As a sole trader in Australia, managing your finances and accounting tasks can be overwhelming. But the right accounting software will streamline your financial management processes and simplify your life as a sole trader. While you can’t say one of these is the best accounting software for sole traders, looking at their key features and benefits can help you decide.
Business credit can be broadly defined as the funds a business borrows to operate and grow. But there are many forms of business credit to suit the specific needs of companies. These can range from a simple credit card to a large commercial property loan. Here’s a short overview of the types of business credit and how they are used.
A business overdraft is one type of business finance used by many SMEs. Learn about the pros and cons of business overdrafts.
The end of financial year (EOFY) is a time for businesses to get their finances in order and take advantage of tax deductions. Here we look at some of the reasons to consider getting a business loan before the end of financial year.
No-doc business loans and low-doc business loans can be a viable form of business finance for business owners who don’t have a company track record. Here we will explain how these finance options work and what’s needed to get a no-doc or low-doc business loan.
The term ABN loan has become a common way to describe certain types of loans for ABN holders. Considering their popularity, here we’ll unpack the types of ABN holder loans, how you get them and how they can be used in business.
Curious about the instant asset write-off in 2023? After many extensions since being introduced in 2011, the instant asset write-off was extended as part of the Federal Budget in 2021 until 30 June 2023. Here’s an overview of the program and how it can help you in 2023.
If you are a sole trader, getting finance can be difficult and requires you to show that you can repay what you have borrowed. To give you a clearer picture of what’s available for sole traders and what you need to do, we take a detailed look at business loans for sole traders.
Current liabilities are what a company needs to pay within the next 12 months or within its normal operating cycle. Knowing your current liabilities is important because it enables you to plan your finances and calculate important financial ratios. Here we’ll cover a list of items that are added up to determine the total current liabilities of your business.
The term ‘current assets’ is used when analysing the finances of a business. Here we cover the factors that comprise current assets and how they are defined.
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