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No business owner wants Zero cash flow but every business owner wants Xero cash flow

Hello from Accolade Accounting, the small business accounting experts  in Perth and also the experts in working with  Xero. Let’s continue to look at another fantastic feature of Xero that provides additional efficiency to the accounting and small business world. In the times of BC X (Before Cloud Xero), it was very difficult for the business owner to compile an accurate cash flow in real time. There was just so…

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“I don’t have a list of my Fixed Assets. Ask my Tax Accountant.”

Hello from Accolade Accounting, the small business accounting experts  in Perth who love working with Xero. Let’s continue to look at another fantastic feature of Xero that provides additional efficiency to the accounting world and small business. In the times of BC X (Before Cloud Xero), it was very difficult for the business owner to obtain a schedule of business assets. The only person who had this information was the…

Away Away with the Old Cashbook

Hello again from the small business accounting experts in Perth. Today we will look at how the world of accounting has changed with the extinction of the cash book. Thanks to Xero, we no longer need to enter transactions into a cash book and then reconcile to a bank statement. Now , the bank transactions are automatically imported into the software and we match each entry to either an invoice…

The Filing Cabinet joins the Dinosaurs

Hello again from Accolade Accounting your experts with helping small business improve their cash flow and profit. We will continue to look at the changes brought about by the cloud based Xero accounting package.   Before cloud Xero  (BC X) all businesses used to store supplier and customer invoices in files. This is because the ATO requires most documentation to be kept for at least 5 years. The most recent…

Payment Summaries – Comparing BC X (Before Cloud Xero) to AC X (After Cloud Xero)

Hello again from Accolade Accounting. Let’s continue looking at the benefits of the Xero generation. Do you remember when you had to print out the payment summaries and post them to employees and post the payment summary statement to the ATO ? Never mind the EMPDUPE file that had to be put onto a storage device and sent to the ATO. Well now you can email all payment summaries from…

From Abacus to Everything

The most amazing change in the accounting environment for small business has erupted since the invention of the abacus, the cloud based accounting package Xero. Just like the abacus was a pivotal change back in those days, small business now will experience a pivotal change in the way that they view and process financial information for their business. Zero is nothing but Xero is everything. Xero provides business owners with…