The EOFY and all the Brisbane bookkeeping and accounting processes it entails are over. Novice entrepreneurs might think of getting a breather after the gruelling weeks. But, the most experienced and successful business leaders will choose this time to meet up with their trusted Brisbane bookkeepers and start planning for the next cycle. In any…

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Computerisation and automation of business processes started happening in the later part of the 90s. Accounting and bookkeeping software was developed and promptly adopted by businesses. Moving away from the time-consuming and labour-intensive manual bookkeeping was an easy decision, Brisbane bookkeepers, accountants and business owners were quick to see the advantages of computerisation. Another wave…

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Setting up a company office is a major step in business. It is a huge step up from the backroom setup, the co-working spaces or from the home office system. It also means that your business is doing great and with the future looking better you see the need to establish a brick and mortar…

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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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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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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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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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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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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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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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