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For the month of November, Small Business Month gives small business owners the opportunity to celebrate. This initiative, brought to us by the NSW Government, focuses on providing small businesses with new skills, activities and ideas. There are many events open to...

Disclaimer: This article is highlighting practices that do not necessarily reflect all members of the accounting profession. It is designed to make business owners curious about their own situation and encourages them to ask specific questions to avoid being taken...

As much as we might like it to be so, your business processes and financial management won't improve instantly by purchasing new accounting software.  Once you have made the decision on [which accounting package is right for you], it's important to set it up...

Developments in accounting software mean small businesses now have access to real-time financial data, but few are putting it to good use. Take hold of this opportunity and gain effective insight into your business with the help of a Management Accountant.    The...

Choosing the right accounting system for your business If your business is growing strong, it’s probably time to move on from your familiar spreadsheet to an accounting system. It’s a big change that requires a big decision. So which accounting system should you...

“Help, my business is growing!”: Setting up your bookkeeping for the next phase Most small businesses start as one person – it’s just you and the big, wide business world! But that’s OK because you can still manage everything yourself at this point. You can keep your...

From a side hustle to a success: The basics of starting a small business in Australia Starting a business is one of the most exciting decisions you can make in your life. It can also be one of the scariest. Having a side hustle or big business idea is great, but how...

I am often asked this question: ‘Can I lodge my BAS myself?’ Most accountants and BAS agents say no and have many stories of messy clean-up jobs to prove why. However, on the other hand, the ATO has collaborated with leading software providers to make reporting to the...

Let’s just not kid ourselves - the profession that is focussing on getting clients books in order for the quarterly/monthly activity statement is dying. The pool of fish gets smaller and smaller - predators fishing out the ones that are too overworked to fight for the...

  Bookkeeping software automation is like the Tesla car - it can drive on its own but it will crash without the right settings and input. What a century we are living in! As an accountant who started in the early days of computing I remember the revolution of...