1300 767 180 Request a Quote
1300 767 180

Managing Business Liabilities with Xero Advisors On The Money Bookkeeping

folder_open Uncategorised
turned_in_not , ,
Managing business liabilities is one of the more common challenges we see here at On The Money Bookkeepers Melbourne, especially when businesses are transitioning from a small, moderately successful operation to a bigger and more profitable one. Some business owners manage their liabilities by accident when their business is small enough that they can get…
Read More

How to Compare and Evaluate Bookkeeping Services

folder_open Bookkeeping, Payroll, Small Business Tips
turned_in_not , , ,
When comparing and evaluating bookkeeping services, we believe that it’s important to consider more than just the hourly rate or fixed fee that you’re paying. I believe that there are at least two considerations. One is the total cost of the service(s) that you’re receiving and the other is the quality of the service that…
Read More

How to Identify Bookkeeping Problems in Your Financial Accounts

folder_open Bookkeeping
turned_in_not , ,
Do you know if your business accounts are in good health? Do you know how to tell if your financial reports reveal bookkeeping problems or errors? Here at On The Money Bookkeeping Melbourne, we are often contacted by business owners who want to hand over their bookkeeping as their business grows and becomes more sophisticated.…
Read More
How to Set Up Accruals for Time in Lieu : RDOs in Xero

How to Set Up Accruals for Time in Lieu / RDOs in Xero

folder_open Payroll
turned_in_not , , , ,
In some industries, employees frequently work additional, unpaid hours that accumulate as a form of leave. This can be added to Xero payroll so that both employer and employee have a transparent method of tracking and monitoring the entitlements for this leave type. In the Australian version of Xero, accruals for employees leave such as…
Read More

Why High-Quality Bookkeeping and Accounting are Keys to Business Success

folder_open Bookkeeping
turned_in_not , ,
Is your business genuinely prospering and successful? Or is it just getting by, and you wish for sustainable growth and profitability? On The Money Bookkeeping Box Hill has a team of experienced Xero bookkeepers and accountants who can help your organisation achieve its business and financial goals. While the definition of small business success differs…
Read More

How to Keep Your Small Business Payroll Free from Theft and Fraud

folder_open Bookkeeping
turned_in_not , ,
Payroll fraud affects more businesses than we care to admit, but you can take some simple precautions with good payroll management to ensure your company doesn’t lose to dishonest employees. Unfortunately, payroll fraud is most commonly committed by trusted staff over a long period. Often, a person starts honest but notices weaknesses in the system…
Read More

Understanding Perpetual Stock Management and Costing

folder_open Accounting, Bookkeeping
turned_in_not , , ,
Inventory or stock management is a crucial area that can significantly impact your business’s profitability. It pays to stay on top of your inventory costing for many reasons. You need to know precise stock levels and understand the shelf life and rotation. How much stock you have directly affects your profit or loss at the…
Read More

Thinking of Selling Your Business? Financial Aspects, Tips & Guidance

folder_open Accounting, Bookkeeping
turned_in_not , , ,
There’s a lot to take care of when selling a business! It’s often an emotionally demanding time during the process, and things like the bookkeeping and accounting for the sale of business can get pushed down the priority list. Taking care of the accounting means it’s easier for both parties – the seller and the…
Read More
Load More
Menu