Darcy Bookkeeping & Business Services - Newcastle Bookkeeping Experts

QuickBooks Self-Employed and QuickBooks Online are both accounting software solutions from Intuit, but they are designed for different types of businesses. QuickBooks Self-Employed is specifically designed for freelancers, contractors, and sole traders, while QuickBooks Online is a more comprehensive solution that can be used by businesses of all sizes.

QuickBooks Self-Employed - A Quick Overview QuickBooks Self-Employed and QuickBooks Online are both accounting software solutions from Intuit, but they are designed for different types of businesses. Quic

Having access to money when it's needed is critical to the success of any business, but even more so for small businesses. If you can't pay your suppliers or your staff dependably, it's a red flag that you need to get on top of managing your cash flow, spend time on cash flow forecasting and put some budgets in place. Thankfully there are tools to help make this job easier.

Cashflow Manager: Simple Accounting Software for Small Business Having access to money when it's needed is critical to the success of any business, but even more so for small businesses. If you can't pay your suppliers or

Large and growing businesses can benefit from MYOB Advanced Business, a comprehensive cloud-based platform for resource planning, inventory management, and more. MYOB Advanced Business comes with a wide range of features to help businesses manage their resources efficiently. If you are a growing business, understanding what the platform has to offer could save you time and money in the long run.

Do you need MYOB Advanced Business? Large and growing businesses can benefit from MYOB Advanced Business, a comprehensive cloud-based platform for resource planning, inventory management, and more

As a business owner, you know that time is money. And when it comes to managing your projects, you need a tool that can help you save both. That's where Xero Projects comes in. Xero Projects is a project management add-on for Xero accounting software that can help you track time, expenses, and tasks against projects. It also allows you to create quotes and invoices, so you can get paid faster.

Xero Projects: Is it worth the extra cost? As a business owner, you know that time is money. And when it comes to managing your projects, you need a tool that can help you save both. That's where Xero P

As your business grows, one of the biggest pain points can be managing the time of your staff and making sure they are productive. When you can no longer manually schedule their time and assign work, what options are available?

Quickbooks Time Tracking and Rostering Overview As your business grows, one of the biggest pain points can be managing the time of your staff and making sure they're productive. When you can no longer manual

Whether you're a freelance hairdresser, photographer or graphic designer, business consultant or tradesperson, keeping on top of your finances and cashflow is paramount to the success of a sole trader business. Although it might seem easier to keep track of expenses and income in a spreadsheet, is it the most efficient and cost-effective way to spend your time manually entering figures?

Best Accounting Software for a Sole Trader Whether you're a freelance hairdresser, photographer or graphic designer, business consultant or tradesperson, keeping on top of your finances and cashflow is

Choosing the best MYOB workforce management and rostering app for your business will depend on the type of industry you are in, how many staff you have, and how often their shifts change. If you want your business to operate efficiently, you need the right staff – but even more importantly, you need the right staff at the right time.

MYOB Workforce Management and Rostering Choosing the best MYOB workforce management and rostering app for your business will depend on the type of industry you are in, how many staff you have, and how

Xero rostering software add-ons ensure that your business is always adequately staffed at the appropriate time – enabling you to reduce expenditures and increase productivity. Not to mention, they can also boost employee satisfaction.

Even for small to mid-sized businesses, managing and overseeing employees can be challenging when considering employee availability, sick days, weekend shifts, etc.

Best Xero Rostering Software Add-Ons Xero rostering software add-ons ensure that your business is always adequately staffed at the appropriate time – enabling you to reduce expenditures and incre

Financial reporting with MYOB has never been easier! MYOB accounting software allows you to create detailed reports about any area of your business. Monthly/Annual reports are very important as they will provide you with valuable insight of your stock items, customers and payroll.

Financial Reporting in MYOB - An Overview   Financial reporting with MYOB has never been easier! MYOB accounting software allows you to create detailed reports about any area of your business. M

What is QuickBooks?
QuickBooks is an accounting software package developed and marketed by Intuit.
QuickBooks is one of the most popular accounting software for small businesses in 2023. Whether you want to move away from manual bookkeeping and spreadsheets or you need a better option compared to your current software, QuickBooks can be a good choice without burning a hole in the pocket.

An Overview of QuickBooks Software Capabilities What is QuickBooks? QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks is one of the most popular accounting software f

Did you know?
Xero originated in New Zealand back in 2006. Today, Xero is a major player in the cloud accounting game and they lead the New Zealand, Australian, and United Kingdom cloud accounting markets. Globally, there are more than 2 million subscribers that use Xero.
What is Xero?
Xero

An Overview of Xero Software Capabilities Did you know? Xero originated in New Zealand back in 2006. Today, Xero is a major player in the cloud accounting game and they lead the New Zealand, Australian

What is STP Phase 2?
Single Touch Payroll (STP) is the way you report your employees' tax and super information to the ATO. STP Phase 2 is the expansion of STP and is designed to reduce the reporting burden for employers who need to report information about their employees to multiple government agencies. It’s also meant to help your employees, get the right payment at the right time.

How Xero is Making You STP Phase 2 Compliant What is STP Phase 2? Single Touch Payroll (STP) is the way you report your employees' tax and super information to the ATO. STP Phase 2 is the expansion of ST

There have been a number of exciting updates to QuickBooks online since October 2022 and we would like to show you what these are and how they can help you manage your business activities.

A few of the ones that we’ll be talking about in this article are The New Business Navigation Tab; Prep for Taxes Firm Workflow Update; and The Getting Started Hub.

