Bookkeeping Starter Guidelines for Small Business

bookkeeping basics books

Setting up your small business inventory should be done at the start of the business. Bookkeeping will serve as your guidepost to starting, launching, and running a business. Bookkeeping simplifies a business. It gives you a clear valuation of your assets and debts. It gives you an idea of how your business is doing. To…

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Small Business Risks and Challenges of Cloud Computing

Cloud computing is slowly becoming the norm of today. Most, if not all businesses I work are into cloud computing. My Brisbane bookkeeping service company is cloud-based. I have thoroughly reviewed and assessed the effects of cloud computing to my business and with the services we are offering. The benefits greatly overwhelm the drawbacks. Click here for…

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Excel and Bookkeeping

Microsoft Excel is a popular alternative and basic tool for bookkeeping in Brisbane. Most, if not all small businesses start their bookkeeping and accounting using the platform. Excel is equipped with features, options and capabilities that support records management, computations and reporting. It is effective, efficient and easy to use. Many enterprises who started with…

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A Closer Look into Profit and Profitability

Profit and profitability are two very distinct things. Often used interchangeably, these business terms are closely related. Yet, they represent two diverse business aspects. Your Brisbane bookkeeper or accountant can well discuss to you the difference and similarities of the two. Here is a brief and generalised discussion of profit versus profitability. What is Profit?…

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Take Control of your Production Costs

Production cost is the company’s cost needed to produce goods and services to be sold. It is the required cost to create income. And this is usually the biggest expenditure of the business. Brisbane bookkeeping rules include the following as examples of production costs – raw materials, depreciation of machineries used in production, plant utilities,…

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Advantages of Hiring an External Bookkeeper

There are two main types of bookkeepers in Brisbane, the internal bookkeepers and the external bookkeepers. There are not much difference between an external and an internal bookkeeper when it comes to professional skills, expertise, and knowledge. They perform the same set of tasks and have the required training, understanding, and qualification needed. One can…

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Internal Cash Control Guidelines for Small Businesses

Entrepreneurs should be able to establish a sound cash management and control system. Cash is one of the most susceptible assets to theft within the organization, especially in cash heavy companies like food retail, convenience stores, and fresh produce market businesses. It is a rule to Brisbane bookkeepers to try to minimize cash transactions. Non-cash…

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How to Choose the Right External Bookkeeper

Working with a bookkeeper should start with the inception of the business. But in reality, bookkeepers in Brisbane are only hired when business is growing and the accounts start to overwhelm the owner. Or when filing for taxes, seeking a loan, and forging an expansion. Bookkeeping is an integral part of any business. It is…

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How to Detect and Prevent Fraud within your Company

Internal fraud can happen to any business. I’ve seen many incidences of betrayal, theft, and business crashes in the performance of my profession as a bookkeeper in Brisbane. I can only attribute internal fraud to laxity. Trust is a very expensive commodity, and when money and power are involved, betrayal can happen even within families.…

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Reasons why you should hire a Bookkeeper

Do you really need to hire a bookkeeper for your business? Not really. A lot of businesses can run and thrive without one. So, why should you hire a bookkeeper in Brisbane? Let’s discuss the possible reasons why you haven’t hired a bookkeeper for your business; You don’t have the budget – This is most…

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