If you have projects or regions that you would like to track in your business through it’s own Profit and Loss Statement this can be easily done through tracking.
All posts by admin
Chart of Accounts in Xero
Xero has a great Chart of Accounts template and you have the freedom to add more account codes that are relevant to your business.
Posted By : admin ( 02/22/2016 )
Fixed Assets in Xero
With the help of your accountant and bookkeeper you can keep your Asset Register up to date so that your depreciation values can be factored into your Profit and Loss Report on more regular basis than once year.
Posted By : admin ( 02/22/2016 )
Adding New Users in Xero
You can add Users to your Xero data file and you can also restrict the functionalities that some Users can access.
Posted By : admin ( 02/22/2016 )
Reporting in Xero
How reporting in Xero can help you understand your business.
Posted By : admin ( 02/22/2016 )
Manage bills and purchases in Xero
Here is another feature of Xero that can help you with your business cash flow.
Posted By : admin ( 02/22/2016 )
Sales and Online Invoicing in Xero
Xero allows you to invoice on the go, and also facilitates a Pay Now feature to get you paid faster.
Posted By : admin ( 02/22/2016 )
Bank Reconciliation in Xero
The fantastic efficiencies of bank reconciliations in Xero.
Posted By : admin ( 02/22/2016 )
The Xero Dashboard
This video gives you an overview of the Xero Dashboard.
Posted By : admin ( 02/22/2016 )
CASHFLOW IS NOT NET PROFIT OR MONEY IN THE BANK
Happy 2016 and I wish you all the best for a successful business year.
Unfortunately the start of a new year is generally followed by cash flow problems. We all at some time have experienced our customers paying us later, down time for us chasing our debtors, and possibly this brings about late payment to our suppliers. NOT GOOD IS IT?
A few tips that you may want to consider, is looking at where your cash flow has been trapped.
# Did you purchase a lot of stock in preparation for the Christmas sales that your business has paid for, but are yet to still sell?
# Did you invoice all your customers prior to taking time off at Christmas time?
# Did you potentially purchase the wrong assets for your business that aren’t helping you to produce income?
# Did you pay your suppliers early thinking to take some new year pressure off?
Put simply cash flow is Money In and Money Out, and delays in Money In and poor decision on Money Out can be the cash flow killer to most businesses.
There is no use grumbling about it, you need to review your business position and get your cash flow moving again and forward plan for next year so that you don’t have the same problem.
New Year New Focus. Let us power your business to the next level!
Posted By : admin ( 01/14/2016 )
