How to plan for a holiday from your business!

How to plan for a holiday from your business!

Whether you are heading into the summer holidays, or just planning to take a break (and congratulations because a healthy business means work-life balance), it is important to keep your cash flow under control. This means pre-planning and being proactive. When you are not in the office, there are still overheads and wages that need to be paid. If taking time off means that less cash will be coming in, it is essential to plan for this period to ensure that there are sufficient funds to cover a

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New Year, New Opportunities, New You!

New Year, New Opportunities, New You!

Whether it’s a new focus, a new venture or a new year, consciously recognising the process required to change can vastly improve your outcome. The Five A’s of Change breaks it down simply: 1.  Awareness First we must be aware of what needs to change. Perhaps we want to work smarter, not harder, so we can have more family time and better financial returns.  2.  ACCEPTANCE We have to accept that in order to work smarter we will need to do things differently. There is no magic bullet.

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7 knockout reasons why you should be using Xero and not MYOB!

7 knockout reasons why you should be using Xero and not MYOB!

1.  Mobile App Xero’s mobile app is intuitive, fast and responsive. MYOB is clunky and has an inconvenient user interface. 2. Invoicing Xero offers customisable invoices that can track recipients to see whether invoices have been viewed or paid. MYOB only has customisable invoices available in the premium package. 3. Employee Login Xero offers the most simplified process for payroll, allowing staff to enter timesheets, request leave and view their payslips in all packages. MYO

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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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