Avoid these 5 costly accounting mistakes

A Canadian bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key to their success. But lack of knowledge, frustration, and even avoidance can add up to accounting…  Read more

3 tech savvy Kiwi business we think you should know about

Here at the Accounting Hub we love innovation and cutting edge ideas. We are very lucky to work with some super cool businesses. We love business owners who think differently and find smart ideas on the edge of what is possible. Here are a few other businesses we have been reading about who are using technology to its best advantage. SwiftMed SwiftMed, quite simply, is an online doctor. This Kiwi…  Read more

Useful financial tools for creative agencies

Creatives inspire. The people who throw passion and colour into the world are often the ones with an incredible interest in many things… except numbers. So it is no surprise at all that finance and accounting are often two things listed by creative agencies as being the biggest challenge of running a business. When all you want to do is share your creative passion with the world, there is nothing…  Read more

The advantages of a business dashboard

Business dashboards are a valuable business intelligence tool, offering an “at-a-glance” big picture view of a company’s performance. Some business owners use a dashboard to track KPIs relevant to just one aspect of their business, such as sales growth, marketing, or financial data. Others rely on an executive dashboard for an overview of data from various sources (e.g. their accounting software, CRM tools, and website analytics). The great advantage of…  Read more

Making life easier with Smart Payroll

Despite only using Smart Payroll for 5 months now, I have personally found it not only easy to use but really useful and efficient to use compared to other online payroll systems. Let’s be honest, no one really likes to worry about payroll and why should you? Using Smart Payroll has been a breeze and has made the worry go away. By cutting down the time spent on processing payments,…  Read more

Payroll in Xero

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

Document storage in Xero

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

9 reasons to switch to cloud computing

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

Hangouts vs Skype

As dedicated teleworkers, we are always interested to try out new ways of communicating without the pain and time cost of a commute. So when Google replaced its “talk” products with “hangouts” for video calling we were keen to take a look. Despite being pretty happy with skype, we thought we would try out using “hangouts” to do the same things. So what did we think? Hangouts is a very…  Read more

Want to grow your business? Our Free Resources will Help