Why You Should Avoid the Digital Trap When It Comes to Bookkeeping
Posted on:
3 December 2019
More transactions than ever are taking place in the digital realm these days. In fact, many traders try to do away with paper transactions altogether and simply send invoices, receipts, statements or notices online instead. If you're a small business owner, you may think that this is a great idea, as it will certainly help to cut down on that mountain of paperwork that sits in the corner each month. Yet as annoying as this paper may be, it may nevertheless be essential, and you may run into problems if you try and eliminate it altogether.
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Why Profit and Cash Flow Are Two Very Different Things
Posted on:
7 February 2019
If you're relatively new to the world of business but believe that you have a solid idea to bring to the market place, you may have done quite a lot of research to ensure that your product or service will actually sell. Along the way, you may have worked out how much it will cost to generate your saleable commodity and be fairly sure how much you can charge when everything is ready.
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Why You Should Always Employ the Services of an Accountant When Running a Small Business
Posted on:
29 June 2018
Unless you operate as a solo act in business, you will have to outsource some of the work necessary to keep the organisation running effectively. You may employ staff on a daily basis, or you may have some independent contractors on hand to do this for you. One way or the other, however, you can't take all of the work on yourself. Having said that, you may mirror a proportion of business owners across Australia, who hole themselves up in their study for hours on end as they slog through their own accounts.
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Advantages to Hiring an Accountant vs. Using Software Service
Posted on:
30 May 2017
Australians live in an age known as the digital revolution. People are ever more reliant on their connected devices, both in their personal lives and in their business endeavours. Many small company owners have invested in special systems to help them run their operations and in particular "software as a service" solutions, also known as SAAS. A number of these have emerged in recent years to help business owners with their accounting and record-keeping.
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