QuickBooks Very Latest Product Update   There have been a number of exciting updates to QuickBooks online since October 2022 and we would like to show you what these are and how they can hel

First off, let's take a closer look at inventory Management:
What is Inventory Management?
Inventory management, by definition, is the process of ordering, tracking, and using up everything your business stocks. From raw materials to finished goods, a solid inventory management strategy will help ensure your company runs as smoothly as possible.
Why is Inventory Management important?

MYOB AccountRight Latest Product Improvements   First off, let's take a closer look at inventory Management: What is Inventory Management? Inventory management, by definition, is the process of ord

Xero Software has numerous advantages and features for small businesses. Let's take a closer look at some of the latest feature updates:

Enjoy more flexibility in new reports:
A custom suite of reports will help you get answers fast, and streamline your financial analysis.

New Xero Features in Latest Quarter Update     Xero Software has numerous advantages and features for small businesses. Let's take a closer look at some of the latest feature updates:

An Audit is a formal examination of accounting books, documents and vouchers of a business concern in order to verify the profit and loss and the financial position of a business. It’s a systematic check or assessment of financial records of a business, department or organization to establish accuracy or efficiency.

When do I need an Auditor for My Organisation or Business?     An Audit is a formal examination of accounting books, documents and vouchers of a business concern in order to verify the profit and loss an

Zoho Books is a cloud-based accounting software that makes financial management easier for small-business owners. It automates business workflows, has great invoicing features, offers free inventory software, automatically imports bank feeds and helps you stay on top of receivables and payables.

Zoho Bookkeeping Makes Doing Business Easier Zoho Books is a cloud-based accounting software that makes financial management easier for small-business owners. It automates business workflows, has great inv

Small business owners face a variety of challenges when it comes to managing their finances, and debt management is one of the toughest.

Customer debt can quickly spiral out of control if not managed effectively, which is why it’s important to follow effective debt management guidelines so that you can stay in control of your finances.
Here are a few strategies that can help:
1.

Managing your business’s customer debt effectively Small business owners face a variety of challenges when it comes to managing their finances, and debt management is one of the toughest. Customer debt can qu

As a small business owner or aspiring entrepreneur, investing in the right tools can mean the difference between growth and stagnation. Maybe you’ve considered investing in accounting software in the past or just started researching your options, but you’re still not sure why you should purchase it.

Do You Need Accounting Software For Your Business?   As a small business owner or aspiring entrepreneur, investing in the right tools can mean the difference between growth and stagnation. Maybe you’ve

Do You Ever Wonder If And When It's Time To Raise Your Prices?

When to raise prices is a topic many of my clients struggle with.

Typically, you should raise your prices anywhere between 5%-10% every year or year and a half. That sounds like a lot, and it can be.

When is the right Time to Increase Prices for a Service or Product Do You Ever Wonder If And When It's Time To Raise Your Prices? When to raise prices is a topic many of my clients struggle with. Typically, you should ra

Darcy Bookkeeping & Business Services - Newcastle Bookkeeping Experts updated their website address.

In this article, we’re going to be taking a look at the difference between cash and accrual accounting. We’ll cover the pros and cons of the two methods, and by the end of this article, you should have a clearer view of whether cash or accrual accounting best suits your needs.

The Difference Between Cash and Accrual Accounting   In this article, we’re going to be taking a look at the difference between cash and accrual accounting. We’ll cover the pros and cons of the two m

As the director of a company, you might consider a director’s loan (also called a shareholder loan) when you need money urgently but are unable to get a loan from the bank. You may consider taking a dividend from your company but this may not be possible if your company is not profitable.

COMPANY LOANS TO DIRECTORS – WHAT YOU NEED TO KNOW As the director of a company, you might consider a director’s loan (also called a shareholder loan) when you need money urgently but are unable to get a loan

Before starting a new business or expanding an existing one, you may want to create a business plan that outlines your current business model and future growth. The plan can give you a detailed map of where you are, how far you've come and where you want to be with your business. It's important to be thorough when creating your business plan.

How To Draft an Effective Business Plan Before starting a new business or expanding an existing one, you may want to create a business plan that outlines your current business model and future growth.

If you've ever looked at your bank statement or a business financial report, you've probably come across some unfamiliar accounting terms. While it may seem like accounting is its own language, understanding the meaning of key terms can help to demystify financial reports. Here's a quick rundown of some common accounting terms:

Asset: Anything that has monetary value and can be used to generate income. Examples of assets include cash, investments, inventory, and property.

Liability: A financial obligation that must be repaid. Common examples of liabilities include loans, credit card balances, and accounts payable.

Equity: The portion of a company's ownership that is held by shareholders. Equity can also refer to the net value of a company's assets after liabilities are deducted.

Income: Revenue generated by a business through the sale of goods or services. Income is also referred to as "sales" or "revenue."

Expense:

Before hiring a new employee, it is important to know your legal responsibilities and obligations relating to pay, tax, superannuation, hours, entitlements, etc. Employees have different entitlements depending on their type of employment: full-time, part-time, or casual. These entitlements can be found in detail on the Fair Work website.

Looking to Employ Someone? What You Need to Know Before hiring a new employee, it is important to know your legal responsibilities and obligations relating to pay, tax, superannuation, hours, entitlements, etc

Tax planning is a legitimate way to try to reduce the amount of tax you pay and increase your tax deductions by making use of investments, tax exemptions, rebates and benefits as much as possible.

Tax planning is not the same as tax avoidance. Tax avoidance involves the deliberate exploitation of the tax and superannuation systems and is illegal.

Tax Planning - Why it is Important if You Want to Minimise Tax Tax planning is a legitimate way to try to reduce the amount of tax you pay and increase your tax deductions by making use of investments, tax exemptions, rebat