Small Business Bookkeeping is the process of recording all financial transactions made by a business. Bookkeepers are responsible for recording, classifying, and organizing every financial transaction that is made through the course of business operations. Bookkeeping differs from accounting. The accounting process uses the books kept by the bookkeeper to prepare the end of the year accounting statements and accounts.

Why Bookkeeping is Important for Tax Purposes?

Why Bookkeeping is Important for Tax Purposes?

For every small business owner, tax season is a stressful season if they are not well prepared for it. Well, the first step to making a tax season more manageable is by ensuring accurate bookkeeping. Proper bookkeeping is the key to helping you navigate the tax...

7 Things to Consider When Recording Payroll Expenses

7 Things to Consider When Recording Payroll Expenses

Payroll is a payment that a business pays to its employees. You can often leave this burden of managing payroll to reliable bookkeepers in Melbourne. Apart from worker’s salary, payroll also includes maintaining records of those payments and paying taxes on behalf of...