Tax preparation Sydney | W Advisory Accounting

5 Bookkeeping Mistakes that can Ruin your Business

Bookkeeping errors are costing small businesses time and money. It is important in any business to ensure hiring a professional and experienced bookkeeper you can trust. Most businesses would not know where to begin when reviewing their bookkeeping or their bookkeepers’ work. The easiest way to tell if your bookkeeper is doing a great job[…]

tax returns Sydney | W advisory accounting

The Ultimate Cheat Sheet On Accounting

This should have been my first post because this post goal is to introduce our company, W Advisory. But as they say it’s better late than never. W Advisory provides accounting services to individual clients and businesses. We have been an integral partner to people and business owners when it comes to their financial needs. This[…]

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

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[…]