As a business owner, do you pay yourself? You may be staring blank at that question, but it’s something you need to be across. As bookkeepers and accountants, we can make the mental leap from “our business” to “someone who works in the business” as a matter of course...
Happy New Year! The beginning of the year is often the best time to get your bank accounts and reconciliations sorted. Invoices and receipts may be few and far between, especially if you’re a sole trader and your accounting or bookkeeping needs are minimal. If you...
As a bookkeeper, my clients and friends often ask, “does the ATO check every transaction? Is there a rhyme or reason to why a business gets audited?” I often reply in my own cheeky way – why do birds suddenly appear? Bringing things down to earth, the ATO...
If you are in business, you may already be in the habit of keeping receipts. If you use Dext or something similar as part of your bookkeeping, receipts and invoices may already be integrated into your Xero. The conventional wisdom for keeping receipts is that if you...
If your business uses Xero Projects, you already know it’s a time saver and fantastic at keeping your accounts organised and in order. But you might find it helpful to take your record-keeping to the next level with Xero’s tracking categories. Will using Xero tracking...
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