Many business owners assume that their accountant won’t like them hiring a third-party bookkeeper. This couldn’t be further from the truth. A good bookkeeper, like those at Admin Army, are worth their weight in gold. Your accountant knows this and if you collaborate...
Are you keeping on top of your client invoicing in Xero? Invoicing is a vital component of your small business bookkeeping processes. But sometimes it can feel like such a laborious process that you are inclined to put this off. Hello, procrastination! Hello, not...
Why did you get into business? For 90% of you reading this blog, we can almost guarantee it wasn’t because you love bookkeeping. The other 10% of you? Hello, fellow bookkeepers and accountants! As a small business bookkeeping is one of those core functions that often...
Numbers. Love them or hate them, they are an essential part of your business success and something you really have to get right. Accurate financial record keeping and management are the backbone of any successful business, large or small. Keeping on top of the bill...
Are you following accounts receivable best practice in Xero? For many small businesses, accounts receivable is the key component to their lifeblood - cashflow. Invoicing regularly and correctly is part of the secret to getting paid and running a successful business. ...
How well are you using the reporting functionality of your Xero subscription? One of the keys to business success is regularly tracking and reporting on your financial performance. In order to be about to do this you need to know how to 'run your numbers'. Regularly...
It's wrong to assume that there is a right 'one size fits all' approach when it comes to choosing what accounting software you use in your business. For many small business owners, accounting software is a grudge purchase and price is a major deciding factor. ...
Are you getting the most out of your Xero subscription? We want to help make sure you are using the full functionality Xero provides around bank reconciliations. As Xero Partners our focus is always on how you can use Xero to make your life easier. This is the first...
What's the difference between an accountant and a bookkeeper? Do you really need both? If you’re like many small businesses, you wouldn’t be the first to wonder if a bookkeeper can do your accountant’s job at a fraction of the cost. Back up the bus! Let’s look at the...
Do you have a documented accounts receivable process in your business? Or more important than documenting it, do you use an accounts receivable process? Documenting it can come later. One of the most common issues Admin Army’s bookkeeping clients are facing when I...
Bookkeeping is one of those unavoidable tasks in any business – whether you’re new to business or you’ve been operating for years, there are regular milestones, normally designated by the good people at Inland Revenue (GST, annual accounts, etc.), which require you to...
Do you have an accounts payable process? You know, a systematic approach to handling bills once you’ve received them into your business? If you’re anything like most small business owners, especially if you are a relatively new business, you probably don’t have an...