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The Business Advisory Blog

Welcome to our blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents.  Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

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Bank reconciliation made fun

Written by Vanessa Williams on October 16th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382There’s a long list of unpleasant things most business owners would rather do than bank reconciliation. Traditionally, it’s mindless and time-consuming.

However, the bank reconciliation functionality within Xero feels more like a video game than work.
 

Introducing Xero projects

Written by Xero on September 25th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Whether you’re a small business, or an accountant working with one, it’s important to know which jobs deliver the best return on investment, and which ones need to be reined in.

Cue projects in Xero: a simple way to capture, track and report on the time and money spent on each job so you can proactively invoice, make informed decisions and manage your business more efficiently.
 

Work-life balance losing out, as small businesses spend their evenings chasing invoices

Written by Xero on September 4th, 2017.      0 comments

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More than a third of businesses are concerned about cash flow. One in three small/medium business (SME) owners spend their evenings doing business administration and nearly 30 per cent of SME owners want to spend less time at work, according to Xero.
 

Take a few mins: strengthen security

Written by Greg Millar on June 5th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Keeping your business secure in today’s online world can be tricky, but two-step authentication makes it harder for others to access your Xero account, so your data is protected.
 

Xero invoice branding themes

Written by Vanessa Williams on May 11th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Ever wondered how you might customise your invoices in Xero to suit your particular business needs?

Then we can answer that with two words “branding theme”.

Topics: invoices , Xero
 

Xero & Fixed Assets

Written by Rose McNair on April 28th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382 For those who have not had a go at entering Fixed Assets in Xero, this is how you can do it.

Topics: fixed assets , Xero
 

Xero's tips for managing a late payment

Written by Greg Millar on April 18th, 2017.      0 comments

stress2-706Are overdue invoices keeping you up at night?

Check out Xero's four useful tips to help manage late payments.
 

Recording Expense Claims in Xero

Written by Rose McNair on March 23rd, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Here at Alliotts it’s been a good few weeks of everyone working diligently to ensure our clients are all geared up for financial year end. Therefore it might be apt to say this month’s article is a little light given the seriousness of this time of year.

 

Set up Xero prompts to automatically send reminders

Written by Rose McNair on February 17th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Now you can set up a prompt in Xero software to automatically send out Invoice reminders to your customers.

No chasing up payments, sending another invoice paper copy or having an awkward phone conversation.

 

E-Sign for Xero Tax

Written by Rose McNair on January 24th, 2017.      0 comments

xero-gold-partner-logo-hires-RGB-382Xero is taking one step more to make filing returns a breeze- with new E-Sign feature. We outline how.

Topics: tax, Xero
 

Xero introduces Apple Pay

Written by Vanessa Williams on December 16th, 2016.      0 comments

edm-icon-champion-badge-gold-667This week Xero released their latest integration with Apple, the ability to pay Xero invoices with Apple Pay. Mobile payments are the way of the future. It’s predicted that by the end of this year, mobile payment transactions in the US will grow 210%.

 

7 tech trends that will change the way businesses operate in 2017

Written by Greg Millar on December 16th, 2016.      0 comments

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Technology has the power to make our lives easier, and small businesses have the flexibility and the creativity to take advantage of this power. By staying lean and agile, a small business can adapt quickly in a moment and use new technology to power into emerging markets.

Topics: technology , Xero
 

Avoid the cash flow surprises that could kill your business

Written by Greg Millar on October 25th, 2016.      0 comments

xero-gold-partner-logo-hires-RGB-382We all know that cash flow is king. But just how much sway does it have? Well, you might want to ask the nine out of 10 small businesses that have failed because of cash flow problems.

According to Dun & Bradstreet 90% of small businesses close their doors because of poor cash flow management.
 

Xero improvements to employee leave in NZ payroll

Written by Vanessa Williams on October 6th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB(copy)Xero is bringing some exciting changes to New Zealand payroll to make it easier for you to process leave.
 

File GST returns straight from Xero

Written by Anthony McIlroy on August 2nd, 2016.      0 comments

GST-274With eGST submit your return straight from Xero, making your life easier and reducing the risk of incorrectly copying numbers from Xero to the old GST forms
Topics: Gst , Xero
 

3 steps to making better business decisions

Written by Greg Millar on June 20th, 2016.      0 comments

technology-679The cloud is here to stay. If you want to get ahead, embrace the technology so that you have real-time data to make real-time decisions that will give your business the edge.
 

Job tracking in Xero

Written by Alliott NZ Chartered Accountants Auckland on May 26th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB-493As a business owner, it is important to analyse the components of your business’s revenue.

You’ll want to know which products or services are cash cows to keep and which ones are dogs to remove.  Alliotts' new recruit Justin Wong outlines how Xero can help you to do that effectively.
 

Keeping track of receivables in XERO

Written by Alliott NZ Chartered Accountants Auckland on May 9th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB(copy)Debtors? Receivables? They all create extra work for a business. However, once you’ve added an invoice to XERO it is easy to keep track of who you need to pay, who needs to pay you and when. Alliotts' new receptionist and admin guru, Yani, runs you through how straightforward the process is.
 

Get the most out of Xero and Receipt Bank

Written by Suzie Carr on March 15th, 2016.      0 comments

receipt bank-129Using Receipt Bank and Xero is a great time-saving tool instead of having to manually enter invoice data and uploading invoices into Xero.

Receipt Bank can automate all this for you.
 

Xero files can help with Year End Preparation

Written by Gemma Murray on February 19th, 2016.      0 comments

xero-certified-advisor-logo-hires-RGB(copy)Xero files allow you to upload files to Xero and attach them to transactions as supporting documents or just store them in your Xero file library. 

This is a great opportunity to reduce the time spent preparing accounts and eliminate missing records. We outline exactly how you can do that.