Bookkeeping & Payroll Services for Small Businesses

 

  Many businesses consider Quickbooks Online (QBO) as an alternative to Xero to manage the finances in their business. QBO has by far the largest market share in the USA, but it is a long way behind Xero in the Australian marketplace despite having very similar functionality and a much cheaper price point. If you are looking for help staying on top of your bookkeeping in QBO, you should narrow your search to an Intuit QuickBooks ProAdvisor in Australia and check out iKeep. iKeep has recently been recognised as a Gold Pro Advisor with QBO, which is recognition for our teams familiarity with the software and the successful completion of various courses to ensure we are maximising our use of all features. Also we are Xero Platinum partners that puts us in a great position to help yo migrate from one system to another. One of the key benefits of Quickbooks Online is that is has fantastic integration with other cloud-based apps, which brings automation (and generally accuracy) to t...

  Offshoring has been a common practice in the business world for a long time, but it's something that has become accessible to smaller businesses in recent years. There are plenty of passionate views as to why people think it’s either a great idea, or a terrible process. We’ve been working with offshore team members for over 10 years and think that it’s wonderful! … once you’ve got your processes nailed. In this blog post, we will draw from our experience and talk through some of the myths and compare them to our reality. Offshoring is unsafe - This is a common myth that has been spread around by those who do not understand the concept of offshoring. By outsourcing to an offshore company, you can be assured that your data and information will be safe from hackers as it isn’t stored in one place. There are many MS office setups that can help you implement higher security for your data. Offshoring hurts local jobs - This type of thinking is ol...

 Using invoice templates in Xero You can personalise your invoices, quotes, customer credit notes, customer statements, and purchase orders display using templates in Xero. You can add multiple invoice templates to use in different situations, such as different payment terms or different logos. There’s no limit to the number of templates you can add and personlise.  You can Create/copy/edit/preview an invoice template Create an Invoice Template Click the organisation name, select Settings, then click Invoice settings Click New Branding Theme Enter a name to help identify the theme Adjust the options as needed to customise your invoice's appearance or to show additional fields. You can also enter your contact details and invoice or quote terms. Click Save. Copy an invoice template Click the organisation name, select Settings, then click Invoice settings. Find the template you want to copy, click Options, and then select...

Working with your bookkeeper is the best way to learn about how you’re doing financially. It is essential that you work closely together throughout each quarter on an ongoing basis in order keep up-to date and understand any issues better than before! We have found that a lot of small business owners are master of their trade but have some difficulties in understanding the accounting jargon or in communicating with the bookkeeper to better understand the financial health. If you want to increase your accounting knowledge so you can have more informed, insightful discussions with your account this quarter? Start right now, with this list of 7 essential accounting terms for small business owners. 1. Balance Sheet: A balance sheet is a snapshot of your company's financial position at a specific point in time. It lists your assets (what you own) and your liabilities (what you owe). The difference between the two is your net worth. Balance sheets provide the basis for computing ra...

  All of the businesses we work with at iKeep have made the move to the Cloud to manage their business finances. Whilst the move to a cloud accounting solution may have been initially for the early adopters, there is no doubt that it has now become mainstream and something you now may wish consider for your business. If you are investigating a cloud bookkeeping and accounting solution, here are some points to consider. Whether you want XERO, MYOB or Quickbooks for your Cloud Bookkeeping Software for your business we have you covered. Just call us today. What is Cloud Bookkeeping Software? This software is hosted on remote servers offsite from your location. Your data is sent into “the cloud” where it is stored and maintained on behalf of your business. Key Benefits of Cloud Bookkeeping Your data is easily accessible anywhere, anytime and on any device. No matter where you are in the world if you have internet access you can access your business information. There is one d...

  Female founder companies raised only 2.2% of VC funding in 2017: Source Fortune.com and Pitch Book. These numbers suck. We all want to see more strong female founders gaining investment. Unfortunately, the stats don’t support this. A founder should be judged on their merits. The question was posed to me by a female founder; “should female founders pitch differently to men?”. Following a presentation, I gave during female entrepreneur week (and because the stats don’t lie) I decided to go a little deeper on the topic. I wrote this article for the women who have said to me, ‘we just want honest feedback’, ‘I get a lot of time wasters’, ‘the investors changed the deal on me at the last minute and I don’t know what’s right’. There are too many bad experiences to list. Oh, and my favourite (that I can mention) is ‘when do you plan on becoming pregnant because, with women entrepreneurs, you never know how much time you’ve got’ lol, shock horror, the leading cause of femal...