Fundbox helps business owners improve their cash flow by transferring the amount of outstanding invoices to their bank accounts.
It provides a quick and simple way to improve your cash flow by advancing unpaid invoices. You’ll repay the amount over a 90 day period along with a small fee. You have the option to repay the full amount at any time and Fundbox will reimburse all the fees for the remaining period.
Who is it for?
It can work for any business that sends invoices or sells on credit. From creative professionals to manufacturing, any business wanting to improve their cash flow should consider Fundbox as a way to get cash into their bank faster.
Guest blog by Nina Sochon, Managing Director of teleworkhowto.com, Australia
Xero is a great tool for working from anywhere, which is fantastic for business. But you also need to make sure your work health and safety practices are sound.
Australia’s recent Work Health and Safety (WHS) legislation establishes responsibilities for employers regardless of where the work occurs. In several States and both Territories there are now criminal offences, meaning employers are now liable not only for workers compensation but also for civil penalties of up to A$3 million payable to employees who injure themselves at home on the job.
Worksafe has said that working alone can increase the likelihood of some workplace hazards or risks occurring. And when incidents occur, the consequences can be more severe when people work alone.
Xero has recently opened its second Melbourne office, home to the Melbourne development teams.
The space is next door to the current Melbourne office and it’s been designed to allow us to further expand the development team without having to move in the near future. There’s plenty of room for agile boards, TVs for product reviews, wall space aplenty for our designers to re-imagine solutions and of course the mandatory coffee machine and beer fridge. However, the most important decision has yet to be made – foosball table or mini-golf course?
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Setting up a small business is a big challenge. There’s a whole host of things that need to be considered when you want to get it right. Not least making sure you have all the information you need to be able to make well informed decisions. All that information needs to be up to date and available whenever you need it. It’s key to the success of the business. Having all that information available is one of the ways that you’ll be able to build a great working relationship with your accountant too.
A couple of weeks ago I went to the heart of London’s new tech centre, the Old Street roundabout to meet with small business owner David Abrahamovitch. He founded Shoreditch Grind, an independent coffee and cocktail house that opened two and a half years ago, with the aim of bringing better coffee to Londoners.
Shoreditch Grind London recommends Xero accounting software from Xero on Vimeo.
In November I delivered the keynote for the Clayton Christensen seminar at the Business Influentials day. It also provided a great opportunity to chat for a couple of hours with the “world’s number 1 business thinker”.
Themes from that conversation continue to be reported as Xero was called out on Forbes this week as a leading cloud disruptor.
Clayton writes about how industry disruption has historically followed the same pattern: a new business comes to market with a product, based on a new technology, that simply and elegantly solves a customer’s problem, is easily accessible and affordable. The disruptor not only sneaks up on the competition to become the leader, but grows the market by meeting peoples’ needs who found the incumbent’s product too expensive and complex.
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Using their Alice Springs-based nonprofit client BushMob as a case study, Matrix on Board told the story of how they’ve used Xero to offer a solution that was easy for anyone to use, creates beautiful financial reporting and gives the ability to access support from afar.
BushMob helps disadvantaged and disaffected Australian youth by taking them to the bush for adventure-based activities, helping them to heal and encouraging them to reconnect with society.
Matrix’s financial management support has helped BushMob enhance its ability to bring positive change to the lives of young people, many of whom struggle with drugs and alcohol.
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A video from from one of our lovely partners Jeri Murphy.
Clio is cloud-based Legal Practice Management software for small-mid sized law firms.
From unique ‘matter-centric’ task management workflows to robust time and billing, Clio is packed with great functionality and reporting.
It even helps law firms manage documents and collaborate with clients – all in the cloud.
Who is Clio for?
Clio is for law firms looking to better manage their entire business from virtually any internet connected device.
By Ryan N. Lazanis, CPA, CA, Xen Accounting, Montreal
This is part two of Ryan N. Lazanis blog on Canadian sales tax. View part one here.
As you record your sales and expenses into Xero throughout the year, you should also be recording the appropriate amount of taxes on each transaction by selecting the correct sales tax rates for each individual transaction.
When it is time to remit your taxes to the government, you will be able to retrieve the figures to report through Xero’s sales tax report. You will need to select the appropriate reporting period. If you have sales in various provinces, and if you have followed my steps above to segregate tax rates by province, then this should be rather simple to do. All the sales taxes collected and paid will be separated by province and you can fill in the reports you need to with the information available in Xero’s sales tax report. Easy peasy!
Guest blog by Ryan N. Lazanis, CPA, CA of Xen Accounting, Montreal
Whether you like it or not, reporting your sales taxes accurately is critical. Make a mistake and your precious business could pay dearly in interest and penalties. So it’s super important to make sure you’re setting up your sales taxes correctly in Xero and recording and reporting the correct figures.
Sales tax accounting is enough to give most people a headache. It’s one of the most complicated areas of accounting and it’s easy for things to get messy quickly.
However, if you follow the steps outlined below and create some systems to make sure you’re entering your data correctly into Xero, there’s no reason why you can’t have things run smoothly.