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Critical ways you can improve your business performance by having business processes for your accounting and bookkeeping.
In this article I explore how creating custom business processes in your accounting department can help your business to succeed. We will identify some key advantages of having in place business processes or clearly defined policies and procedures on how work is done....read more
Accounts Payables are the amounts you owe to suppliers who have allowed you in most instances to receive goods with an agreement usually in agreed terms to pay them later. The later date can be 30 days after the invoice date or 30 days after the end of the month....read more
What you will need QuickBooks Online Subscription A PayPal Business Account Administration access in QuickBooks Online Have a picture of the timeline of transactions and the information you wish to import into your PayPal account. n.b If you are an Advisor you...read more
Best practice: Credit Control Your company should have a credit control process with features such as credit terms, reference checks and stop supply. Credit terms: This refers to how long customers have before their invoices become due for payment. Some of the most...read more
The 2016 ‘Appification’ of Small Business Report, a multinational study of 2,000 respondents, indicated that 64 per cent of small businesses run in the cloud, while 68 per cent use apps in their day-to-day operations. In Australia specifically, a staggering 81 per...read more
Timing Although you can move into the cloud at any time it will be advisable to move at the end of an accounting period once the accounts have been balanced Market research for software Make sure that you have familiarised yourself with the accounting software before...read more
Employees Review all current and past employee information in your payroll system. You may wish to consult the link below for templates and guides that you can use to ensure that you have the required information. Refer to...read more
UFirst Bookkeepers provides complete offsite and onsite bookkeeping services to businesses throughout Australia. We generally work online or from our office, however, we can come to you. We are here to relieve you of your bookkeeping worries. We are here to alleviate the stress of bookkeeping and administration tasks for you.
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