ABACUS

Entries tagged with "Bookkeeping"

2 comments Wednesday 15th June 2011

What would you do with 28 free days in August?

What are the advantages of using a BAS Agent for bookkeeping and BAS lodgement? One big plus is a 28 day extension on your due date, meaning you can hold on to cash for longer.

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: BAS, Bookkeeping

1 comment Friday 10th September 2010

Working Like a Machine

As a new recruit in full-time bookkeeping, I’ve been learning one massive trick of the trade: how to do less work! Or, more specifically, how to spend less time working and get the same result.

No one likes mundane data entry (even us bookkeepers…shh, don’t tell!). We know how to use our accounting software to automate the boring bits. This has the double benefit of keeping the cost down for you and keeping us happily balanced individuals. Read on…

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: Automation, Bookkeeping, MYOB

1 comment Friday 18th June 2010

From Xero to Hero

It has been too long since our last blog! It’s because we have been very very busy - we have found something amazing! Something that has been interesting for Abacus and for our clients. So, if you are running a business and would like to supercharge your bookkeeping system… read on…

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping, Really Useful Software Training Tips

Tags: Bookkeeping, Cloud-accounting, Xero

1 comment Monday 17th May 2010

Bookkeeping & Body Art

It’s not everyday I get to combine my love of bookkeeping with my love of tattoos. Last week I was pleased to meet entrepreneurs Adele and Steve from TattooInk.TV - a new and exciting business bringing the world of tattoo art to the Internet in one big and beautiful directory.

One thing we love about our job is the variety of businesses we meet along the way so let me introduce you to TattooInk.TV

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: Bookkeeping, Cloud-accounting, Xero

0 comments Wednesday 5th May 2010

Keeping an Eye on the Cloud

We like to think of ourselves as an open minded and forward thinking organisation. In the spirit of this declaration, it’s about time we gave a nod to the increasingly expansive and hotly debated rise of Accounting in the Cloud.

We must all be forced to admit that in the last 5 years or so, our dependence on the internet has grown. From shopping to banking; from getting directions to keeping in touch with friends & family; from researching life decisions to the notorious Dr Google, we have become a nation with a fixation.

And when it is possible to do something online, how often do you choose to do it another way?

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: Bookkeeping, Cloud-accounting, Xero

0 comments Tuesday 20th April 2010

BAS Due Date - Are you ready?

Do you dread your BAS due date?

If you are like most small businesses with limited cash flow, BAS day probably feels a bit like DOOMS day! Three months worth of GST collected can be hard to scrape together if you haven’t been planning for it. And worse still, many businesses are not keeping up to date bookkeeping records so are taking a bit of a stab in the dark as to how much their GST liability will be this time!

Don’t despair… take these simple steps and BAS will be your friend, not your foe!

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: BAS, Bookkeeping, GST

38 comments Wednesday 31st March 2010

Common GST Mistakes

In an effort to provide some pointers on common GST misconceptions and errors, we include the following list for your consideration. This is by no means exhaustive, and you should always have a qualified BAS agent check your returns or answer your GST queries.

[Read full entry and comments...]

Category: The Business of Bookkeeping

Tags: Bookkeeping, GST

0 comments Monday 8th March 2010

Customise Quickbooks with Colour

Ever entered your data in to the wrong Quickbooks register? It’s easy to do - they all look the same. Did you know you could change the colour of your accounts to help prevent accidental entries or just to personalise your file?

[Read full entry and comments...]

Category: Really Useful Software Training Tips

Tags: Bookkeeping, Quickbooks

30 comments Friday 19th February 2010

Why is MYOB so slow?

It could be clogged.

Keep the size of your MYOB database as small as possible by clearing print queues regularly, and setting default preferences.

As a software program, MYOB is determined to have the user print the equivalent of a small forest in remittances, cheques and orders. In furtherance of this goal, your software keeps all such documents in a print queue until they have been removed – making your database bigger (read, slower) than it needs to be.

[Read full entry and comments...]

Category: Really Useful Software Training Tips

Tags: Bookkeeping, MYOB

0 comments Friday 19th February 2010

Take a Lesson in Understanding Financial Reports

As trite as this may sound – take a moment to ask yourself a question: Why do you have a bookkeeper?

The fact is that a major proportion of small business owners have a bookkeeper to help produce the quarterly or monthly GST and tax returns, and don’t really expect – dare I say, dream of – much more beyond this.

Your bookkeeper is in an excellent position to take you as many steps beyond basic compliance as you wish to take. Once transactions have been processed, the holy grail of the bookkeeping world becomes attainable – the financial reports… And if this doesn’t excite you – it should.

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping

Tags: Bookkeeping, Financial-reports, Small-business

1 comment Wednesday 17th February 2010

Greetings!

‘The business of bookkeeping and more…’ aims to be a knowledge database for small businesses and the people who run them. Being a small business ourselves - and being passionate about making a success of ours - we know first hand what you might be going through on your path to entrepreneurial triumph!

[Read full entry and comments...]

Categories: A Word to the Wise, The Business of Bookkeeping, Mini MBA, Really Useful Software Training Tips

Tags: Bookkeeping, MBA, MYOB, Quickbooks, Small-business