Every business owner, should know the basics around general bookkeeping. Even if you have a bookkeeper, you still should understand the basics. In this 2 part series ‘Basic Bookkeeping for the new business owner’ Louise from Sovereign Accounts will help you to understand the bookkeeping requirements to ensure you are compliant for each financial year.

This introduction to bookkeeping will give business owners the skills to understand the importance of how to track your business within a Xero Cloud based environment showing you that accounting and understanding your business isn’t as hard as you think. These skills are transferable across different bookkeeping platforms

Part A – For the Beginners
WHAT YOU WILL LEARN:
The importance of having a system in place,
Keeping paperwork
Reconciling your accounts
General ATO requirements
Invoicing & debt collection
Simple guide to payroll
Understanding how to record and claim vehicle expenses

ABOUT YOUR PRESENTER:
Louise is a Chartered Accountant working with Sovereign Accounts. She has over 15 years’ of experience working with a variety of SME clientele on various accounting platforms including; Xero, MYOB and Quickbooks. Her aim is to assist clients reach their full potential by doing what she does best, so they can do what they do best.

Louise has a Bachelor of Accounting and Bachelor of Accounting (Honours)(First Class Honours), as well as being a Registered Tax Agent.

ABOUT YOUR HOST:
Tony is a qualified accountant who has worked at the Australian Tax Office as a GST and New Business Advisor. He has been helping small businesses and has extensive experience with businesses specialising in: horticulture, creative publishing, retailing, and e-commerce over many years.
Tony knows the highs and lows of running a small business as well as the impact it can have on family members. He is keen to help you pull everything together and work out effective ways of organising and running your business. This includes help with: start-ups and business plans, cash flows, budgeting, costings, business exit plans, e-commerce, multi channel selling, inventory management, impacts of margins and discounts, bookkeeping and accounting.

In addition to his small business experience, Tony holds a Bachelor of Financial Administration and is a Certified Practising Accountant.

This is a live online event and will be recorded. Those who attend will receive a copy of the recording & any available resources.
About Business Connect: Business Connect is a dedicated and personalised NSW Government program that provides trusted advice to help you start, run, adapt or grow your small business.