Entries by The Visory Team

Preparing Your Business for EOFY 2021

Let’s be honest: Preparing for the end of the financial year (EOFY) makes your brain hurt. Tax time is simply a pain in your you-know-what. Between unexpected tax bills and finding out your books are less organised than you thought—unpleasant surprises seem to be around every corner. Even if all goes well, the process is […]

Cash vs. accrual accounting: What’s best for your business?

There are two primary accounting methods: cash and accrual accounting. The accounting method you choose will affect many aspects of your business, including how you report on business income and expenses.  Small organisations can choose between accrual and cash basis accounting. However, publicly traded companies must use accrual.  Additionally, once your business revenue reaches $10 […]

Let’s Play Catch-up: What is Catch-up Bookkeeping?

Has it been a while since you cracked open your accounting software? Oops. When your business grows exponentially, or your bookkeeper hits the road, it doesn’t take long for your books to fall behind. And that can lead to catastrophic results. Catch-up bookkeeping helps you right the ship and make sure you can still keep […]

Top 10 Benefits of Outsourcing Payroll

For an expanding organisation in Australia or New Zealand, growing payroll needs can cause headaches. Are you applying the right tax rate? Is your software able to scale? Are you compliant with government regulations? One misstep, and soon you’ll be buried in some serious paperwork or worse—you might miss a pay period. Fortunately, there are […]