Blog tagged as Accounting

Accounting basics: the profit and loss and balance sheet reports
Do you know the difference between your P&L and your balance sheet? We can explain exactly what each report means – and how it reflects your current performance as a business
RBizz Team
02/07/2025 04:32 PM - Comment(s)
Forecasting: taking the guesswork out of your finance strategy
In uncertain economic times, it’s handy to know what lies around the corner. We’ve outlined the major benefits of using forecasting apps to project your finances into the future
RBizz Team
26/06/2025 12:38 PM - Comment(s)
Tax planning helps you do more with your money
Tax may be boring, but smart use of tax planning is a superb way to help your company do more with your money.
RBizz Team
24/06/2025 10:59 PM - Comment(s)
Plain English guide to profit and loss
When you’re in control of your profit and loss (P&L), you have a tighter hold on the reins of your profitability. Read our Plain English guide to P&L and learn how to boost your profits.
RBizz Team
24/06/2025 10:58 PM - Comment(s)
Our guide to business credit scores
Is your business credit score holding you back? Our guide to business credit scores shows you five important ways to get your credit score back on track.
RBizz Team
24/06/2025 04:44 PM - Comment(s)
Writing a business plan? Read our guide
A business without a plan is like a ship without a rudder. Read our guide to writing a business plan and find out the major benefits of having a detailed roadmap to follow.
RBizz Team
24/06/2025 04:41 PM - Comment(s)
Plain English guide to cashflow
Positive cashflow is the beating heart of your business. Dive into our Plain English guide to cashflow and find out how to get in complete control of your cash position.
RBizz Team
24/06/2025 02:02 PM - Comment(s)
What's the difference between financial accounting and management accounting?
Do you know the difference between a financial and management accountant? If you’re keen to grow, switching to the benefits of management accounting could have a huge impact on your future destiny.
RBizz Team
24/06/2025 02:00 PM - Comment(s)
Keeping your business cash liquid – the difference between cashflow and profit
Do you know the difference between profits and cash flow? We’ll help you understand why cash is king and how to improve your cash flow management AND profitability.
RBizz Team
20/06/2025 02:50 PM - Comment(s)
How your accountant supports business development
Accountants don't just look after the financial side of your business. With our expertise behind your business development, we can help you turn your strategic ideas into real success stories.
RBizz Team
20/06/2025 01:52 PM - Comment(s)
Tax measures proposed by the re-elected ALP
Australian Labor party (ALP) will form the government for a second consecutive term after winning the Federal election with majority seats. We have summarised for you, all tax measures proposed by the ALP throughout their federal election campaign.
RBizz Team
03/06/2025 01:00 PM - Comment(s)
Business credit: how a business credit card helps your startup
A business credit card could be an excellent way to start building your company’s credit profile. We’ve listed five benefits of applying for a business credit card.
RBizz Team
10/09/2024 11:48 AM - Comment(s)
How to prepare your business for an audit
For companies of a certain size, a regular audit is a mandatory requirement. Here’s how to get your finances ready for an audit, so it’s as stress-free as possible.
RBizz Team
09/07/2024 05:38 PM - Comment(s)
Government superannuation contributions to be added to paid parental leave   
In an initiative to promote women’s economic equality, the Labor government has announced plans to pay superannuation on paid parental leave (PPL) for government-funded payments from 1 July 2025.
RBizz Team
06/04/2024 03:09 PM - Comment(s)
The ABCs of bookkeeping
Why is good bookkeeping so vital for your financial management? We’ve got some top hacks for maximising your bookkeeping, and the options for outsourcing this job to the professionals.
RBizz Team
05/04/2024 05:04 PM - Comment(s)
Are you hiring the best talent for your business culture?
Are you hiring the best talent for your business culture? We’ve summarised 5 ways to make sure your next hire is a perfect fit for the business.
RBizz Team
04/04/2024 03:35 PM - Comment(s)
Your guide to claiming working from home expenses for 2023–24 income year
Tax time 2024 is fast approaching and with many individuals still working from home partially or completely, this quick guide can assist you with completing the calculations for claiming the deduction.
RBizz Team
28/03/2024 02:52 PM - Comment(s)
Review your business expenses – and save
Need to cut your business expenses? We’ll review your current costs, find the expenses that could be cut, and will provide a proactive spend management programme to reduce your spending.
RBizz Team
03/02/2024 05:10 PM - Comment(s)
Changes proposed for DGR status and charitable giving rules
The Productivity Commission released a draft report reviewing philanthropic giving in Australia and recommending various reforms
RBizz Team
19/01/2024 02:34 PM - Comment(s)
Payroll tax updates for medical practices
Given the high risk of payroll tax audits across the medical and allied health industry, organisations must understand and adapt to the changing payroll tax landscape.
RBizz Team
28/11/2023 04:04 PM - Comment(s)