Hi Victoria, here from the bookkeeper hub. Again, just having a quick chat today about deposits in your business. Do you get payments in advance or deposits that are for particular jobs or items, it's a really good habit to actually move them to a separate bank account when you get paid, so that [...]
I know tax is a really, really boring subject, I get it. I'm a bookkeeper, I'm an accountant, I don't even really enjoy it. Well, I like taking money off the tax office and making you pay less, but I don't like paying tax whatsoever. Let’s explain how to manage your business taxes. In [...]
Have you ever heard of Parkinson's Law? Do you wonder how that relates to cash flow? This is really weird, right? So Parkinson's Law is that whatever you're doing expands to the time that you've got to do it in. Now, this relates to time, money, and toothpaste. Now, this is really random, bear [...]
Cash flow budgets are not sexy or exciting but they do assist you to plan your business and see how you are sitting moving forward. Accountants and bookkeepers work on a financial year. Most people work on a calendar year. So new year, new budget, cash flow budgets are important for you to know [...]
Distributed teams can be ideal for both businesses and workers. About 70 percent of people worldwide work out of the office at least once a week, and the freelance industry is steadily growing.
Xero is a cloud-based bookkeeping system that makes it faster and easier to maintain your business from any place. With over 400,000 businesses utilizing Xero globally, the cloud-based bookkeeping system is changing the face of business operations.
We mention bill automation frequently (because it makes running a business so much easier, of course). The ones we like the most for this purpose are Receipt Bank and Shoeboxed.
What kind of financial maintenance do you need for your business? There’s a common misconception that data entry, bookkeeping and accounting are similar disciplines but each position performs different duties (with some overlap).
