Tax preparation Sydney | W Advisory Accounting

Qualities your best bookkeeper should have

The primary task and responsibility of your bookkeeper is to keep track of the financial records of your business. And so, what should you look for in a bookkeeper? They must be registered. A bookkeeper performs basic accounting and is not technically a qualified accountant. They undergo a formal bookkeeper or accounting training and is[…]

Tax preparation Sydney | W Advisory Accounting

Things that your accountant should do for you beyond compliance

Cannot wait for New Year’s Day? In the finance world, it is the day of April 1 that we look forward to. From the financial point of view, this is the day that gives us the opportunity to review and evaluate the performance of the previous financial year and create a plan for the future[…]

Tax preparation Sydney | W Advisory Accounting

Cloud computing basics you need to know

As experts would suggest, the concept of cloud computing is not just a marketing tool – It is an improved way of acquiring business services in a faster, cheaper and better way. It is used to run many business functions. For us accountants, we use this tool to provide better and affordable service to our[…]

Tax preparation Sydney | W Advisory Accounting

Balance Sheet: Why is it important to your business?

Balance Sheets The balance sheet, also called ‘statement of financial position’ is an important tool for understanding the health of your business. In summary, this sheet shows your company’s assets, liabilities, and equity. And to put it simply, it is called a balance sheet because your assets must equal your liabilities plus your equity (Assets[…]