Blogs

The blast in the information that has started the Fourth Industrial Revolution, a period when business operations will get changed by digital technology frameworks, has empowered a few innovation trends to create. Each business can use these significant technologies. They should focus on using these technologies to accomplish the organisation’s business system. Further, it’s also […]

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 […]

Note: This article was updated in 2025 to reflect the latest industry practices and bookkeeping best practices. Keeping track of your transaction records in 2025 is more than just about following procedures; it provides clarity and control over your finances, allowing you to manage them much more smoothly. Whether you are a small business owner […]

Updated on June 10, 2025 Good books are what help you develop your accountancy business. They make a great difference. Things may not proceed as well as you wish otherwise. Bookkeeping outsourcing is what comes in then. Most businesses outsource their finances to be handled by in-house accountants. But it’s not always the most preferable […]

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 […]

Managing payroll can take a lot of time and effort. While some companies do this themselves, many choose to hire outside firms for help. This practice is known as payroll outsourcing. It has both benefits and drawbacks that companies should think about. This article explains what payroll outsourcing is, its advantages and disadvantages, how payroll […]