Money in, money out. Cash flow is one of the most important measures of your business's health. But how do you monitor it? It sounds simple to track sales on the one hand and expenses on the other – then compare the two. But a massive 65% of failed businesses say they closed because of
The Business Garden Designs Ltd* is a busy landscaping business created around six years ago by two brothers, Rob and Tim*. Servicing the greater Auckland area with residential landscaping, they currently have three permanent employees and use contractors regularly. The Issues When Rob and Tim first came on board as UHY clients they
Does your Dashboard bank account “Balance in Xero” never match your imported statement balance, even when you have no more transactions left to reconcile? The Xero Bank Reconciliation Report can help with that! While Xero shows you a nice green tick and the word “Reconciled” on your Dashboard, your bank account in Xero may
We were honoured to be nominated in the 2020 Xero Awards for “New Zealand Large Accounting Partner Of The Year”. This award recognises a Xero accounting partner with more than 40 employees who has been doing great work supporting small New Zealand businesses. We attended the glittering awards ceremony earlier this month in Auckland,
Xero has introduced two useful new features in Xero Expenses to help make managing your expenses easier and more automated. Company Card Reconciliation: employees now have the ability to submit expenses they have paid for using company money. Tracked Mileage: mileage claims can be tracked through an integrated map which accurately calculates distance. For more
We share with you some new Xero updates and features to help you to run your business. Fixed Price Tasks In Projects Xero has added a useful new task type in Projects. It allows small business users to track variable hours on a task, while still charging it out at a fixed price. This will
Location Tracking Many businesses, particularly trade and construction businesses, involve moving around from job to job. Accurately tracking the time spent on individual jobs is essential to help with paying employees, assessing the profitability of individual jobs, and to help with quoting on future jobs. However, manually tracking the time spent on different jobs can
