Knowledge Base: Your Cashflow Manager Help Centre

You spoke, we listened, and now we would like to introduce you to Knowledge Base, our online Cashflow Manager Help Centre. Cashflow Manager Knowledge Base This centralised hub, which you can access direct from the support tab on the Cashflow Manager website, gives you instant access to helpful information on all Cashflow products, from installing the latest software update to handy hints and tips for setting up and using Single Touch Payroll. Access Knowledge Base direct from the Cashflow Manager website Knowledge Base [...]

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Simpler BAS Reporting is not far away…

In our recent blog “ATO announces simpler BAS reporting for Small Business” we discussed how the ATO’s introduction on 1 July 2017, of simplified BAS would make it considerably easier for small business to manage their returns. Basically, the reporting requirement for BAS has been simplified so that businesses only have to report the following GST information: GST on sales (1A) GST on purchases (1B) Total sales (G1) While the deadline for commencing with the new Simpler BAS reports is 1 July 2017, which [...]

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The top 10 mistakes in DIY bookkeeping

It’s time to put your bookkeeping processes under the microscope again as we draw closer to the end of financial year. It seems that bookkeeping is either a task left in the ‘to do’ basket until it’s too late or done at the last minute, increasing the likelihood of mistakes. I know that many small to medium business owners are often juggling a variety of tasks, from managing staff and business developments, through to hands-on work. However, simple bookkeeping mistakes [...]

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4 Ways to Keep Your Accountant Happy

It’s always a good idea to maintain healthy relationships with everyone you do business with. As someone who plays an important role in your finances, your accountant is definitely no exception. Luckily there are four really simple things you can start doing now that will help keep your accountant in high spirits, your professional relationship smooth and allow your accountant to do their best work for your small business. Keep Your Books Regularly Far too many small business owners neglect to [...]

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Mapping Bank Statements for auto-allocation of income and expenses

Reconciling your bank accounts each month is one of the simplest ways to make sure your data is up to date and correct, it ensures your financial statements are reflecting your sales and expense activities accurately, and it assists you with doing your tax return at the end of the financial year. For this reason, completing your bank reconciliation is one of the most important functions within your accounting software. With Cashflow Manager you can make your reconciliations much simpler [...]

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4 Ways New Technology is Changing Small Business

Technology has changed many aspects of the way businesses operate. One thing is for sure; the rapid advancement of technology is not going to slow any time soon. Those businesses who choose to keep up with and embrace current technology will reap the rewards of this, while those who fail to adapt will be left behind. The Rise of Mobile More and more people are using mobile devices to shop, find local businesses and share their retail experiences on social media. Cisco, [...]

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SuperStream Compliance Date for Small Business Extended

The ATO has recognised that some small businesses need extra time to become SuperStream compliant. Because of this, the ATO has announced it will provide flexibility to small businesses that are not SuperStream ready until 28 October 2016. These businesses were previously expected to be SuperStream compliant by 30 June 2016. “The ATO will not be taking compliance action against businesses who miss the 30 June deadline and will continue to work to support them to get ready for SuperStream,” Says [...]

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ATO announces simpler BAS reporting for Small Business

One of the biggest complaints from small businesses has been that there are a lot of forms for them to fill out and reports for them to complete in order to remain compliant. The ATO has decided to make things simpler for small business by committing to reducing to reducing GST compliance costs. This action will save both time and money for small business owners by making account setup, bookkeeping, BAS preparation and lodgement much simpler. From 1 July 2017, small [...]

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What does the 2016 Federal Budget mean for your small business?

The Federal Budget was handed down last night with changes announced in many areas such as Education, Welfare, Defence & Security, Superannuation and Taxes. Several of our business owners are wondering how the 2016 budget will directly impact small business. The general consensus is that small businesses are winners in this year’s budget. Eloise Keating of Smart Company writes; “If last year’s budget was built upon the ‘biggest small business package in our nation’s history’, then the 2016 budget could be [...]

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Should my small business upgrade to Windows 10?

Windows 10 builds on Windows 8’s base, offering desktop improvements and extra security features. Should I upgrade? Microsoft claim that Windows 10 is the last major release of Windows, because with Windows 10 you will get your updates and upgrades automatically, for free, for the lifetime of the device it is installed on. Windows 10 returns to the start menu that wasn’t present in Windows 8. It does have touch screen tiles on it by default, but you can remove these if [...]

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