The Most Important New Features In Xero

Karin Josefsson Blog, Productivity, Xero Blog Leave a comment  

Follow these steps to get the most out of the new Xero updates today.

Xero have released information about email templates, they have updated and renamed the “Account Receivable” and Account Payable” to Sales and Purchases, you can add payment terms and there are now two different statement types that you can email your clients. Read more ›

Shoeboxed Reloaded

Alexander Kohl Blog, Productivity 5 Comments

About a 18 months ago, I raved about Shoeboxed. We have since used it successfully for catch-up jobs where we had to work through a couple of years of receipts, especially when no bank reconciliation was possible.

But what had been elusive to me was how to use it on a day-to-day basis. The main reason is that it means losing the power of the bank rules in Xero. Even though, there are 4 useful scenarios:

  1. Receipts that are paid with personal money
  2. Unpaid invoices (if they are not due for a while)
  3. Data storage
  4. Contact details from business cards Read more ›

How to Process Receipts on the Road

Alexander Kohl Blog, Productivity Leave a comment  

Dealing with receipts that I would get while being out and about was one of my big frustrations. Keeping them and sorting them between business and private was a nuisance. They also often fade quickly, so they might not comply with record keeping requirements.

Anyone with a smart phone can streamline this process absolutely free. All you need is the free Dropbox app and you are set.

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Why would I hire a professional bookkeeper instead of doing it myself?

Karin Josefsson Blog, Productivity Leave a comment  

account listsWe often ask this question and even though I am a qualified accountant I have had bookkeepers in the past with various businesses I had myself, because I realised the valuable time I could spend in my business earning income was far greater than spending the time on my books. We often get caught up in the thought process that we are saving money by doing the books ourselves and most business owners are not even qualified bookkeepers. So without the correct knowledge you could be wasting even more time by making many mistakes that your accountant will have to fix.

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Cloud-based bookkeeping – is it worth switching?

Alexander Kohl Blog, Payroll, Productivity, Profit, Saasu Leave a comment  

Two main objectives should drive any decision whether to implement new technology or in the case of bookkeeping: software.

  • Will it reduce operating expenses?
  • Will it increase the relevance of output?

The costs are made up of the software itself, the time it is going to take to enter data and any once-off costs to make the transition.

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Preparing yourself for the end of the financial year

Karin Josefsson Blog, Productivity Leave a comment  

Accountants needsIt’s that time of year again and you have to lodge your tax return. You have all these receipts and papers lying around the place. Take these simple steps to get on top of it.

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The Anonymous Intimacy of Social Media

Alexander Kohl About Us, Blog, Productivity 4 Comments

Social media: intimate anonymity

I have been on facebook for quite a while. But now my colleague Paul has pushed me onto LinkedIn and Twitter and setting up a facebook page for Jet Bookkeeping.

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