Accounting On Purpose

Accounting Basics in Australia - 3 Things Every Small Business Should Do! // Owning a small business means you have to wear many hats and one of those hats is accounting basics. 

In this video I run through the three things I believe are the accounting basics for small businesses here in Australia. It very much is Accounting 101 but that is all you truly need to have a handle on! You can’t possibly worry yourself with being an expert at everything while you also try to take on marketing, sales, websites, managing teams, product/service delivery and so forth.

Accounting standards in Australia are different to other countries so it’s important that you make sure you understand what is required of you here in Australia.

In this video I also reference Xero Australia which is a great program for small businesses and has all of your small business accounting basics. Always make sure you do your due diligence.

If you are looking for accounting basics for beginners or you’re interested in Australian accounting then this video is for you!

Connect with me on LinkedIn or visit our website rightsource.com.au

Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.

If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.