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Year-End Bookkeeping Tips for Small Business Owners

The financial year is 12 months, which is a time period used for accounting and tax purposes. The Australian financial year starts on 1 July and ends on the last day of the following year on 30 June. This is the process of assessing, reconciling, and verifying all the financial transactions of the company. This involves calculating the expense of a business, revenue, equity, investment, assets, and more.


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