The problems or concerns:
Restaurant or shop owners are usually using traditional ways to record their income and expenses. Some people use paper cash book or Excel which needs a lot of time to record entries every day. And reconciling these records back to the bank transactions is not only hectic but also draining.
The introduction of single touch payroll and super stream requirements have been further complicating the accounting processes. It means that you need to move to electronic software to meet the reporting requirements.
Most shop owners typically have issues such as:
