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Bookkeeping Essentials – Part A
Part A of a two part series.
Every business owner, should know the basics around general bookkeeping. Even if you have a bookkeeper, you still should understand the basics. In this 2 part series ‘Bookkeeping essentials’ Cilla from Sovereign Accounts will help you to understand the bookkeeping requirements to ensure you are compliant for each financial year.
This introduction to bookkeeping will give business owners the skills to understand the importance of how to track your business within a Xero Cloud based environment showing you that accounting and understanding your business isn’t as hard as you think. These skills are transferable across different bookkeeping platforms.
WHAT YOU WILL LEARN:
* The importance of having a system in place,
* Keeping paperwork
* Reconciling your accounts
* General ATO requirements
* Invoicing & debt collection
* Simple guide to payroll
* Understanding how to record and claim vehicle expenses