We get weekly enquiries here at CloudCounting from clients who would like us to help them with their bookkeeping. Our focus here at CloudCounting is to teach small business owners how to bookkeep in their own business, and to provide accountancy services, so when a client wants to outsource their bookkeeping and we do not […]
I’m starting a new business. Which is the best structure for me?
One of the most common questions we get here at CloudCounting is which structure is the best way to set up my new business? Of course this is a complex topic, but in summary we would ask you the following questions: Do you expect to have a number of clients, or just one client? Is […]
How to record Xero customer part payments | overpayments | double payments
One of the most common questions we get when providing Xero training is how to apply payments to customers that don’t match the exact amount owing. When the exact amount is owing it is so easy to match the payment, the bank feed on the left lights up a lovely green and all you have […]
ATO Deferred GST | How to Complete the BAS
The ATO has a little known but very helpful scheme in place to assist importers with their cash flow. The scheme is called Deferred GST. This allows freight forwarders to waive the GST cost of imported goods when they land in Australia. The client is charged the GST by the ATO on a monthly basis […]
100% Blue or Proudly Purple | #MYOBPC versus #XeroCon
Well, that’s another accounting software conference season done and dusted. We had such a great time attending both #XeroCon and #MYOBPC. The conferences were completely different, and therefore difficult to compare, but we certainly formed some observations and would like to share them with you here … (and by the way – there are no […]
MYOB | A Company that pays it forward
Late yesterday afternoon I and many others had the immense privilege of listening to a keynote speech from an amazing bloke named Michael Crossland. I’ve never heard such a motivational, inspiring speech about being mindful and thankful for what we all take for granted living our comfortable lives in Australia. I wouldn’t do Michael’s story […]
Tax Table Update 2016 – What this means for #MYOB and #Xero Clients
We have been receiving many emails from our Xero and MYOB clients over the last few days about how your accounting software will cope with the new tax tables that were announced by the ATO in the last few days. These new tax rates will take effect on 1 October 2016. Its the first time […]
#XeroCon | Ready for a few accounting jokes?
When we think about a ‘traditional’ accountant, certain personality characteristics come to mind. There is no question that in the past, accountants have been characterized in certain ways. I think this has been reinforced by the way accountants in particular have reacted to the Xero phenomenon, versus the other participant groups attending #XeroCon – the […]
Xero New Reports & Xero Budget Manager – A Powerful Combination!
Today a non profit client who has 15 departmental budgets asked us to put together a budget report package for their Board of Directors. The end result was very impressive! This is how we did it: – Using the Xero Budget Manager, we created 15 new budgets – linked to the relevant tracking category, and imported […]
Poke a stick at your Mortgage – Go On …
Recently a long standing client of mine, who also owns her own mortgage broking business, offered to review my mortgage rates. I jumped at the chance as even though I am perceived as ‘financially literate’, being an accountant and all, I often forget to sweep the cobwebs out of my own financial life! It was […]
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