As a business owner, the way you monitor your business's finances is fundamental. One key decision you will have to make is to choose between two accounting methods: cash basis or accrual basis. In this blog, we will explain the two methods and the important implications of selecting the right one for your business.
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Maintaining accurate financial records and implementing effective bookkeeping processes is extremely important for small business owners. In this article, we will explore the significance of having structured bookkeeping processes in place, break down essential bookkeeping tasks by frequency, and provide practical tips to streamline your bookkeeping operations.
This article aims to provide you with a fundamental understanding of Goods and Services Tax (GST) is Australia and your responsibilities as an Australian business owner.
It is a legal requirement for every Australian business to have an Australian Business Number (ABN). This article will explain the process and requirements of obtaining an ABN, your obligation as a business owner to maintain your ABN registrations and good practices when it comes to checking your contractors’ and suppliers’ ABN registration.
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As a fellow small business owner, I understand how daunting managing your financial obligations can be. My bookkeeping, BAS and software services are very flexible, ranging from one-off consultation sessions to ongoing bookkeeping support. With a focus on building confidence, I can guide you to gain knowledge and understanding, as well as feel supported every step of the way.