accounting software Archives | Page 5 of 6

Small business bookkeeping deadly sin #1: Not reconciling your records to your bank statement

So, what is the first small business bookkeeping deadly sin? Failing to complete a bank reconciliation. It is one of the first things your business accountant and tax auditor will want to see. It is an easy way of ensuring your finances are up to date and indicates the quality of your records. NON-RECONCILED RECORDS: Are a headache for your accountant and will require more time to analyse. You may pay more than necessary to the Tax Office because you missed something [...]

07/05/2015 By Kelly accounting, small business accounting software, bookkeeping, business success, small business 1 Comment

The 9 deadly small business bookkeeping sins… and how you can avoid them

Time and time again, businesses continue to succeed for one fundamental reason. It doesn’t matter how much money they start with, how lucky they get, or even how much talent they can combine. It certainly doesn’t depend on knowing some special “secret” that no one else in their industry has cottoned on to. Having any of these things can help, just as it helps to have an excellent product or service and plenty of common sense. But in our long experience, [...]

02/05/2015 By Jordan Taylor accounting, General, small business accounting software, business success, small business 4 Comments

Small business financial reporting – doing your BAS right

As a small business owner you often don’t have a lot of left over time to spend keeping your records, so it helps to get your reporting done right the first time. One part of financial reporting for your business that can cause confusion is the completion of your Business Activity Statement (BAS). Here are some tips that will help you to complete your BAS quickly and easily. What is a BAS? Businesses use a business activity statement (BAS) to report [...]

03/04/2015 By Kelly accounting, General, My Cashflow Manager, small business accounting software, bookkeeping, business reporting, small business 1 Comment

Why are more Australians shopping small business?

Australians are beginning to realise that small businesses are a vital part of the nation’s economy, according to results from the second annual Westpac Australia Day Index. The results of the survey show that 9 out of 10 Australians are faithful to their local shops and around half will purchase from small businesses in order to help strengthen the nation’s economy. This is a pretty big change from 12 months ago when the average Australian consumer preferred to shop at bigger [...]

30/01/2015 By Jordan Taylor General, small business accounting software, Australian small business 1 Comment

Is poor cash flow the reason so many Australian small businesses are failing?

Small businesses in Australia are under pressure, according to statistics released by the Australian Securities and Investments Commission (ASIC). The figures show that the percentage of small businesses failing is on the rise, with owners struggling with issues such as cash flow, strategic planning and record keeping. Research has shown that 51% of business start ups do not survive beyond four years of operation. ASIC reveals that 81% of businesses that became insolvent in 2012/13 were small businesses employing less than [...]

03/11/2014 By Jordan Taylor accounting, small business accounting software, cash flow, small business 2 Comments

How to complete your small business bank reconciliation in Cashflow Manager

Reconciling your bank accounts each month in Cashflow Manager is one of the easiest ways to make sure that your financial data is up to date and correct. However, many small business owners who take care of their own bookkeeping aren’t doing this regularly yet. Since so many of you have asked questions about this topic, we thought we would first explain the importance of completing your bank reconciliation regularly, and also run through how to go about it using [...]

11/09/2014 By Kelly accounting, My Cashflow Manager accounting software, bank reconciliation, small business 1 Comment

8 Great Reasons to use easy accounting software in your small business

As a small business owner you would rather be doing what you love and making money rather than doing your accounting, right? Most people find doing the bookkeeping for their small business a headache, but keeping good records is so important that it should really be made as easy as possible, shouldn’t it? Well, never fear, there is a simple solution to ease some of your pain! Cashflow Manager is a very easy small business accounting program designed especially for [...]

02/08/2014 By Kelly accounting, small business accounting software, bookkeeping, small business 6 Comments

Why your small business should be using invoicing software

The benefits of using Invoicing Software are pretty obvious! With Cashflow Manager, you can create invoices quickly and easily, but there are also little extras that will help your small business to become more efficient, and will give you insight into your business and customers. The first benefit is, that after creating it, your invoice can be sent immediately. And, you can choose whether to print it or not. You could choose to be completely paper free and send the [...]

28/07/2014 By Kelly accounting, small business accounting software, invoicing software, small business 0 Comments

It’s a matter of time: how accounting software can save your small business hours of work

In business, time is money and anything that is taking you away from growing your business is costing you! Cashflow Manager small business accounting software saves you time by being easy to use. You can get started managing your business accounts straight away and you won’t have to spend weeks learning to use it. It will help you to enhance business processes, reduce mistakes and help complete tasks more efficiently. Many businesses still prepare their accounts using excel which is [...]

14/07/2014 By Kelly accounting, small business accounting software, small business 4 Comments

4 reasons to use online banking in your small business

Online banking offers a very welcome change from sitting down for hours to physically balance your cheque books and dealing with the errors that come from hand-written ledgers. It has now become so easy to manage your finances online… If you want to know how online banking can benefit you and your business, we have put together four reasons to use the Internet to manage your money. 1. Convenient Thanks to the Internet, our society has become incredibly impatient – but really, [...]

07/07/2014 By Kelly accounting, small business accounting software, bookkeeping, online banking 1 Comment