What can bookkeepers help with?
Tim JohnstonIf you are considering employing a bookkeeper for your business, but aren’t really sure what they do and how they can help you, this is the article for you. People often underestimate the importance of...
Tim JohnstonIf you are considering employing a bookkeeper for your business, but aren’t really sure what they do and how they can help you, this is the article for you. People often underestimate the importance of...
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 JohnstonThere are several common bookkeeping mistakes that business owners make which can not only cost you money, they can cost you a great deal of time as well. In order to help you avoid these...
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...
Tim JohnstonThere are two main systems used by businesses when discussing bookkeeping: single entry and double entry. While both systems are quite adequate, choosing which one to use in your business is for the most part,...
Tim JohnstonIn Australia, you have a choice to remain on a cash basis for lodging your BAS while your Turnover remains under the $2M threshold. The advantages of this are if you have outstanding debtors you...
Tim JohnstonIf we weren’t dealing with Legal Firms and more specifically Legal Trust Accounts there would be no need for “Anticipated Payments.” Legal Firms often receive money in advance into their General Trust Account which can...
Tim JohnstonOccasionally, when we do an audit on the accounts of new clients we find that the previous bookkeeper has been keeping the accounts on a cash basis. This means that they are entering revenue and...
