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The DIY Bookkeeping Dictionary: Key terms you need to know

The DIY Bookkeeping Dictionary: Key terms you need to know

by Dollars + Sense | Nov 27, 2024 | Bookkeeping Blog

Navigating the world of bookkeeping can feel like learning a new language. With so many terms thrown around—COGS, equity, accounts payable—it’s easy to get lost in the jargon. That’s why we’ve put together The DIY Bookkeeping Dictionary to demystify those key terms...
Buying Second-Hand for your Business? Here’s the Tax Detail Many Business Owners Overlook…

Buying Second-Hand for your Business? Here’s the Tax Detail Many Business Owners Overlook…

by Dollars + Sense | Oct 17, 2024 | Bookkeeping Blog

When you’re on the hunt for second-hand bargains on platforms like Facebook Marketplace or Gumtree, it can feel a little fuzzy when it comes to business purchases. Whether you’re picking up a used office chair, secondhand tech, or snagging discounted...
Can I Claim that Wine? Understanding Alcohol Deductions for Business Travel

Can I Claim that Wine? Understanding Alcohol Deductions for Business Travel

by Dollars + Sense | Sep 18, 2024 | Bookkeeping Blog

You’ve just wrapped up a successful business meeting, and to celebrate, you decide to indulge in a nice bottle of wine. But when it’s time to file your expenses, the question hits you—can you claim that wine as a business expense? The answer isn’t as...
When can you Eat, Drink, Be Merry and Claim GST?

When can you Eat, Drink, Be Merry and Claim GST?

by Dollars + Sense | Aug 26, 2024 | Bookkeeping Blog

As a business owner in Australia, you know that a firm grasp of GST (Goods and Services Tax) regulations is essential to keeping your business compliant and avoiding costly mistakes. One area that often causes confusion is whether you can claim GST credits on...
Top negotiation tips to improve your bottom line

Top negotiation tips to improve your bottom line

by Dollars + Sense | Jul 26, 2024 | Bookkeeping Blog

If you were to pick the brain of anyone who’s been a biz ownership for a while, they’d talk your ear off with now-I-knows and wish-I-knew-thens.  One aspect of running a small-to-medium business that requires skill and experience (and sometimes, the benefit of...
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