Which Transactions Affect Balance Sheets?

Avoid Any Nasty Surprises: Balance Sheets Matter! A business’s balance sheet is a snapshot of its financial position at a particular period of time, which is not to be confused with a profit and loss (P&L) statement. Unlike a P&L, which just shows whether the...

Use Excel to Manage ALL Your Investments

Once You Master Excel You Can Do Anything! In our Excel training Course there’s an exercise workbook on granny flat investments, which takes you through all the steps involved in developing a financial forecast for a granny flat. It can also be used to determine the...

Performing Weekly Reconciliations in Xero

Why it Pays to do Regular Bank Reconciliations In our Xero Bank Reconciliations and Journal Entries Course, you’ll learn how to carry out each step in the reconciliation process, in particular how to set up bank feeds. Bank feeds are an important function that allows...

Reckon One or MYOB?

Just What Do We Reckon? Not so long ago, we looked at the major differences between MYOB and QuickBooks. We also explored some of the other benefits of Quickbook more generally over MYOB, but Reckon One, which used to distribute QuickBooks in Australia before striking...

The Secret to an Error-Free BAS Report

What To Do So You Don’t Lose Money When Doing Your BAS If your business is registered for GST, it means you have to file regular activity statements with the ATO, usually each quarter. A lot of business owners export their Business Activity Statement (BAS) data...

Independent Contractor! PayPal Provides Instant Business Working Capital Finance

If you’re an independent contractor you’re a business owner As an independent contractor, operating with an ABN, you’re effectively running your own small business (so working capital important), and that means you’re subject to some of the same reporting...

Is Xero really the easiest accounting software to use?

Xero was a market leader, but what do accountants think of it now? When Xero was launched a few years ago, one of its selling points was that, compared with other accounting software – in particular, MYOB – Xero was incredibly easy to use, and it was also...

Is Xero now more appealing because of Inventory Management?

MYOB Account Right Plus Has Inventory Management, But… The premium MYOB product with the PLUS on the end of its name has always come with Inventory and Payroll. These have been the major services that justify the premium price that users have been willing to...

An Aussie Dies In Accounting Wars

R.I.P. Reach Accounting A member of our team was recently asked to recommend a few low-cost, cloud-based invoicing programs to a friend. He’d recently started his own business and for the last few months had been using Excel to create and send invoices to his clients....

MYOB Accounting – Fighting to Stay In Control?

Is MYOB Just Another Program In Your Control Panel? I was cleaning up my computer this morning and went to my Microsoft Windows Control Panel to discover MYOB Accounting Software sitting in the program list. I was removing any programs that I may have installed to...
 
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