Shoebox Blog

Teaching Kids About Money: Part 2

In Latest News | Posted 2 days ago, 30/10/2020 at 8:14pm

To extend on our last article, today we explore some additional skills and concepts that are the basis of good money management. While some of these seem a little complex for young children, the earlier they begin to grasp these concepts, the deeper an understanding they will gather as they get older.

Teaching Kids About Money: A Guide to Good Money Habits For Your Child

In Bookkeeping Basics | Posted 3 weeks ago, 15/10/2020 at 10:32pm

One of the benefits of starting learning about money early is that young children are quite impressionable. As kids get older, it can be tough to break bad money habits. To help you teach kids how rewarding it can be to save up for something they want, we outline some strategies you can use.

When Things Don’t Add up: How to Detect Bookkeeping Fraud in Your Company

In Bookkeeping Basics | Posted 25/09/2020 at 8:50pm

There are many different types of fraud that can occur within businesses. The ATO often audits businesses to ensure they are following the correct processes and keeping appropriate records. So, it’s important to understand the types of fraud to know what to look out for in your business, should you experience this unfortunate situation.

Free Mental Health Resources for Small Business Owners

In Bookkeeping Basics | Posted 11/09/2020 at 3:18pm

If you’re struggling, the first thing you should know is that you are not alone. Focusing on your mental health isn’t selfish or silly – it’s important. Sometimes taking a step back and taking a moment to give yourself a break and seek professional help is necessary to refocus your brain.

Most Common Small Business Accounting Errors To Avoid

In Bookkeeping Basics | Posted 27/08/2020 at 2:14pm

Making the right calculations and correctly recording your cash flow is not only important for legal reasons, but also for tax purposes. Errors can be costly to fix. That’s why some business owners opt for hiring external help from a professional bookkeeper, accountant, or tax agent. If that’s the case, always ensure they’re certified for the job and have endorsement from other small businesses.

What is Open Banking and How Will it Affect Your Business?

In Bookkeeping Basics | Posted 07/08/2020 at 7:08pm

Open banking is all about transparency and it gives bank customers direct access to their data and allows them to request that data to be sent to other financial institutions.

Bookkeeping Tips For Construction Businesses

In Bookkeeping Basics | Posted 29/07/2020 at 1:44pm

There are some common financial operations among most construction businesses; you will have employees or contractors – sometimes both – and you will be contracted to provide services to the public or other businesses. As this can get overwhelming when projects start, sometimes it’s easier for an expert to take the reigns.

The Ins and Outs of Bookkeeping Software for Small Businesses

In Bookkeeping Basics | Posted 16/07/2020 at 2:04pm

Bookkeeping software is not only good for keeping track of your cash flow, but it also helps you avoid errors in invoicing, payroll, and record keeping. It is great if you’re looking to get organised and stay on top of your expenses.

Partnering Up in Business

In Bookkeeping Basics | Posted 16/06/2020 at 2:51pm

Running or starting a business solo can be challenging. That’s why some sole traders choose to go into business with a trusted partner. Here, Shoebox provides a guide on everything you should know before entering into a partnership. Read on to learn more about business partnerships before you make the leap and join forces.

What’s the Difference Between Bookkeepers, Accountants, and Tax Agents?

In Bookkeeping Basics | Posted 05/06/2020 at 3:04pm

To give you a stronger understanding of the similarities and differences between Bookkeepers, Accountants, and Tax Agents, Shoebox provides a summary of each role. This guide shows you what working as a bookkeeper, accountant, or tax agent may look like and some of the qualifications you’ll need if you’re wanting to break into the industry.

Differences You Need To Know As a Sole Trader or a Small Company

In Bookkeeping Basics | Posted 22/05/2020 at 9:17pm

If you’re a small business, you might be wondering whether you qualify as a small company or a sole trader and where certain limitations apply. It’s important to distinguish your business as one or the other as both contain different legal, tax, record keeping, set-up costs, and financial reporting obligations to the ATO, as do all the business structures.

Shoebox Franchisee Recaps JobKeeper and COVID-19

In Industry News | Posted 20/05/2020 at 12:16pm

As COVID-19 restrictions ease, businesses begin to resume some sort of 'normal' operation. With JobKeeper Payments rolling out in early May, bookkeepers and accountants have been crazily putting in the work. Read about the experiences from a Shoebox Franchisee.

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