If you want your business to work smarter and faster, cloud accounting software and specifically Xero is our recommendation. Xero’s cloud based system will not only give you a better overview of your finances but will improve collaboration with your team. Guaranteed. So what’ s this thing called the cloud? Think about when you use Internet banking. Every time … Read More
Top tips to get the most out of Xero
So. You’ve made the jump to Xero and (you’re rightly so) expecting fireworks. If you’re flying solo and haven’t got an experienced Xero Partner (like us!) taking you through it, there’s some “nice to know” tips that, well, would be nice to know, before you start. Xero isn’t software you need to install per se. Instead, it runs on the … Read More
Spotlight on: SPOTLIGHT Reporting
A recent survey by Xero has revealed that 46% of businesses in Australia, not using cloud, are planning to do so in the next 12 months. With Xero expanding their capabilities through their add-on marketplace, Xero now supports 350 add-ons. Including one of our personal favourites: Spotlight. Spotlight Reporting is a smart add-on that allows you to easily create attractive, … Read More
Spotlight on: Receipt Bank
Not only for our clients, but for ourselves as well. For the last 12 months we’ve been using and happily recommending Receipt Bank to our clients. Receipt Bank’s aim is to remove the burden that bills, receipts and invoices place on businesses. And let’s be honest, they do quite literally stack up. Receipt Bank has developed a software and service … Read More
7 features of a good accounting system
We like to think of ourselves as tech-savvy, forward thinking accountants. We love a good accounting system. Nothing gives us more pleasure than transforming a business from an archaic accounting system onto slick, shiny new accounting software. But a good accounting system in 2014 needs to be more than just a super-charged excel sheet. It needs to provide easy-to-understand information … Read More
Xero announces new updates and features
From the Xero blog today… Last month I was at Xerocon Sydney where we announced some of the new Xero features being launched over the next three months. Well, it’s only a few weeks later and the first of these features are live – it’s how we roll. Batch deposits For those of you dealing with customers paying by check/cheque … Read More
Accounting Systems 101: The facts about Cloud accounting
There are oodles of accounting software packages on the market, particularly for small and medium sized businesses. And at 542 you we love our technology, so we’ve always got our fingers on the pulse looking for the best solutions for our clients. Since launching in 2006, Xero has no doubt created a stir in the accounting software market. Their stable … Read More
Cloud Accounting: 5 common myths BUSTED
As paperless accountants, we make no secret of being advocates for cloud accounting. We do understand however that not all business owners are as eager to join the cloud as we are. Often clients that are tentative to join the cloud are resistant for 5 common reasons: “I don’t trust all the Aps and plugins” Sure, some aps seem to … Read More
eWAY a new way to pay
Last month we announced the exciting news that we had integrated eWAY into our payment methods. We got inundated with positive feedback and requests for more information. So this month we thought we would cast a spotlight over eWAY and explore what it is, how it works and how to integrate it into your business. What is eWAY? eWAY was … Read More