Starting 2019 off the 542 way

CraigBusiness Process, Cloud Accounting

If you have big plans for your business in 2019, then January is all about laying a solid foundation for the year ahead. Before you get caught in the day to day life of business, use January to review your business processes and financial position, that will help you achieve your goals in the New Year.

 

As you know, we love using the latest technology to stay ahead of the game in business.

Check out how you can start your new year off the 542 way below.

 

  • Review last calendar years’ results

Before looking to the future, you must look to the past. Reviewing your previous year results and financials can give you a good idea of where your business is positioned. It can also help you cut out unnecessary expenses and adjust your goals to reflect your vision. Find out what KPI’s you should monitor here.

 

  • Move to the cloud

If you’re still using excel to keep record of your financials, 2019 is the year to say goodbye. Moving your accounting to the cloud will not only save you time (and therefore money) but will also ensure your records are never out-dated. Xero allows you to work anywhere, anytime and as an official Xero Platinum Partner, we offer a FREE Xero consultation, contact us today to make an appointment.

 

  • Reconcile your financial accounts and clean up your inbox

Reconcile your accounts from last quarter and prepare for the December BAS lodgement due 28 February. Xero, can make this process simple and save you the frustration of manually cross-checking data.

 

An overflowing inbox is a big source of stress in the workplace. Particularly as a business owner. Start 2019 off with a fresh, uncluttered inbox. Go through your messages keeping two things in mind – is it urgent and can it be deleted? We use filters, folders and rules at 542, to help keep our inboxes as clutter free as possible. Trust us, you’ll love it!

 

  • Finish last year’s to-do list

What to-do items are left over from last year that you can complete in 2 hours or less? Do them now to clear your mind of the old items.

Keeping projects around just weigh on our mind. Spending hours thinking about something that will only take 10 minutes to complete, is not a good use of your time. Cross it off your list and give yourself a fresh start.

 

Most importantly, stay current! Follow 542 Partners on Twitter and Facebook to keep up to date with the latest tax and business legislation.

Want help starting off 2019 the 542 way?

 

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