How to Get Customers to Pay on Time – Solve Your Cash Flow Problems

One of the difficulties of running your own business is getting the just rewards for work from your own customers. Often the problem is that some customers do not pay or if they do, they do not pay on time. The good news is all is not lost and there are strategies that can be employed to ensure prompt payment for the mutual benefit of both you and your customers. Here are ways to ensure you are paid on time. Continue reading

Xero Bookkeeping For Restaurants – How to Maximise Your Accounting Software

Xero

Setting up a business can be easy but tracking its profits, losses, tax cuts, transactions are considerations one businessman should understand. For every transaction, there’s a value behind it and the only way to determine the exact value of it is through accounting software. If you are a restaurant owner, the harder it is to keep track of every single transaction that has monetary value because of the hectic environment of taking numerous orders, delivering a great product and managing staff. Good thing, there are a few options available online to help your business succeed and save time managing the books.  Continue reading

Xero vs MYOB vs QuickBooks Software Comparison

Major advancements in modern technology has increased demands for accuracy and convenience and recent legislation has made cloud accounting software a must have tool for Australian business owners. With its accessibility over various devices and the fact that data can easily be transmitted to users while still being protected, it is clear why cloud accounting is used by many. The increasing demand for competent software resulted in a number of cloud accounting software products to choose from with each one having distinct features. With all these programs, how does one decide which one is best for one’s needs? Here is a quick comparison of the 3 major cloud accounting software in Australia.

All of these companies have respectable reputations and are government certified. The ultimate goal then, in comparing these software programs is to find one that is the right fit for your needs by looking at their basic functionalities, their add-on programs for complex transactions, their subscription rates, and other additional features which may be helpful such as mobile applications. Continue reading