Welcome to the August edition of Coffee Time with BookkeepersNet. We’re now a month into the new financial year, which makes it the perfect time to settle into good bookkeeping habits that will make the rest of the year easier.
Bookkeeping doesn’t need to be complicated. The businesses that stay on top of their finances are usually the ones doing the small things consistently. Here’s what’s in this edition:
- Quick rundown: keep your bank accounts reconciled, stay on top of your invoicing, categorise expenses regularly and don’t let paperwork pile up.
- Pro tip: if you use Xero, MYOB or QuickBooks and haven’t connected your bank feeds yet, now is a great time. Bank feeds mean less manual data entry, faster reconciliations and a clearer view of your cash flow.
- From the blog: a recap of our stress-free bookkeeping series: the Green Zone, the Yellow Zone and the Red Zone.
- Mark your calendar: the July to September quarterly BAS is due on 28 October if you lodge it yourself.
- Industry insight: businesses rarely fail because they’re busy. They struggle when cash flow isn’t managed well.
The full newsletter is below.
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This post is general information only. It does not take your personal circumstances into account and is not advice. BookkeepersNet, Registered BAS Agent No. 26213046.