So a big question I often get is, what are payment terms and what is the importance? Don’t businesses just pay the invoice by the due date? You would hope so, but unfortunately, this doesn’t always happen. So, let’s chat through this. What is...
If I had a dollar for every time I was asked this “what is the difference between a bookkeeper and an accountant”, I would have a lot of admin with my accounts receivables! I posted last week about what a bookkeeper does, and why they are so crucial for...
What is cash flow? And why do I need to make my cash flow?? Are we talking about physical cash?? “Cash flow” is just a fancy word for the money in your business. It can be confusing because often when we talk about “cash” we are referring to...
How do you know if your business is at a stage that you need a bookkeeper? First, it is really interesting to understand that bookkeeping has evolved from what it was when it first became a professional. I think that these days people assume that bookkeeping is the...
What is GST and does it apply to all businesses? GST is the Goods & Services Tax which was introduced to Australia 1999 as a 10% tax surcharge on most goods and services except for things like foods, doctors visits, some childcare services, etc. In 2019 they...
You’re wearing too many hats in your business! So, put your hands in the air, and step away from the bookkeeping-hat. Let us wear the stress and boredom of compliance and accounting.
