Category: Accounting

Being ambitious in the present business environment indicates developing the way you work and employing talents considering that. Accounting and bookkeeping firms always complain that they can’t find and keep a decent staff.  While the need for talented bookkeepers is occurring more than ever, the number of acceptable candidates is consistently decreasing. While senior bookkeepers […]

Record Type Examples Retention Period Income Records Invoices, receipts, sales records 5 years Expense Records Purchase invoices, petty cash vouchers 5 years Banking Records Bank statements, cheque stubs 5 years minimum GST Records BAS returns, purchase/sales ledgers 5 years Employee records Employment record keeping involves maintaining detailed staff information: Statutory records Limited companies must maintain […]

Updated on: August 18, 2025 – This article has been updated with the latest accounting outsourcing trends, stats, and industry shifts. The rise of accounting outsourcing has changed how businesses handle their finances. By working with a skilled outsourced accountant, companies can ensure accuracy while focusing on what they do best. This approach is not […]

Outsourcing accounting and bookkeeping services have become increasingly important to businesses to optimize financial management, focusing on their main operations. The Global Finance and Accounting Outsourcing Market is estimated to reach $ 81.25 billion by 2030, rising at an annual rate of more than 8%, underlining the growing dependence on these services worldwide. Companies can […]