Do you buy business items with your own non-business funds i.e. your cash? Do you include these purchases in your accounts? Surprisingly, some of our clients don’t think that they can or should include cash receipts in their books. This is not the case!
…Don’t Forget Those Cash Receipts! Read More »
We like to think that we’re doing a pretty good job at being a paperless office. We only print when we absolutely have to, all client files are saved electronically and any paper documents we receive, are scanned to pdf and then recycled. This system works well but the problem is, we started it many years after our business began. In the early years, we did print everything and all client files were kept in hard copy format. Therefore, as paperless as we are now, we still have cupboards full of client data from prior years. Recently, we decided that it was time to get rid of the clutter!
…Let’s get shredded! Read More »
Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the “Employers’ Toolbox”, a simple guide to getting started including all of the resources you will need along the way.
Employers’ Toolbox (free download) Read More »
The number one things that kills most businesses is poor cash flow. Lack of money basically means that your business will struggle to function and if this continues, may even mean you have to close the doors. Luckily there are ways to improve cash flow issues. Read on to find out about 5 ways you can improve your cash flow.
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5 ways to improve your cash flow Read More »
One of the most useful features found in cloud-based accounting software such as Xero and Saasu is the ability to upload and attach documents to various transactions. This is great because it means that not only are you complying with your record keeping requirements, but you can also verify your purchases with others. By “others” I mean your accountant, bookkeeper and yes, the ATO should they ask for supporting evidence. Most Saasu and Xero users will be aware that they can upload and attach source documents to sales and purchase invoices. What they may not be aware of is that you can also attach documents to journal transactions. Today I will show you how this done in Saasu.
How to make journals in Saasu & Xero more useful Read More »
Do you understand why record-keeping is so important (whether you’re in business or not)? No? Well here is your complete why what and how of record-keeping. Learn why you should do it and exactly which documents you should be keeping in today’s blog! This blog will assist you whether or not you are a business owner.
…Record-keeping – why what and how Read More »
Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the “Employers’ Toolbox”, a simple guide to getting started including all of the resources you will need along the way.
Employers’ Toolbox (free download) Read More »
Bookkeepers and accountants who are processing your accounts may ask you to present “source documents” to verify the information in your accounting file. What are source documents and why are they important?
…What are Source Documents & Why are they Important?Read More »
What are Source Documents & Why are they Important? Read More »
The end of the financial year (EOFY) is a busy time for business owners. There are many things to finalise and prepare. To ensure your business is ready for the EOFY, we have prepared answers to 9 questions small business owners may have about the EOFY. We cover things like small business expense deductions, record-keeping, documents you need to prepare for your accountant and much more.
We have created a PDF fact sheet for you to download. Here it is, enjoy!
…9 End of Financial Year Preparation Tips (Fact Sheet Download)Read More »
9 End of Financial Year Preparation Tips (Fact Sheet Download) Read More »