Category: Accounting Records

Accounting & Bookkeeping – What’s the Difference?

Accounting & Bookkeeping – What’s the Difference? Bookkeeping

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 […]

How Often Do You Need to Update Your Accounting Records

How Often Do You Need to Update Your Accounting Records 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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