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Top accounting tips for your business, by our small business accountants in Melbourne

We have given you some of the best basic accounting tips in order for you to get on feet with a start-up. But now our small business accountants in Melbourne want to enlighten you with some more advanced but still simple accounting tips.

Here’s what our Melbourne small business accountants recommend any growing business to do:

• Always make sure that you are on top of your business cash flow, paying for debts on time and receiving money from customers in a timely manner will ensure a healthy flow in your business
• Manage your debtors, as late payments will diminish your return and is always a waste of your time when chasing up clients in order for them to pay you on time
• Always be sure to use a real time accounting software, what we recommend you use is Xero! It helps us with all of our day to day accounting
• Always keep up to date with technology as you don’t want your business to fall behind
• Finally, don’t forget to always be sure to consult with a professional small business accountant in Melbourne’s CBD

Feel free to contact our small business accountants in Melbourne with any enquiries that you may have.