What does it mean to you? It could mean the freedom to follow your passion in your career daily, while being paid a fair market related salary. For our clients, it could mean freedom from the daily grind of having to do finance or admin tasks, whilst having the peace of mind that their accountant has got this! To me financial freedom means the point at which I am financially… 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
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