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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Customers that are offered convenient online payment methods pay invoices on average, two to three weeks earlier than usual. Here’s how small businesses can cash in on the trend. Popular online payment methods If you’ve bought something online, then you’ve probably used an online payment method. The most common are credit cards, debit cards, automated […]
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Profitability and time is the linchpin of a service business and Xero Projects was built with this in mind. It’s geared at businesses with straightforward time and job cost tracking needs and will really appeal to those still fiddling around in spreadsheets, or who find most project management software too complex. Xero Projects, is accessed […]
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Accountants do tax and compliance work – we all know that. But the best ones do so much more. They are excellent problem solvers and strategic advisors for small business. Accountants do more than you think. They can remove or automate administrative tasks that distract you from your core business. Get an accountant and you’ll […]
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Ever wished you could get customers to pay faster? Well, you can. Just give them convenient payment options and you’ll get your money two to three weeks earlier than usual. Some may even pay instantly. Being easy to pay is a customer service You work hard to make things easy for your customers. You hustle […]
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Billing needs to be fast and accurate. Because the sooner invoices go out the door, the sooner you are likely to get paid. These eight suggestions could make your billing and cash flow better. 1. Set a billing schedule It’s tempting to give preference to paid work and put invoicing off. But no work is […]
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Whether you are a retail store, a restaurant or Café, Xero gives you a number of options to integrate your POS (point of sale) system to save you time by reducing manual processes and money by reducing risks. Xero is a leading Cloud based Accounting Software provider for small and medium sized businesses and is […]
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Many small businesses focus on bookkeeping and management accounts when looking for a new accounting system, but do not know about the other free functionalities that they have to offer. Xero has a number of free features in its standard module and in particular, the inventory module can be very useful. Xero’s Inventory Module Xero […]
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Many small businesses in Dubai struggle and waste time with manual processes which could be spent elsewhere chasing payments or generating revenue. Processing employee expenses is just one of these processes which in most cases cannot be avoided. From petrol, flights, meals, supplies, and everything in between – there are countless expenses that need to […]
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