GST is undoubtedly a bit of a minefield for a number of small business owners. The biggest concern we hear regularly is that people just want to get it right. Some small business owners even purposefully limit their sales so they don't have to register for GST as they...
You have your own business, you consider yourself to be financially savvy, and don’t like to be bound by boring things like budgets. No problem, you can still have a thriving business without one… right? Actually, wrong. Even the smallest start-up businesses need to...
Running a business can feel exhausting at times! There is the endless task of trying to be more productive, more efficient, and the balancing act of not spending too much money. Many business owners try to handle everything in-house to save a few dollars. After all,...
The financials are a necessary part of any successful business. Unless you are a numbers whizz, they can be a challenging part of your day to day tasks. We are all about working smarter and not harder, so we have put together out 10 10 tips to make your business...
The noise about payday filing is starting to get louder. But what exactly is it and how does it impact your business? Payday filing is a requirement for filing your employee pay information as part of each pay cycle. The pay information to be provided will include:...
Many business owners assume that their accountant won’t like them hiring a third-party bookkeeper. This couldn’t be further from the truth. A good bookkeeper, like those at Admin Army, are worth their weight in gold. Your accountant knows this and if you collaborate...
Are you keeping on top of your client invoicing in Xero? Invoicing is a vital component of your small business bookkeeping processes. But sometimes it can feel like such a laborious process that you are inclined to put this off. Hello, procrastination! Hello, not...
Why did you get into business? For 90% of you reading this blog, we can almost guarantee it wasn’t because you love bookkeeping. The other 10% of you? Hello, fellow bookkeepers and accountants! As a small business bookkeeping is one of those core functions that often...
Numbers. Love them or hate them, they are an essential part of your business success and something you really have to get right. Accurate financial record keeping and management are the backbone of any successful business, large or small. Keeping on top of the bill...
Are you following accounts receivable best practice in Xero? For many small businesses, accounts receivable is the key component to their lifeblood - cashflow. Invoicing regularly and correctly is part of the secret to getting paid and running a successful business. ...
How well are you using the reporting functionality of your Xero subscription? One of the keys to business success is regularly tracking and reporting on your financial performance. In order to be about to do this you need to know how to 'run your numbers'. Regularly...
It's wrong to assume that there is a right 'one size fits all' approach when it comes to choosing what accounting software you use in your business. For many small business owners, accounting software is a grudge purchase and price is a major deciding factor. ...