Recent content by stevesmith

Zoho Accounting Software, often known as Zoho Books, is a popular cloud-based accounting tool designed for small and medium-sized businesses. It offers a range of features that make managing finances, invoicing, taxes, and payroll easier.

Turnover refers to the total revenue a business generates from its activities, typically over a specific period, like a month, quarter, or year. It's essentially the sales income before any expenses, taxes, or deductions are taken into account.

Retroactive pay (or retro pay) is the money owed to an employee for work they’ve already performed but weren't paid correctly or fully at the time. It usually happens when there's been an error, delay, or adjustment in the pay rate, benefits, or hours worked.

Single Touch Payroll (STP) is an Australian government initiative aimed at simplifying the process of reporting employee wages, tax, and superannuation. It requires employers to report this information directly to the Australian Taxation Office (ATO) each time they pay their employees, instead...