Understanding the difference between Bullying & Harassment

It’s tricky enough to differentiate between bullying & harassment.   As HR professionals it is imperative that we understand the differences and take the correct action to rectify the situation to address the issue to avoid a Fairwork claim. Photo by Tim Gouw on Unsplash So how do we differentiate between bullying and harassment?   […]

When and what is Discrimination?

In every organisation, there will always be difficult employees whom will try to create tension and disruption. It’s not always because they truly have something to mourn or complain about.. they are simply just “difficult employees”. Discrimination has to be against sex, pregnancy, carers’ responsibilities, race, colour, nationality, descent, ethnic, or religious background, marital status, disability, homosexuality, […]

What is the difference between accounting and bookkeeping?

Many people wonder what the difference between accounting and bookkeeping is. Accounting is a matter of analysis. Accountants are charged with examining financial information and presenting what they discover in a format that is useful to a business. Bookkeeping is basically recordkeeping. Bookkeepers’ responsibilities are less complex; they are tasked with entering all the necessary information […]

The importance of bookkeeping: 4 reasons why

The importance of bookkeeping cannot be stressed enough when it comes to running your own business. Bookkeeping is the first step in the accounting process and arguably the most important one. A bookkeeper will compile all financial data – from transactions to wages – and turn them into easy-to-read reports that are ready for future […]

5 signs you need to hire a bookkeeper

At some point, you’ve surely asked yourself – is it time to hire someone to do this for me? The answer is…maybe. As small business owners, we’re resourceful and take pride in doing things ourselves. This resourcefulness is helpful when we start our business as we can minimize costs and run a tight ship. But as our […]

Is your bookkeeper reliable?

There are so many cases of bookkeeper fraud and company theft. How do you know you can really trust your bookkeeper?  Especially if you’ve been burned by an in-house bookkeeper in the past (and that’s more common than you might think for small-to-mid-size business owners!) you may not want to put your financial statements in […]

Do You Have Profit But No Cash? Here’s Why…

The primary weakness of some businesses is that their owners conflate profit and cash when in fact neither of them are the same thing. Profit is what your net revenue is – your revenue once you have deducted your expenses from it. But it’s also something that’s on paper and not necessarily something  you have on […]

Everything You Need To Know About Single Touch Payroll (STP)

You’ve probably seen Single Touch Payroll (STP) now and then in our communications, but what is it really? We’ve all been informed that it’s an implementation that will change the way businesses report their pay as you go (PAYG) tax and superannuation information to the Australian Tax Office (ATO), but questions still prevail. This article will hopefully […]

Are You Issuing Payslips Correctly?: How To Generate Them

On a basic level, payslips are documents provided from an employer to an employee that outlines how much an employee has earned, how much tax was withheld from the employee, and how much superannuation the employee is entitled to.  Payslips are a compulsory document that have to be provided to employees within one working day […]

The Only 3 Reports You Need to Assess Your Business Performance

Entrepreneurs are a busy breed. Being always on-the-go and ready for the next project, client, innovation and so on.. What this will mean is that they will take less time to review their financials.  However, this lack of understanding may actually work against the busy-preneur as they will continue working ‘in-the-business’ and soon realize down […]