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. ...
Are you getting the most out of your Xero subscription? We want to help make sure you are using the full functionality Xero provides around bank reconciliations. As Xero Partners our focus is always on how you can use Xero to make your life easier. This is the first...
What's the difference between an accountant and a bookkeeper? Do you really need both? If you’re like many small businesses, you wouldn’t be the first to wonder if a bookkeeper can do your accountant’s job at a fraction of the cost. Back up the bus! Let’s look at the...
Do you have a documented accounts receivable process in your business? Or more important than documenting it, do you use an accounts receivable process? Documenting it can come later. One of the most common issues Admin Army’s bookkeeping clients are facing when I...
Bookkeeping is one of those unavoidable tasks in any business – whether you’re new to business or you’ve been operating for years, there are regular milestones, normally designated by the good people at Inland Revenue (GST, annual accounts, etc.), which require you to...
Do you have an accounts payable process? You know, a systematic approach to handling bills once you’ve received them into your business? If you’re anything like most small business owners, especially if you are a relatively new business, you probably don’t have an...
Want to ensure your small business bookkeeping is correct? Here are Irene's top bookkeeping tips for small businesses: Keep clear records Long story short, document everything! Inland Revenue requires you to keep accurate business records for seven years. These...
For most small businesses, your monthly Xero subscription is a deliberate investment into your business. There are other accounting software packages out there that will provide you with a similar result, but you want to know that your numbers are in safe hands. It...