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Could you build a structurally sound house without building plans? Impossible! The same goes for your building business- running a successful company without proper accounting is impossible! The construction industry contributed to 9% of all goods and services produced in Australia in 2022. This statistic highlights the industry’s significant role in the economy, meaning there’s …
As a restaurant owner, you want your financial records to be like a masterfully crafted, perfectly seasoned dish, with every number in its proper place and every expense accounted for. But let’s face it, in the fast-paced world of the culinary industry, your finances can sometimes look more like a chaotic kitchen after a Saturday …
Bookkeeping for Restaurants – How an Accountant Can Help Read More »
Running a medical practice is no small feat. From diagnosing ailments to offering life-changing treatments, your plate is always full. But amidst the hustle of patient appointments and the commitment to improving lives, another aspect demands your attention- the health of your medical practice’s finances. The challenges of accounting for medical practices can be as …
The cha-ching of the cash register or the ping of an online sale is music to every retail store owner’s ears. But as the symphony of a thriving business plays, the accompanying notes of receipts, invoices, and financial statements can sometimes strike an off-key tune. When those complexities threaten to disrupt the harmony of your …
Accounting for Retail – How an Accountant Can Help Read More »
While your expertise as a lawyer lies in arguing cases and interpreting legislation, managing your law firm’s accounting processes is a completely different matter. The good news? The right accountants have experience putting accounting systems for law firms in place to help your business. In the upcoming sections, we’ll explore the specific financial challenges law …
Accounting for Law Firms – How an Accountant Can Help Read More »
Just as you wouldn’t use a hammer to cut a piece of wood, the tools you choose to manage your home-building business finances must fit the task at hand. The right accounting software tool can revolutionise how you handle your business administrative tasks, ensuring higher efficiency and accuracy.  Whether you’re a sole trader or run …
Accounting Software for Home Builders – Is It the Right Choice? Read More »
If you’re a real estate agent, you know how important it is to keep accurate records of your taxes and finances. With the right software, you can save time and make sure that your finances are in order. In this article, we’ll review three of the best tax software for real estate agents: Xero, MYOB, …
Best Tax Software for Real Estate Agents: 3 Options that Make Your Day Easier Read More »
Whether you’re considering going into real estate investment for the first time or looking to invest money and you don’t know how, real estate accounting books are a strong place to start. As a complex and varied area, there are many unique residential and commercial real estate accounting books out there to build your skills, …
Real Estate Accounting: 5 Books to Read for a Strong Start in 2023 Read More »
It’s estimated that real estate agents spend an average of 10 hours per week recording, organising and processing their financial transactions. Accounts receivable and payable, employee salaries, expense receipts and invoices all need to be kept in check. With so many other duties and requirements, more and more real estate agents are turning to professional …
The differences between bookkeeping and accounting are often quite subtle, but they are very distinct for anyone looking to enter either career. In a nutshell, bookkeepers keep a record of a business’s day-to-day financial transactions while accountants emphasise the big picture of those finances. Bookkeepers have to pay close attention to the minute details as …