What Does a Bookkeeper Do in a Business?

People who excel in their chosen field will often opt to start a business. They may think that they can simply do the work and get paid. However, there are many other facets that all contribute to your business’s success. One of the key aspects is managing the finances and reporting income and outgoings to the Australian Taxation Office. This might seem straightforward enough, but there is a wide range of factors that you need to take into account when it comes to the day-to-day running of your business. As a business owner, you may recognise that you need a bookkeeper. But what is a bookkeeper? And what work do bookkeepers do? Let us break down exactly what they are and how they can help your business. Continue reading

How to add an employee in Xero: a step-by-step guide

How to add an employee in Xero

Learn how to add an employee in Xero correctly to ensure you comply with Australian employment regulations and requirements, as well as setting up payroll and superannuation information. Follow this easy step-by-step guide and video tutorial.

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Online Bookkeeping: What are the pros and cons?

Online bookkeeping has many benefits

Many Australian businesses are turning to online bookkeeping services to manage their bookkeeping needs, but what is it that a small business owner should look for in a bookkeeping service, and is this the right choice for your business? Let’s look at some of the benefits and challenges associated with using an online bookkeeper to help manage your accounts.

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Outsourced Bookkeeping: Benefits vs Hiring In-House

outsourced bookkeeping services have many benefits

As a business owner, you’re probably all too aware of how important accurate and reliable bookkeeping is to your operations. It’s a function that most successful businesses couldn’t do without. Not only are there potential risks to your business if bills and payroll aren’t paid on time, the Tax Office could also come knocking when BAS lodgements are late and taxes remain unpaid. Being such an important role in your company, you might think that the safest approach would be to hire a bookkeeper in-house. However, there is also the alternative of outsourced bookkeeping that can provide greater security and flexibility, as well as time and cost benefits.

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Bookkeeping for Small Business – Expert Guide

Small business bookkeeping - expert guide

If you’re running a small business, having efficient and effective bookkeeping systems in place is crucial to giving your business the best chance at success. Regardless of whether your small business is in the start-up phase of launching or it has been trading for a while, knowing that your financial records are in order goes a long way towards freeing you up to focus on the goals of your business and helps you to make informed decisions that can impact your bottom line in the longer-term.

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Xero Projects: Is it worth the extra cost?

Xero Projects logo

As a business owner, you know that time is money. And when it comes to managing your projects, you need a tool that can help you save both. That’s where Xero Projects comes in. Xero Projects is a project management add-on for Xero accounting software that can help you track time, expenses, and tasks against projects. It also allows you to create quotes and invoices, so you can get paid faster.

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Quickbooks Time Tracking and Rostering Overview

Quickbooks Time Tracking rostering software integrates seamlessly with Quickbooks Online accounting software

As your business grows, one of the biggest pain points can be managing the time of your staff and making sure they’re productive. When you can no longer manually schedule their time and assign work, what options are available?

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End Of Financial Year Accounting Checklist

End of Financial Year Accounting for your business

The words ‘June’, ‘end of the financial year’ and ‘tax time’ often strike fear in the hearts of business owners.  Although the end of the financial year can be a very daunting and stress-inducing time, it doesn’t have to be.  When you invest in the services of a bookkeeper and an accountant, you put yourself in the best position to make this a routine, yearly process.

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MYOB Workforce Management and Rostering

myob workforce management and rostering

Choosing the best MYOB workforce management and rostering app for your business will depend on the type of industry you are in, how many staff you have, and how often their shifts change. If you want your business to operate efficiently, you need the right staff – but even more importantly, you need the right staff at the right time. Having too few staff working during peak hours, or too many during slow periods, great sales agents on holidays in high-sales seasons, or giving the wrong jobs to the wrong people can all impact your business success. A properly designed workforce management and rostering app can help a business get the best from its employees by keeping them on track while also improving job satisfaction.

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Financial Reporting in MYOB – An Overview

MYOB accounting software

Financial reporting with MYOB has never been easier! MYOB accounting software allows you to create detailed reports about any area of your business. Monthly/Annual reports are very important as they will provide you with valuable insight of your stock items, customers and payroll.

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