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5 Errors to Avoid When Filing Your Business Activity Statement

5 Errors to Avoid When Filing Your Business Activity Statement

by admin | Mar 15, 2024 | Small Business Bookkeeping

Simple mistakes while filing business activity statements can cost money and time. Therefore, you must know what mistakes you should avoid when lodging a business activity statement. If you are not familiar with the preparation and lodgment process of a business...
GST Reporting with Cash or Non-Cash (Accrual) Method

GST Reporting with Cash or Non-Cash (Accrual) Method

by admin | Mar 12, 2024 | Bookkeepers Near Me

Are you confused about choosing a method between cash and non-cash accrual for reporting GST? No worries, the blog will help you understand the difference between these two accounting methods for reporting GST. Mostly, large businesses choose the accrual method for...
Why Do We Prepare a Bank Reconciliation Statement?

Why Do We Prepare a Bank Reconciliation Statement?

by admin | Mar 8, 2024 | Bank Reconciliation

Basically, bank reconciliation is the process of matching the cash balance that shows in the company’s business books against the actual cash in the bank. With the increasing use of entities to receive and make payments, it is valid to think about bank account...
What are Internal KPIs in Bookkeeping for Small Businesses?

What are Internal KPIs in Bookkeeping for Small Businesses?

by admin | Feb 26, 2024 | Bookkeeping Services

The methods of maintaining business books have changed over the past few years. They are different to the way they were 5 or 10 years ago. Due to this fact, bookkeeping for small businesses needs different KPIs (key performance indicators) today. KPIs for bookkeeping...
Do Bookkeepers in Melbourne Handle Accounts Receivable?

Do Bookkeepers in Melbourne Handle Accounts Receivable?

by admin | Feb 13, 2024 | Bookkeeper Services

Every business owner needs a bookkeeper to manage their financial matters properly. Bookkeepers are crucial parts of the company who engage in the day-to-day execution of financial matters and record-keeping. Among the typical tasks, bookkeepers in Melbourne are...
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