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in Bookkeeping - 30 Sep, 2017
by Basic Bookkeeping - no comments
Bookkeeping

You have made the decision to hire a bookkeeper. Congratulations, since you have more time to focus on making more money in your business. Let’s make sure you get your money in the value! Here are 7 things you need to do when you begin to work with a bookkeeper.

Share Your Vision, Share You

Tell your bookkeeper why you get into business to start. Tell him/her about your service or product. Share with him/her what you feel is separating your business from the rest of the pack. Tell him/her your 5 years vision, such as how much money you want in your business and your plan to run new products or services.

Get in Touch with the Money Side of You

Your bookkeeper should know how you have dealt with your books in the past. Remember your answers to these questions and try your answer to your bookkeeper:…

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in Bookkeeping - 29 Aug, 2017
by Basic Bookkeeping - no comments

No matter what kind of business you own, or work at, chances are there are situations in which you’ll have to travel for work. This is especially true if you work higher up in an office or are someone who basically travels for work to get intel and go to conferences. This is also true if you’re going to be working somewhere where you own the business. Whatever the case, travelling for work is an issue that people come up against. If you’re someone who wants to be ready before this expense comes up, keep reading for awesome tips on how you can save on travel expenses.

The first thing you should do when it comes to travelling for work, is to decide if it’s the best thing to do to meet someone face to face. Though it’s definitely much better to meet a prospective big client face to face, …

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in Bookkeeping - 06 Jun, 2017
by Basic Bookkeeping - no comments

There could be a lot of reasons you need to hire a bookkeeper. Maybe your last one quit or your staff is overloaded. Whatever the reason, the simple fact is you’re not getting the financial information and business intelligence you need to make accurate, timely decisions.

If you get the right bookkeeper and processes in place, you get the right information. Even if you’ve decided outsourcing your bookkeeping is better than taking on the hiring risk, you need to find the right service to help you.

So what’s the first thing you should look for?

  • Are the bookkeepers experienced in their field and have got the ability to give you accurate financial records?
  • Are the bookkeepers familiar with your field of business?
  • Do these bookkeeping people have the needed ability to reconstruct the lost or erratic records?
  • Are they responsible and answerable to some professional financial body?
  • When they take

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in Bookkeeping - 09 Jan, 2017
by Basic Bookkeeping - no comments

It’s an interesting time to be a bookkeeper. The Australia economic reform is currently focusing on being a prominent player in the world of business, with the working class is changing global politics, and the new debate being robots can uproot our jobs.

The latest CEDA reports shows that more than 5 Million jobs equal to 40% percent of Australian jobs today are at a high like hood of disappearing in the next 10 t0 15 years, due to innovations and technological advancements.

This begs many questions for bookkeepers one of the jobs quoted as being at the risk of irrelevance. Generally bookkeepers have access to more than 500 add-ons and integrations using tools such as Xero, meaning technology automate the time-consuming tasks.

So with the power bookkeeping at pay, can robots really take our place.

Robot and a dream  

Let’s review the real terms, for instant the people …

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in Bookkeeping - 30 Jul, 2016
by Basic Bookkeeping - no comments

When it comes to hiring a new bookkeeper Melbourne it’s a relatively simple task but for many they aren’t overly convinced a bookkeeper is needed. Sometimes you think it’s best to save money and avoid hiring expensive bookkeeping services however in the long run they could end up saving your business. Organization is crucial in the business world and it is never easy to achieve this which is why every business owner must consider hiring a professional bookkeeper.

Do You Want To Run The Risk Of Disorganization?

Hiring a bookkeeper may not seem like such a necessary cost for many owners but when it comes to your company it’s truly necessary. Keeping your company organized is hard at the best of times and if your books aren’t in good order then it could potentially cause disorganization. You can’t be sure what money is coming into the business and what money …

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in Bookkeeping - 02 Feb, 2016
by Basic Bookkeeping - no comments

Bookkeepers Melbourne are fast becoming a sought after service, yet there are still thousands who don’t believe, they need to look at these services. It is strange since bookkeeping is quite a skilled area and something which many struggle with. If you own a business, you do need to consider hiring a bookkeeper but why, why should you consider a bookkeeper?

Keeping Things in Order

Hiring a bookkeeper Melbourne doesn’t always seem such a necessary step in business however, it really can be. It is hard to run a business and ensure the bookkeeping matters are settled and handled in a professional matter. If you can’t do it, then you probably have to train someone within the office to do this and it can get very messy, very quickly. That is why you need to consider hiring a bookkeeper. Bookkeepers are the best people to use when you want to …

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in Bookkeeping - 25 Sep, 2015
by Basic Bookkeeping - no comments

Accountants and bookkeepers in Melbourne may seem to do the same jobs, but in reality there’s a few subtle differences it’s important to keep straight if you want to be sure you have the best financial professional for you. Today, we’re looking at what those differences really are.

Aren’t’ all financial professionals the same?

The short answer is no. Accounting may be the broad field under which most financial professionals fall, but there’s a lot of specialities in there and bookkeepers are just one of them.

So what are bookkeepers in the financial world?

Bookkeeping refers mostly to the record keeping aspect of accountancy, making sure that every transaction and financial activity is properly recorded and used. It’s an indispensable part of the bookkeeping process. In fact, it’s where accounting starts. The information collected is not only used for day to day facilitation of operations, but also to prepare …

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in Bookkeeping - 24 Sep, 2015
by Basic Bookkeeping - no comments
business software

There is a wide range of small business software that is available on the market. Since there are so many options of accounting software it can be very difficult to choose the best. This article is going to look at some important things you will need to consider before buying any small business accounting software. Once you have all this information it should be much easier for you to buy the best software that suits your business.

First of all it is very important to know that consumer demands change and so does the market. So a good small business accounting software will be the one that changes i.e. the company must allow some room for future software upgrades. The company that provide you this software should also allow you to contact them through a service support team, so you can inform them on some of the errors on …

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in Bookkeeping - 24 Sep, 2015
by Basic Bookkeeping - no comments
Accounting School

If you are good with numbers and enjoy crunching them then accounting school is for you. Accounting schools give students the opportunity to establish a lucrative and promising career in the field of accounting. The career path for accounting can be very rewarding with new employment opportunities springing up all the time.

Students interested in attending an accounting school do have choices. There are traditional schools that are land based as well as virtual or online schools for students who need a more flexible schedule in their pursuit of higher education. Both online and traditional accounting programs are viable options in setting the career path for candidates interested in this rewarding field.

What you will learn in an Accounting School

Accountants are responsible for ensuring that financial records are maintained accurately and that individuals and business pay the appropriate taxes on time and properly. The work that accountants do helps …

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in Bookkeeping - 24 Sep, 2015
by Basic Bookkeeping - no comments
Tax Return Preparation

At the end of each year you are required to pay your taxes by the government. On the other hand when the year comes to an end there are a whole lot of other things that will require you attention. These can be your children starting school, you attending business meetings because it’s the beginning of the year. All this can be very stressing so you need not increase the stress with tax calculations during this time of the year. So it is important that you always prepare your tax returns prior to the end of the year so you can save yourself time and reduce that unnecessary stress.read more!

Today you can file your taxes on the internet. This has made filing of taxes so much easier such that you will be able to do it from home. This is very important for in previous years you would …

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