Do You Really Need a Bank Reconciliation? Managing a small business means handling your finances efficiently, but do you really need to do a bank reconciliation every month? Bank reconciliations can seem like an unnecessary step, especially when you're using simple accounting tools like online cashbooks that track your income and expenses in real time. Let’s se
Why Chart of Accounts Overkills Small Biz Running a small business is challenging enough without the added complexity of intricate accounting systems. Many small business owners, like myself, prefer to keep things simple. This is where online cashbook systems like eCashbooks come in. Instead of complex software such as MYOB, Xero, or QuickBooks, a simple online cashbook
Managing Your Accounts Receivable: The Smart Way Running a small or micro business comes with its fair share of challenges, especially when it comes to keeping track of accounts receivable. But with a reliable cashbook system, like eCashbooks, staying on top of your finances becomes much simpler. Here, we’ll explore key steps to ensure you get paid on time, every time. Index: Inv
Bookkeeping can seem overwhelming, but it doesn’t have to be. Small and micro-business owners don’t need complex accounting systems to manage their finances. In fact, a simple approach using cashbooks can be just as effective, helping you stay on top of your income, expenses, and overall financial health. Let’s explore the basics of simple accounting and how you can streamline
Learn What Is the Best Way to Record Your Transactions for Your Business Tracking your business’s financial transactions is crucial for managing cash flow, ensuring profitability, and staying compliant with tax regulations. But with options like cashbooks, bookkeeping, and accounting, which system is best for your business? This guide will help you choose the right method for small and mi
Why Small Businesses Don’t Need Accountants With eCashbooks Running a small or micro business is challenging enough without worrying about complex bookkeeping or costly accountant fees. In the past, business owners relied on accountants to handle financial reports and tax lodgements. But with intuitive tools like eCashbooks, managing your own finances has never been easier. Contents:
Why Cashbooks Are the Best Bookkeeping System for Small and Micro Businesses As a small or micro business owner, managing finances can be overwhelming. The solution? Cashbooks. Cashbooks offer a simple, efficient, and cost-effective way to track your business’s cash flow, profitability, and expenses. In this article, we’ll explore why cashbooks are the best bookkeeping system for yo
Sure, I can explain that in simple terms. Why it’s important to know when invoices are overdue: Cash Flow: Knowing when invoices are overdue helps maintain a steady cash flow. If payments are late, it can disrupt your ability to pay your own bills or invest in your business. Financial Health: Overdue invoices can indicate issues with your financial health. Too many overdue i