Access to funding

Access to funding to finance your growth

angel or You might have self-funded the early days of your business, but to expand, grow and scale you need access to funding. But how can you access the right level of outside funding? And how do you impress your potential private investors and lenders with the long-term prospects for your company? Making your business[…]

what does a bookkeeper do?

What does a bookkeeper do?

The work that bookkeeper do es has changed significantly and continues to change. In the past bookkeepers processed invoices and reconciled bank statements. This work ensured that businesses could see what had happened in the past. In today’s world these mechanical, repetitive processes are such a minimal part of what we offer business owners. What[…]

Xero Accounting Software

Xero Accounting Software

Why Xero Accounting Software Xero accounting software is ideal for small businesses with employees, basic inventory, payroll or more complex accounting needs. The subscription cost for most small businesses is only AUD $50 per month. Xero is accessible any time, anywhere, from any device with an internet connection. There’s countless reasons why Xero is so great,[…]

Family Trust

How does a family trust work?

The information below provides a general overview of how a family trust operates and explains some of the commercial advantages and disadvantages of conducting business or investing with a family trust structure. There are many tax planning, asset protection and distribution of wealth issues to be considered before a decision is made to establish a family[…]

Credit Reports

Gain cash flow confidence with credit reports

When you’re expanding your business and working with new companies, you want to be confident that anyone you deal with has a good payment history. Credit report can help provide this. Credit reports give you a realistic picture of a company’s finances and lets you make informed decisions based on facts. While credit reports are[…]

B2B Business Tips

B2B tips for working with big companies

To start working with big companies is an exciting milestone but servicing them can be demanding. If you’re more used to working with smaller clients how do you make the transition to servicing larger ones? Don’t over-promise Many small businesses are tempted to go beyond their core competencies to win a big contract. Avoid that[…]

Goal Setting

Goal setting and measuring performance

Goal setting is what drives the long-term performance of your business. Agreeing on clear targets, and measuring your progress over time via key performance indicators (KPIs), helps you to understand exactly where the business is going. But how does this kind of performance management work in practice? Track your performance with KPIs Tracking your goals[…]

bank-reconciliation

Use automatic bank reconciliation to save you time

Bank reconciliation is a vital financial task – but one that eats into your business time. Matching your financial transactions to the relevant lines on your bank statement can be a tedious and time-consuming task. So wouldn’t it be great if you could automate that whole bank reconciliation (bank rec) process? If you’re using Xero,[…]

Small business start-up

Start-up: Getting your idea off the ground

A great idea is the starting point for any business. It is these ‘lightbulb moments’ that drive the ambition and entrepreneurial spirit of the start-up community. But before you bring your idea to market, you need to know WHY you’re in business. You need to be confident that there’s a robust and workable business model[…]