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Foreigners often joke about Australia being the “upside-down” country, where everything’s turned on its head. And while this benign joke mostly refers to the continent’s geographical location and murderous wildlife, it’s also relevant to Australia’s laws regarding self-employment and invoicing. So, to help you make sense of it all, in this article, we’ll cover everything…
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Looking for ways to optimize your small business operations in 2023? The software landscape has never been more favorable for small business. With solutions that offer everything from robust Customer Relationship Management (CRM) and precise accounting tools to efficient project management and e-commerce platforms, the best software packages now blend cutting-edge technology with intuitive, user-friendly…
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Invoicing is one of the major parts of running any business, whether you offer freelance services, have an e-commerce store, or run a small contracting business in Australia. Without invoices you won’t get paid – they are pretty important! Key Takeaways Selecting the right invoicing software in Australia hinges on matching features with business needs,…
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Whether you’re a small startup or a large corporation, effectively managing invoice processing is essential for maintaining healthy cash flow and optimizing financial processes. But have you ever wondered about the complexities of handling just one invoice?How many steps does it entail, and how much time does it consume? There are a number of things…
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FreshBooks is a great software suite for many small businesses, but it’s not a one-size-fits-all solution. Some small business owners need more flexibility or different features than FreshBooks offers, and this is why it’s important to shop around and look at all of the alternatives. There could be a better fit for invoicing or accounting…
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As businesses continue to invest heavily in SaaS solutions, understanding how to navigate the intricacies of SaaS billing becomes pivotal. Let us understand SaaS billing and explore the various strategies for effective SaaS billing management. This will ensure that your organization can fully harness the benefits of modern cloud-based software solutions without breaking the bank.…
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We have already established the importance of accounting software. They help save time, money, and trouble. Gone are the days of manual accounting, you don’t need a pen, paper, and calculator to do accounting anymore as the best accounting software can take care of long and complicated tasks and provide error-free results in just a…
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Invoices are the lifeblood of all B2B businesses. And in an ideal world, you’d never have to worry about getting paid. Unfortunately, that’s not the world we live in, and unpaid invoices are a common problem for companies of all sizes. Today, we’re here to help you overcome that problem. In this article, we’ll discuss…
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When you first set up your business, you’re not likely to have too many recurring expenses, aside from rent for your premises, if you have one. Fast forward a few months, and you might have financed some equipment. Then you add a few cell phone plans for your sales team, and of course, there are…
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Looking for the best Invoice Simple Alternatives? We’ve reviewed the top 10 best invoicing software that are the ideal alternatives to Invoice Simple. To give you more detail about each platform we’ve included their best features and pricing plans. If you’re wondering why you may need an invoicing system we’ve provided a short section on…
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One of the reasons why many people choose to freelance is the income potential. As a freelancer, you may not have the security a full-time job gives, but you can earn more than your employee counterparts in most traditional business models. However, there’s a big challenge when it comes to dealing with clients and managing…
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The accounting equation is one of the most fundamental concepts in accounting. It expresses the relationship between a company’s assets, liabilities, and equity. This post will explain the accounting equation, how it works, and why it’s crucial for accountants and business owners. We’ll also explore some of the applications and limitations of the accounting equation…
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Digital communications have evolved way past an email here and a newsletter there, especially in the aftermath of COVID-19. Email marketing has become a powerful tool that offers direct connections between brands and consumers, with impressive results. For accounting firms, navigating the complexities of financial services and leveraging the potential of email marketing can be…
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A lot of businesses used paper-based accounting systems before 2000. However, the GST’s introduction caused many small businesses to switch to accounting software, and the $100 voucher the Commonwealth Government offered helped cover the costs of picking the most popular accounting software packages like MYOB. If businesses didn’t make the switch, keeping track of your…
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Success in modern business is measured not just by profits, but by a nuanced understanding of financial metrics. At the heart of this understanding lie Financial Key Performance Indicators or Financial KPIs. These metrics are the compass that guides businesses toward their goals, helping them navigate through the complexities of markets, costs, and revenues. KPIs…
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In the dynamic landscape of modern business, artificial intelligence (AI) has emerged as a transformative force disrupting habitual models and redefining multiple processes to match fast-changing business needs and maximize efficiency. A branch of computer science that focuses on creating intelligent machines capable of mimicking human cognitive functions, AI has become a catalyst for innovation…
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One of the most important parts of running a successful business is knowing how much you make and how much you spend. In simple terms, you must know what your income and expenses are. When you do, it’s easier for you to stay organized and understand the financial health of your business at all times.…
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All small businesses could benefit from extra time and resources. The tedious parts of running a business – keeping track of your business expenses, issuing estimates, invoicing customers, and tracking down payments – all take up valuable hours of the day. That’s why almost every modern business has turned to accounting software. Not only will…