Set up your accounting the right way

Описание: In this Australian Business Podcast episode, Jordan Kidis sits down with Daniel Chand of Grey Space Advisory to go through their 101 accounting tips for business owners and small businesses to set you up for success. 

Topics covered today:
– Essential Accounting Terms to know
– Setting Up Your Accounting the Right Way
– Tax Tips for Small Businesses

Resources mentioned in this episode:
⁠– Book a free strategy call⁠
https://community.inflection.au/c/say...

⁠– Free community⁠
https://bit.ly/R-quest

⁠– Ask a question (select the Business podcast)⁠
http://flexisourceit.com.au/

Chapters
00:00 Introduction
02:46 Revenue, Profit & Cash Flow
06:58 Business Expenses
09:04 Balance Sheets
13:15 Profit & Loss Statement
15:38 GST & BAS
19:22 Superannuation
21:02 Seperate Bank Account
21:48 Cash Vs. Accrual Accounting Methods
23:52 Personal and Business Bank Account
26:42 Tax Tracking
30:26 Tax Structuring
31:43 Limited Liability

Rask Resources
All services: https://bit.ly/R-services
Financial Planning: https://bit.ly/R-plan 
Invest with us: https://bit.ly/R-invest 
Access Show Notes: https://bit.ly/R-notes 
Ask a question: https://bit.ly/R-quest 

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg