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.
Understanding financial reports is a fundamental skill for business owners for effective business management and financial success.
It is often confusing and overwhelming for business owners to get a grip around accounting and bookkeeping terms.
In this article, I will explain the importance of understanding bookkeeping terms and define the most common ones.
Using an accounting software for your business is the smart way to manage your business’s financials and a smart decision as a business owner no matter how small your business is.
Having a seperated bank account for the business is one step in setting up a good foundation for your business.
Here are my reasons why a sole traders should have a seperated bank account for the business.
The new financial year is here and it’s time to make sure you are ready.
We are now in the last stretch of the financial years, so no better time to make sure your business financial records are up to date.
Issuing invoices is one of the day to day activities when running a business.
Here is a list of all details to be included in an invoice.
An organised workspace is essential for an efficient work environment, increasing productivity and allowing you to focus on your work.