A summary of the JobKeeper alternative tests and how to apply them to calculate your GST turnover for your business
a guide to small business stimulus packages and financial difficulty support from COVID for WA businesses
Learn how to understand your profit magins, net profit, and simple strategies you can use to increase the profitability of your business
Tired of manually entering invoices, bills and receipts? Receipt Bank can take your business paperless and automate your accounts payable
An asset is anything you own that has value and can be converted into cash. Learn about the different types of assets in accounting
Get ready for the end of financial year with our top tips. Learn how to plan for your taxes and business goals for the coming year
Your balance sheet can be divided into equity, assets and liabilities. Learn the difference between them and how they impact the health of your business
Accelerated depreciation, or instant asset write-offs are a popular strategy by government to stimulate spending. We explore what it means for your business
Managing your cashflow is critical to your business. We teach you 3 tips for taking charge of your cash in and out flow in your business to help you succeed
The ATO has a few methods for making tax time easier each year, but one of the most commonly known is the Pay As You Go (PAYG) system
The Australian Goods and Services Tax, or GST, is a value added tax of 10% on most goods and services sales. Learn more about how it works
Cash flow statements reflect the amount of cash and cash equivalents coming into and going out of your business. Learn more about them here
Fathom is a management reporting tool that uses your accounting data in Xero to help you analyse and assess the financial performance of your business
Breakeven analysis is understanding the relationship between price, volume and costs. Use it make better financial decisions based on minimum sales targets
Bonuses and commissions are taxable payments, and can be tricky to calculate correctly. We explore the best practices in paying them through payroll
Fringe benefits tax and entertainment expenses are tricky to understand. We break down what it means for the annual work christmas party
A profit and loss statement paints a picture of your business's performance over a period of time. Learn what a P&L is, and how to read it
A balance sheet is a snapshot of your company's assets and liabilities at a point in time. Learn how to read your balance sheet to monitor your business health
A balance sheet (or statement of financial position) is a summary of a company's financial balances at a specific point in time. Learn how to read it
Learn what a Business Activity Statement (BAS) is, how the reporting works, and the 4 simple steps to prepare it, ready to lodge with the ATO
A Business Activity Statement (or BAS) is a reporting requirement of the ATO when you have employees or report on GST. Learn more about how it works
We explore the difference between cash and accruals basis for recording transactions in your small business accounts