Doing your own bookkeeping as a small business owner? Part of this process requires setting up and understanding your chart of accounts (COA). Done manually, through a tool like Excel, setting up your accounting chart can be extremely cumbersome and error-prone, so...
As soon as you move beyond a single owner-run business and hire even a sole employee – you’ve got payroll on your hands! Even the smallest sole traders, who hire casual workers, will need to be responsible for processing payroll. For many starting on the path of...
Small business bookkeeping is an inescapable element of running your own well managed small business. Some small business owners are more than capable of performing their own small business bookkeeping and forgo the professionals and advisory services. Other small...
As your new business begins to turn over cash for the first time, you’ll begin to consider when to hire a bookkeeper to help manage your ever-increasing accounting admin. Perhaps you’ve been trading for a while now and have never enlisted the services of an advisor of...
Day-to-day bookkeeping is a fundamental and unavoidable aspect of owning your own business. You can always choose to undertake the burden of day-to-day bookkeeping yourself. However, you’re often better served enlisting a dedicated bookkeeper or accountant to perform...
