RESOURCES
The 5 components of a successful financial plan for business
1. Sales forecasting You should have an estimate of your sales revenue for every month, quarter and year. Identifying any patterns in your sales cycles helps you better understand your business; it’s also invaluable as you plan marketing initiatives and growth...
Financial Health Tips for Start-ups
The financial details of managing your start-up may be the last thing you want to worry about, but it's a bad habit for young business owners to put off financial planning. A start-up firm may feel the weight of profitability and success. No matter how knowledgeable...
Top 5 Equipment Rental Software to use with XERO
Do you use equipment rental software in your company? With rising demand and fierce competition, equipment rental companies may find it increasingly difficult to manage their operations, meet customer demands, maintain a healthy bottom line, and stay ahead of the...
3 Ways Social Media Has Drastically Changed Communication
What Changes to Communication Have Social Media Made? More than 3.5 billion individuals use social media worldwide, according to the most recent social media statistics. As you may already be aware, there are around 7.8 billion people on the planet, which means that...
Steps to Effective Compliance Risk Management
How to Comply with Risk Management Requirements Compliance risk management is one of the essential areas of business. It involves identifying, assessing, monitoring, and controlling risks to prevent non-compliance with laws and regulations. Companies that manage...
Explaining cryptocurrency with investment benefits and drawbacks.
A cryptocurrency is a type of digital or virtual currency that uses encryption to protect it from counterfeiting or duplicate spending. Blockchain technology, a distributed ledger enforced by a dispersed network of computers, is the foundation of many cryptocurrency...
Top 5 CRM software to use with XERO
Have you heard of the term “CRM” before? CRM stands for "Customer Relationship Management," and it refers to all strategies, techniques, tools, and technologies that businesses use to develop, retain, and acquire customers. This software ensures that every step of the...
Top 3 Advantages of using external accounting services
What does it look like to outsource your financial tasks? You can have the full accounting department experience through financial services outsourcing without the difficulty and expense of an internal employment process. You have access to skilled and qualified...
10 Tips for Using Cryptocurrency in Your Small Business
Cryptocurrency has been getting a lot of attention lately—and for good reason. This digital currency offers a number of benefits for businesses, including lower transaction fees, increased security, and faster payments. If you're thinking of incorporating...
5 Most Common Small Business Accounting Mistakes
While accounting software has made bookkeeping and accounting easier for small businesses, it has also increased the frequency of errors and accounting mistakes, ranging from incorrectly categorizing a transaction to doing all accounting yourself. Some accounting...
Top 5 Point-of-Sales software to use with XERO
Next in our series of best software that support XERO integrations, we’ll be looking at the top 5 POS software that can be used with XERO. First, let’s understand what is a POS system. What is a POS system? A point of sale system, or POS, allows your customers...
What exactly is tax evasion, and how can I prevent it in Singapore?
Singapore takes tax compliance very seriously, despite their tax system's reduced red tape and transparency. Penalties for tax evasion are severe and should not be taken lightly. They are motivated primarily by a desire to eliminate corruption and create a level...