Xero has added yet another company to its ever-growing list of integrations. In the same country where they bought Hubdoc, Xero has acquired Canadian tax preparation software TaxCycle.
It marks a further expansion for Xero into the Canadian market, given the 4000 tax firms and 16,000 individual accountants that use TaxCycle.
Here’s what the TaxCycle acquisition looks like for Xero:
Continue reading Xero Expands in Canada with 4000 Tax Firms in TaxCycle Acquisition
With so many integrations, Xero has become a leading software for small business accounting. From ecommerce add-ons to payroll and workforce management software, there is a Xero integration for most aspects of business management and administration. It’s little wonder that Xero Courses are becoming so popular.
And credit management is no exception. Chaser HQ is a credit management app that promotes its ability to automate the whole process: from credit checks to chasing up invoices. It’s a UK-based company, but its integration with Xero could see it being used more and more by accounting staff globally, including Australia.
Daily Transactions like creating quotes and invoices is the bulk of most junior level bookkeeping and accounts jobs and running Accounts Payable and Accounts Receivable Reports then provide work following up with customers so what could this automated process mean for accounting staff that have been doing these tasks manually?
Continue reading Will This Xero Integration Replace Your Accounting Job or Just Lessen the Load?
Getting qualifications and experience are the foundational steps in looking for jobs, but then what? It can be a daunting task to join or re-enter the workforce, even with a Certificate in Xero Accounting in hand.
Our courses are in-depth and diverse – you can gain practical experience and the MYOB & Xero certificate to prove it as well as office administration with our Office Academy training course package.
If you’ve completed a course and are now looking for bookkeeping work – whether its with a business or as a contractor in the gig economy – you don’t have to go it alone.
Continue reading Looking For Bookkeeping Work? This is How You Can Stand Out To Employers
In 2016 the Australian government launched Single Touch Payroll (STP) as part of the Budget Savings (Omnibus) Act 2016. It’s a mandatory obligation for employers with over 9 employees to report their payroll information for each pay run to the ATO.
The idea is to reduce the burden on employers having to report information to multiple government agencies. With STP, employers can report all this information to the ATO through their approved accounting software (like QuickBooks Online, Xero, and MYOB).
But now the rules have changes… AND our Payroll Courses have already been updated!
Continue reading ATO Announces Changes to Single Touch Payroll & EzyLearn has New STP Phase 2 Training Materials
The worst-case scenario for many businesses is having to chase up overdue payments from clients. Not only is it stressful and frustrating for employees, but it can mean cash stays tied up for longer, lengthening the cash conversion cycle.
Considering how many industries – from retail to construction – extend lines of credit to their customers, it’s essential for businesses to know how to collect their accounts recievable with as little time and hassle as possible.
But what if there was a way to make it easier?
Continue reading Get Paid Faster By Using Clear Terms of Trade
There are a lot of things that contribute to a successful business, but there’s no doubt that cash is a pretty significant one. Whether or not a business can generate enough revenue to not only stay afloat, but make a profit, determines whether or not that business can continue to operate.
But collecting that cash is not as simple as swiping a customer’s credit card. From the first cent a business spends in buying its stock, to the final cent the business receives in payment from a customer, the cash conversion cycle can tell a lot about just how efficient and effective a business is.
Continue reading Here’s What You Need to Know About the Cash Conversion Cycle
Credit management and collection is the important part of business that can easily become problematic. The awkward phone calls chasing up late payments, the back-and-forth emails and reminders that disrupt your workflow, and – of course – the ageing invoices filling up your accounts receivable as you wait to get paid.
Countless credit management and collection apps have stepped up to automate and streamline the process. If you take a look at Xero’s app store you can see just how many are on the market. Yet for achieving ultimately the same purpose, these apps each have their own features and pricing that will influence which one works best for different businesses.
Continue reading Tired of Chasing Unpaid Invoices? Here’s Which Credit Management Apps Can Help
‘Buy Now Pay Later’ (BNPL) services are becoming more and more popular with consumers and businesses across Australia. There are the big ones – like Afterpay and Zip Pay – but Australian company QuickFee is working to grow their presence and stand out in the market.
Since 2009, QuickFee has focused on providing financial services, such as BNPL schemes, to professional firms like lawyers and bookkeepers. And they’ve been successful – boasting on their website that “more than 65% of the top 100 accounting firms and many legal firms” use QuickFee’s services.
Their recent partnership with Jim’s Financial Services is continuing this trend, and the institution of a Buy Now Pay Later service for Jim’s Group franchisees could mean that Jim’s Bookkeeping will have an Afterpay option for its clients. But what will this look like?
Continue reading Will Jim’s Pay Plans Cause an Aftershock for Afterpay?
Sales tax might not be high on the list of concerns for Aussie businesses since the introduction of the GST in 2000, but if you’re selling to the US it’s a whole different story.
The US doesn’t have a GST, so each state (and sometimes locality) has its own sales tax rate – which makes it difficult for online businesses to keep track of what they owe and when its due.
Whilst Xero organises all your e-commerce sales and transactions into an accounting system, it doesn’t account for how much of your income is money collected from your buyers as sales tax – which is money you must remit to the government.
Continue reading Sales Tax Simplified With Xero’s TaxJar Integration
