Small Business Bookkeeping Deadly Sin #9: Trying to use Programs that Require you to Understand Bookkeeping Kelly2021-10-29T15:38:00+09:30Most owners of small businesses have never had any formal training on double entry accounting. But for some reason, an overwhelming majority of accounting programs on the market don’t just... Facebook Twitter LinkedIn Email 08/12/2015By KellyAccounting, General, Small Businessaccounting software, small business0 Comments Read more...
Small Business Bookkeeping Deadly Sin #8: Not Keeping Proper Records for Employees kelly.connor2021-11-18T14:47:46+09:30 It is surprising how often a business takes on their first employee and then only thinks about paying them but not give any thought at all to their other entitlements... Facebook Twitter LinkedIn Email 01/12/2015By kelly.connorAccounting, General, Small Businesssmall business payroll software0 Comments Read more...
Small Business Bookkeeping Deadly Sin #7: Not Recording Enough Information About Transactions Kelly2021-11-18T14:48:54+09:30 It’s not just receipts, bank statements and computer records small business owners take to their accountants at tax time. They also bring along a bad memory! Not even the most diligent... Facebook Twitter LinkedIn Email 24/11/2015By KellyAccounting, General, Small Businesssmall business bookkeeping0 Comments Read more...
Small Business Bookkeeping Deadly Sin #6: Incorrectly Accounting For GST kelly.connor2021-11-18T14:49:09+09:30 The goods and services tax (GST) has been in effect since 1 July 2000, but despite an Australian Tax Office education campaign, many small business owners still struggle to understand... Facebook Twitter LinkedIn Email 17/11/2015By kelly.connorAccounting, General, My Cashflow Manager, Small Businessgst, small business tax0 Comments Read more...
Small Business Bookkeeping Deadly Sin #5: Not Recording Cash Payments Kelly2021-11-18T14:49:25+09:30Cash is a convenient form of payment when you’re out and about. However, for a small business owner, it can create problems when using cash for business expenses. You receive a... Facebook Twitter LinkedIn Email 10/11/2015By KellyAccounting, General, Small Businessbookkeeping program1 Comment Read more...
Small Business Bookkeeping Deadly Sin #4: Allowing Customers to Buy on Credit and Then Not Following Up Kelly2021-11-18T14:45:06+09:30 Don’t commit this deadly sin because it could result in you waiting weeks to be paid! Make sure that you are getting paid for your work ASAP by taking payment the... Facebook Twitter LinkedIn Email 03/11/2015By KellyAccounting, General, Small Businessmanaging receivables0 Comments Read more...