Reckon Blog

News and insights for small businesses

Get the latest industry news, including top tips from accounting and small business experts.
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📣 Introducing the Reckon Learning Hub! ✨⁠ ⁠ Reckon Customers and Partners, this one’s for you ❤️ ⁠ ⁠ The Reckon Learning Hub is a one-stop shop for all our on-demand webinars. For one tax-deductible payment, you get instant access to expert-led, exclusive content 💻⁠ ⁠ We also have a discount if you sign up before 30 June 2025! Use LEARN10 at the checkout for 10% off 💸 Once again, it’s tax deductible*!⁠ ⁠ *If you use it for business and professional development purposes. Talk to a tax advisor ✅⁠ ⁠ Link in bio to check it out! 🔗 ✨
Tax season is coming 🐺 ❄️⁠ ⁠ If you know nothing, Jon Snow (about the EOFY) hit the link in our bio 🔗 ✨
Hello to our (MANY) new followers! 👋 We’re Reckon. Here’s what we do.⁠ ⁠ We’re all for small! Our passion is helping the little guy: small business owners. ⁠ ⁠ Did you know that 97% of all Australian businesses have fewer than 20 employees? 💪 In fact, most (63%) actually have NONE! 😱⁠ ⁠ Australia is a great place to start a business; everyone deserves a fair go. So every week, we’ll share news, insights, and tips so you can hit the ground running👷 💐 💻 📲 ❤️ ⁠ ⁠ Doesn’t matter if you’re a freelancer, side-hustler, or established player! We got you covered 👊 ⁠ ⁠ Hit the link in our bio to learn more about what we do 🔗 ✨
More business certainly is…more business 💀 🤑⁠ ⁠ The End of the Financial Year (EOFY) is a busy time of year for bookkeepers, accountants, tax agents — basically anyone who helps business owners get their life in order 🏦⁠ ⁠ If you need help getting started, it’s good to book ahead! They’ll appreciate it 😉⁠ ⁠ Link in bio to find excellent bookkeepers and accountants 🔗 ✨
What did you spot first 👀
There is a difference between a bill and an invoice! 💸⁠ ⁠ A bill is an informal document telling a customer what they owe, while an invoice is a highly structured and itemised statement ✅⁠ ⁠ You get a bill at a restaurant. You get an invoice if you hire a freelancer.⁠ ⁠ For example, a valid invoice in Australia will need to include details like:⁠ ⭐Business name, ABN, address, logo, etc. ⁠ ⭐Goods & services sold⁠ ⭐Line item costs⁠ ⭐Total amount due⁠ ⭐Payment terms (due dates, bank transfer details)⁠ ⭐Invoice issue date⁠ ⭐GST included (if applicable)⁠ ⭐The words “invoice” or “tax invoice” at the top⁠ ⁠ Link in bio for a full breakdown 🔗 ✨
It’s always “slay queen” and never “lay down queen” 💃

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