[EDITOR'S NOTE: This is a guest post written by Timothy Ng, a personal finance writer.]

When you go into business on your own, you do so to market a product or sell a skill and chances are that skill has little to do with accounting.

As a small business owner you are passionate about your dream, your product, your service and your customers and as a result, keeping your accounts in order can come in very close to the bottom of your priorities.

While it is easy to contract your accounts work out to a virtual assistant or an offsite bookkeeper, as a responsible small business owner – and to ensure you are a successful one – you still need to understand the basics of your business accounts and systems. Read more…

In the last tutorial in this series, we looked at one of the four main business structures in Australia – the Sole Trader structure. Now it’s time to look at another business structure – the Partnership.  Read more…