Welcome to our bookkeeping blog! We share bookkeeping tips, software updates and the latest news from the ATO. Sometimes we get a bit cheeky and let you know what we really think about this industry, but we try to behave ourselves most of the time! Enjoy the read and if you’re looking for anything in particular, hit the search button above.
It is very common for businesses to purchase major assets such as motor vehicles via a loan. They can use a commercial bank loan but
Last week I reviewed the workings of a balance sheet and showed you how you can use it to make better decisions for your business.
In our last 2 blogs, we explored the chart of accounts. We looked at the accounts within the chart in detail and explained that each
This is part 2 of a two-part blog which will give you an in-depth explanation about the working parts of a chart of accounts. Revisiting,
The chart of accounts is simply a list of all of the account types you might use when recording your business income and expenditure activities.
The foundation of any good accounting system is the chart or list of accounts. A good accounts list will enable you to accurately account for
This is the final part in a three-part blog series about Business Activity Statement (BAS) labels and what they all mean. You can read part
Welcome to part 2 of my 3-part blog about Business Activity Statement (BAS) labels. In part 1, I covered the “G” labels which are all
The Business Activity Statement (BAS) has been around now for 14 years. You would think that would be enough time for us all to get