Tim Johnston*This information is correct as of 23 July 2020 With further restrictions in place across Melbourne for the next number of weeks, including wearing masks and remaining at home, there are many businesses of varying...
Tim JohnstonTypically a business should have a Cash account in their general ledger that tracks all of the transactions within a business. These transactions include income from customers, payments made for business expenses, and the like. ...
Tim JohnstonWhile many people believe bookkeeping is easy, it is actually quite complex, and requires a bit of specialised knowledge and training to carry out properly. Add to this issue the matter or having to run...
Tim JohnstonWe are all in shock at both the personal and financial devastation caused by Covid-19. Australia's initial strategy of relying on herd immunity through suppression is being ramped up with stricter travel and social distancing...
Tim JohnstonWith Xero, MYOB and QB all recently updating their pricing structure for 2020, it's timely to review the list of feature and pricing comparisons across the different plans on offer. Hubdoc One notable new feature...
Tim JohnstonLEAP have recently completely redesigned it's program interface and are calling it LEAP 2x. There are no revolutionary new features- the focus of the redesign is mainly on user interface and navigation and while the...
Tim JohnstonThe process of keeping accurate business records, also known as bookkeeping, is very important for a variety of reasons. Not only are you able to track all of the business transactions that occur within a...
Tim JohnstonLet’s face it- most lawyers aren’t really that interested in the way Actionstep and LEAP integrate with Xero. As long as their trust account is all taken care of, they are not really worried about...
Tim JohnstonWhen any business begins the process of bookkeeping it is important to understand how to establish the records as well as what the different types of accounts mean. A balance sheet is laid out to...
