Bookkeeping & Payroll Services for Small Businesses

  3 Benefits of Cloud-Based Accounting Tools for Small-Business Owners Enable smart organization for a distributed workforce. Since accounting information stored in the cloud can be added or accessed anywhere, team members can quickly and easily complete their work regardless of their physical location. Whether a sales rep needs to add expense receipts or a project manager needs to check an invoice for a supplier, having cloud-based tools in place makes organizing and accessing important information as easy as taking a picture of a document or searching by vendor, amount or date. Maintain relationships and easily verify discrepancies. Relationships with vendors and distributors play an enormous role in the success of many small businesses. When a vendor or distributor questions why a bill hasn’t been paid, small-business owners that leverage cloud-based tools can quickly search for invoices. Advanced cloud tools allow team members to search by virtually any term to locate a bill an...

Any business owner will tell you that there is never enough time in the day. Prioritising key areas in the business such as clients, staff, finances, sales, marketing and general operations, can be difficult.  I often get clients asking me what the best apps for business are to make life easier when they are on the go. Technology developments in new cloud accounting software now offers a number of powerful applications to help improve time management and help ease some of the stress and workload. Here are three of the best apps for business will change your life: 1. Saving you time and money Receipt Bank is a great tool to help you track expenses and record every receipt using email or smartphone application. Scan your receipt using the Receipt Bank smartphone app and all the information of your receipt is automatically collected and transferred into Xero or Intuit QuickBooks Online. Using Receipt Bank means that you will not need to collect every receipt and no more sitting down ...

As small to medium enterprises across Australia make the cloud accounting switch, Intuit QBO accounting software has proven to be one of the more popular choices for busy entrepreneurs. Here at Cornerstone, we work with a number of different software platforms on behalf of clients and after researching the individual requirements for each business, we determine the best option for particular business needs.   This is how we have set up Intuit QBO to get the most out of the cloud accounting software for some of our clients: Accounting and payroll is all rolled into one That means we’re not working with multiple systems and running the risk of data transfer errors or human mistakes. Bank statements are automatically fed into our Intuit QBO account Once again this minimises the risk of error and more importantly, saves time and money. Employee superannuation payments are automated If done manually, this can be an arduous task. Streamlining the superannuation process allows HR and payr...

Changing any sort of process in your business can make a business owner apprehensive. But changing your entire business bookkeeping software AND moving it to the cloud. Well, that can be downright terrifying. Or can it? See, here’s the thing. Change FOR good IS good. The benefits cloud accounting will bring to your business outweigh any fear of change you may have. So what we’ve done here is articulate the most common objections or barriers we hear potential clients put to us when we discuss moving their business bookkeeping software away from a traditional desktop method and over to the cloud. THEN we’ve shared why those barriers are worth jumping over. I don’t have any time to introduce something new to the business The reason you don’t have time is because you are chasing unpaid invoices, trying to find lost receipts, talking to your bank manager about poor cash flow, completing group certificates at tax time and getting home late from work. You started your business so you could ma...