Blog

Data Entry Is Dead

Today internet based bookkeeping and accounting systems are being built to send data to each other, fast making data entry and double handling obsolete. If your business’ bookkeeping or accounting processes involve significant human data entry, there is likely to be an affordable, automated alternative
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Paperless Record Keeping With Evernote

We've written before about the benefits of going paperless. All you need is a scanner, and a way to store the information. There are some great tools out there for keeping your records, Evernote is one of the best. Evernote is a freemium web service
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Meaningful Financial Reporting Starts With A Strategy

Good bookkeeping and accounting provides information that is relevant to your business and decision making. If you want your numbers to be meaningful, they need to be linked to a strategy so you know what it is you’re trying to achieve. The information and reporting
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Superannuation Clearing House Works Great

We’ve now tried the Small Business Superannuation Clearing House and can confirm it works really well. Back in November I wrote a post on how businesses with less than 20 employees could automate superannuation payments using the Small Business Superannuation Clearing House. It all sounded
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Generate Great Questions With Good Benchmarking

Business owners and managers can learn a lot by comparing their business’ key metrics against others. As a general rule, benchmarking your business against others raises more questions than you have information to answer. Every business is unique, no matter how simple or small it
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Automatic Superannuation Payments

Good news, the days of manually paying individual superannuation funds for each employee may be over for some. The Australian Government recently launched the Small Business Superannuation Clearing House. It is a free service for businesses with 20 employees or less that takes one payment
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Comparison Of Cloud Accounting Offerings

For those interested in understanding the different cloud accounting offerings available in the Australian market, I recommend reading the detailed comparison compiled by Margaret Carey of BusinessEzz, a great piece of work. Despite particular expertise in Quickbooks, she has prepared the most thorough analysis of
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Why Put Your Accounting In The Cloud

We describe cloud computing as software that’s hosted and held on the provider’s servers not on your PC which means both the software and data can be accessed anywhere from any device. We are converts to internet or ‘cloud’ based accounting systems and for lots
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