Bookkeeping

common mistakes in accounting

10 common management mistakes in accounting for businesses 1.     ” a good business owner does not run a business blindly with out knowing your accounting scoreboard”   For those of you that know our firm, you would most likely have heard us stress the huge importance of a business  having accurate and timely information to…

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Easter Update

Happy Easter  So what should you being doing financially in April… For businesses it is again Bas time for the March quarter. The tax agent extension date due is 28/4/17 if you are lodging it with us as your tax agent. Now is also a great time to review using your accounting software well, perhaps…

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Book keeping what to do in the new financial year

What to do at the start of the new financial year Here is a simple checklist to make sure you start your new financial year well and with good bookkeeping. Happy new financial year from Tax Accounting Adelaide. For help with your new financial new year call for an appointment on 08 83374460 or book…

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Business basics for newly arrived Australians

Tax basics for those newly arrived in Australia starting a business Apply for an ABN Apply for an Australian Business Number to comply with the Australian tax laws Produce a complying tax invoice for your sales Do you need a trading name? A business name other than your name needs to be registered Choose an…

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Bookkeeping by Spreadsheets versus accounting software

Should you move from spreadsheets to accounting software… Why should I move from spreadsheet bookkeeping to using accounting software? I am often asked when businesses are new or fairly new, if they should do their bookkeeping in a spreadsheet and probably not sure why using accounting software like Xero could actually be beneficial. Yes doing…

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Simple ways to save on losing money on bad debts

How to avoid bad debts Here are some tips on the topic how to avoid nasty bad debts: It’s very important to have an engagement letter which outlines your price and scope of services fully, make sure this is legally signed before you proceed work. Include a clause which states that you will pass on…

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Systems that work for Business

Tips on having great little systems that work for your business Have you ever wondered why some of your simplest business systems are often the best. This month, our business networking group discussed ways of they use systems to help their businesses. Here are what some other businesses do that works for them: use job…

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Introduction to Wave

Wave is originated from Canada and it’s been widely used in America and Canada since 2010. It is a cloud-based accounting software and designed for small businesses that have less than 9 employees. The biggest advantage of Wave is that it is totally Free and unlimited on all functions! You don’t have to be an…

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How to Save Time?

Our recent business networking meeting discussed the topic of how to save time. Our business owners gave us their tips on how to save time in our professional lives. Train and delegate to staff. Discipline yourself to begin to show your staff how to do things and eventually they will be able to take care…

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Ways to Measure Business or Financial Performance

This month, our business networking group discussed ways of how to measure business or financial performance. This was a great discussion and revealed many new benchmark ways business owners are using to monitor the performance of a business or financial lives. Look at your profits and numbers, do this at least monthly or quarterly. Remember…

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