December 12, 2016

5 signs of a great bookkeeper

A bookkeeper is a bit like a GP – there’s one on every corner but great ones are hard to find. And when you do find one, you should never let them go. But how do you know if your bookkeeper is good or even better, a great bookkeeper? Let’s start with what every bookkeeper should be before we look at what makes a great bookkeeper. 1. Training and accreditation Every bookkeeper should have some sort of formal bookkeeper or accounting training and preferably be a registered BAS Agent. A registered BAS agent means that the Tax Practitioners Board are satisfied that the bookkeeper has the required skills, qualifications and a minimum amount of experience to correctly account for GST and […]
December 5, 2016

Cloud Accounting

A survey involving more than 400 practices across Australia shows that accounting firms are embracing cloud technology for themselves and clients. According to The Cloud Readiness Survey from Digital First, 43 per cent of accounting practices are anticipating a shift to cloud software in the next 12 months. The survey revealed that accounting firms understood how cloud technologies had the capability to improve productivity and were therefore willing to spend more on software. One of the key findings highlighted that accountants were able to free up the transactional side of the business with cloud technologies to offer a more strategic level of service to clients. Alan Osrin, Managing Director, Sage Australia said “it is clear from the research the migration […]
November 30, 2016

Inventories and Sales

Your merchandise stock represents a large portion of your investment in your business. It is important that you manage this inventory well to maximise your profits as uncontrolled inventories are inefficient and costly. You will benefit from Bookkeeping & Payroll Services if you run a businesses that has a number of individual products of sufficient unit value to justify stock-taking. Advantages of our service include: Product margins can be monitored at all times Stock levels can be properly controlled and kept at the minimum desired levels Current product sales trends can be quickly identified Staff savings can be obtained by the automatic production of price lists and product lists for stock-takes and stock valuations. Our inventory and sales service will […]
November 28, 2016

Managing Your Mobile Business

Small business owners work hard and are often on the move. You may be out meeting clients, working on-site or travelling between jobs. If you have an office – at home or anywhere else – you probably don’t spend a lot of time in it. Mobile phones, tablets and laptops have made working on the go much easier. You can check messages and emails, manage appointments, update business social media accounts and use apps to create and share documents. But did you know you can also manage your accounts on the go? Mobile accounting apps let you manage expenses, send invoices and track your cash flow from anywhere. There’s no need to wait until you get back to the office […]