Jayamali Nawarathne 
What is agile? Agile is a set of values, principles and practices traditionally used for software development that emphasise iterative and incremental delivery, timely responsiveness to change, close collaboration between business stakeholders and self-organising teams, and continuous learning.Essentially, agile is about getting things done in a more efficient, practical and iterative way. It was first … Read more
The accounting profession is constantly evolving to meet the needs of businesses and their customers. However, this also means that accounting firms face a number of unique challenges. We discuss the top ten challenges that accounting firms are facing in 2022. 1. Technology and automation Technology and automation can have a lot of benefits for … Read more
There are a lot of accounting firms out there, and it can be tough to make sure yours stand out. Not only is it important to stand out from competitors to attract clients, but it’s also essential to attract top talent to your firm. If you want your firm to succeed, you need to be … Read more
The world of accounting is changing. And it’s all thanks to blockchain. Yes, that’s right. The same technology that powers Bitcoin is now being used to revolutionise how businesses keep track of their finances, and accountants must adapt to reap the benefits of this innovative new technology. What is blockchain? To understand how blockchain is … Read more
Are you looking for ways to increase the profits of your business? If so, you’re in luck! We will discuss seven simple ways to improve your bottom line. Many businesses are surprised at how easy it is to increase their profits without significant changes. Implementing just a few of these tips can make a big … Read more
Starting a business from scratch can be an incredibly daunting task, and it’s hard enough to get your business off the ground, let alone make it successful. For many entrepreneurs, franchising provides a unique opportunity to get involved in a proven business model with the support of an experienced franchisor. For franchisors, it’s a way … Read more
If you’re like most business owners, you’re always looking for ways to make your company more efficient and profitable. Businesses of all sizes are increasingly using AI to improve their business processes, especially their accounting and bookkeeping functions. This is because AI has a lot of advantages over traditional methods, such as being able to … Read more
The accounting industry is growing rapidly, and with this growth comes an increased demand for qualified accountants. Unfortunately, the global skills shortage makes finding and retaining qualified workers difficult as accounting firms struggle to find the talent needed to maintain high standards. Many accounting firms offer a comprehensive suite of services, including bookkeeping, accounting, payroll, … Read more
What is accounting KPIs? Accounting key performance indicators (KPIs) are a quantifiable measure of the financial performance of a business and provide valuable insights into its financial health. Regardless of the size of your business or the industry you are in, your business will benefit from the insights provided by carefully selected KPIs. Choosing suitable … Read more
Understand Tax record-keeping requirements in Australia It’s essential to keep accurate records of your income and expenses throughout the financial year. This will make meeting your tax obligations much easier when the time comes. The ATO requires that you keep records for a minimum of five years, so it’s a good idea to set up … Read more