Bookkeeping Basics for Small Business

The following 9 tips will help you set-up and manage your bookkeeping to help you stay compliant, understand your finances, and take control of your business. We know as small business owners you wear a myriad of hats to ensure your business runs smoothly and successfully—from sales and marketing, managing clients and employees, paying the […]

Accounting & Bookkeeping – What’s the Difference?

Accounting & Bookkeeping – What’s the Difference? Accounting and Bookkeeping services are both important in managing your business finances, but many business owners don’t know the difference. While Bookkeepers and Accountants share the same goal of supporting your business and helping you to achieve success, they have very different roles. Simply put, Bookkeeping is the recording […]

How Often Do You Need to Update Your Accounting Records

The Australian Taxation Office, requires all business to keep their accounting records for at least five years. All records should be in accordance with Generally Accepted Accounting Principles (GAAP) and Australian Accounting Standards. Records that you should have readily available in either printed or electronic format include but are not limited to: • Governing documents […]

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