Xero Vs Quickbooks Online Vs MYOB:Increasing Trend of Online Accounting Softwares

By | September 2nd, 2016|Accounting, Bookkeeping|

  The dawn of new millennium in 2000 was followed by a rapid change in business accounting methods with the introduction of Goods and Services Tax. Since the last decade and a half, a considerable number of large and small scale businesses have computerized their account details and transactions. For many, the thought of computerizing their past data was tiring and unnecessary. Moreover, many businessmen refrained from it because of extra work introduced by GST. However, use of computerized accounts can save your business from total failure. Especially in case of small scale business, many think additional reports like BAS are unnecessary. The computerization of small business accounts can thoroughly provide automatic reports to government, which greatly cuts short the hassle and cost of compiling ATO cost. […]

Attention Employers, SuperStream is Coming

By | June 17th, 2016|Accounting, Bookkeeping|

What is SuperStream? And How Can I be SuperStream Compliant? SuperStream is a new law introduced by the ATO so that employees can be notified by their super fund when their super is paid. So all employers will need to pay superannuation contributions electronically (EFT or BPAY), that is Super Stream compliant. The benefit for employers is that with SuperStream you can pay all super contributions in one transaction, even if they’re going to multiple super funds. To comply with SuperStream requirements, you can choose one of the following options. […]

Accounting Software Assures Growth and Profits

By | February 3rd, 2016|Accounting|

The business world, from small and medium enterprises to big conglomerates, relies on accounting software to automate and speed up computing processes and procedures while producing accurate results.  Listed below are the four (4) popular accounting/bookkeeping programs that are consistently ranked among the top accounting software in the market today.  […]