Experts Accounting Tips

 Hi all, As a business owner of a small retail shop, I have always been cautious about spending as less as I can. However, when it came to hiring a professional bookkeeper for my retail business, I knew that I wanted the best person for the job. Many people told me that it would be an unnecessary cost, however, I knew that the bulk of sales taking place everyday will not get recorded correctly by any of us. We needed an expert to keep track of the money coming in and going out. My decision proved right, and we have been managing our books in the best manner ever since. Here is an article that will give you info about other businesses that need bookkeepers.  Read more: https://www.agibookkeeping.com.au/what-businesses-need-bookkeeping-the-most/

 Shadow Finance Minister Katy Gallagher has revealed her teenage daughter has contracted COVID-19 and has accused the government of letting down Australian children.  Senator Gallagher said she was informed that her 14-year-old daughter Evie was among 17 positive cases reported earlier on Tuesday. Read more: https://www.abc.net.au/news/2021-08-17/katy-gallagher-daughter-covid-shadow-finance-minister/100385614

 Qantas has posted another massive COVID-related loss, but is optimistic international travel will resume before Christmas. The airline lost $1.73 billion in the 2020-21 financial year, as the global COVID pandemic raged. The loss is actually a little smaller than the previous year's $1.96 billion loss, despite revenue plunging by 58 per cent to less than $6 billion, due to an aggressive cost-cutting campaign and staff stand-downs. Read more: https://www.abc.net.au/news/2021-08-26/qantas-loss-remains-large-even-before-sydney-lockdown/100408510

 Afterpay's loss has widened by nearly 700 per cent, even as the company came close to doubling revenues last year, with success bringing some of its own costs. Rival Zip's results, also out today, revealed the same story of rapid expansion dramatically boosting costs, even as revenue grew strongly. To devotees of the business model, it is further evidence of future success. Read more: https://www.abc.net.au/news/2021-08-25/afterpay-zip-profit-financial-results-square-takeover-bnpl/100404104

 Hello there, I have been working with restaurant owners for a long time now. As a bookkeeper, I have been supporting them with maintenance of their books and generating reports regularly. Many of them are good at cooking and serving but have little knowledge about accounting. Thus, it has been a struggle to help them understand the nuances of the system. It is important for restaurant owners to understand bookkeeping basics to help their business to grow. They should be aware of the recordkeeping system, generation of reports, maintaining accuracy, calculating taxes, and managing the payroll. Here is an article that will help you to understand these bookkeeping basics in detail if you own a restaurant.  Read more: https://www.agibookkeeping.com.au/5-restaurant-bookkeeping-tips-for-your-business-growth/

 With more than half the nation likely to remain in lockdown for the foreseeable future, there is a big question mark over whether Australia’s record-breaking property price boom can be sustained. A fortnight ago, I argued that Australia’s property boom would “fizzle” based on four observations: Read more: https://www.news.com.au/finance/economy/interest-rates/the-impact-of-delta-and-lockdown-on-aussie-house-prices/news-story/648c938242fe4a941fc2b1143cd609fd

 Afterpay's loss has widened by nearly 700 per cent, even as the company came close to doubling revenues last year, with success bringing some of its own costs. Rival Zip's results, also out today, revealed the same story of rapid expansion dramatically boosting costs, even as revenue grew strongly. Read more: https://www.abc.net.au/news/2021-08-25/afterpay-zip-profit-financial-results-square-takeover-bnpl/100404104

Woolworths’ full-year profit has skyrocketed almost 78 per cent to produce a $2.1bn net profit for 2020/21 despite the ongoing pressures of the Covid-19 pandemic. The figure compares with $1.2bn in the previous year, with sales up by 5.7 per cent. But the increase is also significantly due to one-off gains this year (+$102m) and some one-off write downs last year (-$437m). The supermarket also announced a $2bn off-market share buyback, taking the dividend for the year to $1.08 per share — up 14.9 per cent. Read more: https://www.news.com.au/finance/business/retail/woolworths-announces-2bn-net-profit-to-benefit-shareholders/news-story/c5ba6f2f42b99f27e83ab1085f86d8f3