Bookkeeping

When you’re operating and managing a small business, you have a finite pot of cash to work with. Because of this, it’s incredibly important to manage your cash well and to have clear budgets and spending limits for every area of your business operations. Let’s take a look at why budgeting is such a vital part of your...

A Bank reconciliation involves a comparison of your sales and expense records against the record your bank has. It is a critical financial process to identify and rectify any discrepancies or errors between your internal financial records with the transactions recorded in your bank statement.  Bank reconciliations keep your bookkeeping accurate and can help lower your tax, alert...

A bookkeeper deals with the organisation, the recording and the reporting of financial transactions of a small business. But most importantly, a bookkeeper clears the way for the accountant to work with your business strategically. #bookkeeping #smallbusiness #xero As a small business owner, do you need a bookkeeper, an accountant, or both? Bookkeepers can seem a little mysterious....