Money in, money out. Cash flow is one of the most important measures of your business's health. But how do you monitor it? It sounds simple to track sales on the one hand and expenses on the other – then compare the two. But a huge proportion of failed businesses say they closed ...
What is the preferred way for a Point Of Sale to send EOD summaries to Xero when eftpos-cash-out is present? Do we create an additional revenue line item in some way, or simply reduce the cash banked figure? Also, how should we send under/overs from EOD to Xero? eg sales was $18...
Good accounting software will make it easy for you to plan, forecast, chart and chase your business's money. But even with that support, only you can steer your business in the right direction. Disclaimer Xero does not provide accounting, tax, business or legal advice. This guide has been...
It's more work than Xero, but it really is nice to have a free/self-hosted solution to keep our finances under control.PROS The price tag (free) is hard to beat. Hosting the database locally yourself (vs. an online cloud solution) lets you control the security of your data.CONS It...
Cash flow is the lifeblood of any business. And a solid cash flow management strategy is key to weathering a crisis like COVID-19. In this post, Ben Richmond, U.S. Country Manager at Xero, outlines the three basic steps retailers can take to get their bo
The difference between cash-basis accounting and accrual-basis accounting is straightforward: It comes down to when you record sales and purchases in your accounts. However, each accounting method has pros and cons and one may be better for your business than the other. For example, many small...
The Epos POS system synchronizes all your orders and payment processing, enables users to take online orders, and helps you manage your employees with clock-in and clock-out functions. The Epos Now Hospitality POS system integrates with more than 100 third-party apps such as Xero, Sage, Deliv...
Cash tied up in outstanding receivables is one of the biggest cash flow problems you can have.According to Xero’s figures, almost half of all invoice payments made in 2021 to small businesses were paid late. And if payments are late, it means your ability to invest in yourself gets delaye...
Our software includes stock management, time and attendance and accounts integration including Xero, Sage and Quickbooks. Other areas we also specialise in are integrated credit / debit card payments with our card partners we work closely with as well as self service weigh label scale systems and ...
Victoria Nanson, Head of Sales Ledger, Swanstaff Recruitment “ We have been using Credit Hound for three months and already started seeing the benefits, each of our credit controllers save over 5 hours every week in prioritising tasks and scheduling chase reminders. ...