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Carmen Morris

Owner at On The Money Bookkeeping

Member Since April 2015

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I spent 12 years working as a bookkeeper/accountant for family businesses ranging from 2 - 600 employees. I began my own bookkeeping business in January 2013 specialising in Xero accounting software providing bookkeeping and add-on software solutions and we now service clients with up to 100 employees Australia wide. To sign up to my blog click here.

Accounting

Cash and Accruals for GST Reporting - Which One's Better?

GST reporting is a requirement for every small business owner. Cash and accruals are both applicable in the process of reporting and the small business owner can pick either method.  Accrual basis ...

Read more
Accounting

A Beginner's Guide To Depreciation

Depreciation is a concept that is often not fully understood by many business owners. Let’s start with an understanding of assets, because this is essential to understanding depreciation. Asset An...

Read more
Finance and accounting

Important Things to Consider When Switching from Sole Trader to Company

Your business has outgrown your sole trader structure Many small businesses start out as sole traders. It’s quick and easy to set-up, and cheaper to run from an accounting perspective. However, the...

Read more
Taxation

Important Basics Before You Register for GST

If you are an Australian business with an annual turnover of $75,000 , then you need to register for GST. But not before you learn every single detail about it. If you decided to register for GST, wh...

Read more
Human resources

Small Business Payroll: 10 Things to Consider

Hiring employees, especially for small businesses, isn't as easy as it sounds. It's not only based on agreeing to the same working terms. When it comes to hiring employees, there's a lot of responsib...

Read more
Accounting

Cash and Accruals for GST Reporting - Which One's Better?

GST reporting is a requirement for every small business owner. Cash and accruals are both applicable in the process of reporting and the small business owner can pick either method.  Accrual basis ...

Read more
Accounting

A Beginner's Guide To Depreciation

Depreciation is a concept that is often not fully understood by many business owners. Let’s start with an understanding of assets, because this is essential to understanding depreciation. Asset An...

Read more
Finance and accounting

Important Things to Consider When Switching from Sole Trader to Company

Your business has outgrown your sole trader structure Many small businesses start out as sole traders. It’s quick and easy to set-up, and cheaper to run from an accounting perspective. However, the...

Read more
Taxation

Important Basics Before You Register for GST

If you are an Australian business with an annual turnover of $75,000 , then you need to register for GST. But not before you learn every single detail about it. If you decided to register for GST, wh...

Read more
Human resources

Small Business Payroll: 10 Things to Consider

Hiring employees, especially for small businesses, isn't as easy as it sounds. It's not only based on agreeing to the same working terms. When it comes to hiring employees, there's a lot of responsib...

Read more
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