Difference between P&L and Balance Sheet? - Aussie Bookkeeping Basics

Return to course: MP Aussie Bookkeeping Basics Aussie Bookkeeping Basics

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MP Aussie Bookkeeping Basics

Payment systems
Payment systems - Cash
Payment systems - POS
Payment systems - Bank Transfer
Payment systems - Direct Debit
Payment systems - Gift Cards & Vouchers
Payment systems - Stripe
Payment systems - PayPal
Payment systems - Square
Payment systems - ThriveCart
Payment systems - Buy Now, Pay Later systems
Payment systems - ZipPay
Payment systems - PayPal Pay in 4

Business Structure - Overview
Business Structure - Registrations
Business Structure - Sole trader
Business Structure - Partnership
Business Structure - Trust
Business Structure - Company
Business Structure - Different Types of Companies in Australia

Working with Finance Professionals
Inviting bookkeepers & accountants to your software
What is a bookkeeper?
What is an accountant?
What is a Financial Adviser?
What is a tax agent?
What is a BAS agent?

Industry requirements
ATO requirements
I have employees
Integrations

Integrations
Programs to integrate - POS
Programs to integrate - marketing
Programs to integrate - Bookings & Calendar software
Programs to integrate - other

Profit & Loss Report
Balance Sheet
Difference between P&L and Balance Sheet?
Cashflow
Profit
Difference between Cashflow and profit
Margin
Markup
Difference between Margin & Markup
Margins for different industries
Calculating markups
What are (and why do I need) Key Performance Indicators?
Tracking Key Performance Indicators
Why is cashflow management important?
How to manage cashflow in business

GST & BAS
What is GST?
How do I register for GST?
Requirements when registered for GST
What is a BAS?
What is PAYGI?
Registering for PAYGI
Requirements for PAYGI registration

Employment Forms
ATO Forms
ATO Requirements
Best Practice - Employing others
Best practice - regular bookkeeping tasks - daily
Best practice - regular bookkeeping tasks - weekly
Best practice - regular bookkeeping tasks - monthly
Best practice - regular bookkeeping tasks - quarterly
Best practice - regular bookkeeping tasks - yearly

Before you hire your first employee

Difference between P&L and Balance Sheet?

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