Blog tagged as bookkeeping
Sending invoices is a major role for a business owner, without them, you don’t get paid. Cashflow Manager has the functionality to customise your customer invoicing templates. By using a customised layout, you can add on a logo or image, personalised messaging, payment terms and payment information.
...
Cash is vital for small businesses – to pay their staff, to purchase stock, meet their tax obligations and explore new opportunities. A lot of our small business clients experience cash flow troubles due to their accounts being settled late.
Avoid feeling awkward about chasing up late payments ...
A business budget is a vital tool for success in starting and operating your business. It can help you plan the items and expenses necessary if you are a start-up, assist you with getting a business loan, show you how much you can spend each month, and help know how much money you need to make to me...
The Australian Tax Office (ATO) have simplified GST reporting for small business by reducing the amount of GST information required in Business Activity Statements (BAS).
From the 1st of July 2017, small businesses will be automatically transferred to Simpler BAS. There are no changes to the rep...
In our recent blog “ATO announces simpler BAS reporting for Small Business†we discussed how the ATO” introduction on 1 July 2017, of simplified BAS would make it considerably easier for small business to manage their returns.
Basically, the reporting requirement for BAS has been simplified so that...
It’s time to put your bookkeeping processes under the microscope again as we draw closer to the end of financial year.
It seems that bookkeeping is either a task left in the ‘to do’ basket until it’s too late or done at the last minute, increasing the likelihood of mistakes. I know that many small to...
With the October 28 2016 deadline for the implementation of SuperStream looming, employees with 19 staff or less must act now. By that date, all employers must comply with the new SuperStream reporting method when making superannuation contributions to employees’ nominated accounts.
Through SuperStre...
Payroll is a daunting task for any small business owner.
With deadlines to meet – which now includes Single Touch Payroll (STP) – leave payments to make, and superannuation to pay, mistakes are can made. Furthermore, taxes relating to payroll can be complicated and the penalties for any errors c...
The promise of New Year promises new opportunities, changes, excitement and of course the chance to make resolutions. This time of year is also the perfect opportunity to reflect on the progress your small business has made in the last 12 months and plan for the next 12.
If you are starting a new bus...
A bad habit that many small business owners admit to is that they do not put time into doing the books very often. Sometimes this stretches for months at a time and culminates at tax time. However, a regular bookkeeping system can provide you with benefits that you would otherwise miss out on.
Bookke...
So, what is the first small business bookkeeping deadly sin? Failing to complete a bank reconciliation.
It is one of the first things your business accountant and tax auditor will want to see. It is an easy way of ensuring your finances are up to date and indicates the quality of your records.
Non-rec...
The fresh feeling of heading back to school after a break inspires and motivates students. Often small business owners and customers have that initial motivation too, but over time it wears off. Not only do you need to remain enthusiastic and focused, but your customers need to be reminded why they ...
Volunteers are the lifeblood of any not-for-profit organisation and without them things just wouldn’t happen. But unfortunately you probably face a revolving door of new committees and treasurers most years; or maybe the people putting their hand up don’t have the skills you need to keep the organis...
