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Bookkeeping and Accounting difference
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 …

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 …