We need Bookkeeping, what's the downside of Using Spreadsheets? You need Bookkeeping to check on how well, how bad or how indifferent your business is going. Bookkeeping involves recording and organizing all financial transactions, which is crucial for tracking expenses, preparing tax returns, and making informed business decisions. Why Using Spreadsheets for Bookkeeping is a Bad Idea
Do I really need an ABN for my Business The answer is Yes. There might be a rare exemption here and there, but if you are conducting business in Australia, you will need an ABN. ABN requirements are applicable to all business structures; Sole Trader, Partnership, Trust, Company and Superannuation Funds. ABN is an acronym for Australian Business Number. It's the Australian Government'
Get business smart in the easiest way possible. It can be confusing forsmall businesses, micro-businesses, and home-based businesses when choosing the right software. The need for a simple, intuitive, and effective bookkeeping tool goes without saying. That’s where eCashBooks comes in. eCashbooks is not for medium and big business. No complex ledgers, no complex multiple screens, an
Effective Bookkeeping has many, many, many Benefits I don't know about you, but bookkeeping seriously sucks. It'soften viewed as a mundane task, a necessary evil. Unfortunately, you actually need it. So the simple and most easiest way to get it done in limited time is what you need to be looking for. Bookkeeping is the control tool of the "seat of your pants" management which
Simplified Bookkeeping for Solopreneurs As a solopreneur, you’re a one-person show, juggling multiple roles. While bookkeeping might seem daunting, especially if you’re not keen on learning the nitty-gritty of debits and credits, it’s essential for tracking your business’s financial health. But don’t worry, you can still get valuable insights without diving i
You need Cashflow to run your Business Without cashflow your business will cease to exist. So it's important to monitor the cash in your business and have an understanding of what impacts its movement. Put really simply, your businesses cashflow is the Money coming INminus the Money going OUT. And what's left you get to spend or invest. Not knowing what your business cashflow is w
Knowing Your Charge Out Rate: A Key to Profitability If you employee people and charge them out at an hourly rate then you need to determine that your charge out rate is actually being recovered and adds to your bottom line. Having awareness of this measure will ensure you are not underpricing your jobs and actually contributing to your overall profitability. Make sure you're just not
Accounting vs Bookkeeping vs Cashbook: Which is better depends on your business. What are accounting, bookkeeping and cashbook? Accountingis the process of interpreting and presenting financial data to business owners and investors. Accounting involves tasks such as preparing financial statements and reports, creating budgets and tax returns, and analysing business performance¹².
What does a business plan do for you or your business? Business plans provides clarity and direction. Business is more about thinking than execution. Execution is a consequence of thought. Without the thinking process your business could find itself meandering along a winding path into nowhere. At any level, business is a resource allocation issue. That is, where and how do I apply my resour