You’ve heard people talk about cash versus accrual accounting, but what is it all about? And why does accrual get all the glory? We take you through the basics.
What is accounts receivable and where can it go wrong? What is accounts receivable (or trade debtors)? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable – until it’s paid. Accounts… Read More >>
Be on the lookout for fake Xero billing notifications There have been several reports of people receiving fake Xero Billing Notification Emails, which claim to be from Xero or make use of Xero’s logo within the emails. Phishing emails are a favoured way for cybercriminals… Read More >>
Working as a freelance Personal Training and Group Fitness Instructor sounds like a liberating, interesting and well-paying job. But the truth is, like any independent contractor, there are business issues that have to be considered before you take your first class or train a client…. Read More >>
Salary and wage earner tax tips ATO’s myDeductions makes it easier and more convenient to keep your tax deductions and income records all in one place. Individuals claiming general or employee work-related expenses can use the tool. Sole traders with simple affairs can also use it to… Read More >>
If there’s one commodity a small business owner needs, it’s time. Luckily, tech is coming to the party. There’s not a single small business owner who would prefer doing data entry over actually working on their business. However, small business owners have spent way too… Read More >>
Being cash-strapped in your business can be soul destroying with all your hard work leading to what feels like nothing. Hopefully, you can follow a few of the steps below and put them in your game plan for surviving this challenging time and rising above… Read More >>
Suzanne and Peter re-cast their business processes with up-to-date accounting technology – the cloud – and OBT to get organised. They took a leap of faith and have come out all the better for it.