Accounting best practices when starting out as a professional services contractor

Starting out as a professional services contractor is an exciting time. Whether you are in IT, medicine, engineering, law or something more creative, contracting provides a unique set of opportunities and challenges. And whether your goal is to just have enough work for yourself, or build a future agency, getting your accounting right from the get-go will be key to the success of your business, enabling you to make financially…  Read more

Benefits of time tracking and project management software for professional services businesses

As a small business owner it’s easy to get caught up in the day to day running of your business and have little time for the bigger picture. After all, time is money and every minute counts. This is particularly true in an industry where you are either billing by the hour, or employ freelancers and contractors, and tracking every minute (or at least every 15 minutes) can play a…  Read more

Is eInvoicing worthwhile for contractors & small businesses?

If you are a small business owner or contractor you may have noticed the recent hype around eInvoicing. If you are wondering what it is all about and whether eInvoicing is right for you, read on. What is eInvoicing? eInvoicing is the direct exchange of data from one accounting system to another. By using eInvoicing you can electronically transfer an invoice at the push of a button, directly from your…  Read more

Simplify collection of payments: GoCardless

Want a better way to collect and manage recurring payments from customers? GoCardless is a payment processing app that allows users to set up and manage recurring payments online. The app is designed to simplify the process of collecting payments, especially for small and medium-sized businesses. If you have repeating invoices, then GoCardless is the system for you! Although there are a few ways to manage payments, a simple direct…  Read more

Guide to end of financial year payroll for 2023

This content was originally created by Smartly Payroll. The end of financial year (EOFY) is an important time to be on top of all things payroll, and we know it can be a stressful time for Kiwi business owners. To help you feel confident with the upcoming changes and requirements, Smartly have pulled together everything you need to know including: An overview of changes to legislation Processing your final pay…  Read more

5 steps to streamlining your payroll

  Payroll is one of those things that starts out simply enough. You start your business, hire a few employees, and things tick along pretty well. It’s straightforward enough to keep everything in line at first, but what happens to most companies is… they grow! This is a great thing, but it also means that payroll becomes more complicated. As such an important aspect of your business, it’s important that…  Read more

Hubdoc & Xero: reduce mistakes & audit-proof your business

Many of our clients view document storage as a low priority job and rely on their email file or pieces of paper to store invoices associated with expenses that they are claiming. Although it’s tempting to work this way its actually really important that the documentation for every transaction is kept and also that the GST treatment for every transaction is looked at. From time to time we see costly…  Read more

Optimising your health care practice accounting systems

Here at The Accounting Hub we have our fingers on the pulse of accounting systems for health care professionals. We work with doctors, health specialists and clinic administrators to help health care centres operate smoothly behind the scenes. Running a medical centre, and taking care of patients, can mean long, demanding days that are filled to the brim with action. The professionals we work with want to focus on their…  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

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