Sure, I can explain that in simple terms. Why it’s important to know when invoices are overdue: Cash Flow: Knowing when invoices are overdue helps maintain a steady cash flow. If payments are late, it can disrupt your ability to pay your own bills or invest in your business. Financial Health: Overdue invoices can indicate issues with your financial health. Too many overdue i
We need Bookkeeping, what's the downside of Using Spreadsheets? You need Bookkeeping to check on how well, how bad or how indifferent your business is going. Bookkeeping involves recording and organizing all financial transactions, which is crucial for tracking expenses, preparing tax returns, and making informed business decisions. Why Using Spreadsheets for Bookkeeping is a Bad Idea
Do I really need an ABN for my Business The answer is Yes. There might be a rare exemption here and there, but if you are conducting business in Australia, you will need an ABN. ABN requirements are applicable to all business structures; Sole Trader, Partnership, Trust, Company and Superannuation Funds. ABN is an acronym for Australian Business Number. It's the Australian Government'
Why Cashbooks Are The Best Bookkeeping System For Small And Micro Businesses If you run a small or micro business, you know how important it is to keep track of your finances. But do you know what is the best bookkeeping system for your business? The answer is cashbooks. Cashbooks are a simple and effective way to record and manage all the cash transactions of your business, such as in
Get business smart in the easiest way possible. It can be confusing forsmall businesses, micro-businesses, and home-based businesses when choosing the right software. The need for a simple, intuitive, and effective bookkeeping tool goes without saying. That’s where eCashBooks comes in. eCashbooks is not for medium and big business. No complex ledgers, no complex multiple screens, an
Effective Bookkeeping has many, many, many Benefits I don't know about you, but bookkeeping seriously sucks. It'soften viewed as a mundane task, a necessary evil. Unfortunately, you actually need it. So the simple and most easiest way to get it done in limited time is what you need to be looking for. Bookkeeping is the control tool of the "seat of your pants" management which
Managing Your Accounts Receivable Running a small or micro business can be challenging, especially when it comes to managing your accounts receivable. But don’t worry, the eCashbook Bookkeeping system is here to help. Consider taking some of the following steps to ensure you get your money when you need it. Step 1: Invoice Promptly and Accurately The first step in managing you
Learn what is the best way to record your transactions for your Business. It can be a bit of a brain snap trying to work out the difference between Cashbooks, Bookkeeping and Accounting. Each of those generally refers to the complexity of the systems used to record transactions and then format that data into a desired interpretable outcome that business owners can make decisions on. So the qu