March is the last chance dash to one-up your performance from last financial year. What are you doing about it? Do you have a business plan in order for the upcoming financial year? In other, relatively boring, news for you; the accountant’s D-Day is looming as we’re now into the month of March. It’s a bit of a tidy-up month for us while we make sure all tax returns are filed with IRD. This in mind, it would be a great help if you could please return any accounts queries as soon as possible. Thanks in advance!
Xero is just your accounting system. Right? It is and it isn’t. Accounting systems have come a long way and while there’s a hell of a lot Xero can do for you, one of the best advances is the ability for your accounting system to integrate with other systems.
Like Xero, there’s a ton of like-minded business developing software to help you better manage your pain-points. There’s also established software providers developing their own tools to ensure they are compatible with Xero.
Consider your current systems, or pain-points, and have a look at what’s available as potential improvements here.
You’ve likely all heard the anecdote “failing to plan is planning to fail”. Failing is never something you plan on targeting, but often the planning itself can be a task easier avoided.
We’ve seen business plans that would rival an encyclopedia, and others that fit on one page – it’s a little down to personal preference. The important thing is that you do it, and use it.
The bare essentials of a good plan are:
1. Executive Summary – Your elevator pitch. Who, what, and your goals.
2. Target Market – Who are they, what are they like?
3. Opportunities – What is your growth plan and your scope?
4. Competition – Who are they? Your U.S.P.
5. Financial Plan – What are the numbers?
Regardless of where you are in business; take a moment to consider the above. If you think you’re stuck and need help with a bit of a business plan, get in touch with us!
Check out our social media accounts- Instagram, Facebook and Linkedin. Lets get more connected!
Your Outside team, and Ruby
Address: Level 2, 182 Vivian Street, Te Aro, Wellington 6011, New Zealand
Mail: PO Box 24-457, Wellington 6142
Phone: 04 889 2975
As a business owner, reviewing your financial reports each month is essential for maintaining control and steering your business in the right direction. Here are six key reasons why you should prioritize this important task.
Starting your own business is exciting, but handling all the financial details can be overwhelming. Instead of spending your time managing the books, you could focus on growing your business. This is where expert accounting firms like Outside Accounting step in.
Choosing the right accounting software is crucial for your small business, and with so many options available, it can be challenging to decide which one is best. Xero Accounting Software stands out as a popular choice, but what makes it so special? In this article, we’ll explore six key benefits of using Xero for your small business. If you’re looking for a skilled, cost-effective accountant in Wellington to assist with your small business bookkeeping, reach out to the friendly team at Outside Accounting today.
Bookkeeping fraud, including embezzlement and theft from company accounts, can quietly drain your business’s resources for years before being discovered. The consequences can be devastating. This guide will explore how bookkeeping fraud happens and provide five effective strategies to protect your business from it.
Taking control of your small business’s financial operations is a critical step toward long-term success. With accurate financial planning and expert assistance, you can create a roadmap for expansion and growth within your industry. While managing small business finances may seem daunting, following the right steps can make the process both enjoyable and highly profitable.
As a small business owner, keeping a close eye on expenses is essential, and that includes accounting costs. You might wonder if your accountant’s fees are worth it or if you could handle it yourself using online accounting software.
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