For those of you that sell physical products, keeping track of inventory has historically been a weak point of the Xero software. Xero have spent some time and energy (and money!) to create an inventory module that will work for most small businesses and organisations. Read more about it and watch the Xero video here. Of course, you may have special requirements that Xero does not cater for. For those situations… Read more
Xero has introduced payroll functionality into its “standard” and “large” plans. This means that you can now calculate staff pays, PAYE etc and prepare your PAYE returns from within Xero. Find more information on Xero Payroll here. We still like the increased levels of automation from Smartpayroll. We can help with the implementation of either of these options – or else manage your payroll for you. Contact us to discuss… Read more
We believe that storing a copy of your receipts and invoices electronically in Xero is the best and most efficient way to do the business filing for most organisations. There are many benefits to this – not just that you can do something else with the space where the filing cabinet went! Read more about document storage using Xero Files here. For those organisations who have a lot of invoices or… Read more
There have been some articles in the media recently dedicated to the rise of “teleworking”. To me the term already seems out of date as it seems to refer to the use of a telephone (invented around 1876) when today it is much more likely that internet technology will be used. According to Wikipedia, the term telework was coined in 1973, which will explain its old fashioned sound. However the… Read more
Entrepreneurs want to have their hands on every aspect of their start-up. This is understandable, as many entrepreneurs come into their respective industries from a place of passion. Their passion will drive them to spend long nights at the office, working hard every hour of every day. Unknown to them, this kind of attitude can actually lead to some destructive outcomes. You must avoid these habits, despite the allure of… Read more
Don’t be left up in the air by traditional IT solutions. Check out the top 9 advantages for small businesses switching to cloud computing. Cloud computing is fast becoming the norm because storing information and using software hosted on the Internet has many advantages. 1. Save money Traditionally, a small business spends money licensing software or buying packages to install or download onto individual computers. Cloud computing, on the other… Read more
Many small business people wonder whether it’s better for them to buy or lease capital equipment for their businesses. Your options regarding leasing or buying depend upon the nature of your particular business, but there are nevertheless a few guidelines you can follow to help you decide what you should do. If you have the money available, and the item is really necessary to your business, then it will usually… Read more
Provisional tax is often a source of confusion for new business owners as well as a source for frustration for owners of existing businesses. This article gives a brief overview of some aspects of the system to help which may be of assistance to all business owners. What is provisional tax? The concept of provisional tax is based on payments of tax being made while income is still being derived.… Read more
Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practise to help grow your business. 1. Utilise new technology Modern technology can save you time, improve productivity and reduce your operational costs. Make use of Facebook, Twitter, Google+ and other social media tools to market your business. Dropbox is a cloud-based service… Read more