Running a successful business entails keeping accurate and timely financial information. A clear financial picture lets you monitor your business's success or failure. A good record-keeping system also provides the information you need to evaluate the financial consequences of your decisions. As a small business owner, you probably rely on an outside accountant to do your … [Read more...] about Record-Keeping: Essential Strategies for Maintaining Business Records
Bookkeeping
7 Tips On Accountancy for Tradies
If you’re working as a tradie, it can often seem like the accounting and tax rules are specifically geared towards making your life difficult. But the good news is that there are ways to make things much simpler for you. Keeping an eye on your accounts and taxes will not only save you money in the long run but can also help you to avoid being caught out by tricky tax codes and … [Read more...] about 7 Tips On Accountancy for Tradies
How to Have the Finances of Your Company Easily Managed
You don’t need to take an extremely lengthy course to know that the main aim of a business is to earn revenue and make a profit. However, it takes a lot of math to tell if a company actually made profits or incurred losses. This is mostly determined at the end of each quarter or financial year, but other scenarios are possible as well. For instance, a business can incur such a … [Read more...] about How to Have the Finances of Your Company Easily Managed
Accounting for Nonprofits
Organizations that serve the public, such as nonprofits, make communities more valuable and livable. This is in contrast to for-profit organizations and businesses established to generate revenue for owners, whereas not-for-profit organizations exist to address society's needs. The purpose of nonprofit organizations is to serve various sectors, including the arts, health, … [Read more...] about Accounting for Nonprofits
5 Benefits of Online Bookkeeping
The COVID-19 pandemic and subsequent lockdowns have wreaked havoc on national and global economies, leaving many people strapped for cash or unemployed. However, it has also provided the opportunity for many to rethink their career priorities. With this in mind, we've seen large numbers of people pursuing personal passion projects and launching businesses of their … [Read more...] about 5 Benefits of Online Bookkeeping