Easy reconciliation of bank transactions

Posted by on 29 May, 2012 in Bookkeeping Tips | 0 comments Xero will match most of your bank transactions automatically. Just click OK to reconcile. You can also create custom rules to automatically match more complex transactions, like split payments.
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Bookkeepers and Accountants

Posted by on 24 May, 2012 in Bookkeeping Tips | 0 comments We’re often asked about the bookkeeper accountant relationship. Generally we see the two offering different services and by working together the client gets the best of both worlds. Australian based Toni McCulloch from Accounting North and Briohny de Vere of Bees Knees Bookkeeping are case in point that collaboration works. For Toni the best outcome is achieved when the incoming information her...
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Systems

Posted by on 18 May, 2012 in Bookkeeping Tips | 0 comments Recognise that investing in the systems now can have generate income and savings in the long run.
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Reduce Overheads

Posted by on 25 Apr, 2012 in Bookkeeping Tips | 0 comments Overhead of the month – pick one cost and make a concerted effort to reduce it that month and going forward. Do not throw your money away!
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Petty Cash Box

Posted by on 12 Apr, 2012 in Bookkeeping Tips | 0 comments 

Almost all small businesses make small cash purchases. You may want to set up a 
Petty Cash Box to keep control of those purchases. Get yourself a metal cash box 
and put in currency and coin that totals £100.00, for example. . This will be 
your starting point. The value of this box should remain at £100.00 at all 
times. Perhaps you or your employee purchases a notebook at the...
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Truly the Worlds easiest accounting system

Posted by on 10 Apr, 2012 in Bookkeeping Tips, Uncategorized | 0 comments Nathan Stewart is founder and CEO of Alkemi – one of Australia’s largest specialist internet marketing agencies. Nathan thought accounting was just plain hard or you had to have a natural inclination towards it. He says Xero has achieved the mammoth task of making accounting simple. “The essence of a great accounting system is not to make simple things complicated, but to make...
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