QuickBooks has been a long-term key market player in the cloud accounting software sector with good reason. It's intuitive, packed with features, and could well be the answer to your bookkeeping needs. In Australia, QuickBooks is one of the most popular accounting software programs for small and growing businesses. Throughout this QuickBooks review, we will […]
Xero accounting software is perfect for small businesses, sole traders, start-ups and freelancers. By design, it is a simple accounting software that handles all the basic accounting functions a small business needs, at a reasonable price. However, that does not mean Xero lacks the quality or additional features a small business might need as it […]
Let’s face it – bookkeeping, for most business owners, is boring. People go into business because they are good at a particular skill or have a passion for something. They rarely also have a passion for balancing books. This is why it is so vital to find the right software to help manage your accounts. […]
Accurate and organised bookkeeping is an essential part of operating a business. Luckily for you, modern accounting software has made the process easier and faster than ever. If you’re using Xero, MYOB, or QuickBooks already, you can enhance their functionality with plugins. Two of the big ones are Hubdoc and Dext. They are both designed […]
The small business income tax offset is a valuable tax relief measure designed to reduce the tax burden for small business owners like you in Australia. By taking advantage of this offset, you could lower your tax liability and potentially pay less tax overall. In this post, we’ll walk you through what the offset is, […]
The obvious aim of every business is to make money. The key here is to maximise income while minimising costs. In the wake of the 2020 pandemic, this has become so much harder for many businesses to achieve. One way to begin reducing costs is by looking at your bookkeeping. Sadly, you can't do away […]
Hiring your first employee? Discover the legal requirements of hiring employees in Australia, from contracts and Fair Work compliance to tax, super and onboarding.
Running a small business in Australia means managing day-to-day operations, looking for new opportunities, and working to grow. The last thing you want to do is spend hours trying to figure out the tax rate for a small business or whether you're taking advantage of all the deductions you're entitled to. This blog post will […]
If your business is like most other businesses, your finance department spends the last few weeks of the year preparing the budgets for the following year. They forecast for the year ahead by using historical data to calculate projected income and costs. Every year, trading conditions and tax law evolve, meaning that this process looks […]
Bookkeeping and accounting are both essential functions when it comes to managing your finances. Most businesses utilise both because, while there is some overlap between the two, they also have some crucial differences. They work in different stages of the financial cycle. In very simple terms, bookkeepers record business data and accountants analyse the data.
