If you are new to business then you will be looking to setup some sort of record of income and expenses. MYOB, Xero and Quickbooks are just some of the packages available for you to explore.
Most new online accounting software has bank rules. This is where certain words which appear in your bank statement like fuel, Telstra or Synergy can be automatically allocated to the correct expense account. This saves you from having to try and remember which account code use.
You can also send invoices directly from your accounting program easily with the click of a button.
If you will be hiring staff then there are also timesheet and payroll details to consider.
Account setup is an important part of any business, and when done correctly can save you time and money.
So if you are new to businesses and require help to get started, why not get in touch and take advantage of our free 1 hour consultation offer.
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