Legally BAS tax tips and strategies Newsletter
One of the most common questions I’m asked is when should I move from Excel to accounting software? My answer is quite simple – when you can’t quickly and easily manage the day-to-day business using Excel then it’s time to move. Trust me, if you’re there, you’ll know it.
Most people start a business because they are good at something – be it plumbing, photography or designing – and not because they’re good at paperwork. So when exactly does it become worth hiring a bookkeeper? This is different for everyone and every business. The answer is not how much you turnover, but rather it’s about your situation, your level of financial expertise and the complexity of the business.
Financial advisors and accountant experts are calling for businesses to seize the opportunity presented by the new financial year to set goals and sort out their finances. Accounting software provider MYOB has released some steps for start-ups to take in the new financial year.