Tag - bookkeeping

Qualities Of A Good Bookkeeper

Qualities Of A Good Bookkeeper

What qualities does it take to make a good bookkeeper? Not everyone is cut out to be a bookkeeper. Let’s take look now at what makes a good reliable bookkeeper. Bookkeeping is critical to any business organisation, and finding the best bookkeeper could contribute to the financial success of your business. Whenever a business is looking to hire a bookkeeper, there are essential qualities such a business should look out for. Hiring a bookkeeping specialist with the right qualities helps a business [...]

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Formal Bookkeeping System

What Does the Term Formal Bookkeeping System Mean?

Are you familiar with the different types of bookkeeping that are out there? Which one is best for your business? Let’s take a look at the different types of bookkeeping in the article below. If you are a business owner then you will have to deal with accounts at some point. Having an organised system to keep track of what is going on with your business’ finances is an absolute must. When we talk about this type of system, it is [...]

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Bookkeepers vs Accountants

Which are Better and Why – Bookkeepers or Accountants?

If you’re in Melbourne and planning on hiring someone to help manage the finances of your business, then you have probably found yourself wondering whether you need a bookkeeper or an accountant. What’s the difference, and which should you bring on board to help take care of your company? What is a Bookkeeper? Bookkeepers are responsible for the day-to-day tracking of the finances of your business. A bookkeeper can help you with a lot of tasks, including processing invoices and receipts, keeping [...]

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Advantages and Disadvantages of Bookkeeping

The Advantages and Disadvantages of Bookkeeping

Professional bookkeeping services are crucial for monitoring cash flows, daily expenses, managing invoices and of course keeping your financial records true and up-to-date. Despite the many obvious advantages of bookkeeping, there are however some downsides that can impact the efficiency and profitability of your business. Below will discuss both the advantages and disadvantages of bookkeeping to help you better understand the practice.  Meeting your Legal ObligationOne key advantage of bookkeeping is that it ensures you’re meeting your legal obligations [...]

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