Bookkeeping vs Accounting: What’s the Difference and Why It Matters for Small Businesses in Australia For many small business owners in Australia, the terms bookkeeping and accounting are often used interchangeably. While both are vital for managing finances, they serve very different purposes. Bookkeeping handles daily transactions, payroll, and compliance (BAS, GST, STP). Accounting focuses […]

Why Every Small Business Needs Monthly Management Reports (Not Just Annual Accounts) For many small business owners, the focus is often on survival — getting through the month, paying bills, and staying on top of customer demands. Financial reporting usually gets pushed to the end of the financial year, when it’s time to file tax […]

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