Blog | Nobel Thomas Bookkeeper Melbourne

October 12, 2015

Cloud Accounting: What You Need to Know

Accounting software shouldn’t be a chore to use Small business accounting software that’s not available via the cloud can be tedious. Traditionally, it can suck up far too much of your business’ time and effort. This doesn’t add value, and takes the fun out of being in business. Cloud software can save your company time and money. So what is this thing called the cloud? Think about when you use internet banking. Every time you access this data, you’re using the cloud. The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. Your hard drive is no longer the central hub. Problems with Traditional Accounting software The data in the system isn’t up […]

September 29, 2015

Why Pay Attention to Financial Statements?

The Diversity of Financial Reporting Don’t expect financial statements to fit into a single mold. Many articles and books on financial statement analysis take a one-size-fits-all approach. The less-experienced investor is going to get lost when he or she encounters a presentation of accounts that falls outside the mainstream or so-called “typical” company. Simply remember that the diverse nature of business activities results in a diversity of financial statement presentations. This is particularly true of the balance sheet; the income and cash flow statements are less susceptible to this phenomenon. The Challenge of Understanding Financial Jargon The lack of any appreciable standardization of financial reporting terminology complicates the understanding of many financial statement account entries. This circumstance can be confusing […]

September 14, 2015

Financial Tips For Young Adults

Unfortunately, personal finance has not yet become a required subject in high school or college, so you might be fairly clueless about how to manage your money when you’re out in the real world for the first time. If you think that understanding personal finance is way above your head, though, you’re wrong. All it takes to get started on the right path is the willingness to do a little reading – you don’t even need to be particularly good at math. To help you get started, we’ll take a look at eight of the most important things to understand about money if you want to live a comfortable and prosperous life. Know Where Your Money Goes Once you’ve gone […]

August 5, 2015

Tackle the Hit List of ATO with These Tax Tips

It’s time to do some tax planning with the announcement the ATO made with their 2013-14 hit list. Here are a few tips to help you do some great planning: Nest Egg Building You can more quickly build your nest egg when you pay fifteen per cent rather than forty six and a half per cent. One of the most legitimate and best methods of minimizing your bill for income tax is by sacrificing your salary into superannuation with these terms. Getting a bookkeeper Melbourne will actually help you through the process. Offset Losses and Defer Sales With the gains you already make, offset losses and defer sales in order to minimize capital gains tax. In the year 2013-13, it […]