When running an e-commerce business, the first priority is usually product fit and marketing and the last being accounting and bookkeeping. However, if profitability and cashflow is not tracked from the onset – this can harm your business. Here we discuss how you can connect your Shopify store to Xero to make Accounting seamless. Shopify […]
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Many small businesses in Dubai whom are using Xero may not be aware of the software add-on called WorkflowMax, a powerful end-to-end job management software. Its features to name a few include project tracking, timesheets, reporting, invoicing and job monitoring and is ideal for small and medium businesses across different service industries. WorkflowMax is ideal […]
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Anyone in creative services will tell you that coming up with the big idea is the easy part. Delivering it on time and budget is the trick. Project briefs change, contractor costs blow out, and clients challenge invoices. Accounting for creatives is complicated. Profitability challenges for agencies and freelancers Creative industries are full of financial […]
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How do you get paid for goods or services? Accounts receivable is the short answer. Here’s your introduction to one of the most important functions in a business. What is accounts receivable? Accounts receivable is the money you’re owed by customers. Once you send an invoice (or bill), it becomes part of your accounts receivable […]
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So, you’ve got your first international order. How do you invoice your customer? Which currency do you choose? And what do you do about tax? Here are some tips for small businesses based in the UAE. Which currency should you use? There are no rules around using the exporter’s currency or the importer’s currency. It’s […]
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It’s about time for another mobile round-up! The mobile team has been hard at work. With that come a number of great releases that make it that much easier to manage your business on the go, from anywhere. This month, we’re all about keeping your purchasing related activity in one place. So we’ve made a […]
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Here we provide you with a summary of the latest product updates and enhancements for small businesses and partners and see what you can expect to drop soon. Recently released Updates to the User Permissions page Manage the level of access to Xero Projects Xero Practice Manager and Xero Tax Purchases tab on iOS and Android […]
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What are CFO services? All businesses have a single common objective – to improve profitability. Without the high-level expertise from a Finance expert, management may not be able to carry out the analysis that is necessary for a deep understanding of what drives the bottom line. This paper will discuss what CFO services are and […]
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If you track income and expenses on a spreadsheet, you could be losing sight of how your business is performing and wasting a lot of time on data entry. There are low-cost alternatives that allow you to monitor your business cashflow more easily. Small business cashflow Money in, money out. Cashflow is one of the […]
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Hiring a full time CFO can be expensive for your small business, however, did you know that outsourcing this can be effective and cost saving too? What is outsourced CFO services? Outsourced or Virtual CFO services is a relatively new concept. It’s a way for small businesses to get CFO support that they wouldn’t have […]
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Accountants help keep your finances in order but bookkeepers play an important role too. So what’s the difference between a bookkeeper and an accountant? And how can a bookkeeper help you run your business? Bookkeepers and accountants are not the same If you’re a small business owner, you’ll be familiar with juggling several tasks at […]
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A good succession plan can secure a business owner’s legacy, and their retirement. Here are some tips on how to prepare for this process. Three stages of succession planning There are many steps involved in the preparation of a business for a new owner. Too many businesses do just one of them – offer their […]
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