Posts

Showing posts from June, 2022

7 TIPS FOR EFFICIENT BANK RECONCILIATION

Image
 Hi there, I work for a bank and have been in the same position for a few years. It has been an arduous journey, but it helps me pay my bills, so I never thought about changing. Recently, I switched to bookkeeping since I have a degree in bookkeeping and accounting. I realised that bookkeeping is as exhaustive as banking. However, the advanced tools and software make it easy. I have introduced the latest software in my company and now things have become automated. Even the arduous task of bank reconciliation has become automatic. It helps us to identify the discrepancies in minutes and we can get them resolved quickly. Here is an article that will inform you about efficient bank reconciliation for businesses.  https://www.agibookkeeping.com.au/7-tips-for-efficient-bank-reconciliation/

Superannuation consolidation continues as HESTA merges with Mercy Super

Image
 Health and community services super fund HESTA has announced plans to merge with Brisbane-based Mercy Super, adding 13,000 members and roughly $1.7 billion to its funds under management (FUM). HESTA CEO Debby Blakey says the merger builds on the fund's strong growth and longstanding links in the Queensland community, where Mercy Super has been operating since 1962 providing benefits for employees of Brisbane’s Mater Hospital and other Sisters of Mercy organisations. The proposed deal sees a continuation of a consolidation trend in the sector following the merger of QSuper and Sunsuper in February, which created the $230 billion Australian Retirement Trust (ART), and the announcement of Christian Super's planned merger with Australian Ethical (ASX: AEF) in April. Read More: https://www.businessnewsaustralia.com/articles/hesta-confirms-plans-to-merge-with-mercy-super--taking-fum-to-more-than--70b.html

Crypto exchange Coinstash smashes through minimum Birchal target in 12 minutes, raises $1.38 million

Image
 A downturn in the cryptocurrency trading market has not deterred loyal backers of Coinstash, many of whom returned for the Brisbane-based digital asset platform’s second equity crowdfunding raise in 14 months. Facilitated via fundraising platform Birchal, Coinstash has raised almost $1.4 million from 468 retail investors who bought minor stakes in the company. Of those supporters, 31 per cent were returning investors who joined the company’s first Birchal raise when the company received $2.8 million in what was one of the largest crowdfunds of 2021. Read More: https://www.businessnewsaustralia.com/articles/returning-investors-back-the-second-equity-crowdfunding-raise-for-crypto-trading-platform-coinstash.html

Australian Venue Co makes a splash in WA with nine acquisitions

Image
 One of the nation's leading hospitality venue owner-operators is effectively doubling its footprint in the Western Australian market after reaching acquisition and asset swap agreements for nine properties in Perth. Adding to its 180-plus properties nationwide including some of Australia's most iconic pubs, bars and event spaces, Australian Venue Co (AVC) had reached deals to buy seven venues from Ark Group and two in an asset swap with Colonial Leisure Group (CLG). The company's portfolio will now include Scarborough Beach Bear, The Galway Hooker, The Peach Pit, Durty Nelly’s, Market Grounds, The Generous Squire, the Bassandean Hotel, the Raffles Hotel and The Royal. Read More: https://www.businessnewsaustralia.com/articles/australian-venue-co-makes-a-splash-in-wa-with-nine-acquisitions.html