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...
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...
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...
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...
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...
