The need to stay connected has pervaded even the world of business, which prompted Intuit, developer and marketer of the accounting software package, QuickBooks, to come up with a cloud version.
Thus, QuickBooks Online (QBO) came to fruition.
Leveraging its powerful accounting software features to the connectivity offered by the cloud, it’s easy to see why QuickBooks Online is one of the most subscribed online accounting software solutions. Let’s take a look at QuickBooks Online’s top 6 features and see how it can take your business to the next level: Continue reading
Reckon, the Australian software company formerly behind the distribution of QuickBooks in Australia, has mounted a full-scale war on the cloud accounting market with its release of its own cloud accounting software, Reckon One.
Reckon One heavily relies on two edges: user control and pricing. Reckon One takes a modular approach on offering cloud accounting services where users can choose which accounting module functionality to get and which ones to discard. Call it mix and match if you will, but this feature surely poses a great threat to other cloud accounting solutions that offers functionality in a straight-up fashion, which might overwhelm users with other functionality they don’t really use which, in turn, might also leave users the impression of being overcharged.
Subsequently, this modular functionality approach led to a modular pricing structure where users only pay for the accounting functionality they chose, leading to a significant pricing advantage when compared against its cloud accounting peers. Continue reading
Business Activity Statements— the dreaded moment all business owners in Australia face. Going through the motions of tax calculation and reporting is mentally, physically, emotionally, and, if you make mistakes, financially draining.
On a good day, reporting your BAS is exhausting as it is. Now add more factors into the mix and you’re looking at gibberish too complicated for your own good you’d wish that there’s someone who can do this efficiently for you, as getting your bookkeeper to do it for you may not be technically legal.
Debts of any sort are a burden. Whether it be personal, business, school, or in the form of a loan, a debt can quickly go from manageable to out of control and stressful. For your business, getting behind on taxes, lodgements and debt repayment is probably not written into your business plan. In order to avoid letting debts get out of control, it’s important to understand the deadlines for lodgement obligations. It’s also important to have a plan in place in case you do get behind in your debts and lodgements. Here is some information to help you wade through the murky waters of the Australian Tax Office.
Here are some deadlines to keep in mind for the upcoming year. Since they are the norm for most businesses, quarterly reporting deadlines will be covered. Continue reading
MYOB has been trusted by over one million Australian businesses to make bookkeeping simpler and more direct. Because of its simple interface, MYOB has become one of the most successful of accounting software in the last few years. Recently, however, the competition has been much fiercer among online bookkeeping companies, and MYOB’s reign at the top is in jeopardy. MYOB still leads the way, but for how long will that be?
Let’s look at some aspects of MYOB that have kept it at the top of the list recently. Continue reading