Accounting

I am a small business owner ! its been 12 months where should I be! Starting a business can be exciting, it can be scary but gratifying. As a small business owner you will most li

Your “Chart of Accounts” is the list of accounts in your accounting software.  The accounts are listed in your reports, and the totals allow you to determine how much you’ve

Your accountant is great source of help when it comes to growing your business ! Geoff has had many years experience helping a vast arrange of businesses. We love small business

Before we get too far into 2017, let’s take a look back at 2016 results and five meaningful numbers you may want to discover about your business’s performance.  To start, grab

If there is a period of time between when your customers receive your goods or services and when they pay for them, then several things are true: You have a balance in Account

If you’re struggling with your accounting system, it might be a sign that you’re ready for something new.  Perhaps your company has grown so much that it’s outgrown its olde

At a recent ATO R&D seminar, we were reminded of the need for taxpayers to keep good records to support their R&D claim It's imperative that you must have records that

Accounting automation has come a long way in the last few years, and the process of handling invoices and receipts is included in those changes. No longer is there a mountain of pa

If you grant credit to customers, then you have a balance in accounts receivable. DSO stands for Days Sales Outstanding, and this helps you measure how fast your receivables are b

The best cakes have layers and layers of different delicious flavors to enjoy. Stacked on top of one another, each layer is baked separately and becomes part of the whole. Like a l

Two very important skills for entrepreneurs to master are marketing and finances. Combine them by understanding the numbers behind marketing, and you have an even more powerful und

Outsmart your accountant and other financial friends with these accounting-related definitions: Fiscal Year Most companies report their results on a calendar year, from January 1

It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review. Asset:  Essentially, assets are what you own.   These include