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Bookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate records. It can be manual or automated, and it ensures that businesses stay organized, compliant with tax regulations, and ready for audits or financial reporting.
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Business Valuation
The process of determining the economic value of a business, used in sales, mergers, or fundraising.
Breakage
Revenue recognized from unredeemed gift cards, vouchers, or prepaid credits that customers never use.
BAS Agent
A professional registered with the Tax Practitioners Board authorized to prepare and lodge BAS on behalf of businesses.
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