Finding Help with Bookkeeping – Where To Start

All businesses in Australia are required to provide financial documents to the Tax Department. Big businesses often have a team of accountants and bookkeepers, but what about small businesses? Whether you are a sole trader just starting up, or you are an established small business with a small team of employees, employing your own bookkeeper full time is probably not an option you can afford.

But having a bookkeeper is crucial for many reasons and they can help your business in numerous ways. It is good to know that wherever you are up to in your business journey, there is help available. Continue reading

Key Features of Xero – Features Small Businesses Will Find Useful

Xero

Each business is unique and many factors need to be taken into account when selecting accounting software which best suits your business. All accounting software will handle the basics of accounting and produce accounts, but they vary in their functionality and how much they can do.

Xero is a cloud-based software which is perfect for small and medium businesses, sole traders, start-ups and freelancers. It is specifically designed as a simple accounting software which provides users with the tools they need to handle all the basic accounting functions at a reasonable price. This includes creating purchase orders, managing expenses, and viewing cash flows, transactions and account details. Continue reading

Benefits of Using a Certified Bookkeeper and Registered BAS Agent

If your business is registered for GST, the ATO requires you to lodge a Business Activity Statement (BAS). The BAS helps you report and pay taxes including GST, PAYG instalments and PAYG withholding tax.

Registered BAS Agents are there to help you navigate the ever changing minefield of the Australian taxation system, obtain the maximum benefits and avoid penalties.

Before finding out exactly what they can do for you, let’s begin with their qualifications. Continue reading