When you want to simplify payroll, the simple choice is Xero

If it’s time to (start using/switch to more powerful) online payroll software, I recommend Xero payroll for many reasons. We have listed a few of the reasons below on why Xero Payroll makes for one of the best choices for running payroll in your business. Simplicity – With just a few clicks you can choose how often employees are paid, select multiple pay rates, reimburse expenses, manage employee leave and pay employees. Tax and leave calculations are automatically …

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What is SEO and how you should empower your business with it

SEO or Search Engine Optimisation is the term used to describe a number techniques you can use to increase the visibility of your company online. SEO may involve some time invested, but it is worthwhile to increase traffic and enquiries through your website Why is SEO so important? The internet is now the first port of call for most people when they are looking for a local business so having prominence in search results is vital. Plus, …

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Avoid the scammers

You’ve been scammed, hacked or breached! Another year, another scam. While data-driven crime is more sophisticated and difficult to address than ever, human error and judgement remain one of the major problems. The latest data breach report from the Office of the Australian Information Commissioner (OAIC) is surprising for the simplicity of the problems – 37% of data breaches resulted from human error, not a malicious attack. In over 20% of reported cases, personal information was simply …

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Single Touch Payroll: what you need to know

Single Touch Payroll (STP) – the direct reporting of salary and wages, PAYG withholding and superannuation contribution information to the ATO – comes into effect from 1 July 2018. For employers Employers with 20 or more employees at 1 April 2018 must use standard business reporting-enabled software from 1 July 2018. The head count for ‘20 employees’ includes full-time, part-time, casuals (who worked any time during March), employees based overseas, or on paid or unpaid leave. Directors …

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Do you love the Changes?

You may have noticed a few changes to the navigation in Xero. Launched on 27 November 2018, these changes bring a more logical framework to the menus and are more in line with the way businesses use Xero. One of the most obvious updates is the split between business tools and accounting tools. The accounting tools include financial reports and compliance functions that are more commonly used by accountants and bookkeepers. The business menu holds all the …

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Want to Get Paid Faster

Xero online invoicing – a faster way to get paidXero online invoicing removes the limitations of using traditional paper invoices to get paid.Xero’s built-in online invoicing features let your business carry out the whole invoice process electronically. There are key tools for creating repeat invoices, taking online payments, tracking sales revenues and chasing up any late payments – all from inside Xero.Removing the hurdles to efficient invoicingThe traditional way of raising invoices puts a whole bunch of …

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Get more from Xero with your Chart of Accounts

What is it? The chart of accounts is the list of all accounts your organisation can use to record your transactions in Xero. The Xero chart of accounts has a flat structure designed to suit a small business. Every account in your chart of accounts has several components and you can edit some components, and use components to learn more about the account. You will need the Adviser or Standard user role to view accounts in the chart …

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Xero makes getting loans simpler

Business Loans and how to apply

Applying for a business loan can be easy Need some extra cash to take your business to the next level, but daunted by the loan process? You’re not alone. There can be a lot of paperwork and number-crunching involved. Before you get started, remember that a bank wants your application to succeed as the interest you pay is a vital revenue stream to them. So it’s up to you to make their job easy by turning up …

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It’s not about the convenience, it’s about your security.

It’s not about the convenience, it’s about your security. Xero’s new two-step authentication Working with our clients recently there were a lot of questions around Xero’s introduction of two-step authentication (2SA) and how it’s another thing to do in your business. When talking this through with clients I explain how this is just another example of how serious Xero takes on their role as custodians of our data. In my eyes, this is just another example of why I love …

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The Evolution of the Modern Day Accountant

As an industry, we are going through a change in response to compliance automation, tax simplification and an increasing demand from clients for more proactive services.  So what does this mean for our clients at Business Edge Accountants? It means we are more focused on delivering business development services by getting up close and personal with our business clients to deliver more value to them and their businesses. The evolution in business development services is needed in three areas: …

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