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Australia is rapidly moving towards a digitally connected economy, and e-invoicing plays a key role in transforming business practices. Led by the relevant authorities and driven by the PEPPOL framework, this shift is not just about replacing paper but is set to deliver quicker, safer, and error-free invoicing for businesses of all sizes. The Australian […]

The pace of the Fourth Industrial Revolution has brought a surge of innovation that is rapidly transforming business operations worldwide. For accountants and bookkeepers, this shift isn’t just a trend, it’s a necessity. Outdated processes, manual data handling, and fragmented software tools often leave professionals feeling overwhelmed, error-prone, and inefficient. Meanwhile, competitors are embracing automation, […]

Being ambitious in 2025 means evolving your approach to work and talent. Many accounting and bookkeeping firms struggle to find and keep skilled staff as industry demands grow but qualified candidates decline. Experienced bookkeepers frequently retire, while graduates move to other industries and accountants in Brisbane report this trend. The sector is often seen as dull and low-paid, with […]

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 […]

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 option. In case you would […]

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 […]