5 Ways To Get Organised For The New Year Ahead
2016 is quickly coming to an end. Give yourself the very best Christmas present this year – peace of mind through organisation. Remember that empowering feeling when you can finally see the top of your desk after it’s been buried in paperwork? Recall the joy of an empty inbox? No? Then you’ve obviously been letting things slide. It’s time to get organised. Read on for five handy tips to help you wrap this year up with a big, red bow and start 2017 with a clean slate. Prepare to be the most effective and efficient you, that you can be! Ditch the Paper and Get Organised Tackle that stack (or stacks) of paperwork in your office. Create three piles, “To Do”, “To File”, and the all-important WPB, “the Wastepaper Bin”. Throw out what needs to go and sort out the rest in order of priority. Next, assess the clutter on your desk and donate or toss anything that is redundant or you haven’t used in the past year. Pro Tip: Use a receipt management scanner or app to digitally file all of that pesky paper. If you’re old school and you want to stay that way, purchase an expanding file...
Read MoreConquer Your Bookkeeping In 2016
For many of us, the task of bookkeeping is way down the priority list, constantly being put off until we, begrudgingly, have to sit and focus on it. It happens for any number of reasons; there are more important things to do, it’s time-consuming, it’s frustrating, it’s annoying, it’s confusing, and it’s just not much fun at all. As a result, the bookkeeping builds up, and we find ourselves more frustrated, confused, and overwhelmed. Worse, the task is now going to take hours up hours, possibly an entire day or more, to complete. It gets to the point where it becomes urgent, and you become grumpy and not very pleasant to be around. You vow never to let it get this big or bad again. So how do you manage this? First and foremost, you have to make it a priority. No, it’s not fun, yes there are probably more exciting things you could be doing. Think of it this way; that day you’re inevitably going to have to spend doing it, couldn’t that day be spent being more productive and enjoyable? Schedule It Right now, decide that it’s going to be one of this year’s business priorities. Grab your...
Read MoreAre Your Invoices Correct?
If you are planning to start, or have already started a new business, you will want everything to be in order – especially from a financial point of view. One of the most common mistakes that many business owners make (even those who have been in the business for quite a long time) is sending out incorrect invoices. At first, this does not sound too serious – you can always reissue a new one, right? However, the matter is not that simple and a wrong invoice may have serious consequences for your business, including interruption of the cash flow and financial losses. When it comes to invoices, there are some things you need to know in order to get them right. First of all, you need to distinguish between the two types of invoices: a ‘tax invoice’ and a ‘general invoice’. The first one is issued by businesses registered for Goods and Services Tax (GST) and the second one is for non-registered GST businesses. Once you know this, you only need to include the information mentioned below and your invoices will be correct. No matter whether you are issuing a general invoice or a tax invoice (and don’t forget to distinguish...
Read MoreXero Software And Why We Use It
Nowadays we don’t have to spend our lives managing the books. There are better ways to run our business than hanging painstakingly over the ledgers. One of the best tools to help you manage your business is Xero, professional bookkeeping software that can make bookkeeping an easy and less time-consuming task. Xero will help you to have control over your business without it taking up too much of your time. The software allows you to keep your ledger online and edit it in real time. If necessary, your whole team may log in and work together. However, the software works on its own, too, matching invoices with bank statements from your customers and sending invoices over when necessary. Today Xero guarantees that your data is perfectly safe online. The main objectives that the team behind Xero works towards are security, ease of access, improved communication, reduced data entry and seamless support. One of the most important reasons why we use Xero is that it can be accessed from everywhere. You can install the software on your mobile device, too. If you are not good at accounting, we will help you set up the software, convert your MYOB files to...
Read MoreHow To Save Money By Breaking Your Bad Bookkeeping Habits – Part 2
Last week we looked at some of the bookkeeping habits which could be costing you money. Today we have some more tips for you to think about. Oh, and don’t underestimate the value of these tips. Most people overlook the steps which look simple without realising that often they are the key to success. Bookkeeping does not have to be complex to work. In fact, the opposite is true. Time Is Money And The Clock Is Ticking! If your bookkeeping system is not at least partially automated, you may often end up sending your invoices out late. When you send your invoices out late, you will then receive your payments late and the payments that you make to others will more than likely be late. This is very costly in that it can result in extra fees as well as damage your reputation and credit rating. While the tardiness of the white rabbit in Alice in Wonderland, led to the creation of a charming story, chasing payment is not the most efficient way to run a business. The word ‘stress’ leaps to mind straight away. Make a very important date with yourself on a regular basis and stick to...
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