Big data is revolutionising the way businesses operate and make decisions. Accountants worldwide are being affected as the accounting profession’s role transforms to embrace big data. Those with the skills to effectively manage and interpret this data are in high demand as businesses strive to make sense of the ever-growing pool of data. We will … Read more
As an accountant, you are constantly bombarded with tasks, responsibilities, and deadlines. It can be challenging to keep track of everything, let alone find the time to issue engagement letters to clients. However, engagement letters are an essential part of the accounting process and key to protecting yourself and your client. This blog will discuss … Read more
There’s much more to running a business than just coming up with ideas and putting them into action. There is also the financial side of things, including bookkeeping and accounting. Many businesses rely on a professional bookkeeper or accountant to handle their finances, but what exactly does an accountant and bookkeeper do? What’s the difference … Read more
It happens to the best of us. We meet with a prospective client, we think the meeting went great, and then… crickets and the deal falls through. Maybe they found a better deal elsewhere, were unhappy with the services we offered, or just plain forgot about us. Whatever the reason, it can be a blow … Read more
What is ESG? ESG stands for “Environmental, Social, and Governance.” It refers to the three central factors in measuring an investment’s sustainability and ethical impact. ESG information can help investors decide where to allocate their money.The concept of ESG has been evolving for many years, but it has only recently gained traction in the financial … Read more
The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more
If you’re like most business owners, you’re always looking for ways to make your company more efficient and profitable. Businesses of all sizes are increasingly using AI to improve their business processes, especially their accounting and bookkeeping functions. This is because AI has a lot of advantages over traditional methods, such as being able to … Read more
The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more
Understand Tax record-keeping requirements in Australia It’s essential to keep accurate records of your income and expenses throughout the financial year. This will make meeting your tax obligations much easier when the time comes. The ATO requires that you keep records for a minimum of five years, so it’s a good idea to set up … Read more
Six common bookkeeping mistakes to avoid We highlight the most common mistakes made by SMEs that need to be avoided to ensure the success of their business. With the increase complexity of accounting, compliance and bookkeeping processes, business owners juggle to keep their business profitable. During these challenging times especially, it’s easy to understand where … Read more