Category Archives: Bookkeeping
Oakenco’s Web Weekly Snapshot!
It’s difficult to keep up with the 1,000s of articles and continual technological developments published daily, so each weekend Oakenco is going to publish a selection of articles, blogs and news that we hope you will find interesting and relevant to your online business.
Articles will be arranged by category to help you quickly navigate to what interests you the most. Topics that will be included are, small business and bookkeeping advice, social media, marketing and technology. Along with any other news and information we believe may benefit your online business.
Here is this weeks list of interesting articles, blogs and breaking news:
Small Business:
- 9 Things Businesses Need to Know About Web Security By Mashable – Are you aware of the various common methods of internet security attacks?
Bookkeeping:
- Virtual Bookkeeping? Please Explain? By Louise McLoughlin – An excellent article sharing all the how’s of remote bookkeeping services!
Social Media:
- How a Social Network Helps Families Coping With Autism - Computer access and Social Media is giving voices to those that can’t always speak!!! I would highly recommend following @CarlysVoice such a mindblowingly strong individual!
- HootSuite Adds Support For MailChimp, RSS Reader, More by Mashable – I’m a tweetdeck fan, but looks like it’s time to explore the virtues of Hootsuite.
Twitter:
- Craigslist Founder Will Donate $1 Per Tweet About
#Squirrels4Good - Were you part of the social experiment?
Facebook:
- Facebook Buys AOL Patents From Microsoft For $550 Million In Cash By TechCrunch – Microsoft and Facebook partnering up? Interesting development.
- LinkedIn Launches iPad App, Takes New Direction By Mashable – Great news for all those Apple product users!
- As Pinterest’s Hype Peaks, Growth May Be Slowing By TechCrunch – Pinterest never piqued my interests, do you use it? What are your thoughts?
Blogging:
- How To Set the Canonical URL for a Post or Page in WordPress - By Ask Kim -
- How to Write a Great Paragraph By ProBlogger – So you have a great heading, but you’re losing your readers after the first 2 paragraphs, here is some great techniques to writing well.
Google:
- Gmail Redesign No Longer Optional By Trindy Oakley – I’ve been using the new design for a few months, I quite like it!
- Seven Gmail Add-ons That Make Email Suck Less By TechCrunch – How many of these extensions are you using?
- Google Drive Goes for a Spin [HANDS-ON] By Mashable - I’m really enjoying the product integration by Google but will probably stick with Dropbox a while longer.
- Enterprise Open Source Usage Is Up, But Challenges Remain By TechCrunch
- A Faster Emulator with Better Hardware Support By Android Developers Blog
- Microsoft Takes On Dropbox With SkyDrive For Windows, Mac and iOS byTechCrunch – I’ll stick with Dropbox thanks!
- Chrome about to pass IE in browser share by Dave Girouard and Tweeted by Tim O’Reilly - Competition in the computer industry keeps everyone on their toes!
- Confirmed: Galaxy S III To Pack Samsung’s New 1.4GHz Exynos 4 Quad Processor By TechCrunch – I love my Galaxy SII so I’m really excited about this next release!
Drupal:
- Google announces Summer of Code results for 2012 – Drupal gets 13 projects!! By drupal.org
- DrupalCon Munich is around the corner: call for papers and registration open By drupal.org
- Drupal Downunder 2012 Group Photos: Tag yourselves! Photo on G+ or Photo on FB.
Conferences:
- Melbourne Internet Show – 30 April – 1 May – Looks like some very interesting sessions, Oakenco will be there!
- PyCon Au 2012 - Early Registrations OPEN!
- Australian Virtual Assistants Conference 2012 (AVAC) - This coming weekend 4/5 May.
- BarCampMel 2012 - It’s confirmed 28/29 July 2012 and tickets are selling fast!
Oakenco’s Web Weekly Snapshot
It’s difficult to keep up with the 1,000s of articles and continual technological developments published daily, so each Saturday Oakenco is going to publish a selection of articles, blogs and news that we hope you will find interesting and relevant to your online business.
Articles will be arranged by category to help you quickly navigate to what interests you the most. Topics that will be included are, small business and bookkeeping advice, social media, marketing and technology. Along with any other news and information we believe may benefit your online business.
Here is this weeks list of interesting articles, blogs and breaking news: Read the rest of this entry
Start-Up Tip – Separate your Business & Personal Finances
When starting your own business, it is absolutely imperative that you set up a separate business bank account. Even if you are operating as a Sole Trader, it will make your life easier when it comes to separating your personal and business finances.
It really is the best advice for Start-Ups that Accountants regularly give!
Keep Business and Personal Separate
Whether you do your own bookkeeping or you decide to hire a professional, when it comes to accurately updating your financial records life becomes so much easier when all personal expenses are separated from business expenses. Far less confusion, hair pulling and time is required to finalise the books.
Should you be charging GST having additional bank accounts to easily transfer and separate out income and GST is vital, there is nothing worse then being lumped with a tax bill you can’t afford because you’ve overspent.
When it comes to tax time or worse your business is audited by the ATO, having separate personal and business accounts will provide the ability to quickly and easily show your business income and expenses by simply looking at the debts and credits in your bank account.
Setting Up Your Business Bank Account
Depending on the bank or credit union you elect to use, you will be required to bring different items to set up your account. Generally, it will be expected that you can provide the following items:
- Photo ID
- Certificate of Business Name Registration (opens in a new window)
- Business ABN (opens in a new window)
- Your Tax File Number.
- (Possibly proof of address)
If you are still unsure of exactly what will be required, there is no harm in calling your bank or credit union ahead of time, to make sure you will have all of the required documentation and information.
