Good management reporting is essential for any business. These reports are crucial when it comes to analysis and making business decisions. Here are my top tips for getting good management reports using your accounting software. Ensure Consistency in Allocations When allocating transactions, it’s important to be consistent. For example, if you’re allocating a transaction to…
If you know me, you know I LOVE sport, and my son loves his sport even more. He is a fanatical cricket fan. He would play cricket, and then come home and get straight on the My Cricket app to look at his stats and work out where we went wrong and what he could…
Wondered how training can benefit your medical practice? In our experience, medical practices have quite a few moving parts. There are directors, medical practitioners, reception, office staff and management. Add on top of that staff turnover and changes/ upgrades to systems and that is exactly why we created courses for medical practices! After speaking with…
What are expense claims? If you are a business owner with staff members who spend their personal money for something business related and they want you to reimburse it or if you don’t have a staff but you are under a company structure where your identity is completely different to the business and you purchase…
What can I say? I am passionate about Xero! For me Xero makes accounting accessible and straight forward for business owners that don’t have much experience with bookkeeping. It is simple to use and gives you all the up to date reporting that you need. It also means that you can do all of your…
Training is important because it represents a good opportunity for employees and business owners to grow their knowledge base and improve their job skills to become more effective in the workplace. Training empowers you and your team to learn new skills, refine existing ones and promotes performance and productivity. These are the ingredients which allow you to be the leader you’ve always dreamed of!
One of the main reasons small businesses fail is because they don’t have a good bookkeeping system. Particularly if you have employees or inventory, a good accounting system will keep you on track. There are some businesses still doing books by hand or using spreadsheets, and there is nothing wrong with that however accounting software…
Can you believe it is May already! With the 30th June just around the corner, now is the time to check you have your bookkeeping and accounting in order. We have put together a few tips to help you breeze through your bookkeeping for the end of financial year. Make sure your paperwork is up…
As busy business owners, we rarely have time for ourselves, let alone time for upskilling in areas that may not directly correlate to your businesses offering. Time and time again, business owners approach us with their books in quite a state. Yes, of course we can help sort things out, however what we can also…
Ask any small business owner what they need more of and the answer is always TIME! Running a small business is time consuming and there is often never enough of it. The second response is probably around cash flow. Small businesses need to operate on a lean budget and every dollar counts. So, what if…
