Tim JohnstonThere's been a couple of horrific examples of employee fraud over the past couple of years. I was blown away when I read details of the cases involving Clive Peeters Electrical and Hastie Engineering. I think...
Tim JohnstonKeeping track of your business transactions Typically 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...
Tim JohnstonThere are several common bookkeeping mistakes that business owners make. These mistakes can not only cost you money, they can cost you a great deal of time as well. In order to help you avoid...
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 JohnstonBookkeeping Characteristics If you are considering outsourcing your bookkeeping needs to a professional, it is important to have a firm understanding of what you should look for before making a hire. There are key skill...
Tim JohnstonWhat Does BAS Agent Registration Represent? Today, bookkeepers doing BAS must be suitably qualified and registered as a BAS Agent. They need to have: What are the Benefits of Hiring a BAS Agent? BAS agents...
Tim JohnstonRegistering for GST As a business owner if you provide good or services you will have to register for GST. A lot of business owners get confused about what the best method to register for...
Tim JohnstonWhy setting up your tax invoice is important There can be some pretty important repercussions on not getting the format of your tax invoice correct. Apart from penalties from the ATO, it could also be...
