Category Archives: Accounting & Bookkeeping

Business Plan Outline

Before you put together your business plan or visit your Accountant to do it for you we suggest downloading our Business Plan Outline and completing the questions.  The answers will give you a clear overview of your business before the business plan is prepared.

Click here to download our Business Plan Outline

Report of Profits & Balances

Profit & Loss Statement; Balance Sheet; Trial Balance – what do they all mean?   A Profit & Loss Statement (P&L) is a summary of all the income and expenses for a business over a given period of time. At the end of a period a profit or loss for the business is calculated byContinue Reading

Double Entry – No Worry!

Many bookkeepers use programs such as MYOB and Quickbooks relatively successfully without understanding the underlying accounting entries they are processing. This causes difficulties when processing important but infrequent transactions such as loans or major asset purchases or when transferring to a larger accounting system such as Great Plains or Navision. One reason this occurs isContinue Reading