Xero – Small Business Accounting Software

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Run your entire business  with online accounting software

Dashboard

Instantly see all your bank balances, recent sales and upcoming bills.

Mobile

Do invoicing, expenses and track cashflow on the go.

Inventory

Track stock movements & make invoicing even easier with Inventory Items.

Purchase orders

Create and email custom purchase orders and copy to bills for payment.

Expense claims

Handle personal expenses – just review and approve receipts.

Smart Lists

Use your accounting data to create targeted customer lists.

Free online support

Unlimited, around the clock email support and detailed online help centre.

Multi-currency

Reconcile foreign currency accounts. Gains & losses are calculated for you.

Payroll

Automatic super payments & tax tables, employee portal, full leave management.

Contacts

See your most important customers & suppliers to follow up right away.

Getting started

Try Xero for free and get up and running in no time.

Files

Attach files and source documents to financial data in Xero.

Financial reporting

Instant, up-to-date reporting with quick links to all the original transactions.

Pay bills

Manage your spending and make bill payments in bulk to creditors.

Fixed asset depreciation

Easily update fixed assets & depreciation schedules for accurate reporting.

Security

Your data has never been safer.

https://www.xero.com/au/accounting-software/

 

Tips for recognising and avoiding tax scams

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Tip 1: How to recognise scam SMS and emails

Hoax SMS and emails can look very convincing. To protect yourself from scams and fraud, remember to look out for SMS and emails that:

  • are unsolicited, and check whether emails are from a valid ATO email address – scams may include an official-looking email address to give you a false sense of security
  • do not address you by your name, or address you by your email address

For more info please visit the below link…

https://www.ato.gov.au/General/Online-services/Online-security/Recognising-and-avoiding-tax-scams-and-fraud/Tips-for-recognising-and-avoiding-tax-scams/

 

File storage in Xero

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Xero has released a new file function where you can upload and share files such as tax documents, loan documents, company documents etc.
This allows you to store and share your documents in an easy to access place for you and your accountant.
The files will be stored with Xero – level security! Each client will get 1GB of storage which is about nine years of documents for the average small business!

To learn more about file sharing check out Xero’s blog:
Click Here

Onsite Or Offsite Bookkeeper?

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Onsite Bookkeeping Services

has some advantages, you can get involved  as much as you feel necessary. This can be advantage especially when you hire a new bookkeeping company.

Compared to employing a full- or part-time bookkeeper, an Onsite Bookkeeper will obviously save you money as you won’t need to worry about any employment associated costs (employee entitlement, super and so forth) or the regular wage.

Most bookkeeping companies  will  be able to support you in different situations and will be able to keep supporting you as your business grows and your requirements change.

Offsite Bookkeeping Services

has become a lot easier in recent years, there is a growing number of accounting software now on the cloud and with all kinds of internet based applications making it easy to send and share files online.

Choosing an Offsite Bookkeeping Service you don’t have to provide an office space when your bookkeeper is due to do work for you.

 

Save Money

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We allow you to focus on growing your business to bring in more revenue. Slash your accounting fees by having organised and accurate records.

Effective Cost Management

Bookkeeping is obviously a vital strategy in managing your costs. You waste time and money by fixing mistakes made by inexperienced bookkeepers

A qualified Bookkeeper can review your books, create a financial analysis or report and help you identify those aspects of your business where money can be saved.

Requirements of a BAS Agent:
•Certificate IV in Financial Services
•Minimum 1000 hours of relevant experience
•Member of a Registered Professional Association
•Professional Indemnity Insurance

Save Time

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How to Save Time with Your Bookkeeping

Less time spent on paperwork leaves you free to concentrate on your business and enjoy more time with your family and friends.

Any Business, big or small, requires efficient bookkeeping.

Bookkeeping should aid in the efficiency and success of the business.  If bookkeeping takes so much of your time and becomes burdensome, it is high time that you do something about it.

Here is a few ideas to save time with your bookkeeping:

1. Hire a Professional local Bookkeeper

A well-trained bookkeeper is a must for every successful business. With  accounting software moving to the cloud Bookkeeping can be done remotely ) on site or off- the choice is yours!

2. Use an Accounting Software

There is a vast range of accounting softwares such as MYOB and Xero. .Ask your bookkeeper for advice as to which software will work best for you. Input of cheques, reconciling of your bank accounts, and making your data reports will be made easier, faster, and more accurate.

ATO Compliance

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We will take care of your obligations with the Austrian Tax office. We  will make sure everything is lodged on time. Save yourself hundreds of dollars on late penalties  and fees.

All businesses in Australia must comply with specific Australian Taxation Office (ATO) requirements. These will depend on the business structure, industry, operations and turnover.

 

I know how it goes. You get busy and forget to lodge – and PAY – your BAS. Your friendly neighbourhood ATO compliance office gives you a call and you don’t know what to do.

Well the short answer is – get compliant.

Hire a qualified Bookkeeper who is a register BAS agent and they automatically get a  month extension on your BAS Lodgement. Never miss a deadline again!

 

Requirements of a BAS Agent:

•Certificate IV in Financial Services
•Minimum 1000 hours of relevant experience
•Member of a Registered Professional Association
•Professional Indemnity Insurance