9 Ways Your Bookkeeper Can Save You Money

October 13, 2021

9 Ways Your Bookkeeper Can Save You Money   Like many business owners keen to cut costs, you might sometimes try to do too much yourself – including your own bookkeeping! But what you might not realise is that a…

Read More
Bookit Bookkeeping Logo Website

7 Things to Expect as a Minimum from Your Bookkeeper

September 14, 2021

A qualified and professional bookkeeper can do a lot for your business. They can help you keep track of your cashflow for example, and meet your ATO compliance.   Let’s look at what you can expect from a good bookkeeper…

Read More

9 Questions to Ask When Hiring a Bookkeeper

August 27, 2021

In any business, bookkeeping is an essential task that must be done accurately.   If you are considering hiring a bookkeeping firm, here are the key questions to ask before making your choice.   What are your qualifications? You should…

Read More

Bookit: Crunching the Numbers and Solving Challenges!

August 10, 2021

Bookkeeping provides an overview of your financial position, and insights into your business activities. This in turn helps you to make better and more informed decisions. But in order to get these insights, good record keeping is essential, which can…

Read More

A Day in the Life of a Bookkeeper

July 27, 2021

You might imagine the life of a bookkeeper is routine and rather dull. But like life in general, no two days are the same. And working with a great team and a fabulous mix of clients means it’s not quite…

Read More

What Happens if You Get Audited By the ATO?

July 18, 2021

Sometimes the tax office will decide to conduct an audit into an individual’s or business’s tax affairs. Here’s what you need to know about ATO audits.   What triggers an audit? Usually an audit springs off from an initial review…

Read More
Receipt Scanning & Storage | Bookit Bookkeeping

5 Reasons Your Bookkeeper Needs to See Your Bank Statements

July 4, 2021

At Bookit, we value accuracy, thoroughness and compliance, and this is why we ask our clients to provide us with access to their bank statements.   This could seem like overkill, especially in the age of automation and online bank…

Read More

Why EOFY is a Good Time to Review Your Business

June 24, 2021

EOFY (or End of Financial Year) tends to be associated with taxation and finalising your accounts for the year. There are records to complete, reports to produce, budgetary discrepancies to explain, tax returns to lodge, and possibly many meetings to…

Read More

Tips for Recording GST on Imports & Overseas Services

June 18, 2021

If you import goods into Australia for use in your business, and you are registered for GST, you may be entitled to claim GST credits on the costs.   This is because GST is charged on most imports of a…

Read More