14 reasons to consider Cloud Software

What do I need to know about cloud software?… 14 REASONS TO CONSIDER CLOUD SOFTWARE If you’ve been thinking of moving your accounts into the cloud here’s some really good reason to consider it. 1. No server requirements – reduced hardware and maintenance costs. 2. Access anywhere in the world that has internet: even when

How To Tune Up Your Accounting System For Better Performance Next Year

Like to know how to improve Xero operation? Accounting systems are often the last thing business owners want to focus attention on. GST and tax compliance are often the main objectives. This thinking is a massive lost opportunity! A little thought at the start of a new financial year, can reap big benefits in terms

Is Sharing Accounts Data Directly With Your Bank A Good Idea?

Like to know whether sharing accounts data with banks is a good idea? The Australian Financial Review online today carries a story about ‘Two Way Data Sharing’ between Cloud Based Accounting systems like Xero and banks. NAB is participating when a customer gives permission for Xero to share the data. This innovation, whilst creating efficiencies

How Crowdfunding can help you raise capital

Banks can be very unsympathetic if you have a great business idea or opportunity … but need working capital to make it a reality. They will of course be more interested, if you have some property to act as security against the loan, but that may not be practical for several reasons. You may not

Are you spreading yourself too thinly?

Looking for time saving tips for business owners? Speak to any SME/SMB owner and they will tell you there aren’t enough hours in the day and the ‘To Do’ list never gets any shorter. The question is ‘How to manage the daunting task of managing all aspects of the business?’   Trying to ‘keep all

Knowing the right numbers – the difference between success and failure

Want better profit for your business? In most developed countries, typically 9% of businesses employ less than 20 people. Over 40% of all businesses failed in the first four years. And it would be fair to guess that as many as 50% of those would fail in the four years from then. We can reasonably
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Q&A – The Seven Key Numbers that drive Profit and Cashflow

This is the second in a series of articles on the ‘Seven Key Financial Drivers’. They are: Revenue Growth Price Change Cost of Goods   Overheads% Days Receivable Days Payable Days Inventory  Before we get onto the subject of Price Change specifically, let’s firstly explain what ‘Key Financial Drivers’ are.   Many Business Owners look at

Price Change – #2 of the Seven key Numbers

This is the second in a series of articles on the ‘Seven Key Financial Drivers’. They are: Revenue Growth Price Change Cost of Goods   Overheads% Days Receivable Days Payable Days Inventory  Before we get onto the subject of Price Change specifically, let’s firstly explain what ‘Key Financial Drivers’ are.   Many Business Owners look at

Revenue Growth – #1 of the Seven Key Numbers

This is the first in our series of articles on the ‘Seven Key Numbers that drive Profit and Cashflow’. The seven Key Financial Drivers are: Revenue Growth % Price Change % Cost of Goods Sold% Overheads% Days Receivable Days Payable Days Inventory/Work in Progress The Key Financial Drivers Key Financial Drivers in business are what
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The Best Business Checklist We’ve Ever Seen!

Looking for a simple business checklist? You know how it is when you’re busy running your business… trying to think of everything that should be done and wondering if there are things you haven’t even thought of… wondering if there’s one little thing that could bring all your hard work undone? There are lots of
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