Xero: 7 Key Features That Will Change the Way You Do Business

Xero

Tagged as the beautiful accounting software, Xero’s sleek interface and impressive set of features will make you agree that it is, in fact, a beautiful accounting software.

While accounting software aim to improve business operations in general, Xero’s taking it a step further: Xero offers small businesses the power of big business, and big business the nimble quality of small businesses, helping you navigate and use Xero to your advantage no matter what kind of business you’re in.

Let’s take a look at 7 of Xero’s features and see why Xero is featured by Macworld, Accounting Today, and Forbes, which the latter billed as the “World’s Most Innovative Growth Company” of 2014 and 2015: Continue reading

Quickbooks Online: Top 6 Key Features That Will Work Wonders For Your Business

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 One: A Full Reckoning of Reckon’s Online Accounting Solution

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

5 Good Reasons Why Your Bookkeeper Should Be a BAS Agent

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.

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Behind on Taxes, BAS Lodgement & Tax Office Obligations?

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.

Deadlines

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