Why do I need a Profit & Loss Report and how do I read it?

Most people start their business because they are passionate about the primary work of the business — which usually    is not accounting. This means that most business people aren’t completely aware of how to interpret the monthly financial reports they receive. For business owners, the Profit & Loss Report, and other financial reports can highlight…

Move from Excel to accounting software

Small businesses often start out using Excel – but that’s only doable up until a point. Like every teenager eventually becomes an adult, your business needs to evolve and grow. Find out why the smartest organisations are using online accounting software instead…

January 1 2020 changes that you need to know

First home buyers The $500 million First Home Loan Deposit Scheme is set to come into effect January 1, supporting up to 10,000 loans on a first in, best dressed basis. The scheme, which will guarantee loans for up to 15% of the purchase price, will be available to first home buyers with taxable incomes…