Why Cashbooks Are The Best Bookkeeping System For Small And Micro Businesses If you run a small or micro business, you know how important it is to keep track of your finances. But do you know what is the best bookkeeping system for your business? The answer is cashbooks. Cashbooks are a simple and effective way to record and manage all the cash transactions of your business, such as in
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
Did you know you can get a tax deduction for putting money into your super.If no one is contributing to your super fund then you won’t have much when you want to retire.There are tax implications when you claim your super contributions so make sure you speak with us to see if it’s right for you.
Keeping your records has three major benefits: Firstly, all the information is there if anyone decides to question its contents. Secondly, you can be certain that you've picked up all your expenses. Having the invoices or receipts ensures you are not forgetting anything, that means you can rely on the results for both management and taxation purposes. Too often we have purchased someth