It is with great pleasure that we announce that Emily Yip has joined us as a partner from 1 July 2017.
A lot of our clients walk in the our door feeling frustrated about their current accounting software not being able to deliver what they wanted, or simply their system is out of date and is too costly to replace with a new software. There are also clients who are always on the go and find desktop software limiting their business to reach their full potential.
While speaking to them, we find most of the clients would love to try something else but are scratching their heads as to where to start.
Perhaps they haven’t met Xero!
Here are six good reasons why our small business clients love Xero:
The short answer is yes, they can. Our client is a Perth business operates in the web hosting area. They approached us to assist with the integration of their invoicing and jobflow management in WHMCS to a new accounting system under Xero.
Our clients are naturally very tech-savvy and were easily able to handle the technical side of things but they wanted an overall accounting perspective on the changeover to make sure that the money didn’t get lost: for example, how would their invoices synchronise across the two platforms, where would the payments be receipted, how should refunds be handled. With some training in WHMCS, we were able to join in the planning sessions and provide a useful accounting perspective during the changeover, cross-checking to make sure all the accounting and GST entries worked as they should and making the process efficient.
The Government has been operating a free superannuation clearing house via Medicare for small employers (less than 20 employees) for some time now and many of our clients have found it useful. But now it has a new name and is called the Small Business Superannuation Clearing House, or SBSCH for short, and it has moved from being overseen by Medicare to being monitored by the ATO. If you were already registered for the service under Medicare, you use your existing logon details at SBSCH.
You may be wondering what is this Super Streaming that everyone is talking about. It’s a new Government requirement for super funds and employers and basically means each Super Fund will have an electronic identifier that will enable prompt transfers of super to their account.
If you are one of our Self-Managed Super Fund clients, we’ll be contacting you with details very soon. You can read more in this ATO fact sheet: Super Stream Changes for SMSFs (ATO)