their employees for all work time, including attending meetings and opening and closing retail stores. Salaries must be disbursed monthly through...
As a business owner, you may know the significance of keeping your finances in order. Accurate financial records are crucial for making the right business decisions, complying with tax laws, and securing financing. This is where bookkeeping for small businesses comes...
Today’s blog post will share information on BAS due dates in 2024. Let’s know when you should lodge and pay BAS to avoid penalties. BAS Lodgment and Payment You will have several options for lodging your business activity statement (BAS). Filing electronically is...