As a small business owner, your time is precious. You’ll want to use that time for more impactful and value-adding activities like business development and leads generation. Accounting or bookkeeping are probably not top of the list, but they are important and new technologies are making them easier and more efficient. In this post, we provide information on how moving to cloud accounting can help you work smarter and faster.

The phrase “You can’t manage what you can’t measure” is often attributed to W. Edwards Deming, the statistician and quality-control expert credited with having launched the Total Quality Management (TQM) movement. This adage definitely rings true when it comes to the measurement of a company’s financials in order to assess its profitability. ⁠In this blog post, we highlight the components of a good bookkeeping system, and the importance of a proper bookkeeping system to your small business.

Bookkeeping is without a doubt one of the most tedious administrative tasks that consumes a significant portion of small business owners’ time. As they are not aware of the benefits of cloud-based bookkeeping, many small business owners choose to maintain their accounts in excel spreadsheets and fail to harness the power of cloud accounting. When done right, cloud-based bookkeeping frees up small business owners’ time to run and grow their businesses. In this blogpost, we outline the components of good bookkeeping and the massive cost savings it can bring you when you move your bookkeeping to the cloud.

Start-ups face a multitude of challenges, from cash flow difficulties and lack of brand awareness to time management issues and manpower crunch. These challenges are further exacerbated with Covid-19, as consumers tighten their purse strings leading to a sharp decline in market demand and opportunities. In this blog post, we explore how cloud accounting can help start-ups leverage digital technology to stay lean and mean to survive this crisis.

The quarterly filing of GST return can be a tedious and cumbersome process for small business owners without a proper accounting system. As there are heavy fines and penalties if the strict submission deadlines are missed, it is imperative that small business owners leverage cloud accounting software which can make GST filing a breeze. In this blog post, we explore the numerous benefits of using Xero to manage your GST filing workflow

The success of every service business very much depends on the timely assessment of the profitability of individual projects. In this blog post, we explore Xero Projects, a project management tool within Xero that helps business owners assess profitability of their projects in real time and make better business decisions.

Most SME owners begin managing their accounts in excel spreadsheets, when transactions are minimal and manual tracking of information is feasible. Over time, most of them begin to realize that their time is better spent growing their businesses instead of performing manual accounting duties. In this blog post, we explore Xero Cashbook and Xero Ledger, two simplified and more affordable versions of Xero’s standard cloud accounting software that can help SME owners reclaim their time and grow their businesses.

One of the frustrations of an SME owner is the administration of expense claims from employees, which could get extremely time-consuming when the process is manual and the volume is high. In this post, we explore Xero Expense, an application within the Xero cloud accounting software, and how it can help you better manage your company spending.

Efficient invoicing and payment collection is without a doubt one of the single-most important aspects of astute business management. The resultant liquidity crisis from the current Covid-19 pandemic has underscored the importance of a robust cash flow position in surviving any unexpected crisis. In this blog post, we explore how small business owners can get paid faster by using cloud accounting to automate and streamline their workflow.

The Covid-19 pandemic has completely transformed the global economic landscape since the first case was discovered late last year. It has brought many economies to a near-standstill with governments imposing all manners of lock down in a desperate bid to contain the spread of the virus. Under such an uncertain business climate, it is more important than ever for small business owners to tighten their purse strings and manage their cash flows to survive this unprecedented crisis. In this post, we explore what cash flow management is, and how small business owners can use cloud accounting to better improve their cash flow position.

In this post, we explore a data capture application, HubDoc, and how its integration with your cloud accounting software can bring massive time and cost savings to your business.

The digital transformation of the accounting industry has led to the emergence of a proliferation of cloud accounting providers in the market. Companies all over the world are now looking to leverage on cloud accounting technology to enhance their competitiveness and grow their businesses. In this post, we came up with a list of factors you should consider before making the leap.

The Covid-19 pandemic has forced many business owners to rethink their business models and the way their accounting function is structured. In our very first blog post, we provide information on the key differences between cloud accounting and traditional accounting, and how moving to cloud accounting can help you better navigate the pandemic.