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.
The Goods and Service Tax (GST) in Australia is now 14 years old and it’s rate and structure have not changed since it was first
Recently one of my clients rang me because her business activity debt was very high and she was panicking because she was unable to pay
Recently the Tax Practitioners Board (TPB) (governing body for BAS & Tax Agents) released a special symbol or logo to all BAS and Tax Agents
Last week’s blog was all about Chattel Mortgages, what they are and how to account for them in your general ledger. This week I am
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.