Tag Archives: Record-Keeping

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Do you buy business items with your own non-business funds i.e. your cash? Do you include these purchases in your accounts? Surprisingly, some of our clients don’t think that they can or should include cash receipts in their books. This is not the case!

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Sometimes we get receipts from clients that don’t make any sense or it is unclear how the thing purchased relates to the business. When this happens, it is very difficult for us to allocate the purchase accurately (or at all).

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We like to think that we’re doing a pretty good job at being a paperless office. We only print when we absolutely have to, all client files are saved electronically and any paper documents we receive, are scanned to pdf and then recycled. This system works well but the problem is, we started it many […]

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Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the […]

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The number one things that kills most businesses is poor cash flow. Lack of money basically means that your business will struggle to function and if this continues, may even mean you have to close the doors. Luckily there are ways to improve cash flow issues. Read on to find out about 5 ways you […]

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One of the most useful features found in cloud-based accounting software such as Xero and Saasu is the ability to upload and attach documents to various transactions. This is great because it means that not only are you complying with your record keeping requirements, but you can also verify your purchases with others. By “others” I […]

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Do you understand why record-keeping is so important (whether you’re in business or not)? No? Well here is your complete why, what and how of record-keeping. Learn why you should do it and exactly which documents you should be keeping in today’s blog! This blog will assist you whether or not you are a business […]

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Are you a new employer? Do you need help with getting started? Do you know what your employer obligations involve? Being an employer is a huge responsibility and brings with it added compliance to which you must adhere if you want to get it right. To assist you in this task, we have created the […]

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At the moment I’m regularly losing sleep over something that happens quite a bit in our practice. It’s something that really worries me to the point that I almost wasn’t going to write this post because I know that some will frown upon us when they read it. Anyway here goes nothing, here’s the problem:

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Bookkeepers and accountants who are processing your accounts may ask you to present “source documents” to verify the information in your accounting file. What are source documents and why are they important?

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