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How BuildXACT Improves Job Costing and Profitability for Small Residential Builders
For residential builders across Australia, managing estimates, budgets, schedules, and suppliers can be overwhelming without the right technology. BuildXACT has emerged as one of the most reliable construction job-management platforms, offering end-to-end control over every stage of a project. For accounting firms supporting builders, recommending the right software is now a strategic advantage helping clients reduce cost overruns, improve…
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Rounded – All-in-One Business & Accounting Tools for Australian Sole Traders
Running a business as a sole trader in Australia is rewarding but let’s face it, managing invoices, tracking expenses, and staying tax-ready can feel overwhelming. That’s where Rounded comes in. Rounded is an Australian-made, all-in-one accounting and invoicing tool built specifically for freelancers and sole traders. It brings everything together so you can get paid…
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Understanding the Factors That Prompt ATO Tax Audits and Strategies for Maintaining Compliance
Running a business in Australia means managing not only your operations but also your tax obligations with precision and care. The Australian Taxation Office (ATO) employs advanced data analytics and compliance programs to identify irregularities in tax returns. While audits are not common for every business, certain behaviors and inconsistencies can increase the risk of being reviewed. Understanding what…
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The Future of Bookkeeping: Essential Skills for a Transforming Industry
Bookkeeping has always been the foundation of sound financial management. But in today’s fast-changing business landscape, the role of a bookkeeper is evolving far beyond data entry and reconciliations. Automation, artificial intelligence (AI), and cloud-based accounting platforms are transforming how financial data is processed, analysed, and presented. The future of bookkeeping is bright — but…
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Everything You Need to Know About NowInfinity – Australia’s Leading Entity Management
Managing corporate compliance, trusts, and SMSFs is a growing challenge for accounting firms and business owners in Australia. With increasing regulatory demands, manual processes often lead to inefficiency, higher costs, and compliance risks. This is where NowInfinity steps in. Designed for accountants, financial advisers, and legal professionals, NowInfinity is an all-in-one cloud platform that centralises…
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The Role of Bookkeeping in Securing a Business Loan
When you’re looking to secure a business loan, whether from banks, credit unions, or private lenders, one of the first things they evaluate is your financial health. This is where accurate bookkeeping becomes a game-changer. Proper financial records not only demonstrate credibility but also improve your chances of loan approval with better terms. In this…
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Clinic to Cloud + Xero: A Game Changer for Healthcare Accounting
In the evolving landscape of healthcare, Australian accounting firms are increasingly seeking integrated solutions to streamline financial operations for their medical clients. Clinic to Cloud, a cloud-based medical practice management software, emerges as a pivotal tool in this endeavour, offering features that bridge clinical workflows with financial management. Understanding the Shift Towards Cloud-Based Practice Management …
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Legal Bookkeeping Services Supporting the Success of Law Firms
Effectively managing finances is an essential yet intricate component of any business, particularly for law firms, which face distinct challenges in financial management. The complexities associated with trust accounting, stringent compliance requirements, and the necessity for precise financial reporting can be particularly demanding for legal professionals with limited time. This is where specialized legal bookkeeping…
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Why Your Accounting Firm Needs FYI: Key Features and Benefits Explained
FYI is a cloud-based solution designed for accountants, offering seamless integration with Xero Practice Manager and other practice management software. It is a document management system that simplifies practice automation, enhances efficiency, and provides secure storage for templates, policies, and procedures. FYI streamlines the creation and management of standard documents, helping accounting practices save time…
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Reasons for Entrepreneurs and Business Owners to Establish a Consistent Salary
As an accomplished entrepreneur and business owner, you often take on various roles, including idea generator, decision-maker, and, at times, bookkeeper. Given the numerous responsibilities you manage, it is crucial not to overlook an essential element of your business finances—ensuring that you pay yourself a regular salary. By doing so, rather than withdrawing funds on…