Can a Bookkeeper Do Tax Returns? 5 Essential Roles Can a bookkeeper do tax returns? Are you one of the business owners unsure if getting a bookkeeper can significantly help with tax returns? Handling tax returns can be a daunting task for both individuals and businesses. A bookkeeper can significantly ease this burden by […]
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Unlock the Secrets to Successful Small Business Cash Flow If you’re a busy entrepreneur, you’ve probably heard the term tossed around quite a bit. But what does it really mean, and why should you care? Well, buckle up, because we’re about to dive into the world of cash flow and why mastering it is essential
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Can Effectively Managing Cash Flow Make or Break your Business? Ever feel like your business is running out of cash despite healthy sales? Well, that happens to some business owners who do not have good cash flow management in place. Managing cash flow is one of the biggest challenges faced by entrepreneurs and business
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The Crucial Role of Accurate Financial Record Keeping in Business Success Let’s talk about a topic that might not be the most exciting, but absolutely important for your business success- accurate financial record-keeping. Now, before you roll your eyes and start snoozing, have you ever found yourself scratching your head, wondering where your hard-earned money
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Is Your Business Financially Healthy? The Balance Sheet Tells All Financial stuff can feel like a foreign language. But the balance sheet? That’s your inside scoop on everything happening with your business’s money. Understanding your business’s financial health and using a financial health checklist is essential for sound decision making. The balance sheet holds the
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EOFY Headaches? This Simple Bookkeeping EOFY Checklist Is Your Solution Bookkeeping is an essential record-keeping of your business’s income and expenses. It’s the foundation of knowing how your business is really doing. But for many business owners, the End of the Financial Year (EOFY) brings a wave of EOFY headaches. Scrambling for receipts, untangling
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what is hubdoc? HubDoc is a cloud-based platform and the ultimate time-saver, simplifying the often-cumbersome task of document collection and organisation. Think of it as your virtual personal assistant. The perks are endless: automatic fetching of financial documents, intelligent categorisation, and secure storage. Not to mention, it integrates easily with accounting software programs like Xero
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5 Common Bookkeeping Mistakes Made By Small Businesses Business expansion requires a lot of resources. One such resource is bookkeeping, and many businesses neglect it. Many business owners believe that accounting is a simple process and don’t spend the time necessary to learn it. However, inadequate accounting and common bookkeeping mistakes and practices can lead to insolvency. Poor accounting
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Most business owners confuse accountant and bookkeepers, but while the two are related, they have different functions and responsibilities. Their differences are really not that evident. Rather, they’re subtle yet essential, especially when it comes to working in a company. In this article, we will discuss their differences and roles. You need to know this
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4 New Year Bookkeeping Resolutions to Improve Your Business New Years’ resolutions are the perfect way to have a turnaround with different aspects of one’s life. Many people have a new resolve when it comes to their health and fitness, while others discipline themselves with their education or relationships in life. However, the beginning
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