Do you really need a Chart of Accounts Why Chart of Accounts Overkills Small Biz Running a small business is challenging enough without the added complexity of intricate accounting systems. Many small business owners, like myself, prefer to keep things simple. This is where online cashbook systems like eCashbooks come in. Instead of complex software such as MYOB, Xero, or
Learn What Is the Best Way to Record Your Transactions for Your Business Tracking your business’s financial transactions is crucial for managing cash flow, ensuring profitability, and staying compliant with tax regulations. But with options like cashbooks, bookkeeping, and accounting, which system is best for your business? This guide will help you choose the right method for small and micro
Bookkeeping can seem overwhelming, but it doesn’t have to be. Small and micro-business owners don’t need complex accounting systems to manage their finances. In fact, a simple approach using cashbooks can be just as effective, helping you stay on top of your income, expenses, and overall financial health. Let’s explore the basics of simple accounting and how you can streamline your bookke
Why Small Businesses Don’t Need Accountants With eCashBooks Small businesses don’t need accountants when they use smart, simple tools like eCashBooks. This blog explains how cashbooks software helps you handle your own bookkeeping, save money on accountant fees, and keep your business financially healthy — without needing an accounting background. Bookkeeping Made Easy for
Why Cashbooks Are the Best Bookkeeping System for Small and Micro Businesses As a small or micro business owner, managing finances can be overwhelming. The solution? Cashbooks. Cashbooks offer a simple, efficient, and cost-effective way to track your business’s cash flow, profitability, and expenses. In this article, we’ll explore why cashbooks are the best bookkeeping system for your busin
Key Facts Every Business Start-Up Should Know Starting a new business? Brilliant! Whether you're fixing cars, designing logos, or walking dogs, there's some stuff you need to know to keep things smooth and stress-free. Here’s your go-to guide — no jargon, no fluff. 1. You Need an ABN An Australian Business Number (ABN) is a must if you're running a business. It’s like a
Overdue Accounts Small BusinessOverdue Accounts Small Business
Overdue Invoices 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 m
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 W
Do I really need an ABN for my BusinessDo 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 Nu