Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Software technology has evolved massively in the past decade, with cloud-based apps now fundamental to many of the internal and external processes in your business.
Gone are the days of being forced to pay large amounts of money upfront for generalised software that does a hundred things you don’t need and the bare bone basics of what you do. The modern business software philosophy is of modular design. That is, bolting specialised applications on to your core business software (eg Xero) to ensure your business needs are being met in full, rather than relying on manual processing to supplement the shortfalls of the generalised software model.
However, not all applications are created equally because not all businesses work the same. This climate has created a wild west of applications, many which appear to do the same thing in different ways. For example, a restaurant’s inventory tracking needs vary drastically to that of a retail store, or a manufacturer.
To ensure you’re getting the best from the available tech, it's important to choose the right apps and to create the ideal 'app stack' for a business in your specific sector.
But how do you know if the latest ‘must-have app’ is really going to be an asset or just an additional software cost? The Xero app store is a good place to start so that your apps integrate with your accounting system.
Building the perfect app stack.
Before you dive headfirst into the Xero app store, it is important to do your homework and give yourself some firm foundations on which to base your app purchase decisions.
For example:
Talk to us about your app requirements.
Our job as your accountant isn’t just to deal with your numbers. We can also help you review your operations, formulate the most efficient systems, and assist you in choosing the apps that can deliver the most effective and productive business performance.
If you’re looking to create your perfect app stack, give your WDF contact a call to discuss your goals and assist you in making them a reality.
Manager
Why accurate leave management is so important
Your business could be at a serious risk of making costly errors if you aren’t managing your leave correctly. Read More…
Deductions denied for ATO interest charges
The ATO can apply a general interest charge (GIC) if an amount of tax or some other liability remains unpaid after the due date. Read More…
Reducing the uncertainty: Financial Forecasting and Planning
Analysing your cashflow statements, profit and loss reports and quarterly management accounts gives you an indication of where you’ve been as a business by using forecasting and scenario-planning, you make it easier to manage your finances and reduce some of the financial uncertainty. Read More…