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Have you been considering contracting the services of a bookkeeper Melbourne? It’s a smart move and one that brings considerable benefits in both efficiency and cost. Moreover as part of an overall package of Melbourne accounting services, it will help streamline your financial operations. Professional Bookkeeping Services Bookkeeping is at the heart of any business. Without the accurate and timely recording of financial information, a company is in the dark regarding its current position regarding assets, liabilities, cash flow. Without a firm grasp of all these key numbers, executives are unable to determine a company’s health and develop future strategy. You may feel that such a key task should only be entrusted to a reliable member of your staff. But […]

Since your income statement shows a net profit, you should be certain that anyone reading the statements would come away with a favourable impression. You now understand that the outsider is not looking at the income statement for this period alone. He usually compares your current year’s income with the previous years’ statements to be sure of the progressive financial health of your business. Your profit and loss statement should properly demonstrate how much your business has earned during a given period of time. Prepare a profit and loss statement by listing all of your business earnings during the given time. Break them down by category, e.g., wholesale and retail sales. Below the income section of your profit and loss […]