Tag: accountant

Let us commence by understanding and answering the following questions that are relevant: 1. What exactly is Trend Analysis? – This is a technique used to analyse an entities financial data by collecting information from multiple prior periods and using this information to generate valuable insights, to assist in understanding the past and making data based decisions to change the future. 2. What can Trend Analysis be used for :…  Read more

Feature highlights of  Xero Projects    Gain greater control, flexibility, and financial visibility of your projects Project profitability – make sure that you are making your target profit on projects View how much you have invoiced by project; Manage your total expenses at a line item level ensuring that you are making a profit on the project by matching all project costs to the amounts invoiced; Create purchase orders (PO)…  Read more

Cash acceleration strategies Because cash is king, we thought we would start off the new year by setting out some useful tips on how to accelerate the flow of cash through your business. Understand your cash conversion cycle (CCC) Being able to improve how cash flows through your business requires an understanding of your cash conversion cycle. Your cash conversion cycle measures how long it takes for a Rand spent…  Read more

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of small business owners say cash flow management is a major concern for them. Cash flow refers to the movement of money into…  Read more

4 REASONS WHY YOU SHOULD OUTSOURCE YOUR BOOKKEEPING AND ACCOUNTING TO 118ACCOUNTING  As a small business owner, running your business takes priority – accounting for the accounting in your business…. probably only happens when you have a gap – why not look at ways to make that process simpler and faster, by outsourcing your bookkeeping and accounting to 118Accounting? 1 Lower Cost How do you value your time?  Every small business owner knows that time is one of your most valuable assets. Having more…  Read more

  XERO EXPENSES  If your operations involve any of the following:  Reimbursement of daily/weekly expenses,   Reimbursement of mileage claims,   then Xero Expenses is for you.   Xero Expenses is a claims management tool that connects directly to your accounting software, saving small business owners countless hours of manually capturing shoebox receipts and cigarette box mileage claims.   With Xero Expenses, you and your employees can;  capture costs as and when they happen – simply snap or scan a pic of your receipt from your mobile phone (Android and iOS), complete the expense claim and…  Read more