Why it’s time to throw in the towel if you’re a Reckon user!

Why it’s time to throw in the towel if you’re a Reckon user!

1.  Functionality and Integrations Xero’s functionality is miles ahead of Reckon with a simple payroll process and a high tech system to develop third party integrations that maximise business efficiency. Reckon payroll is complicated to fulfill and cannot develop software applications or integrations to be used with Reckon. 2. International Currencies Xero has the ability to convert and deal with multiple currencies. Reckon only supports one currency. 3. Inventory Features Xero

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Don’t let the Christmas mania ruin your cash flow this season!

Don’t let the Christmas mania ruin your cash flow this season!

December is usually the busiest time of the year for retail and hospitality businesses. But businesses in other sectors often find that their sales slowdown and their customers stop paying them for a few months. So cash flow dries up. Whether your business is large or small, well-established or in start-up mode, you need to take a planned approach to managing cash flow during the holiday season. Here are few tips for keeping on top of cash flow management during the Christmas/New Year holiday

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6 reasons why Xero SMASHES Quickbooks!

6 reasons why Xero SMASHES Quickbooks!

1.  Integrations Xero is more flexible with over 500 integrations. Quickbooks is more restricted with around 250 applications. 2. Features Xero has unlimited features like invoicing, budgeting and inventory, making it a more robust and realistic solution for many users. Quickbooks has these, but they are all limited to premium plans. 3. Users and Permissions Xero is the cloud accounting leader in providing the strongest user permissions. They offer unlimited users for all its pricing

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Stay at home dad – say what?

Stay at home dad – say what?

By Melinda Hann In this new age world of equality, one would not be surprised to be a stay-at-home Dad? Or would they? We were a bit surprised when that became our family decision back in 2013. I took 14 months leave with my first-born and was looking forward to the same “time off” with No.2!  Not ever did I imagine I would return to work and leave my 4-month-old baby boy, but that is what I did! It made sense for our family, but there were a few obstacles to overcome. Whenever

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Over 65 and selling your family home?

Over 65 and selling your family home?

You might just have one last opportunity to get money into super!   From 1 July 2018, if you are over 65 and sell your principal place of residence, you may be eligible to contribute up to a maximum of $300,000 to your super fund. The contribution doesn’t count as a non-concessional contribution, and can even be made by those with more than $1.6m in superannuation.  There is also no maximum age limit on when the contribution can be made. The maximum amount you can contribute is

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Is “super” really a good investment?

Is “super” really a good investment?

By Greg Luscombe (CA + CPA) This is the question I am most often asked as a financial adviser. It’s an important question, given that most people have a significant amount in superannuation these days. Unfortunately, the answer isn’t just a simple yes or no! My first response is to point out that superannuation refers to an investment ownership structure, and is not in itself a particular investment. The superannuation structure has special tax rules which provides significant tax s

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