Even if there is some time for the end of the financial year, it is good to be prepared for it in advance. I have seen people struggling to update their books at the end and getting stressed about the whole situation. Here,I would also like to add that if you have hired an efficient bookkeeper in Melbourne for the job, there is nothing to worry as your books are updated regularly and you get their valuable advice from time to time in accordance to your financial status, sales, expenditure and
Not for profit entities are those who do not work for personal gain but the betterment of the society. But for any such organisations, it is vital to maintaining records of all their activities and financial benefits in the form of donations or charity. However, the set of rules for such entities are different from ordinary businesses submitting their business reports for taxation purposes. They have to report to the Australian Accounting Standard Board, who is responsible for the development an