Officiency

ABN obligations and responsibilities

ABN obligations and responsibilities, small business bookkeeping

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.

Common Bookkeeping Terms Explained

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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. 

Accounting Software for Sole Traders

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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.

Bank Account for Sole Traders

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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.

EOFY Bookkeeping for Sole Traders

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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.

Home Office Organisation

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An organised workspace is essential for an efficient work environment, increasing productivity and allowing you to focus on your work.